Global Banana Concentrate Market Outlook 2022

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.
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.

The global Banana Concentrate market was valued at US$ million in 2020 and is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.
This report focuses on Banana Concentrate volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Banana Concentrate market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Banana Concentrate Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Fresh Concentrate
Frozen Concentrate
Dried Concentrate

Segment by Application
Food & Beverage
Confectionery
Bakery
Dairy
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Jadli Foods
Chitale Agro
Shakarganj Food Products Limited
AGRANA group
Dohler Company
SVZ International