The net value of total banana flour in the Western Europe commercial sector for the year 2023 is expected to be US$ 11.47 million. Looking ahead, demand for banana flour in Western Europe is expected to increase at a 4.0% CAGR through 2033. By the completion of this projection period, the net worth of the total banana available in Western Europe is anticipated to reach US$ 17.48 million.
Key Trends Influencing the Revenue Surge in Western Europe’s Banana Flour Industry
| Attributes | Details |
|---|---|
| Industry size of Western Europe in 2023 | US$ 11.47 million |
| Expected Industry Size of Western Europe by 2033 | US$ 17.48 million |
| Forecasted CAGR between 2023 to 2033 | 4.0% |
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Variety of Culinary Uses: The adaptability of banana flour in the baking industry enables its usage in many popular bakery products, such as smoothies, muffins, pancakes, bread, and more. The amount of banana flour used in Europe is predicted to increase from 120 MMT in 2023 to over 210 MMT by the end of 2033.
Growing Consumer Demand for Gluten-free Goods: The requirement for gluten-free substitutes in the region is rising as more people are being diagnosed with celiac disease or gluten sensitivity. Additionally, because of its high vitamin content and being an excellent source of dietary fiber and resistant starch, it is recommended more for such patients.
Health Advantages of Resistant Starch: Due to the presence of resistant starch, which is a form of carbohydrate, banana flour contributes to better gut health and blood sugar regulation. The commercial value of banana flour in Western Europe has been bolstered as a reliable source of resistant starch for many functional food industries.
The table showcases a comparative overview of how banana flour is being accepted in Western European countries, Japan, and Korea. While numerous health benefits and sustainability implications have increased the production of banana flour in Asian countries, traditional food habits have yet to catch up with this growing trend.
Demand for Banana Flour in Western Europe:
| Attributes | Demand for Banana Flour in Western Europe |
|---|---|
| CAGR (2023 to 2033) | 4.0% |
| Valuation (2023) | US$ 11.47 million |
| Key Trend | Growing use of green banana flour as a gluten-free component in functional food sector |
| Key Challenge | Limited use of banana flour in place of wheat flour to retain the texture and taste of bakery goods |
Popularity of Banana Flour in Japan:
| Attributes | Popularity of Banana Flour in Japan |
|---|---|
| CAGR (2023 to 2033) | 6.0% |
| Valuation (2023) | US$ 7.61 million |
| Key Trend | Consumers' evolving trends and desire for greater nutrition from organic, superior sources of food with clear labeling |
| Key Challenge | Additional processing steps involved in making banana flour could affect its overall nutrient profile |
Adoption Scenario of Banana Flour in Korea:
| Attributes | Adoption Scenario of Banana Flour in Korea |
|---|---|
| CAGR (2023 to 2033) | 7.1% |
| Valuation (2023) | US$ 5.58 million |
| Key Trend | Increased customer desire for conventional food with better nutritional value and novel tastes, textures, and scents |
| Key Challenge | Banana flour may not be suitable for use in many traditional dishes of Korean cuisine |
Principal Consultant
The demand outlook for banana flour in Western Europe signifies that the conventional segment is set to have 96.9% of the industry share in 2023.
| Leading Source for Banana Flour in Western Europe | Conventional |
|---|---|
| Total Value Share (2023) | 96.9% |
Banana flour sourced from bananas obtained from conventional farming methods accounts for a larger share of demand, particularly in the commercial food sector in Western Europe. However, the growing demand for bananas in retail sectors showcases the immense potential for banana flour sourced from organic farms established in Western European countries.
According to the end use survey of banana flour in Western Europe for 2023, 71.4% of banana flour produced in the region is likely to end up in food industries.
| Leading Application Type for Banana Flour in Western Europe | Food Industry |
|---|---|
| Total Value Share (2023) | 71.4% |
Currently, the use of banana flour in Western Europe is predominantly limited to the preparation of commercial food items such as bakery products and ready-to-eat food items. However, positive user experiences and endorsements from people who have incorporated banana flour into their diets are expected to drive increased demand in the household segment.
| Key Countries in Western Europe | Value CAGR (2023 to 2033) |
|---|---|
| Germany | 6.1% |
| United Kingdom | 6.4% |
| France | 4.9% |
Germany currently leads in Western Europe for the consumption of banana flour and is projected to experience a 6.1% CAGR over the next ten years.
A greater variety of food items based on banana flour are becoming popular due to the substantial food and beverage sector in Germany. Packaged food producers and entrepreneurs are constantly seeking new methods to incorporate banana flour into their products, which could lead to a surge in demand in the future.
The regional assessment for banana flour in the United Kingdom signifies an industry expansion of 6.4% CAGR through 2033.
Demand for banana flour has risen as a result of effective marketing techniques that emphasize the product's sustainability, adaptability, and health advantages. The growing requirement for resistance carbohydrates has encouraged the commercial food sector to include banana flour into their meals. This includes purchases from grocery shops, health food stores, and online merchants.
The overall consumption of banana flour in France is expected to experience a 4.9% CAGR through 2033.
There is a growing trend among customers in France to seek out innovative diet regimens, which has popularized the use of banana flour in the country. Also, the expanding food tourism sector is poised to surge the use of banana flour in restaurants, hotels and street food outlets.
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The competitive landscape of the Western Europe banana flour sector is getting diversified with the proliferation of online as well as offline retail channels. As banana flour becomes more widely used, banana processing industries in Western Europe might find it simpler to expand their reach in Eastern European countries.
A strong focus on sustainable development has also forced governments to encourage small-scale banana flour firms for green bananas that may otherwise go to waste. So, so growing establishment of banana flour processing industries can intensify the competition besides supporting sustainable agriculture goals and decreasing food waste in the region.
