North America Banana Flakes Market is expected to reach US$ 232.91 Mn by 2027

Conventional Segment to Dominate North America Banana Flakes Market during 2020–2027

According to a new market research study on “North America Banana Flakes Market to 2027 – COVID-19 Impact and Regional Analysis - by Nature, Application, and Distribution Channel,” is expected to reach US$ 232.91 million by 2027 from US$ 167.25 million in 2019. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report provides trends prevailing in the North America Banana Flakes market along with the drivers and restraints pertaining to the market growth. Health benefits associated with the consumption of banana flakes are the major factor driving the growth of the North America banana flakes market. However, issues associated with the diabetic patients and  unsuitable for low carb diet  hinder the growth of North America banana flakes market.

The North America market for Banana Flakes market is segmented into nature, application, distribution channel, and country. Based on nature, the market is segmented into organic and conventional. In 2019, the conventional segment held the largest share North America banana flakes market. 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. Similarly, based on end user, the market is bifurcated into supermarket/ hypermarket, specialty store, online, pharmaceutical, and others. The supermarket/ hypermarket segment contributed a major share in 2019.

North America is characterized by numerous developing economics backed by high industrial presence, large population, and increasing disposable income, which majorly drive the growth of the banana flakes market. However, the outbreak of COVID-19 and lockdown imposed by the governments across North America is anticipated to have a huge disruption in the growth of various industries across North America. Although, US is the leading hub of manufacturing and largest raw material supplier for various industries, it is one of the worst affected countries due to the outbreak of COVID-19. The governments across North America are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.

Z Natural Foods, Van Drunen Farms, P & G Industries, Ingredients Inc., and Diana Group are among the leading companies in the North America Banana Flakes market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Z Natural Foods announced the new organic freezed dried berry blend.

North America Banana Flakes Market, By Country, 2019 and 2027 (%)

The Report Segments the North America Banana Flakes market as Follows:

North America Banana Flakes Market – By Nature 

• Organic
• Conventional

 North America Banana Flakes Market – By Application

• Household
• Food and Beverages Industry
• Others

North America Banana Flakes Market – By Distribution Channel

• Supermarket/ Hypermarket
• Specialty Store
• Online
• Others

North America Banana Flakes Market – By Country

• US
• Canada
• Mexico