Banana Flakes Market

Banana Flakes Market: Conventional Source to Touch a Billion Metric Tons Benchmark in the Coming Years: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

The global banana flakes market is highly influenced by the growing demand for organic products from developed region as well as developing regions. With the growing health consciousness among consumers across the globe, the demand for healthier food items is gaining traction. As banana flakes form a crucial part in the production of cereals and other fruit based food products, its demand is likely soar in the coming years. The trend of consuming organic food products is gaining traction all over the globe with consumers focusing more on the organic sources of food production. This trend is expected to continue over the coming years and spread widely through developed regions. Although in terms of unit consumed, conventional remains the leading source, organic segment is likely to register a CAGR of 6.5% during the forecast period of 2017-2027 thus registering the fastest growth rate among the two in terms of value. In terms of volume also, the CAGR of organic source segment is projected to surpass the conventional source segment.

Developed Regions to be Key Consumers of Organic Banana Flakes  

A fascinating trend was noted between 2014 and 2015 when the demand for banana flakes was extensively high in Russia and Poland, especially from the organic sources. In order to cater to the Herculean demand for banana flakes arising from these countries, the producers of banana flakes were compelled to use fresh bananas and thus meet the demand of the consumers. The trend of organic and herbal products has taken over the taste of consumers at present and in spite of being expensive, the demand for organic was quite high in these countries and is expected to remain the same in the years ahead. This trend can be seen proliferating in the developed regions of North America, Eastern Europe, and Western Europe. The use of banana flakes is considerably high as a raw material in the bakery industry and in other products such as yoghurt and ice cream in the dairy industry in Europe, thus pushing Europe up in the game.

banana flakes market

In spite of organic sources witnessing the fastest growth rate both in terms of volume and value, conventional sources will retain its reigning position over the global banana flakes market over the course of the forecast period. The growing consumption of conventional source based banana flakes can be attributed to its inexpensive nature and wide availability, especially across developing regions such as the Middle East and Africa and Asia Pacific. However, in terms of value, North America is expected to catch up in the game and surpass the Middle East and Africa by the end of 2027, thus gaining the third position after Asia Pacific and Western Europe.

Demand for Healthy and Organic Infant Nutrition to Boost Market Development

The food and beverage industry is the core end user of banana flakes. In the food and beverage industry, the segments that are the leading consumers of banana flakes are bakery and confectionery and infant nutrition. Although bakery and confectionery is the leading segment, infant nutrition has caught pace with it exhibiting the second leading CAGR after dairy products. It is expected to touch a valuation of US$214.4 Mn by the end of 2027 in comparison to the valuation of US$398.3 Mn of the bakery and confectionery segment. The growth of the infant nutrition segment can be attributed to the growing focus of parents on providing their children with better quality and healthy food which are fruit based. The inclination of these parents, which can be seen as a part of the ongoing trend towards organic food products is likely to push the sales of organic infant nutrition in spite of it being expensive than the conventional ones.

A report published by Future Market Insights on global banana flakes market provides detailed analysis of the global banana flakes market in order to assist the reader to make important decisions regarding the market. It assists the reader by delivering an unbiased approach of the trends that have been prevailing in the market through extensive primary and secondary research from credible sources. The information collected undergoes several scrutiny stages, thus leaving no loop holes and having a high degree of accuracy. Each piece of information can be employed as an essential asset as it presents the reader with high value insight pertaining to the present, future, as well as part of the market. The report also presents a historical growth trajectory of the market along with the future forecasts, thus making it unique.

Banana Flakes Market: Report Structure

The report delivers a comprehensive overview of the market comprising an executive summary that sketches out the core trends evolving in the market. It further talks about aspects such as drivers, restraints, and opportunities that have been observed in the market throughout its evolution period and that is likely to have an impact in the long run as well. It also presents figures pertaining to the volume, value and growth rate of the market from a historical as well as futuristic point of view. It also highlights the leading among all the segments that the market has been segmented into. The stages that each segment is in is also mentioned in the report, thus detailing every aspect of the market minutely and meticulously. It further provides analysis on the basis of the market scenario, pricing, and also presents a value chain analysis of the product in consideration. A year wise growth of the market has also been offered in the report for the reader to be well aware of the changing dynamics of the market.

Banana Flakes Market: Segmental Overview

Region

Application

Source

Sales Channel

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific

  • Middle East and Africa

  • Household

  • Food & Beverage Industry

  • Others

  • Organic

  • Conventional

  • Direct Sales

  • Indirect Sales

Banana Flakes Market: Research Methodology

The report is the end product of meticulous and diligent research work of the author from credible sources. The information presented has been monitored and scrutinized by industry analysts of FMI. The data that has been presented here has been collected from various credible and reliable primary and secondary sources. The numeric data has also been verified by the analysts and can be used to make valuable strategic decisions.

Banana Flakes Market: Vendor Landscape

The report offers an inclusive insight on the competitive landscape of the global banana flakes market. It highlights the competition prevailing among the present market players and also puts emphasis on the future scenario of the market. The profile of the market players has been based on a rigorous SWOT analysis along with product portfolio, company outlook, financial information, strategies, and core developments.