Recent Developments in Banana Flour Observed in Western Europe
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 11.47 million |
| Projected Industry Size by 2033 | US$ 17.48 million |
| Anticipated CAGR between 2023 to 2033 | 4.0% CAGR |
| Historical Analysis of Demand for Banana Flour in Western Europe | 2018 to 2022 |
| Demand Forecast for Banana Flour in Western Europe | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the adoption of Banana Flour in Western Europe, Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western EuropeManufacturers |
| Key Countries Analyzed while Studying Opportunities in Banana Flour in Western Europe | Germany, Italy, France, Spain, United Kingdom, BENELUX, Rest of Western Europe |
| Key Companies Profiled | Biotona (Belgium); Bulk Powders (United Kingdom); El Granero Integral (Spain); Food to Live (Latvia); Herbaria (Germany); Holland & Barrett (United Kingdom); Naturalia (France); Natruly (Spain); Nutrimuscle (France); Naissance (United Kingdom); Prozis (Portugal); Supernature (France); Your Super (Germany) |
The expected CAGR for the industry in Western Europe through 2033 is 4.0%.
The demand in Western Europe is anticipated to reach US$ 17.48 million by 2033.
The rising popularity of resistant carbohydrate has impacted the regional sales.
Banana flour manufacturers are emphasizing on their organic source of plantains.
Food Industry currently account for 71.4% of overall industry across Western Europe.
1. Executive Summary 1.1. Western Europe Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Western Europe Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Western Europe Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Source, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Source, 2023 to 2033 5.3.1. Organic 5.3.2. Conventional 5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033 6. Western Europe Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Beverages 6.3.2. Pet Food and Feed Industry 6.3.3. Household 6.3.4. Food Industry 6.3.4.1. Bakery & Snacks 6.3.4.2. Infant Food 6.3.4.3. Fillings & Dressings 6.3.4.4. Soups and Sauces 6.3.4.5. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Western Europe Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2023 to 2033 7.3.1. Direct 7.3.2. Indirect 7.3.2.1. Modern Trade 7.3.2.2. Convenience Store 7.3.2.3. Speciality Store 7.3.2.4. E-Retailers 7.3.2.5. Other retail format 7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033 8. Western Europe Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Country, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Country, 2023 to 2033 8.3.1. UK 8.3.2. Germany 8.3.3. Italy 8.3.4. France 8.3.5. Spain 8.3.6. Rest of Western Europe 8.4. Market Attractiveness Analysis By Country 9. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Region 9.2.1.1. England 9.2.1.2. Scotland 9.2.1.3. Wales 9.2.1.4. Northern Ireland 9.2.2. By Source 9.2.3. By Application 9.2.4. By Distribution Channel 9.3. Market Attractiveness Analysis 9.3.1. By Region 9.3.2. By Source 9.3.3. By Application 9.3.4. By Distribution Channel 9.4. Key Takeaways 10. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Region 10.2.1.1. North-east (Germany) 10.2.1.2. North-west (Germany) 10.2.1.3. Central (Germany) 10.2.1.4. South (Germany) 10.2.1.5. Other(Germany) 10.2.2. By Source 10.2.3. By Application 10.2.4. By Distribution Channel 10.3. Market Attractiveness Analysis 10.3.1. By Region 10.3.2. By Source 10.3.3. By Application 10.3.4. By Distribution Channel 10.4. Key Takeaways 11. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Region 11.2.1.1. North (Italy) 11.2.1.2. Central (Italy) 11.2.1.3. South (Italy) 11.2.1.4. Islands (Italy) 11.2.2. By Source 11.2.3. By Application 11.2.4. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Region 11.3.2. By Source 11.3.3. By Application 11.3.4. By Distribution Channel 11.4. Key Takeaways 12. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Region 12.2.1.1. Northern (France) 12.2.1.2. Central (France) 12.2.1.3. Southern (France) 12.2.1.4. Eastern (France) 12.2.2. By Source 12.2.3. By Application 12.2.4. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Source 12.3.3. By Application 12.3.4. By Distribution Channel 12.4. Key Takeaways 13. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Region 13.2.1.1. Basque Country 13.2.1.2. Andalusia 13.2.1.3. Extremadura 13.2.1.4. Catalonia 13.2.1.5. Valencia 13.2.1.6. Rest of Spain 13.2.2. By Source 13.2.3. By Application 13.2.4. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Source 13.3.3. By Application 13.3.4. By Distribution Channel 13.4. Key Takeaways 14. Rest of Western Europe Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Source 14.2.2. By Application 14.2.3. By Distribution Channel 14.3. Market Attractiveness Analysis 14.3.1. By Source 14.3.2. By Application 14.3.3. By Distribution Channel 14.4. Key Takeaways 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Source 15.3.3. By Application 15.3.4. By Distribution Channel 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Diana Foods 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Natural Evolution 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. ADM Wild Europe GmbH & Co. 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. KADAC Pty Ltd 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. NuNatural Inc. 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Zuvii 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. NOW Health Group Inc. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. International Agriculture Group 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Ceres Enterprises Ltd 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Saipro Biotech Pvt. Ltd. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. Woodland Foods 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 16.1.12. Z Natural Foods 16.1.12.1. Overview 16.1.12.2. Product Portfolio 16.1.12.3. Profitability by Market Segments 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Product Strategy 16.1.12.5.3. Channel Strategy 16.1.13. Synergy Food Industries 16.1.13.1. Overview 16.1.13.2. Product Portfolio 16.1.13.3. Profitability by Market Segments 16.1.13.4. Sales Footprint 16.1.13.5. Strategy Overview 16.1.13.5.1. Marketing Strategy 16.1.13.5.2. Product Strategy 16.1.13.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Demand and Trend Analysis of Banana Flour in Western Europe
