Global Banana Flakes Market
Posted: Jun 22, 2019
Global Banana Flakes Market was valued at US$ 637 Mn in 2017 and is expected to reach US$ 1017.1 Mn by 2026, at a CAGR of 6.02% during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Banana Flakes Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Banana Flakes Market.
Based on nature, the organic segment is expected to hold the largest share in the banana flakes market during the forecast period owing to increasing consciousness regarding health and fitness among the consumers across the globe. The conventional form is expected to generate the highest CAGR during the forecast period due to its inexpensive nature. On the basis of application, food & beverages segment is expected to hold the largest share in the banana flakes market during the forecast period. Rising usage of banana flakes in cereals and bakery goods is driving the global banana flakes market growth in a positive way. The household segment is projected to generate the highest CAGR in the banana flakes market during the forecast period. In terms of the distribution channel, the online store is estimated to hold the largest share in the banana flakes market during the forecast period due to online retailing provides more discounts and wider options to purchase, the online platform becomes popular owing to that it provides the delivery to the doorstep by order of products. In addition, rising penetration of internet and smartphones are propelling the banana flakes market growth.
The popularity of the organic product is expected to drive the banana flakes market growth in the forecast period across globally owing to the increasing population and growing affordability of middle-class population across the globe.
Growing demand for healthy food as raising awareness regarding health is boosting the banana flakes market growth in a positive way. Banana flakes market is driven by the increased production of cereals and bakery goods. The increasing trend of organic product is propelling the banana flakes market growth. Banana flakes are unique fiber source and can control diarrhea is the major driving factor of the banana flakes market growth. Increasing banana based products production is surging the banana flakes market growth. It is expected that the awareness among consumers about the health benefits served by banana flakes would create admirable growth opportunities within the banana flakes market across the globe. In addition, banana flakes have high proteins and nutrition is expected to boost the banana flakes market growth in the forecast period. Increasing usage of banana flakes in various products such as ice creams and other desserts is also estimated to drive the banana flakes market growth in the near future and at the same time, a high cost of the organic product will act as restraints to the banana flakes market growth.
The Asia Pacific is expected to hold the largest share in the banana flakes market during the forecast period owing to the rising disposable income of consumers, changing living standards of people, and increasing population such as India and China. The trend of healthy breakfast and quick bites is projected to fuel the banana flakes market growth during the forecast period. India is estimated to boost the banana flakes market owing to the rising demand for infant nutrition’s products. In this country, constitutes Children in the age 0-5 are represents 29% of the total population of the country is surging the banana flakes market growth. Changing preference towards the natural products is also expected to surge the market growth in the forecast period. North America and Europe are estimated to generate the highest CAGR during the forecast period owing to rising concerns regarding health and healthy food.
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The Scope of the Report Banana Flakes Market
by Distribution Channel
- Food and Beverages
- North America
- Asia Pacific
- Middle East & Africa
- South America
Key Players Operating in Global Banana Flakes Market
- Futurcorp S.A.
- Z Natural Foods LLC
- BATA Foods
- Chiquita Brands International
- Naturkostbar KG
- Diana Group
- Rabeler Fruchtchips GmbH
- Johs Thoms GmbH & Co. KG
- P&G Food Industries
- Ingredient Inc.
- Van Drunen Farms
- Orchard Valley Foods Limited
- Top Line Foods
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