Banana Flakes Market Anticipated To Grow At A CAGR Of Around 5% During 2024- 2032

As per researchers from Zion Market Research, the global Banana Flakes Market was worth USD 520.02 Million in 2023. The market is forecast to reach USD 806.73 Million by 2032, growing at a compound annual growth rate (CAGR) of 5% during the forecast period 2024-2032. The demand in the global market for banana flakes is augmenting at a stout rate owing to the health effects presented by these flakes. The plentiful cultivation of bananas in several regions has induced an intensified manufacturing of the banana-based products. In addition, the inclination toward these products has compelled the producers to surge their supply. Due to these dynamics, the worldwide market for banana flakes is likely to amass voluminous proceeds in the future. The banana flakes are produced from naturally or organically ripened bananas and are a rich source of vital minerals like potassium, calcium, zinc, and magnesium.

Some of the leading players in the market are Ingredient Inc., Diana Group, Z Natural Foods LLC, Johs Thoms GmbH & Co. KG., and Chiquita Brands International.

Rising Awareness For Health Benefits Expected To Boost The Global Banana Flakes Market

The rising demand across the global market for banana flakes is expanding due to the product portfolio of banana-based products. It is anticipated that the consciousness of the masses concerning the health benefits of banana flakes will create commendable development opportunities in the global market. The manufacturing of many kinds of cereals involves the utilization of banana flakes, and this aspect is another important standpoint from the viewpoint of growth. Thus, the market dynamics for banana flakes are predicted to witness a constant demand-uptick in the future.

The global banana flakes market is bifurcated based on the source type, application, distribution channel, and regional analysis. On the basis of source type, the market is divided into conventional and organic. On the basis of application, the market is divided into food & beverages, household, and others. On the basis of the distribution channel, the market is divided into online and offline.

Higher Consumption Of Banana Flakes In The Asia Pacific Region To Boost The Global Banana Flakes Market

Based on geographical analysis, the global banana flakes market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is projected to grab the largest market share in the banana flakes market in the estimated period due to the higher consumption of banana flakes across the region. In addition, the rising demand for infant nutrition food products mainly from Asia Pacific nations like India and China is driving the market development of the banana flakes market in this region. In the North America region, the surging consumers shift toward healthy breakfast and augmenting demand for fruit-based food products is propelling the market expansion of the banana flakes market.

Browse the full “Banana Flakes Market By Nature (Organic and Conventional), By Application (Household, Food and Beverages Industry, and Others), By Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/banana-flakes-market

The global banana flakes market is segmented as follows:

By source type:

• Conventional
• Organic

By application:

• Household
• Food & Beverages
• Others

By distribution channel:

• Online
• Offline

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com