The new report by Expert Market Research titled, ‘Global Plantain Flour Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global plantain market, assessing the market based on its segments like source, process, application, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 6%
The growth of the global market for plantain flour has been increasing considerably in the recent years owing to the rising awareness pertaining to its health benefits. Plantain flour is rich in fibre, balances blood sugar levels, is gluten-free, and contains essential minerals and vitamins, including vitamin E, zinc, magnesium, potassium, and manganese. Thus, the health benefits of plaintain flour is positively influencing the growth of the market. In addition, plantain flour helps in improving heart health, reducing cholesterol, and helps in nerve and muscle activities, hence contributing to the market growth. In line with this, the rising applications of plantain flour in the food and beverage industry is augmenting the growth of the market. Furthermore, plaintain flour can be directly used as it does not require mixing with other grains. Thus, the rising demand for the product owing to its easy usability is significantly adding to the growth of the market.
Industry Definition and Major Segments
Plantains represent the staple food product in many tropical areas of the world. It is produced from dry pulverised plantain slices. It significantly helps in losing weight, improve heart health, and act like a catalyst for the growth of healthy bacteria in the gut. Plantain flour is gluten free, hence appealing to people suffering from gluten intolerance.
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On the basis of source, the market can be divided into:
- Organic
- Conventional
By process, the market can be categorised into:
- Sun Dried
- Oven Dried
- Others
By application, the industry can be segmented into:
- Food and Beverage
- Infant Food
- Confectionery
- Bakery and Snacks
- Others
- Feed
- Others
On the basis of distribution channel, the market can be classified into:
- Supermarkets and Hypermarkets
- Convenience Store
- Online
- Others
The regional markets for plantain flour include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The growth in the global market for plantain flour is being driven by the increasing demand for gluten free alternatives to wheat flour. Gluten is a protein present in wheat and barley, and due to the growing number of people suffering from gluten intolerance, the market for plantain flour is growing in major developed and developing nations. The market growth can further be ascribed to rising disposable incomes and growing health consciousness among consumers. Moreover, as plantain flour helps in improving heart health and reduces cholesterol, the market is witnessing further growth.
Key Market Players
The major players in the market are Natural Evolution, Terova Inc. (NuBana), Ceres Enterprises Ltd., KADAC Pty Ltd., and Woodland Foods, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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