The new report by Expert Market Research titled, ‘Global Banana Flakes Market Size, Share, Price, Trends, Report and Forecast 2020-2025’, gives an in-depth analysis of the global banana flakes market, assessing the market based on its segments like nature, distribution channels, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4.5%
The global market for banana flakes is postively affected by the increasing demand for organic products from both developed and emerging regions. Due to the increasing health consciousness across the globe, the demand for healthy food products is gaining momentum. Since banana flakes are a key part of cereal production and other fruit-based food items, their demand is likely to increase in the coming years. The trend of consuming organic food products is gaining momentum across the globe, with consumers concentrating more on organic food sources. This pattern is expected to continue and spread widely across developing regions in the coming years. These factors are supporting the growth of the banana flakes market in the coming years.
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Industry Definition and Major Segments
Banana flakes are produced from naturally mature bananas that are carefully dehydrated afterward. They are distinguished by their high content of potassium, iron, magnesium, calcium, and zinc fibres and minerals, as well as many trace elements and vitamins (A, B, B6, B9, C, and E).
On the basis of nature, the industry is divided into:
On the basis of distribution channel, the industry is segmented into:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
On the basis of application, the industry is divided into:
By region, the industry is segmented into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The demand for banana flakes in the global market has been expanding on the back of the increasing banana-based product portfolio. The success of organic foods in recent times has also put banana flakes into the spotlight. The recognition of the health benefits that banana flakes provide is projected to generate excellent growth opportunities within the global banana flakes industry. Manufacturing several cereal styles requires the use of banana flakes, and this aspect is another crucial point from the growth perspective of the market. Due to the increasing popularity of organic products in the region, the demand for banana flakes in North America has been rising at a robust pace. With more significant health benefits, new developmental methodologies are being introduced by the companies, leading to an increase in the banana flakes market.
Key Market Players
The major players in the market are Diana Group, Dermasal, Rabeler Fruchtchips GmbH, Certifications Naturkostbar AG, and Z Natural Foods LLC., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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