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Banana Flakes Market Overview
Banana Flakes market size was estimated at $682 million in 2020, and it is projected to grow at a CAGR of 4.5% during the forecast period 2021-2026. Banana flakes are derived from organic and naturally ripened bananas. It contains more amounts of nutrition such as potassium, protein, fiber, carbohydrates and vitamins such as A, B, B6, C and E, and minerals like calcium, magnesium, iron, zinc and folate. Banana flakes has several health benefits as it helps to reduce and manage diarrhoea without stopping or slowing gut motility, relieving heartburn symptoms, stimulating appetite also helps to form firm stools. Banana flakes are commonly used in food & beverages industry in the preparation of breakfast cereals, desserts, smoothies, infant nutrition, and others. Increasing consumption of banana flakes owing to low fat and gluten free coupled with rising demand for healthy, nutritional and organic food products are the major factors driving the growth of the market. Increasing health consciousness among the people coupled with changing lifestyle of the people is set to further enhance the overall market development of the Banana Flakes Market for the period 2021-2026.
Report Coverage
The report: “Banana Flakes Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Banana Flakes Market.
By Nature: Organic and Conventional
By Application: Household, Food and Beverages, and Others.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)
Key Takeaways
- Asia-Pacific dominated the Banana Flakes Market in 2020 owing to growing preference of the people towards healthy food products. The Banana Flakes Market scope for different regions will be provided in the final report.
- Increasing demand of banana flakes for infant nutrition food products are set to aid the market growth of the Banana Flakes Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Banana Flakes Market report.
- Availability of substitute products and high price of banana flakes is poised to create the hurdles for the Banana Flakes Market.
Banana Flakes Market Revenue Share, By Geography, 2020 (%)
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Banana Flakes Market Segment Analysis – By Application
On the basis of application, the Banana Flakes market is categorized into Household, Food and Beverages, and Others. Food and Beverages held the largest share in the Banana Flakes market in 2020. Banana flakes are widely used in food and beverage industry including bakery & confectionery, infant nutrition, dairy products, breakfast cereals, and others owing to its nutritional benefits. Also banana flakes are used in smoothies along with oats or corn flakes as well as it is used in various bakery products such as coconut banana cream pie, banana bars, breakfast cookies, and pancakes thereby increasing Banana Flakes market. However, Household is estimated to register higher CAGR of 6.8% during the forecast period 2021-2026 owing to rising demand for healthy food products as it helps to improve digestive health.
Banana Flakes Market Segment Analysis – By Distribution Channel
By distribution channel, the Banana Flakes market is further segmented as Supermarkets/ Hypermarkets, Convenience Stores, Online Retail Stores, and Others. Supermarkets/Hypermarkets held the largest share in the Banana Flakes market in 2020. Supermarkets/Hypermarkets offer better brand visibility, easy shopping experience and the availability of a wide range of products and brands thereby increasing Banana Flakes market. However, Online Retail Stores is estimated to register higher CAGR of 7.2% during the forecast period 2021-2026 owing to Online Retail Stores provides more discounts and wider options to purchase.
Banana Flakes Market Segment Analysis – By Geography
Asia-Pacific dominated the Banana Flakes market with a major share of 34% in 2020. This is attributed to increasing growth of food and beverage industries in this region coupled with growing production of bananas in countries such as India, china. According to Food and Agriculture Organization (FAO), India is the world's largest producer of bananas, producing 29.7 million metric tons on 0.84 million hectares of land. Furthermore, growing urbanization, and rising disposable income of the people which are contributing to the growth of the market in this region.
However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the changing preference of the people towards healthy breakfast in this region contribute the growth in this region. Increasing spending capacity of the people is also increasing the growth of the market in this region.
Banana Flakes Market Drivers
Increasing Consumption of Banana Flakes.
Increasing consumption of banana flakes owing to nutritional benefits as it is rich in vitamins (A, B, B6, C, and E), iron, potassium, calcium, zinc, and magnesium is increasing the growth of the Banana Flakes Market. Additionally, frequent consumption of banana flakes will reduce the risk of colon cancer as banana flakes contain a high amount of fibers which helps to reduce risk of colon cancer is also practiced to increase the growth of the Banana Flakes market during the forecast period 2021-2026. According to the Center for Disease Control and Prevention (CDC), in America, colon cancer is the second leading cause of death.
Rising Prevalence of Cardiovascular Diseases.
Increasing prevalence of cardiovascular diseases such as strokes and heart attack is increasing the growth of the Banana Flakes market. In banana flakes potassium is present which tackles the narrowing and hardening of arteries as a result it reduces the risks of strokes and heart attacks. According to World Health Organization (WHO), cardiovascular diseases are the leading cause of death across the globe and around 17.9 million people die per year due to cardiovascular diseases. Moreover, banana flakes helps to reduce and manage diarrhoea so that consumers are increasingly including banana products in their diet thereby increasing the growth of the Banana Flakes Market during the forecast period 2021-2026.
