Albany, NY -- (SBWIRE) -- 08/08/2018 -- It has been well identified that there has been increasing health consciousness among consumers across the globe and due to this, the demand for healthier food items is gaining traction. As banana flakes form a crucial part in the production of cereals and other fruit-based food products, its demand is likely to soar in the coming years. Market Research Hub (MRH) has freshly publicized a study titled "Banana Flakes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)" to its vast archive, which offers an in-depth analysis of the market trends, factors in the current market along with industry growth prospects from 2012 to 2016, and forecast to 2027.
In order to provide better and accurate results, the report majorly focuses on some of the prime regions including Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), North America, and the Middle East and Africa (MEA). The market has been forecasted across these regions, based on revenue (US$ Mn) and volume (Million Units) from 2017 to 2027. According to the research evaluations, the global banana flakes market is projected to exhibit a CAGR of 4.5% between 2017 and 2027. In 2016, the market was approximately worth US$ 600 Mn and is expected to rise to a valuation of around US$1 Bn by the end of 2027.
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Firstly, the market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the banana flakes market and could influence the market in the near future. Bananas are considered as one of the most popular and versatile fruits in the world. Nowadays, its extracts are becoming highly popular in the form of banana flakes. Banana flakes are highly used in the food industry in the production of breakfast cereals, thus triggering its demand globally.
In this study, a detailed discussion of the segmentation of the banana flakes market provides readers with a clear view of the various components of the market. The market has been segmented on the basis of source, application, and distribution channel. On the basis of source, the market has been categorized into organic and conventional. By application, the study highlights the household, food & beverages industry, and others. Amongst, the household application segment is expected to grow at a relatively high CAGR through 2026.
From a geographical standpoint, the research finds that the Asia Pacific is anticipated to grab a major portion of the market among all regions. The report further also adds that the growing demand for infant nutrition products, especially in China and India is likely to play an essential role in the growth of the banana flakes market in the region.
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Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. At present, key players in the market are Bardakci Group, P&G Food Industries, Diana Foods, Ingredient Inc., Van Drunen Farms, Rabeler Fruchtchips GmbH, Orchard Valley Foods Limited, Z Natural LLC, Johs.Thoms GmbH & Co. KG, and Top Line Foods.
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