Banana Flakes Market Size, Share, Trends, Growth and Forecast 2032

Banana Flakes Market Insights

According to 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 report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Banana Flakes industry over the next decade.

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Global Banana Flakes Market: Overview

Banana flakes are made from usually aged bananas that are purposely processed by drying out to preserve the flavour and safe value of the drops. These drops are known for their stable profile and are rich in minerals such as calcium, magnesium, iron, potassium , and zinc. In addition, banana chips contain large amounts of minor components in addition to nutrients such as A, B, B9, B6 , C and E and higher fibre and potassium. Banana fragments are increasingly being used by the food & beverage industry in the preparing of breakfast products, coffee smoothies, infant baby food, and other nutritional products.

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Global Banana Flakes Market: Growth Factors

Demand on the global market for banana flakes has risen at a very high pace due to the medicinal benefits of these declines. The prolific planting of bananas over a few territorial pockets has contributed to an increased production of banana-based products. In addition, the satisfaction of the bulk of these products has compelled the designers to create them gracefully. Attributing to the above-mentioned factors, the global demand for bananas flakes is focused on the aggregated level of sales in the coming years.

Banana drops are made from normal or popular aged bananas and are a rich source of essential minerals, such as calcium, magnesium , copper, potassium and zinc this consideration is further applied to the scent of innovations in the world market for banana chips in the years to come. The low-fat content of banana parts has prompted well-being individuals to use it as night snacks. In addition, banana drops are gluten-free, which has added to the selection of patients with cardiovascular disease. The income record of the world market for banana flakes is projected to be improved in the years to come.

Global Banana Flakes Market: Segmentation

The Banana Flakes market is fragmented based on nature, distribution, and application.

On basis of nature the market is divided into organic and conventional. In 2019, the conventional category dominated the demand for banana flakes; however, the organic sector is anticipated to expand at higher CAGR levels over the time frame.

Additionally on the basis of application the market is bifurcated into food & beverages industry, household, and others. The food and beverage segment retained the largest share of the global demand for banana flakes in 2019, while the household segment is expected to record the highest CAGR in the near future.

Further, the distribution channel segment is bifurcated into supermarket/hypermarket, online, specialty stores, and others.

Region-wise, the global market is segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

Banana Flakes Market: Report Scope

Global Banana Flakes Market: Regional Analysis

North America added to the highest offering on the global market for banana parts in 2019. The rapid growth of the food and beverage industry in the continent is fundamentally credited to the creation of the demand for banana flakes in this region. Increased interest in balanced and dietary food products among well-being customers is another important factor driving the growth of the demand for banana pieces in North America. In addition, the growth of a tendency towards a solid breakfast and lodging of food items is projected to raise the interest in the world market for banana flakes.

Global Banana Flakes Market: Competitive Players

Some main participants of the Banana Flakes market-

• Ingredient Inc.
• Futurcorp S.A.
• Diana Group
• Dermasal
• Chiquita Brands International
• Certifications Naturkostbar AG
• Bata Food B.V.
• Z Natural Foods
• Van Drunen Farms
• Rabeler Fruchtchips Gmbh
• P&G Food Industries
• Naturkostbar KG
• Johs Thoms GmbH & Co. KG among others.

The global Banana Flakes market is segmented as follows:

By Nature

• Organic
• Conventional

By Application

• Household
• Food and Beverages Industry
• Others

By Distribution Channel

• Supermarket/Hypermarket
• Specialty Store
• Online
• Others

Banana Flakes Market: Regional Segment Analysis

• 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