Banana Flakes Market: Size, Share, Growth, Trends, and Forecast, 2017–2025
Sarasota, FL -- (SBWIRE) -- 10/11/2018 -- Global Banana Flakes Market: Overview
Banana flakes are primarily derived from natural or organic ripened bananas. They are mainly rich in minerals, such as iron, potassium, calcium, magnesium, and zinc. Bananas flakes are likely to contain 3% water and are considered to have low-fat content. They are also gluten-free.
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Global Banana Flakes Market: Growth Factors
The global banana flakes market is extremely influenced by the increasing demand and popularity of organic items both from developed and developing countries. With increasing health awareness among customers across the world, the demand and popularity for healthier food products are likely to gain traction. As banana flakes are a vital part for the production of cereals and other fruit-based food items, their demand and popularity are likely to increase in the future. The trend of eating organic food is becoming popular all over the world, with customers focusing more and more on the organic/natural sources majorly for food production. This development is anticipated to continue in the upcoming years and spread extensively throughout the developed countries.
Global Banana Flakes Market: Segmentation
The global banana flakes market can be classified based on application, nature, and distribution channel. Based on nature, the global banana flakes market can be divided into conventional and organic. Owing to the increasing demand and popularity for organic food products from the retail and food industries, the volume share, mainly for the organic banana flakes, is anticipated to be much higher than the conventional division. Based on application, this market can be categorized into the food industry, household, beverages, and others (animal feed sector). The food sector can be further sub-divided into dairy products, infant nutrition, bakery & confectionery, breakfast cereals, and others.
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This is due to the huge application of banana flakes in the food sector. The global market value sales for the food sector have been projected to be much higher than other sectors. On the basis of the distribution channel, the global banana flakes market can be classified into direct and indirect channels. The indirect channel segment can be further sub-divided into specialty stores, supermarkets/hypermarkets, e-retailers, and others (specialty and club stores). The global banana flakes market has its major distribution flow in the latest trade stores, like convenience and hypermarket/supermarket stores, that are easily available to the target consumers. Owing to increasing internet access in the recent past worldwide, distribution via e-retailers are projected to increase in the global market.
Global Banana Flakes Market: Regional Analysis
The global banana flakes market has been fragmented into five main regions including Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. There is an increase in the consumption rate of banana as well as its different forms in North America, Asia Pacific, and Europe. Furthermore, club stores will likely experience a reasonable distribution of the global banana flakes mainly in North America. Therefore, the volumes sales of banana flakes in these areas are at the much higher end. Major companies like Nestle, Coco-Cola, DANONE, etc. are being regarded as the most dominant players in infant food, breakfast cereals, and soft drinks segments. These companies are based in foremost parts of Europe and North America regions. Thus, both these regions show a high growth potential in the upcoming years. The fact that banana flakes are being utilized as the most significant ingredient in beverages, smoothies, breakfast cereals food items, an increase in the demand and popularity of banana flakes is expected in Europe and North America.
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Global Banana Flakes Market: Competitive Players
Some of the most important market players in the global banana flakes market are BIOVEA, BATA Foods, Futurcorp S.A., Z Natural Foods LLC, Diana Group, Ingredient Inc., Chiquita Brands International, Johs Thoms GmbH & Co. KG, Rabeler Fruchtchips GmbH, Naturkostbar KG, and others.
Global Banana Flakes Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa