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Banana Flakes Market is projected to reach US$ 1,323.37million and Growing at a CAGR of 4.5% during forecast period 2021-2027

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Banana Flakes Market is projected to reach US$ 1,323.37million and Growing at a CAGR of 4.5% during forecast period 2021-2027

March 08
13:14 2021
The Banana Flakes Industry report provides a basic overview of the market including definitions, classifications, applications and industry chain structure. The Banana Flakes Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status.

The  banana flakes market was valued at US$ 941.74million in 2019and is projected to reach US$ 1,323.37million by 2027; it is expected to grow at a CAGR of 4.5% from 2020to 2027.

Banana flakes are prepared from naturally ripened bananas, which are carefully processed by dehydratingso as to maintain the taste and nutritional value in the flakes. Such flakes are known for their nutritional profile and are rich in minerals such as magnesium, calcium, potassium, iron, and zinc. Additionally, banana flakes comprises of high levels of trace elements  along with vitamins including A, B, B6, B9, C, and E and higher content of fiber and potassium. Banana flakes are increasingly used in food &beverages industry in the preparation of breakfast cereals, desserts, smoothies, infant nutrition, and other food items.

 

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Key Players:

  1. Bata Foods B.V
  2. Diana Group
  3. Futurcorp S.A
  4. Ingredient Inc.
  5. Naturkostbar KG
  6. JOHS. THOMS GmbH & Co. KG
  7. P&G Food Industries
  8. Rabeler Fruchtchips GmbH
  9. Van Drunen Farms
  10. Z Natural Foods

Market Segmentation:

GlobalBanana Flakes Market – by Nature

  • Organic
  • Conventional


Global Banana Flakes Market – by Application

  • Food and Beverages Industry
  • Household
  • Others

 Global Banana Flakes Market – by Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online
  • Others

In 2019, Asia Pacific contributed to the largest share in the global banana flakes market. The growth of the banana flakes market in this region is primarily attributed to the rapid growth of food &beverage industry in the region. Rising demand for healthy and nutritional food products among the health-conscious consumers is another major factor driving the growth of banana flakes market in Asia Pacific. Growing preference towards healthy breakfast and convenience food items is also expected to proliferate the demand for the global banana flakes market.

The reports cover key developments in the Banana Flakes Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

 

The report analyses factors affecting the Banana Flakes Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Banana Flakes Market in these regions.

Moreover, the report entails the estimate and analysis for the Banana Flakes Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Banana Flakes Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

 

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