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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.
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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.
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