Increasing Demand from the Food and Beverages Industry in Developing Regions to Present High Growth Opportunities for the Global Banana Flakes Market

Food manufacturers from across the globe are focusing on the usage of fruit products as consumers become more health conscious. Thus, this is leading to a substantial rise in the sales of banana flakes across the globe, especially among the health conscious consumers.

According to a report published by ESOMAR-certified market research and consulting firm titled “Banana Flakes Market: Global Industry Analysis (2017-2021) and Opportunity Assessment (20222032)”, the demand for banana flakes is likely to intensify over the coming years owing to the rising demand from new food outlets in developing regions as the expenditure power of consumers in those regions rise exponentially with every passing year. This factor will have a noteworthy impact on the sales of banana flakes across the developing regions as well as increase its revenue on a global basis.

Food manufacturers from across the globe are focusing on the usage of fruit products as consumers become more health conscious. Thus, this is leading to a substantial rise in the sales of banana flakes across the globe, especially among the health conscious consumers.

The expansion of quick service restaurants and food outlets across developing regions such as the Middle East and Africa and Asia Pacific has also led to a positive shift in the demand for banana flakes as a healthy alternate and option of fast foods.

The global banana flakes market is projected to exhibit a CAGR of 4.6% between 2022 and 2032. In 2022, the market is estimated to be valued at US$ 494.0 Mn and is expected to rise to a valuation of US$ 810.2 Mn by the end of 2032.

DEMAND FOR INFANT NUTRITION PRODUCTS TO BOLSTER REVENUE GROWTH OF MARKET