North America Banana Flakes Market
No. of Pages: 63 | Report Code: TIPRE00014197 | Category: Food and Beverages
No. of Pages: 63 | Report Code: TIPRE00014197 | Category: Food and Beverages
North America Banana Flakes Market to 2027 – COVID-19 Impact and Regional Analysis - by Nature (Organic, Conventional), Application (Household, Food and Beverages Industry, Others), and Distribution Channel (Supermarket/ Hypermarket, Specialty Store, Online, and Others)
Banana flakes are prepared from naturally ripened bananas, which are carefully processed by dehydrating so as to maintain the taste and nutritional value in the flakes. Such flakes are known for their nutritional profile and are rich in minerals such as magnesium, calcium, potassium, iron, and zinc. Apart from this, banana flakes comprises of high levels of trace elements as well as vitamins including A, B, B6, B9, C, and E. Further, banana flakes are composed of 3% water along with low-fat content with higher content of fiber and potassium. Banana flakes are increasingly being used in food and beverages industry in preparation of breakfast cereals, desserts smoothies, infant nutrition, and other food items. Herbal and organic products seized the taste of customers despite its expensive nature. The young population is highly attracted to organic banana flakes owing to the increased awareness regarding the benefits of the product. Furthermore, the production of organic banana is expanding drastically, attributed to its significant demand. Thus, the gaining traction of organic banana flakes among consumers is expected to create a significant demand for organic banana in the coming years, which is further anticipated to drive the banana flakes market.
Strategic insights for the North America Banana Flakes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 167.25 Million |
| Market Size by 2027 | US$ 232.91 Million |
| Global CAGR (2020 - 2027) | 4.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Nature
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
The geographic scope of the North America Banana Flakes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The banana flakes market in North America is expected to grow from US$ 167.25 million in 2019 to US$ 232.91 million by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027. Banana is grown in more than 120 countries. According to the Food and Agricultural Organization of the United Nations, the total annual production of banana in 2017 was 114 Mn tones of fruits. Countries leading in the production of banana include US, Canada, and Mexico. Banana is considered as one of the essential food crops after wheat, rice, and maize. As the population is surpassing 7 billion, consumption requirements are also increasing tremendously. Moreover, escalating health awareness in various countries has led to the rising demand for banana and its products from multiple countries, including US, Canada, and Mexico. Thus, the substantial farming of bananas across several regions offer future growth opportunities for market players operating in the North American. This is bolstering the growth of the banana flakes market.
The presence of emerging economies backed by industrialization, large population, and increasing disposal income in North America are the major factors propelling the growth of the banana flakes market. However, the outbreak of COVID-19 is expected to affect the economic growth of the North America region. Although, US is the leading manufacturing hub and raw material supplier of various industries, it is one the worst hit countries in North America. Other leading manufacturing economies like Canada and Mexico were also hit severely. Various measure such as travel bans, business shutdowns, and lockdown are taken by the governments across North America to control the COVID-19 outbreak.
In terms of nature, the conventional segment accounted for the largest share of the North America Banana Flakes market in 2019. Based on application the banana flakes market is divided into household, food and beverages industry, and others. Household is expected to be the fastest growing segment over the forecast period. Further, the supermarkets/ hypermarkets held a larger share of the market based on distributional channel in 2019.
A few major primary and secondary sources referred to for preparing this report on the Banana Flakes market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Z Natural Foods, Van Drunen Farms, P & G Industries, Ingredient Inc., and Diana Group among others.
The List of Companies - North America Banana Flakes Market
The North America Banana Flakes Market is valued at US$ 167.25 Million in 2019, it is projected to reach US$ 232.91 Million by 2027.
As per our report North America Banana Flakes Market, the market size is valued at US$ 167.25 Million in 2019, projecting it to reach US$ 232.91 Million by 2027. This translates to a CAGR of approximately 4.4% during the forecast period.
The North America Banana Flakes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Banana Flakes Market report:
The North America Banana Flakes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Banana Flakes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Banana Flakes Market value chain can benefit from the information contained in a comprehensive market report.
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