Error creating bean with name 'compositeMessageChannelConfigurer' defined in org.springframework.cloud.stream.config.BinderFactoryAutoConfiguration - spring-boot

Question

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Micro service 1:
artefact id - microservice1
Defined KafkaStreams.java interface where in defined the binder properties like below.
public interface KafkaStreams {
String OUTPUT = "kafka-output";
String INPUT = "kafka-input";
#Input(INPUT)
SubscribableChannel getInputChannel();
#Output(OUTPUT)
MessageChannel getOutboundMessageChannel();
}
Micro service 2:
artefact id - microservice2
In the micro service2 added dependency microservice1 and gave the cloud properties broker conf and topic names.
spring:
application:
name: business-service
cloud:
stream:
default-binder: kafka1
function:
definition:
kafka:
binder:
brokers:
- localhost:9092
configuration:
default.key.serde: org.apache.kafka.common.serialization.Serdes$StringSerde
default.value.serde: org.apache.kafka.common.serialization.Serdes$BytesSerde
commit.interval.ms: 1000
security.protocol: SASL_PLAINTEXT
bindings:
kafka-input:
destination: topic1
contentType: text/plain
binder: kafka1
kafka-output:
destination: topic2
contentType: text/plain
binder: kafka1
binders:
kafka1:
type: kafka
environment:
spring:
cloud:
stream:
kafka:
binder:
brokers: localhost:9092
Stack trace :
2020-03-25T15:21:09.748+08:00 [APP/PROC/WEB/0] [OUT] Caused by: org.springframework.beans.factory.UnsatisfiedDependencyException: Error creating bean with name 'compositeMessageChannelConfigurer' defined in org.springframework.cloud.stream.config.BinderFactoryAutoConfiguration: Unsatisfied dependency expressed through method 'compositeMessageChannelConfigurer' parameter 0; nested exception is org.springframework.beans.factory.NoSuchBeanDefinitionException: No qualifying bean of type 'org.springframework.cloud.stream.binding.MessageConverterConfigurer' available: expected at least 1 bean which qualifies as autowire candidate. Dependency annotations: {}
2020-03-25T15:21:09.748+08:00 [APP/PROC/WEB/0] [OUT] at org.springframework.beans.factory.support.ConstructorResolver.createArgumentArray(ConstructorResolver.java:798) ~[spring-beans-5.2.3.RELEASE.jar:5.2.3.RELEASE]
2020-03-25T15:21:09.748+08:00 [APP/PROC/WEB/0] [OUT] at org.springframework.beans.factory.support.ConstructorResolver.instantiateUsingFactoryMethod(ConstructorResolver.java:539) ~[spring-beans-5.2.3.RELEASE.jar:5.2.3.RELEASE]
2020-03-25T15:21:09.748+08:00 [APP/PROC/WEB/0] [OUT] at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.instantiateUsingFactoryMethod(AbstractAutowireCapableBeanFactory.java:1338) ~[spring-beans-5.2.3.RELEASE.jar:5.2.3.RELEASE]
2020-03-25T15:21:09.748+08:00 [APP/PROC/WEB/0] [OUT] at org.springframework.beans.factory.support.AbstractAutowireCapableBeanFactory.createBeanInstance(AbstractAutowireCapableBeanFactory.java:1177) ~[spring-beans-5.2.3.RELEASE.jar:5.2.3.RELEASE]