The substantial farming of bananas across several regions to escalate the market growth at CAGR of 4.5% during 2020-2027.
According to the latest market study on 'Global Banana Flakes Market Forecast to 2027 - COVID-19 Impact and Analysis −by Nature (Organic and Conventional), Application (Household, Food and Beverages Industry, and Others), Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online, and Others), and Geography,'the global banana flakes market was valued at US$ 941.74 million in 2019 and is projected to reach US$1,323.37million by 2027; it is expected to grow at a CAGR of 4.5% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their development sin the market.
Banana flakes are prepared from naturally ripened bananas, which are carefully processed by dehydrating so as to maintain the taste and nutritional value in the flakes. Such flakes are known for their nutritional profile and are rich in minerals such as magnesium, calcium, potassium, iron, and zinc. Additionally, banana flakes comprises high levels of trace elements as well as vitamins such as A, B, B6, B9, C, and E. Moreover, banana flakes are composed of 3% water, along with low-fat content with higher content of fiber and potassium.
Banana is cultivated in more than 120 countries. According to the Food and Agricultural Organization of the United Nations, the total annual production of banana in 2017 was 114 million tones, globally. Countries leading in the banana cultivation are India, China, Philippines, Ecuador, Brazil, Mexico, Costa Rica, Colombia, and Thailand. Banana is one of the essential food crops after wheat, rice, and maize. As the global population is surpassing 7 billion, consumption requirements are also increasing tremendously. Moreover, escalating health awareness among the population in various regions such as North America and Europe, is leading to rise in demand for banana and its products. Major banana producing countries have widened their harvesting area to meet the growing food demands across the world.
Bata Foods B.V.;Diana Group;Futurcorp S.A;Ingredient Inc.;Naturkostbar KG, JOHS. THOMS GmbH & Co. KG, P&G Food Industries, Rabeler Fruchtchips GmbH, Van Drunen Farms, and Z Natural Foods are among the well-established players in the global banana flakes market.
The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread around the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, Spain, France, and Germany are among the worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in June 2020, approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Food & beverage is one the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic. China is the global manufacturing hub and is the largest raw material supplier for various industries; however, it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various banana flakes companies. The overall market break down due to COVID-19 is also affecting the banana flakes market growth due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
The report segments the global banana flakes market as follows:
By Nature
By Application
By Distribution Channel
By Geography
According to the latest market study on 'Global Banana Flakes Market Forecast to 2027 - COVID-19 Impact and Analysis −by Nature (Organic and Conventional), Application (Household, Food and Beverages Industry, and Others), Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online, and Others), and Geography,'the global banana flakes market was valued at US$ 941.74 million in 2019 and is projected to reach US$1,323.37million by 2027; it is expected to grow at a CAGR of 4.5% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their development sin the market.
Banana flakes are prepared from naturally ripened bananas, which are carefully processed by dehydrating so as to maintain the taste and nutritional value in the flakes. Such flakes are known for their nutritional profile and are rich in minerals such as magnesium, calcium, potassium, iron, and zinc. Additionally, banana flakes comprises high levels of trace elements as well as vitamins such as A, B, B6, B9, C, and E. Moreover, banana flakes are composed of 3% water, along with low-fat content with higher content of fiber and potassium.
Banana is cultivated in more than 120 countries. According to the Food and Agricultural Organization of the United Nations, the total annual production of banana in 2017 was 114 million tones, globally. Countries leading in the banana cultivation are India, China, Philippines, Ecuador, Brazil, Mexico, Costa Rica, Colombia, and Thailand. Banana is one of the essential food crops after wheat, rice, and maize. As the global population is surpassing 7 billion, consumption requirements are also increasing tremendously. Moreover, escalating health awareness among the population in various regions such as North America and Europe, is leading to rise in demand for banana and its products. Major banana producing countries have widened their harvesting area to meet the growing food demands across the world.
Bata Foods B.V.;Diana Group;Futurcorp S.A;Ingredient Inc.;Naturkostbar KG, JOHS. THOMS GmbH & Co. KG, P&G Food Industries, Rabeler Fruchtchips GmbH, Van Drunen Farms, and Z Natural Foods are among the well-established players in the global banana flakes market.
The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread around the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, Spain, France, and Germany are among the worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in June 2020, approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Food & beverage is one the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic. China is the global manufacturing hub and is the largest raw material supplier for various industries; however, it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various banana flakes companies. The overall market break down due to COVID-19 is also affecting the banana flakes market growth due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
The report segments the global banana flakes market as follows:
By Nature
- Organic
- Conventional
By Application
- Food and Beverages Industry
- Household
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- UK
- France
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of South America
Table of Contents
1. Introduction
3. Research Methodology
4. Banana Flakes Market Landscape
5. Banana Flakes Market - Key Market Dynamics
6. Banana Flakes- Global Market Analysis
7. Banana Flakes Market Analysis - By Nature
8. Banana Flakes Market Analysis - By Application
9. Global Banana Flakes Market Analysis - By Distribution Channel
10. Banana Flakes Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on Global Banana Flakes Market
12. Key Company Profiles
13. Appendix
Companies Mentioned
- Bata Foods B.V
- Diana Group
- Futurcorp S.A
- Ingredient Inc.
- Naturkostbar KG
- JOHS. THOMS GmbH & Co. KG
- P&G Food Industries
- Rabeler Fruchtchips GmbH
- Van Drunen Farms
- Z Natural Foods
