Global Banana Market – Size, Outlook, Trends and Forecast (2024

Global Banana Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Banana is produced by several kinds of large herbaceous flowering plants in the genus Musa. It is an edible fruit & botanically a berry. Banana prevents asthma, cancer, high blood pressure, cardiovascular disease & digestive problems. 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 are majorly cultivated in tropical regions.

Global Banana Market Size & Growth:

The Global 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 driving market growth include increasing health consciousness, growing usage in processed foods and growing demand for organic fruits by consumers. As it prevents blood pressure, asthma, cancer, heart health, diabetes & digestive health, geriatric and young population are actively consuming bananas and thereby contributing to the market growth. Panama disease is the primary threat in recent times for excess consumption of Panama infected bananas. Cavendish bananas are also the most significant exporter type across the world owing to its taste. Panama disease to the banana plant cannot be controlled by using fungicides and cannot be eradicated from soil using the existing fumigants. It can survive decades in soil is one of the most significant threats during banana production.

Global Banana Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

The researchers from the Queensland University of Technology recently developed genetically modified Cavendish bananas with resistance to the Panama disease.

Global Banana Market Share:

The Global Banana market is classified by type, end user and 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, GMC is estimated to grow at a brisk rate during the forecast period. The rapid growth rate is primarily because of the increasing need to reduce a genetically modified product. Panama disease is a disease which majorly attacks Cavendish bananas. This disease can reduce by using GMC.

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 in the households, and

You can also purchase parts of this report. Do you want to check out a section wise price list

Global Banana Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the segment is also projected to continue its dominance during the forecast period. Organic fruits are produced by using standard organic farming methods and fewer pesticides. By geography, the market is categorised into North America, South America, Europe, APAC and Middle East & Africa. APAC is predicted to be a dominant market in the Global Banana Market till 2025. Major Banana’s companies are based in APAC and also have significant banana fields in the leading to the high production to meet the increasing demand.

Global Banana Market Trends:

January 2017, Sumitomo agreed to takeover Flyeffs banana production business to expand its European food business.

Global 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 global 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 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
- Margarine
- Fyffes
- Department of Labor & Employment
- Group Noboa S.A.,
- Fresh Del Monte Produce
- Bonita Banana Company
- Turbana
- Asda Stores Limited
- Max Havelaar
- Uniban

Credibility and
Transparency

We actively recruit consumers, business professionals, and elusive individuals for our research panels, fostering enduring relationships. Our commitment to transparency is evident in the comprehensive listing of primary and secondary data sources, ensuring unwavering credibility in our reports.

Exhaustive
Coverage

Uncover the full spectrum with Envision Intelligence. Our detailed and extensive geographical coverage, coupled with survey consultation services, spans brand tracking, concept testing, and consumer behaviour analysis. Adapt to your evolving needs with scalable market research services that leave no facet unexplored.

Competitive
Edge

Stay ahead with Envision Intelligence. Our reports provide the latest market updates up to the date of purchase. Recognising the urgency of impactful decisions, we deliver timely analyses on the unprecedented choices made by CXOs during the COVID-19 crisis—providing valuable insights at no extra cost.

Golden
pportunities

Unearth hidden gems with Envision Intelligence. Our analysts and consultants conduct a comprehensive strategic sieve analysis, augmented by AI tools, to identify non-obvious, golden, and emerging opportunities. Evaluate possibilities that set you apart in the market.

Top-notch Reportsd
Guaranteed

Experience unparalleled depth with Envision Intelligence. Over 70% of our research is exclusive, establishing us as the premier source for in-depth and extensive market insights. Elevate your decision-making with reports that go beyond the ordinary.

Post Purchase
Support

Empower your journey with Envision Intelligence. Our commitment extends beyond the purchase. Enjoy post-purchase support for three months, with queries addressed within 24 business hours via telephone or email. We stand by you in your quest for ongoing success.