Europe Banana Market – Size, Outlook, Trends and Forecast (2024 – 2032)

From several kinds of large herbaceous flowering plants in the genus, Musa produces bananas. Banana is an edible fruit & botanically a berry. Bananas are rich in potassium & fibre and provide a variety of vitamins & minerals such as vitamin B6, vitamin C, vitamin A, manganese, potassium, dietary fibre, protein, magnesium, folate, riboflavin, niacin & iron. Bananas help people to prevent asthma, cancer, high blood pressure, cardiovascular disease & digestive problems. Bananas are majorly cultivated in tropical regions.

Europe Banana Market Size & Growth:

Europe Banana market size was valued to be nearly $XX billion in 2017 and is projected to reach over $XX billion by the end of 2025 with a CAGR of XX% during the forecast Period. The factors that are driving Europe banana market growth are increasing health consciousness, the growth of banana in processed food & growing demand for organic fruits as it can prevent blood pressure, asthma, cancer, heart health, diabetes & digestive health. Panama disease is the primary thread in recent times for bananas. There are hundreds of varieties of bananas globally out of which Panama disease is occurring mostly in Cavendish type bananas which are the largest exporters in the world owing to their taste. This disease affects and kills the plant and spread heavily across banana-rich Southeast Asia, Australia, and the Middle East. Tropical Race 4 is the strains of the fungus Fusarium oxysporum that cause the Panama disease. It cannot be controlled using any fungicides and cannot be eradicated from soil using the existing fumigants. The researchers from the Queensland University of Technology have recently developed genetically modified Cavendish bananas with resistance to the Panama disease and to boost the market growth.

Europe Banana Market Share:                                                                                                        

Europe Banana market is classified by type, end user and by Geography. By Type, Cavendish bananas segment is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to the increased consumption of Banana owning to its health benefits. Banana prevents cancer, asthma, high blood pressure, cardiovascular disease & digestive problems since bananas are rich in minerals & proteins. Regarding technology, the market in genetically modified crop segment of the banana market is estimated to grow at the fastest rate during the forecast period. The brisk growth rate is primarily because of the increasing need to reduce a Panama disease. Panama disease is a disease which majorly attacks Cavendish bananas. This disease can be reduced by using genetically modified crops.

Concerning the end user, the market in a household segment of the banana market is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to increased consumption of organic fruits. Organic fruits are produced by standard methods of organic farming & contains fewer pesticides. Regarding geography, the market is segmented into Germany, U.K, Netherlands, France, Italy, Spain and other economies. Germany is predicted to be a dominant market in the Europe banana market during 2019 – 2025. The Netherlands is said to be the fastest growing market regarding bananas owing to the increasing the demand for organic fruits.

Europe Banana Market Trends:

• August 2018, Exports of bananas to Europe under Panama Exports brand to increase the company’s international market from Europe.

  Europe Banana Market Research Report:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and Europe diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
• Identifying DROC in the current market and their impact on altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Chiquita Brands International
  • Fyffes
  • Department of Labor & Employment
  • Group Noboa
  • Fresh Del Monte Produce
  • Bonita Banana Company
  • Turbana
  • Max Havelaar
  • Uniban
  • Asda Stores Limited