25-Sep-2020 | Zion Market Research
As per researchers from Zion Market Research, the global banana flakes market is projected to develop at a CAGR of about 4.4% during the forecasted period (2020–2026). 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, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/banana-flakes-market
The global banana flakes market is segmented as follows:
By source type:
By distribution channel:
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