Global Banana Flakes Market Report and Forecast 2024-2032

Global Banana Flakes Market Outlook

The global banana flakes market witnessed a healthy growth in the historical period of 2018-2023, aided by the rising demand for healthy and organic nutrition. The market is expected to grow at a CAGR of 4.5% during the forecast period of 2024-2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Developed Regions to Significantly Aid the Market Growth for Banana Flakes

The volume sales of banana flakes in countries like India, Australia, North America, and the European Union are at the higher end. The demand for banana flakes has been rising rapidly, owing to the growing popularity of organic food. The use of banana flakes is considerably high as a raw material in the bakery and dairy industry in Europe, thus pushing the demand forward for the product. Companies like Nestle and Danone are the significant manufacturers of breakfast cereals and infant food, in which the product finds significant use. Most of these companies are based in the developed nations of the North American and European markets, thus, driving the supply of banana flakes upward. Moreover, the presence of well-developed distribution channels in these countries is propelling the market forward.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Banana Flakes: Market Segmentation

Banana flakes are derived from naturally ripened bananas which are then carefully dehydrated. They are characterized by their high content of fibres and minerals like potassium, iron, magnesium, calcium, and zinc, as well as many trace elements and vitamins (A, B, B6, B9, C, and E).

Based on nature, the market is bifurcated into:

• Organic
• Conventional

Based on distribution channels, the industry is segmented into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

Based on application, the market is divided into:

• Beverage
• Food
• Feed
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Demand for Healthy and Organic Nutrition is Driving the Banana Flakes Market Growth

With the growing health consciousness among consumers, the demand for healthier food items like banana flakes is gaining traction. Banana flakes are gluten-free, which has led to their adoption by patients suffering from cardiovascular diseases and people suffering from gluten allergies. The market has also shown growth in the infant nutrition segment, which can be attributed to the growing focus of parents on providing their children with nutritious food. The trend of consuming organic food is becoming popular across the world; thus, further aiding the rapid growth of the market. Moreover, abundant farming of bananas across several regions has resulted in an increased production of these products. These factors are significantly boosting the market growth.
 

Key Industry Players in the Global Banana Flakes Market

The report gives a detailed analysis of the following key players in the global banana flakes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Diana Group
• Dermasal
• Rabeler Fruchtchips GmbH
• Certifications Naturkostbar AG
• Z Natural Foods, LLC
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.

Key Highlights of the Report