According to a recent report by Future Market Insights, a
market research and competitive intelligence provider, sales of Banana
Flakes are estimated to reach a value of USD 810 million by 2032,
surging at 4.6% CAGR through the decade.
The growing demand for organic goods in both developed and
developing countries has a big influence on the global banana flakes market. As
people become even more increasingly health – conscious across the world, there
is a growing desire for healthier foods.
Organic food consumption is becoming more popular throughout
the world, with people becoming more interested in organic production
practices. Growing market for gluten-free, organic, and nutritious products is
anticipated to raise the demand for banana flakes over the next decade.
The growth of fast service local restaurants outlets in
emerging countries including the Middle East and Africa, as well as Asia and
the Pacific, has resulted in a favourable shift in demand for banana flakes as
a healthy fast food alternative.
This trend is expected to continue and extend throughout
developed regions in the coming years. Despite the fact that conventional is
the more popular source in terms of units eaten, the organic category is
projected to grow at the rapid pace in terms of revenue throughout the forecast
period.
Key Takeaways from Market Study
- Banana
flake consumption in India is predicted to expand at an annual pace of
over 8%.
- With
a growth expected to surpass 6%, Germany is one of the most important countries
in the European Snack Pellets market.
- During
the forecast period of 2022-2032, the organic category is predicted to
develop at the fastest rate in terms of value, with a CAGR of 6.5 percent.
- As
banana flakes are gluten-free, their popularity is predicted to grow as a
result of their health benefits.
- Market
players are experimenting with new ways on increasing production capacity
and also doing research and innovation to create products.
“ The growing focus on the
consumption of organic food products in developed regions such as Europe and
North America is likely to open lucrative opportunity for market players in the
long run”, –says a lead analyst at Future Market Insights.
Competitive Landscape
Banana flakes have a strongly competitive global market. To
stay ahead of the game and outperform their competitors, businesses are using
innovative methods such as expanding their worldwide client base and utilising
various advertising approaches.
They’re focusing on increasing production capacity and also
doing research and innovation to create products that highlight the nutritional
advantages of banana flakes.
Some of the leading companies offering Snack Pellets are
Orkla Group, Raeler Fruchtchips GmbH, Om Foods Inc, Van Duren Farms,
Johs. Thoms GmbH & Co. KG, Tradal Brazil, Z Natural Foods,
Symrise, Seawind International LLC, VINJ-Food,Dermasal.,
Nutritional Designs, Inc., Futurcorp S.A., Cosmo Foods, Agro America, and
Grupo Industrial Michel.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an
unbiased analysis of the banana flakes presenting historical demand data
(2017-2021) and forecast statistics for the period from 2022-2032.
Source:
- Organic
- Conventional
Application:
- Household
- Food
& Beverage Industry
- Other
Application
Sales Channel:
- Direct
Sales
- Indirect
Sales
Region:
- North
America
- Latin
America
- Europe
- Japan
- Asia
Pacific Except Japan-APEJ
- Middle
East and Africa-MEA
Read More: https://www.futuremarketinsights.com/reports/banana-flakes-market