Global Banana Market 2024-2028
The banana market is forecasted to grow by USD 1420.1 mn during 2023-2028, accelerating at a CAGR of 10.44% during the forecast period. The report on the banana market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of banana flour in baking industry, growth of organized retail sector in banana market, and influence of blogs and digital media on fruits and vegetable consumption.
Technavio's banana market is segmented as below:
By Distribution Channel
By Type
- In-organic/conventional
- Organic
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growth of banana production industry as one of the prime reasons driving the banana market growth during the next few years. Also, increasing use of banana paper for packaging and changing consumer demographics will lead to sizable demand in the market.
The report on the banana market covers the following areas:
- Banana market sizing
- Banana market forecast
- Banana market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading banana market vendors that include 7 Eleven Inc., Agro America, Agrofruit Holding Corp., Aldi Stores Ltd., Auchan Retail Portugal SA, Axfood AB, Chiquita Brands International Sarl, Co operative Group Ltd., Coliman, Dole plc, Federation of Migros Cooperatives, Fresh Del Monte Produce Inc, Fyffes Ltd., Global Banana, J Sainsbury plc, Koninklijke Ahold Delhaize NV, Lidl US LLC, Reybanpac, The Daiei Inc., and Waitrose and Partners. Also, the banana market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.