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The global banana flakes market witnessed a healthy growth in the historical period of 2018-2023, 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 2024-2032.
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The volume sales of banana flakes in countries like India, Australia, North America, and the European Union are at the higher end. The demand for banana flakes has been rising rapidly, owing to the growing popularity of organic food. The use of banana flakes is considerably high as a raw material in the bakery and dairy industry in Europe, thus pushing the demand forward for the product. Companies like Nestle and Danone are the significant manufacturers of breakfast cereals and infant food, in which the product finds significant use. Most of these companies are based in the developed nations of the North American and European markets, thus, driving the supply of banana flakes upward. Moreover, the presence of well-developed distribution channels in these countries is propelling the market forward.
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Banana flakes are derived from naturally ripened bananas which are then carefully dehydrated. They are characterized by their high content of fibres and minerals like potassium, iron, magnesium, calcium, and zinc, as well as many trace elements and vitamins (A, B, B6, B9, C, and E).
Based on nature, the market is bifurcated into:
Based on distribution channels, the industry is segmented into:
Based on application, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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With the growing health consciousness among consumers, the demand for healthier food items like banana flakes is gaining traction. Banana flakes are gluten-free, which has led to their adoption by patients suffering from cardiovascular diseases and people suffering from gluten allergies. The market has also shown growth in the infant nutrition segment, which can be attributed to the growing focus of parents on providing their children with nutritious food. The trend of consuming organic food is becoming popular across the world; thus, further aiding the rapid growth of the market. Moreover, abundant farming of bananas across several regions has resulted in an increased production of these products. These factors are significantly boosting the market growth.
Key Industry Players in the Global Banana Flakes Market
The report gives a detailed analysis of the following key players in the global banana flakes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
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 Nature |
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Breakup by Distribution Channel |
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Breakup by Application |
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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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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the industry, such as growing health consciousness, rising middle class population, increasing demand from the dairy and bakery sectors, and growing adoption of nutritious food for infants, are expected to aid the market growth.
The key trend driving the growth of the industry includes the growing demand for organic food products.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
The leading nature types in the industry are organic and conventional.
Supermarkets and hypermarkets, convenience stores, speciality stores and online, among others, are the major distribution channels for the product.
The significant application sectors in the industry are beverage, food, and feed, among others.
The major players in the industry are Diana Group, Dermasal, Rabeler Fruchtchips GmbH, Certifications Naturkostbar AG, and Z Natural Foods LLC., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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