Banana Flakes Market Challenges
Availability of Substitutes
Major factor that is set to impede the growth of the Banana Flakes market is availability of substitute such as corn flakes in market. Another factor which hamper the growth of market is high price of organic banana flakes.
Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Banana Flakes Market. In 2020, the Banana Flakes Market share is consolidated by the top ten players present in the market. The Banana Flakes Market, top 10 companies are, Diana Group, Futurcorp S.A., Orkla Group, Z Natural Foods, Naturkostbar KG, Ingredient Inc., Naturkostbar KG., Z Natural Foods, Van Drunen Farms, & Co. KG, Naturkostbar KG
Development:
- In February 2020, Bunge Ltd., Van Drunen Farms, leading player in agriculture, food science, and dehydrating fruits, vegetables, and grains has partnered with FutureCeuticals to expand their product distribution network in worldwide.
Relevant Titles:
Report Code: FBR 62512
Report Code: FBR 0526
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1. Banana Flakes Market - Overview
1.1 Definitions and Scope
2. Banana Flakes Market - Executive Summary
2.1 Market Revenue and Key Trends
2.2 Key trends by Nature
2.3 Key trends by Application
2.4 Key trends by Distribution Channel
2.5 Key trends by Geography
3. Banana Flakes Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis- Average Selling Price
4. Banana Flakes Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Banana Flakes Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Banana Flakes Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Banana Flakes Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Banana Flakes Market – By Nature(Market Size –$Million/$Billion)
8.1 Organic
8.2 Conventional
9. Banana Flakes Market - By Application (Market Size –$Million/$Billion)
9.1 Household
9.2 Food and Beverages
9.2.1 Infant Nutrition
9.2.2 Breakfast Cereals
9.2.3 Dairy
9.2.4 Confectionery
9.2.5 Others
9.3 Others
10. Banana Flakes Market - By Distribution Channel (Market Size –$Million/$Billion)
10.1 Supermarkets/Hypermarkets
10.2 Convenience Stores
10.3 Online Retail Stores
10.4 Others
11. Banana Flakes Market - By Geography(Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Mexico
11.1.3 Canada
11.2 Europe
11.2.1 U.K.
11.2.2 France
11.2.3 Germany
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Banana Flakes Market - Entropy
13. Banana Flakes Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Competition Matrix
13.1.5 Best Practices for Companies
14. Banana Flakes Market – Key Company List by Country Premium Premium
15. Banana Flakes Market Company Analysis Analysis(Company Revenue, Product, M&A, Developments)
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Banana Flakes Market Historical Analysis and Forecast , By Source Market 2019-2024 ($M)1.1 Organic Market 2019-2024 ($M) - Global Industry Research
1.2 Conventional Market 2019-2024 ($M) - Global Industry Research
2.Global Banana Flakes Market Historical Analysis and Forecast, By Distribution Channel Market 2019-2024 ($M)
2.1 Direct Market 2019-2024 ($M) - Global Industry Research
2.2 Indirect Market 2019-2024 ($M) - Global Industry Research
2.2.1 Modern Trade Market 2019-2024 ($M)
2.2.2 Convenience Stores Market 2019-2024 ($M)
2.2.3 Specialty Stores Market 2019-2024 ($M)
2.2.4 E Retailers Market 2019-2024 ($M)
2.3 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
2.3.1 Direct Market 2019-2024 ($M)
2.3.2 Indirect Market 2019-2024 ($M)
3.Global Competition Landscape Market 2019-2024 ($M)
4.Global Banana Flakes Market Historical Analysis and Forecast , By Source Market 2019-2024 (Volume/Units)
4.1 Organic Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Conventional Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Banana Flakes Market Historical Analysis and Forecast, By Distribution Channel Market 2019-2024 (Volume/Units)
5.1 Direct Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Indirect Market 2019-2024 (Volume/Units) - Global Industry Research
5.2.1 Modern Trade Market 2019-2024 (Volume/Units)
5.2.2 Convenience Stores Market 2019-2024 (Volume/Units)
5.2.3 Specialty Stores Market 2019-2024 (Volume/Units)
5.2.4 E Retailers Market 2019-2024 (Volume/Units)
5.3 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
5.3.1 Direct Market 2019-2024 (Volume/Units)
5.3.2 Indirect Market 2019-2024 (Volume/Units)
6.Global Competition Landscape Market 2019-2024 (Volume/Units)
7.North America Banana Flakes Market Historical Analysis and Forecast , By Source Market 2019-2024 ($M)
7.1 Organic Market 2019-2024 ($M) - Regional Industry Research
7.2 Conventional Market 2019-2024 ($M) - Regional Industry Research
8.North America Banana Flakes Market Historical Analysis and Forecast, By Distribution Channel Market 2019-2024 ($M)
8.1 Direct Market 2019-2024 ($M) - Regional Industry Research
8.2 Indirect Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Modern Trade Market 2019-2024 ($M)
8.2.2 Convenience Stores Market 2019-2024 ($M)
8.2.3 Specialty Stores Market 2019-2024 ($M)
