Market Snapshot:
Banana flakes are mainly resultant from natural or organic ripened bananas. Banana flakes are mostly rich in nutrient minerals, including iron, magnesium, potassium, calcium, & zinc. These flakes contain 3% water & are considered to have low-fat content. These flakes are also gluten-free. Banana has many health benefits for infants, females & elderly population. These are used in many food products including infant food, desserts & as breakfast cereals. Banana flakes market is driven by the increased production of cereals & bakery goods. The increasing trend of organic product is propelling the banana flakes market growth. The popularity of the organic product is likely to drive the banana flakes market growth in the forecast period around the world due to the growing population & rising affordability of middle-class population around the world.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | BATA FOOD (BARDAKCI GROUP) (Turkey), Diana Foods (Symrise) (Germany), Orchard Valley Foods (United Kingdom), Van Drunen Farms (United States), Chiquita Brands International Sàrl (United States), Rabeler Fruchtchips GmbH (Germany), Johs.Thoms GmbH & Co. KG (Germany), Top Line Foods Ltd. (United Kingdom), Futurcorp S.A. (Ecuador) and DE-VAU-GE Gesundkostwerk Deutschland GmbH (Germany) |
CAGR | 6.2% |
Segment Analysis
AMA Research have segmented the market of Global Banana Flakes market by Type, Application and Region. On the basis of Type, Organic are dominating the market in the year 2022
On the basis of geography, the market of Banana Flakes 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). North America region held largest market share in the year 2022.
Market Trend
Growing Adoption of Healthy Breakfast and Quick Bites and Increasing Production of Cereals & Bakery Goods
Market Drivers
Increasing Demand & Popularity of Organic Items Both from Developed & Developing Countries, Rising Affordability of Middle-Class Population across the Globe and Growing Population and Increasing Demand for Infant Food Products
Opportunities
Increasing Usage of Banana Flakes in Many Products like Ice Creams & Other Dessert, Increasing Concerns Regarding Health & Healthy Food and Growing Penetration of Internet and Smartphones
Restraints
- Rising Production Costs for Bananas
In addition to the aforementioned factor, Increasing Demand & Popularity of Organic Items Both from Developed & Developing Countries
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
Banana Flakes is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, 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 BATA FOOD (BARDAKCI GROUP) (Turkey), Diana Foods (Symrise) (Germany), Orchard Valley Foods (United Kingdom), Van Drunen Farms (United States), Chiquita Brands International Sàrl (United States), Rabeler Fruchtchips GmbH (Germany), Johs.Thoms GmbH & Co. KG (Germany), Top Line Foods Ltd. (United Kingdom), Futurcorp S.A. (Ecuador) and DE-VAU-GE Gesundkostwerk Deutschland GmbH (Germany). A lot of German, and United States players are profiled in the research study indicating a strong market dependence.