Africa's Lead For Green Banana And Banana Flour To Underpin MEA's Massive Revenue Share In Banana Flour Market
NEWARK, DE / ACCESSWIRE / August 15, 2022 / According to a recent report by Future Market Insights (FMI), sales of banana milk are estimated to reach a value of US$ 50.6 Mn by 2032, surging at a 5.6% CAGR over the assessment period.
Banana milk is a dairy alternative made with whole bananas and oat milk that contains vitamins A, B12, C, D, fiber, and potassium. It is gluten-free, fat-free, and non-GMO, in addition to being high in nutrients. Various brands are incorporating flavors such as strawberry, chocolate, and mango.
Surging demand for healthy and natural food ingredients is primarily driving the market. Banana milk can be a key ingredient in functional beverages, benefiting the global banana milk market. Increasing demand for healthy and affordable options with functional benefits has resulted in the emergence of products aimed at the sports nutrition market, which in turn is fueling the incorporation of banana milk in dietary supplements and sports nutrition products.
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Key Takeaways:
- Sales of banana milk in Germany are expected to grow at a CAGR of 4.6 % during the forecast period.
- The banana milk market in India will gain traction at a CAGR of 7.6% through 2032.
- In 2022, the infant food application segment will hold the largest market share.
- On the basis of source type, organic banana milk is expected to take the lead in 2022 over conventional banana milk.
- In terms of sales channel, demand in the direct channels segment will remain high.
"Growing demand for vegan milk alternatives, along with high focus on functional foods and beverages across emerging economies is expected to augment the growth in the global banana milk market over the forecast period," says an FMI analyst.
Competitive Landscape
To strengthen their position and create a positive brand reputation, key players in the global banana milk market are establishing long-term business relationships. They are constantly striving to delight customers by providing banana milk in smaller portions that are tailored to individual dietary requirements.
- In January 2019, the Kraft Heinz Company, a leading manufacturer of banana milk and other products, announced the acquisition of Primal Nutrition, LLC.
Some of the key players in the Banana Milk Market include Döhler GmbH, Nestlé S.A., The Kraft Heinz Company, SunOpta Grains and Foods Inc., Newberry International Produce Limited, Riviana Foods Pty Ltd, Antigua Processors S.A., Ariza b.v, Shimla Hills Offerings Pvt. Ltd, Hiltfields Ltd., among others.
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of banana milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the banana milk based on Nature (Organic, Conventional) By Flavor (Sweetened, Unsweetened) By Sales Channel (Direct Sales, Indirect Sales) By End-Use (Dairy Products, Bakery & Confectionery, Milk & Milk-based Beverages) and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
Banana Milk Market by Category
By Nature:
- Organic
- Conventional
By Flavor:
- Sweetened
- Unsweetened
By Sales Channel:
- Direct
- Indirect
By End-Use:
- Dairy Products
- Bakery & Confectionary
- Milk & Milk Beverages
- Retail Sales
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About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
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Explore FMI's related ongoing Coverage on Food and Beverage Domain
Banana Bread Market Size: The banana bread market is segmented on the basis of its types, flavors, and distribution channel. On the basis of its types, banana bread market can be segmented into flavored and unflavored banana bread
Banana Puree Market Share: Banana Puree Market By Application (Beverages, Infant Food, Bakery & Snacks, Dressings & Sauces, Ice Cream & Yoghurt), Process (Conventional, Aseptic), Source (Organic, Conventional) & Region - Forecast to 2017 - 2027
Banana Flour Market Trends: The market is projected to grow at a rate of 4.2% CAGR through 2032 with a projection value of USD 865 million. The Middle East and Africa (MEA) is the largest market for banana flour market and holds a 45% share in the global market.
Banana Flakes Market Outlook: Banana Flakes Market size was estimated at USD 494.0 million in 2021 and expected to reach USD 810 million in 2032, at a 4.6%.
Coconut Milk Market Demand: Coconut milk it is expected to have a robust growth rate registering a CAGR of 7% and reaching a healthy coconut milk market size of USD 2131.6 Million by the year 2032.
Non Fat Dry Milk Market Analysis: Non - fat dry milk market is valued at US$ 7.66 Bn in 2021. The market is projected to grow at a CAGR of 3.1% through 2022, reaching US$ 7.9 Bn by 2022.
A2 Milk Market Forecast: A2 Milk Market is expected to surpass a valuation of US$ 1.9 Bn through 2021, likely to surge at a vigorous 10.3% CAGR during the assessment period
Mineral Premix Market Forecast: Mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032).
Potassium Acetate Market Value: Potassium acetate market is poised to register 5.2% CAGR, capturing a revenue share of US$ 289.5 million in 2022, to reach US$ 482.1 million by 2032.
Synthetic Food Colors Market Growth: Synthetic food colors market size is estimated to be valued at US$ 590 Mn in 2022 and is further expected to grow at a CAGR of 6% between 2022 and 2032
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SOURCE: Future Market Insights