The new report by Expert Market Research titled, ‘Global Plantain Flour Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global plantain market, assessing the market based on its segments like sources, processes, applications, distribution channels, 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 (2016-2026)
- Forecast CAGR (2021-2026): 4.6%
The plantain flour industry has been witnessing a considerable growth owing to the increased awareness of the health benefits associated with the consumption of plantain flour. The plantain flour is high in fibre, balances blood sugar levels, is gluten-free, and contains essential minerals and vitamins, including vitamin E, zinc, magnesium, potassium, and manganese. It also helps improve heart health and reduce cholesterol. Flour made from wheat requires mixing with other grain-based flour. However, plantain flour can be used directly. The product is likely to witness a rise in demand due to its wide applications in the food and beverage industry.
Industry Definition and Major Segments
In the tropical areas of the world, plantains are considered a staple food. They are very popular in West Africa, South America, and the Caribbean. Plantain flour is produced from dry pulverised plantain slices. It significantly helps lose weight, improves heart health, and acts like a catalyst for the growth of healthy bacteria in the gut.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/plantain-flour-market
On the basis of source, the industry can be divided into:
- Organic
- Conventional
By process, the industry can be categorised into:
- Sun Dried
- Oven Dried
- Others
Based on application, the industry is segmented into:
- Food and Beverage
- Feed
- Others
Among these, the food and beverage segment is further subdivided based on type into infant food, confectionery, and bakery and snacks, among others.
The industry can be categorised based on distribution channel into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
The regional markets for plantain flour include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The key market trends driving the growth of the plantain flour industry include the increasing demand for gluten free alternatives to wheat flour. Gluten, which is a protein found in grains, including wheat and barley, is not easily digestible. Because of this, many people in developed nations prefer plantain flour over wheat flour. Moreover, the increasing demand for clean labelled food products and plant-based alternatives is expected to further aid the industry growth. All these factors are expected to significantly contribute to the demand for plantain flour in the forecast period.
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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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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