Market Snapshot:
Banana chips are the dried slice of the banana that is crispy and maintains full banana flavor. These are typically eaten as a snack or with nuts and chocolate. Banana chips are a good source of vitamin and minerals especially magnesium. These chips are moderately high in calories, of 1.5-ounce serving has 218 calories, or roughly 10 percent of your daily calorie allowance if considered that a person follows a standard of 2000 calories diet. Most of the calories come from carbohydrates and fat -25 and 14 grams respectively, which means one can keep the body fueled up between meals. But at the same time, more consumption of banana chips can trigger weight gain.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Baboon Bite (Thailand), Gold Chips (Philippines), BG Fruits and Nuts Corp (Philippines), Four Seasons Fruits Corporation (Philippines), Traina Foods (United States), Finelineasia Group of Companies Inc. (Philippines), KF Nutri Foods International Inc., (Philippines), Banana Slice India Pvt Ltd (India), Greenville Agro Corporation (GAC) (Philippines), LTA Foods Manufacturing (Philippines), Prime Fruits International Inc. (Philippines), EL Coco (GSL Premium Food Export Corporation) (Philippines) and Jamaica Producers Group (North America) |
Segment Analysis
AMA Research have segmented the market of Global Banana Chips market by Type, Application and Region. On the basis of Type, Fried are dominating the market in the year 2022
On the basis of geography, the market of Banana Chips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022.
Market Trend
Introduction of Innovative Flavors in Banana Chips
Market Drivers
Demand for Savory Snacks Among Young People and Changing Dietary Habits and Increasing Health Consciousness is Increasing Demand of Banana Chips
Opportunities
Advancement in Banana Chips Producing Machines and Equipment
Restraints
- High-Cost Availability of Machines used in the Production of Banana Chips
- Seasonal Availability of Banana Chips
In addition to the aforementioned factor, Demand for Savory Snacks Among Young People
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
Banana chips market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products with different flavors to enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
The key Vendors profiled in the study are Baboon Bite (Thailand), Gold Chips (Philippines), BG Fruits and Nuts Corp (Philippines), Four Seasons Fruits Corporation (Philippines), Traina Foods (United States), Finelineasia Group of Companies Inc. (Philippines), KF Nutri Foods International Inc., (Philippines), Banana Slice India Pvt Ltd (India), Greenville Agro Corporation (GAC) (Philippines), LTA Foods Manufacturing (Philippines), Prime Fruits International Inc. (Philippines), EL Coco (GSL Premium Food Export Corporation) (Philippines) and Jamaica Producers Group (North America). A lot of Philippines players are profiled in the research study indicating a strong market dependence.