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

According to a new report by EMR titled, ‘Global Banana Flakes Market Report and Forecast 2021-2026’, the global market for banana flakes is expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026.

The global banana flakes industry is anticipated to grow in the forecast period owing to factors, such as the rising demand for organic and healthy food. Customers are increasingly shifting to nutritious fruit-based products for daily consumption. Banana flakes have quickly made their way into the market facilitated by the robust consumption and the ongoing trend of eating organic food across the globe.

The Diana Group is one of the leading producers of banana flakes, which was acquired by Symrise AG (OTCMKTS: SYIEY) in 2014 to meet the company’s rising requirement for natural ingredients to meet the growing demand. In May 2020, Diana Food expanded its range of clean label ingredients in response to increased consumer demands for natural food. The new portfolio, which included flakes, powders, and other culinary preparations, was made possible by the acquisition of the Silverton plant by the company. Thus, such developments and expansions of portfolios are expected to further propel the growth of the market.

Market Analysis by Type, Distribution Channel, Application, and Region:

  • The market based on type can be divided into organic and conventional.
  • The distribution channels for banana flakes include supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others.
  • Based on application, the market is segmented into beverage, food, and feed, among others. 
  • The regional markets for banana flakes include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The banana flakes industry is being driven by the rising demand for healthy and organic nutrition.
  • The rapidly growing focus of parents on providing nutritious food to infants has also aided the market growth.
  • The global trend of the adoption of organic food for a healthier lifestyle is driving the banana flakes industry forward.
  • The market is expected to witness further expansion in the coming years due to a huge increase in consumer demand and complementary production levels.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for banana flakes for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, distribution channels, applications, and regional markets of banana flakes.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global banana flakes market are Diana Group, Dermasal, Rabeler Fruchtchips GmbH, Certifications Naturkostbar AG, and Z Natural Foods LLC., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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