Expert Market Research Explores the Top 5 Companies in the Global Banana Flakes Market

The global banana flakes market witnessed a healthy growth in the historical period of 2018-2022, 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 2023-2028.

Banana flakes are a rich source of fruit-based flakes, including potassium, zinc, vitamins, and other minerals. Banana has various health benefits for infants, females, and the elderly population. The banana flakes are used in different food products such as infant food, desserts, and breakfast cereals. They are gluten-free and have low-fat content, contributing to their wide range of applications.

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Currently, the global banana flakes market is observing robust growth on account of increasing demand for bananas which is driving the market growth of banana flakes during the forecast period. The advancement in the food and beverage industry in the past few years and growing health awareness are projected to drive the banana flakes market during the forecast period.

The global banana flakes market is studied under the distribution channel, source, and application. The increased number of health-conscious consumers is expected to raise the demand for fruit-based food products. This is attributed to the growing demand for the organic sourced banana flakes market during the forecast period. The banana flakes market can be segmented by application into food and beverage industries and households, among others. The food and beverage sector is supposed to observe the highest growth during the forecast period due to its numerous food segment applications.

Banana consists of essential nutrients such as potassium, zinc, and other vital minerals and is expected to witness high demand from the consumer. This is expected to showcase high growth during the forecast period. Moreover, the decrease in the average consumer price of bananas from 2014 to 2017 depicts high demand for bananas and drives the need for the banana flakes market.

Rising food and beverage advancements and growing awareness about health is shifting consumers’ focus on hygienic and healthy food products. The banana flakes are a high source of protein and nutrition for a growing population. The banana flakes are used in various food products such as breakfast cereals, ice cream, and other desserts. This is anticipated to drive the banana flakes market during the forecast period. Moreover, the high demand for banana flakes owing to various health benefits is expected to propel the organic banana flakes market during the forecast period.

Top 5 Global Banana Flakes Companies:

Z Natural Foods

Z Natural Foods brings exceptional Organic and All-Natural Superfoods. They carry Moringa, Wheatgrass, Chlorella, Spirulina, Maca, Amla, Acerola, Goji Berries, Maqui, Acai, Noni, Mangosteen, Pomegranate, Triphala, Bee Pollen, Cacao, Vanilla, Sea buckthorn, Coconut Oil and more. Z Natural Foods uses low temperature drying technologies to preserve the vital enzymes and nutrients. Most of its products are packaged in airtight, stand-up, resealable, BPA-free ziplock foil pouches for your convenient storage and optimum freshness.

Orkla ASA

Orkla ASA is a Norwegian conglomerate operating in the Nordic region, Eastern Europe, Asia, and the United States. At present, Orkla operates in the branded consumer goods, aluminium solutions, and financial investment sectors. Orkla ASA is listed on the Oslo Stock Exchange, and its head office is in Oslo, Norway. Orkla’s Branded Consumer Goods business comprises the Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients business areas.

Symrise AG

Symrise develops, produces and sells fragrances and flavorings, cosmetic active ingredients and raw materials as well as functional ingredients and solutions that enhance the sensory properties and nutrition of various products. With a market share of 10 % (2020), Symrise is one of the world's top suppliers in the F&F market. The nearly 30,000 products are mainly produced on the basis of natural raw materials like vanilla, citrus fruits, onions, fish, meat, blossoms and plant materials. 

Chiquita Brands International Sarl

Chiquita Brands International Sàrl, formerly known as Chiquita Brands International Inc., is a producer and distributor of bananas and other produce. The company operates under several subsidiary brand names, including the flagship Chiquita brand and Fresh Express salads. Chiquita is the leading distributor of bananas in the United States.

Procter & Gamble

The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specialises in a wide range of personal health/consumer health and personal care and hygiene products. These products are organised into several segments, including beauty, grooming, healthcare, fabric and home care, and baby, feminine, and family care.

Also Read@ Global Banana Flakes Market to Grow at a CAGR of 4.5% During 2021-2026, Driven by the Increasing Demand for Organic Food