North America Banana Flakes Market Forecast 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)
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)
Number of Pages: 63
Market Introduction
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.
Get more information on this report :
Market Overview and Dynamics
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.
Key Market Segments
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.
Major Sources and Companies Listed
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.
Reasons to buy report
- Understand the North America Banana Flakes market landscape and identify market segments that are likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in North America
- Efficiently plan mergers and acquisitions, and partnership deals in the North America Banana Flakes market by identifying market segments with the most promising probable sales
- Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
- Obtain revenue forecast for market based on various segments for the period 2020-2027
North America Banana Flakes Market Segmentation
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
- Supermarkets/ Hypermarkets
- Specialty Store
- Online
- Others
North America Banana Flakes Market- by Country
- US
- Canada
- Mexico
Company Profiles
- Z Natural Foods
- Van Drunen Farms
- P & G Industries
- Ingredient Inc.
- Diana Group
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Banana Flakes Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. Banana Flakes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Health benefits associated with the consumption of banana flakes
5.1.2 The substantial farming of bananas across several regions
5.2 Market Restraints
5.2.1 Unsuitable for low carb diets and diabetic patients
5.3 Market Opportunities
5.3.1 Rising usage of banana flakes by food and beverage sector
5.4 Future Trends
5.4.1 Organic banana flakes gaining traction among consumers
5.5 Impact Analysis Of Drivers And Restraints
6. Banana Flakes– North America Market Analysis
6.1 Banana Flakes Market Overview
6.2 North America Banana Flakes Market –Revenue and Forecast to 2027 (US$ Mn)
7. Banana Flakes Market Analysis – By Nature
7.1 Overview
7.2 North America Banana Flakes Market, By Nature (2019 and 2027)
7.3 Organic
7.3.1 Overview
7.3.1.1 Organic: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Conventional
7.4.1 Overview
7.4.1.1 Conventional : Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
8. Banana Flakes Market Analysis – By Application
8.1 Overview
8.2 North America Banana Flakes Market, By Application (2019 and 2027)
8.3 Household
8.3.1 Overview
8.3.2 Household: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Food and Beverages Industry
8.4.1 Overview
8.4.2 Food and Beverages Industry: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 Others: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
9. North America Banana Flakes Market Analysis – By Distribution Channel
9.1 Overview
9.2 North America Banana Flakes Market Breakdown, By Distribution Channel, 2019 &2027
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets in Banana Flakes Market, Revenue Forecast to 2027 (US$ Mn)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores in Banana Flakes Market, Revenue and Forecast to 2027 (US$ Mn)
9.5 Online
9.5.1 Overview
9.5.2 Online in Banana Flakes Market, Revenue and Forecast to 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others in Banana Flakes Market, Revenue and Forecast to 2027 (US$ Mn)
10. Banana Flakes Market – Country Analysis
10.1 Overview
10.1.1 North America: Banana flakes Market, by Key Country
10.1.1.1 US: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 US: Banana flakes Market, by Nature
10.1.1.1.2 US: Banana flakes Market, by Application
10.1.1.1.3 US: Banana flakes Market, by Distribution Channel
10.1.1.2 Canada: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 Canada: Banana flakes Market, by Nature
10.1.1.2.2 Canada: Banana flakes Market, by Application
10.1.1.2.3 Canada: Banana flakes Market, by Distribution Channel
10.1.1.3 Mexico: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 Mexico: Banana flakes Market, by Nature
10.1.1.3.2 Mexico: Banana flakes Market, by Application
10.1.1.3.3 Mexico: Banana flakes Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on North America Banana Flakes Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Key Company Profiles
12.1 Diana Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Ingredient Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 P&G Food Industries
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Van Drunen Farms
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 Z Natural Foods
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Banana Flakes Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. US Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 3. US Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 4. US Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 5. Canada Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 6. Canada Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 7. Canada Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 8. Mexico Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 9. Mexico Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 10. Mexico Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 11. Glossary of Terms, North America Banana Flakes Market
LIST OF FIGURES
Figure 1. North America Banana Flakes Market Segmentation
Figure 2. North America Banana Flakes Market Segmentation – By Country
Figure 3. North America Banana Flakes Market Overview
Figure 4. Food and Beverage Segment Held Largest Share of North America Banana flakes Market
Figure 5. U.S. Held Largest Share of North America Banana flakes Market
Figure 6. North America Banana Flakes Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Banana Flakes Market Impact Analysis Of Driver And Restraints
Figure 10. Country Overview of Banana Flakes Market
Figure 11. North America Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 12. North America Banana Flakes Market Revenue Share, by Nature (2019 and 2027)
Figure 13. North America Organic: Banana Flakes Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 14. North America Conventional : Banana Flakes Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 15. North America Banana Flakes Market Revenue Share, by Application (2019 and 2027)
Figure 16. North America Household: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 17. North America Food and Beverages Industry: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 18. North America Others: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 19. North America Banana Flakes Market Breakdown, by Distribution Channel, 2019 &2027 (%)
Figure 20. North America Supermarkets and Hypermarkets in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 21. North America Specialty Stores in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 22. North America Online in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 23. North America Others in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 24. North America: Banana flakes Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. US: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Canada: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Mexico: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Banana Flakes Market
- Z Natural Foods
- Van Drunen Farms
- P & G Industries
- Ingredient Inc.
- Diana Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Banana Flakes market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Banana Flakes market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Banana Flakes market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution