Global Banana Concentrate Market Growth 2023-2029

Global Banana Concentrate Market Growth 2023-2029

Banana is one of the most popular fruit in the world. The industry is growing at a healthy rate for past some decades. Central America is one of the largest banana concentrate markets in the world. There is very less domestic demand hence much of the produced banana is exported in fruit form as well as in concentrate form. On the contrary, India is the largest producer and consumer of banana and its products globally. Due to high domestic demand, the fruit is not used for production of concentrates. Due to its nutritive and medicinal characteristics, the banana concentrate market is growing at a rapid pace. Banana concentrate preserves the natural flavor, color, and properties of banana. Mostly, the concentrate is stored in frozen form, due to which it is easier and cost effective to ship and store for longer duration. They are the economical and convenient alternative to fresh fruits which finds a role in different applications. Banana concentrates derivatives includes: juices, crush, Ice-Creams, cakes, donuts, fruit bars, milk shakes, yogurts, puddings, baby food, etc.

LPI (LP Information)' newest research report, the “Banana Concentrate Industry Forecast” looks at past sales and reviews total world Banana Concentrate sales in 2022, providing a comprehensive analysis by region and market sector of projected Banana Concentrate sales for 2023 through 2029. With Banana Concentrate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Banana Concentrate industry.

This Insight Report provides a comprehensive analysis of the global Banana Concentrate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Banana Concentrate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Banana Concentrate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Banana Concentrate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Banana Concentrate.

The global Banana Concentrate market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Due to rapid urbanization along with the changing lifestyle, rising disposable income, and dietary habits people don't have enough time to prepare food at home and thus tend to buy instant baby food products consist of fruit concentrates to fulfill the basic requirements of their infants. This can be a major driver towards the growth of banana concentrate market. With the increasing awareness about the bad effects of alcoholic beverages, and due to health benefits of fruits, people are resorting to fruits beverages which is influencing the growth of the market. Especially, the banana concentrate market is mainly driven due to the interest was shown by consumers in ready-made concentrates. Banana concentrate market is expected to witness high growth owing to its high medicinal and nutritional characteristics, high health and wellness functionality and various uses like sweetener in snacks, juices, and others. Other factors escalating the demand for banana concentrate includes continuous new product developments and improved distribution channel that supports the wide availability of banana concentrates in the market. Although being high in nutrition, these banana concentrates have high sugar content too, which restricts their use for diabetic people, which is one of the restraint factors.

This report presents a comprehensive overview, market shares, and growth opportunities of Banana Concentrate market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fresh Concentrate
Frozen Concentrate
Dried Concentrate

Segmentation by application
Food & Beverage
Confectionery
Bakery
Dairy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Jadli Foods
Chitale Agro
Shakarganj Food Products Limited
AGRANA group
Dohler Company
SVZ International

Key Questions Addressed in this Report

What is the 10-year outlook for the global Banana Concentrate market?

What factors are driving Banana Concentrate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Banana Concentrate market opportunities vary by end market size?

How does Banana Concentrate break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.