Europe Banana Flakes Market to 2027 – COVID-19 Impact and Regional Analysis - by Nature (Organic, and Conventional), Application (Household, Food and Beverages Industry, and Others), and Distribution Channel (Supermarket/ Hypermarket, Specialty Store, Online, and Others)
Number of Pages: 72
Market Introduction
Banana flakes, derived from naturally ripened bananas are rich in vitamins (A, B, B6, C, and E), iron, potassium, calcium, zinc, and magnesium. Apart from this, banana flakes comprises of high levels of trace elements. The demand for banana flakes in the food and beverage industry is drastically increasing owing to its application in ice creams, juices, desserts, breakfast cereals, salads, yogurt, and many others. The consumers demand banana flakes in the aforementioned food products owing to their health benefits. The sweet and snacks industry is also exploiting banana flakes for the production of healthy bars and sweets. Companies are also combining banana flakes with other fruits, such as dates to create outstanding flavors. The high nutritional value and unique texture of these fruits attract consumer attention. Furthermore, the production of organic banana is expanding drastically, attributed to its significant demand. Thus, the rising usage of banana flakes by food and beverage sector is expected to create a significant demand for banana flakes in the coming years, which is further anticipated to drive the banana flakes market.
Market Overview and Dynamics
The Banana Flakes market in Europe is expected to grow from US$ 207.73 million in 2019 to US$ 284.52 million by 2027; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027. The trend of consumption of organic food products is attaining traction across the Europe attributed to its health benefits. Herbal and organic products seized the taste of customers despite its expensive nature. Organic banana flakes are extracted from bananas grown in certified organic farms around the European region. IDH- Sustainable Trade Initiative collaborated with the World Banana Forum for launching an online portal on sustainable farming practices in the organic banana sector. This portal promotes the dissemination of knowledge and information regarding the adoption of eco-friendly practices in organic banana sector, thereby aiding the growth of the industry in Europe. Moreover, escalating health awareness in various countries has led to the rising demand for banana and its products from multiple countries, including Germany, France, UK, Italy, Russia, and Rest of Europe. Thus, the organic banana flakes is gaining traction among consumers across several regions offer future growth opportunities for market players operating in the European region. 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 Europe 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 Europe region. Although, Germany is the leading manufacturing hub and raw material supplier of various industries, Itlay and Spain are one the worst hit countries in Europe, where business activities were ceased due to nationwide lockdown. Other leading manufacturing economies like France and UK were also hit severely. Various measure such as travel bans, business shutdowns, and lockdown are taken by the governments across Europe to control the COVID-19 outbreak.
Key Market Segments
In terms of nature, the conventional segment accounted for the largest share of the Europe 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the banana flakes market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bata Food B.V., Diana Group, Naturkostbar KG. JOHS. THOMS GmbH & Co.KG, Rabeler Fruchtchips Gmbh, and Van Drunen Farms among others.
Reasons to buy report
Europe Banana Flakes Market Segmentation
Europe Banana Flakes Market - by Nature
Europe Banana Flakes Market - by Application
Europe Banana Flakes Market - by Distribution Channel
Europe Banana Flakes Market - by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 207.73 Million |
| Market Size by 2027 | US$ 284.52 Million |
| CAGR (2020 - 2027) | 4.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Nature
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Banana Flakes Market is valued at US$ 207.73 Million in 2019, it is projected to reach US$ 284.52 Million by 2027.
As per our report Europe Banana Flakes Market, the market size is valued at US$ 207.73 Million in 2019, projecting it to reach US$ 284.52 Million by 2027. This translates to a CAGR of approximately 4.2% during the forecast period.
The Europe 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 Europe Banana Flakes Market report:
The Europe Banana Flakes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Banana Flakes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Banana Flakes Market value chain can benefit from the information contained in a comprehensive market report.
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