8.2.4 E Retailers Market 2019-2024 ($M)
8.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
8.3.1 Direct Market 2019-2024 ($M)
8.3.2 Indirect Market 2019-2024 ($M)
9.North America Competition Landscape Market 2019-2024 ($M)
10.South America Banana Flakes Market Historical Analysis and Forecast , By Source Market 2019-2024 ($M)
10.1 Organic Market 2019-2024 ($M) - Regional Industry Research
10.2 Conventional Market 2019-2024 ($M) - Regional Industry Research
11.South America Banana Flakes Market Historical Analysis and Forecast, By Distribution Channel Market 2019-2024 ($M)
11.1 Direct Market 2019-2024 ($M) - Regional Industry Research
11.2 Indirect Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Modern Trade Market 2019-2024 ($M)
11.2.2 Convenience Stores Market 2019-2024 ($M)
11.2.3 Specialty Stores Market 2019-2024 ($M)
11.2.4 E Retailers Market 2019-2024 ($M)
11.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Direct Market 2019-2024 ($M)
11.3.2 Indirect Market 2019-2024 ($M)
12.South America Competition Landscape Market 2019-2024 ($M)
13.Europe Banana Flakes Market Historical Analysis and Forecast , By Source Market 2019-2024 ($M)
13.1 Organic Market 2019-2024 ($M) - Regional Industry Research
13.2 Conventional Market 2019-2024 ($M) - Regional Industry Research
14.Europe Banana Flakes Market Historical Analysis and Forecast, By Distribution Channel Market 2019-2024 ($M)
14.1 Direct Market 2019-2024 ($M) - Regional Industry Research
14.2 Indirect Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Modern Trade Market 2019-2024 ($M)
14.2.2 Convenience Stores Market 2019-2024 ($M)
14.2.3 Specialty Stores Market 2019-2024 ($M)
14.2.4 E Retailers Market 2019-2024 ($M)
14.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
14.3.1 Direct Market 2019-2024 ($M)
14.3.2 Indirect Market 2019-2024 ($M)
15.Europe Competition Landscape Market 2019-2024 ($M)
16.APAC Banana Flakes Market Historical Analysis and Forecast , By Source Market 2019-2024 ($M)
16.1 Organic Market 2019-2024 ($M) - Regional Industry Research
16.2 Conventional Market 2019-2024 ($M) - Regional Industry Research
17.APAC Banana Flakes Market Historical Analysis and Forecast, By Distribution Channel Market 2019-2024 ($M)
17.1 Direct Market 2019-2024 ($M) - Regional Industry Research
17.2 Indirect Market 2019-2024 ($M) - Regional Industry Research
17.2.1 Modern Trade Market 2019-2024 ($M)
17.2.2 Convenience Stores Market 2019-2024 ($M)
17.2.3 Specialty Stores Market 2019-2024 ($M)
17.2.4 E Retailers Market 2019-2024 ($M)
17.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
17.3.1 Direct Market 2019-2024 ($M)
17.3.2 Indirect Market 2019-2024 ($M)
18.APAC Competition Landscape Market 2019-2024 ($M)
19.MENA Banana Flakes Market Historical Analysis and Forecast , By Source Market 2019-2024 ($M)
19.1 Organic Market 2019-2024 ($M) - Regional Industry Research
19.2 Conventional Market 2019-2024 ($M) - Regional Industry Research
20.MENA Banana Flakes Market Historical Analysis and Forecast, By Distribution Channel Market 2019-2024 ($M)
20.1 Direct Market 2019-2024 ($M) - Regional Industry Research
20.2 Indirect Market 2019-2024 ($M) - Regional Industry Research
20.2.1 Modern Trade Market 2019-2024 ($M)
20.2.2 Convenience Stores Market 2019-2024 ($M)
20.2.3 Specialty Stores Market 2019-2024 ($M)
20.2.4 E Retailers Market 2019-2024 ($M)
20.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
20.3.1 Direct Market 2019-2024 ($M)
20.3.2 Indirect Market 2019-2024 ($M)
21.MENA Competition Landscape Market 2019-2024 ($M)
LIST OF FIGURES
1.US Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)2.Canada Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
3.Mexico Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
4.Brazil Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
5.Argentina Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
6.Peru Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
7.Colombia Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
8.Chile Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
9.Rest of South America Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
10.UK Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
11.Germany Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
12.France Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
13.Italy Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
14.Spain Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
15.Rest of Europe Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
16.China Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
17.India Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
18.Japan Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
19.South Korea Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
20.South Africa Banana Flakes Sales 2019 Market Revenue, 2019-2024 ($M)
21.North America Banana Flakes Sales 2019 By Application
22.South America Banana Flakes Sales 2019 By Application
23.Europe Banana Flakes Sales 2019 By Application
24.APAC Banana Flakes Sales 2019 By Application
25.MENA Banana Flakes Sales 2019 By Application