Global Plantains Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Plantains Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Plantain is a herbaceous plant, the leaves are large and wide, the sex is warm and cold, the stem is strong, the shade is resistant to half shade, the adaptability is strong, and the growth is faster.

Market Overview:

The latest research study on the global Plantains market finds that the global Plantains market reached a value of USD 30909.27 million in 2023. It’s expected that the market will achieve USD 42290.15 million by 2029, exhibiting a CAGR of 5.36% during the forecast period.

1.Market Drivers

The growing population in the African region is driving the steady growth of the global plantain market.
Nutritional value and recipes of plantain.Plantains are a low-fat source of starchy carbohydrates and fiber. It can be steamed, boiled, roasted, baked, or fried.

2.Restraints and Challenges

Some of the typical cooking methods for plantains also make them a relatively high-fat food, such as frying.
Growing plantains face a host of growing challenges, including poor quality suckers, poor quality fertilizers, insufficient water supply for plantain crops, and poor soil fertility.

3.Opportunity

Advances in Innovation and Technology for Plantains
Increased Demand in Emerging Markets.Agricultural e-commerce provides a streamlined way of doing transactions where buyers and sellers are directly connected, simplifying the agricultural value chain and reducing inefficiencies in plantain distribution.

Region Overview:

Latin America had the highest growth rate of all regions
In 2022, the share of the Plantains market in Middle East and Africa stood at 63.79%.

Company Overview:

1.Dole
The Dole Company markets the most nutritious foods with the lowest environmental impact, with the goal of making the world a healthier and more sustainable place.

2.MIC Food

MIC Food is a value-added tropical fruit and vegetable processor and exporter and has been a pioneer in the frozen ready-to-eat tropical vegetable industry since 1987. For over 30 years, MIC Food has been the trusted leader in sourcing, manufacturing, distributing and marketing value-added ready-to-heat frozen tropical fruits and vegetables.
Dole is one of the major players operating in the Plantains market, holding a share of 0.31 in 2023.

Segmentation Overview:

Ripe Plantain
A ripe plantain is nearly entirely black, and while it still holds its shape, it is very soft. As it ripens, the skin thins and becomes easier to peel, and the fruit inside sweetens and darkens to a light peach color.
Green Plantain
A green plantain is very firm and typically requires a knife to peel.
The Green Plantain segment by type showed a value growth of 84.12% in 2022.

Among different product types, Green Plantain segment is anticipated to contribute the largest market share in 2028.

Application Overview:

Food and Beverage
Food and beverages means any raw, cooked, or processed edible substance used or intended for use in whole or in part for human consumption. Plantain flakes, powdered, and baked are common foods.
Pharmacy
Plantains contains polyphenols and flavonoids such as gallic acid, protocatechuic acid, rutin hydrate, quercetin, chlorogenic acid, and vanillic acid. In traditional medicine, it has the effects of treating dysentery, cholera abdominal pain, and itchy skin.
Others
Other applications of plantain are in industrial raw materials for pectin extraction, mushroom production, biogas, carbon black, citric acid substrate, and wine production.
By application, the Food and Beverage segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Plantains market covered in Chapter 3:

ARA Food
MIC Food
Chifles Chips
Samaisnacks
Goya Foods
Artisan Tropic
Sprouts
MR. JOHN’S
Dole
Amazi Foods
Frito Lay
Soldanza

In Chapter 4 and Chapter 14.2, on the basis of types, the Plantains market from 2019 to 2030 is primarily split into:

Ripe Plantain
Green Plantain

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Plantains market from 2019 to 2030 covers:

Food and Beverage
Pharmacy
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)