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Australia Banana Market Size, Share, Analysis, Forecast: By Type: Organic Bananas, Plantains, Regular Bananas, Processed Bananas, Others; By Application: Banana Pulp, Banana Processing, Banana Concentrate, Banana Powder, Banana Wafers, Banana Wine, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Australia Banana Market Outlook
The Australia banana market size reached 375.32 tons in 2023. The market is further projected to grow at a CAGR of 0.7% between 2024 and 2032, reaching a volume of 402.03 tons by 2032.
Key Takeaways
- 95% of Australian households purchased bananas in the financial year ending June 2021.
- Approximately 362,000 tonnes of fresh bananas, valued at USD 597 million, were sold by Australian growers in the 2020–2021 fiscal year.
- 94% of Australia's bananas are produced in Queensland. The Atherton Tablelands, the Cassowary Coast (Tully, Innisfail, and Kennedy), and Lakeland (north of Cairns) are Queensland's main growing regions.
The banana market is projected to expand at a promising CAGR due to the increasing demand for healthy and convenient snacks. Bananas are rich in essential nutrients, such as potassium, vitamin C, and dietary fibre, which contribute to their popularity among health-conscious consumers. Also, as consumers become more environmentally conscious, banana growers who adopt sustainable farming practices are likely to see increased demand for their products.
Moreover, the Australian government has approved a genetically modified Cavendish banana designed to combat Panama Disease TR4, which could potentially increase the Australia banana market growth by protecting crops from diseases and increase overall production.
The Australian banana market includes a segment for organic bananas, which cater to consumers looking for pesticide-free and environmentally friendly produce. Organic bananas are grown without synthetic chemicals and pesticides, appealing to a niche market segment that prioritises sustainability and health. Plantains are another significant segment in the Australian banana market. Like regular bananas, plantains are starchier and often used in cooking due to their versatility. They are a staple in many cuisines and offer a unique flavour profile compared to regular bananas.
Regular bananas, such as the popular Cavendish variety, dominate the Australian banana market share, representing a significant portion of production and consumption. These bananas are widely consumed across the country and are a staple fruit in many households. The Cavendish banana accounts for approximately 97% of the total production. Other varieties, such as Lady Fingers, Red Dacca, Goldfinger, Sucrier, Ducasse, and Plantains, make up the remaining 3%.
Processed bananas segment includes various banana products like banana chips, banana puree, and banana powder. Processed bananas offer convenience and versatility in culinary applications, catering to consumer preferences for ready-to-eat or easy-to-use banana products.
Market Segmentation
Australia Banana Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Organic Bananas
- Plantains
- Regular Bananas
- Processed Bananas
- Others
Market Breakup by Application
- Banana Pulp
- Banana Processing
- Banana Concentrate
- Banana Powder
- Banana Wafers
- Banana Wine
- Banana Puree
- Banana Chips
- Banana Beer
- Others
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Online
- Speciality Store
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Market players are focused on expanding their production capabilities to enhance their share, revenue, and stay ahead in the competition.
- Pacific Coast Eco Bananas
- ROYAL NUT COMPANY
- Nuts About Life Pty Ltd
- Woolworths Group Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
|
| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Banana Market Overview
8.1 Key Industry Highlights
8.2 Australia Banana Historical Market (2018-2023)
8.3 Australia Banana Market Forecast (2024-2032)
9 Australia Banana Market by Type
9.1 Organic Bananas
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Plantains
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Regular Bananas
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Processed Bananas
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Australia Banana Market by Application
10.1 Banana Pulp
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Banana Processing
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Banana Concentrate
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Banana Powder
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Banana Wafers
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Banana Wine
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Banana Puree
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
10.8 Banana Chips
10.8.1 Historical Trend (2018-2023)
10.8.2 Forecast Trend (2024-2032)
10.9 Banana Beer
10.9.1 Historical Trend (2018-2023)
10.9.2 Forecast Trend (2024-2032)
10.10 Others
11 Australia Banana Market by Distribution Channel
11.1 Hypermarkets and Supermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Online
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Specialty Store
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Australia Banana Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Pacific Coast Eco Bananas
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 ROYAL NUT COMPANY
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Nuts About Life Pty Ltd
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Woolworths Group Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Banana Market: Key Industry Highlights, 2018 and 2032
2. Australia Banana Historical Market: Breakup by Type (Tons), 2018-2023
3. Australia Banana Market Forecast: Breakup by Type (Tons), 2024-2032
4. Australia Banana Historical Market: Breakup by Application (Tons), 2018-2023
5. Australia Banana Market Forecast: Breakup by Application (Tons), 2024-2032
6. Australia Banana Historical Market: Breakup by Distribution Channel (Tons), 2018-2023
7. Australia Banana Market Forecast: Breakup by Distribution Channel (Tons), 2024-2032
8. Australia Banana Historical Market: Breakup by Region (Tons), 2018-2023
9. Australia Banana Market Forecast: Breakup by Region (Tons), 2024-2032
10. Australia Banana Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 375.32 tons.
The market is expected to grow at a CAGR of 0.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 402.03 tons by 2032.
The market is being driven due to rising production of bananas in the country, increasing use of bananas in making snacks, such as banana chips, and the health benefits offered by bananas.
Key trends aiding the market expansion are development of genetically modified bananas, adoption of sustainable farming practices, and rising purchasing levels of bananas.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different distribution channels in the market are hypermarkets and supermarkets, online, speciality store, among others.
Based on applications, the market segmentations include banana pulp, banana processing, banana concentrate, banana powder, banana wafers, banana wine, banana puree, banana chips, and banana beer.
Organic bananas, plantains, regular bananas, and processed bananas are considered in the report.
Key players in the market are Pacific Coast Eco Bananas, ROYAL NUT COMPANY, Nuts About Life Pty Ltd, and Woolworths Group Limited, among others.
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