Global Banana Puree Market By Overview
Banana Puree Market was valued at USD 1.5 Billion in 2024 and is projected to grow at a CAGR of 9.00% to reach USD 3.3 Billion by 2034.
Banana puree is good source of nutrients which includes minerals, potassium, vitamin B6, and vitamin C. Banana puree is beneficial for babies health since, it controls diarrhoea and help to reduce skin inflammation. Banana puree is primarily obtained by blending or grounding banana into soft and thick consistent paste or liquid by forcing it through a strainer. Banana is also known as one of nature’s own antacids therefore banana puree neutralizes acidity of stomach and used to relieve heartburn, indigestion or an upset stomach.
Increasing use of banana puree in various end-use applications in bakery and snacks, dressings and sauces, ice cream and yoghurt, infant food, beverages, and cosmetics is major factor driving growth of the banana puree market. In addition, growing demand for banana puree for the production of baby nutrition food, coupled with increasing consumption of banana puree by athletes are factors fuelling growth of the target market. However, minimal shelf life of banana puree is major factor restraining growth of the banana puree market.
Banana puree market has been segmented on the basis of source, application, distribution channel, and region.
The source segment includes conventional and organic. On the basis of application the banana puree market has been segmented as bakery and snacks, dressings and sauce, ice cream and yoghurt, infant food, and others. Other application segment is sub-segmented into beverages and cosmetics. On the basis of distribution channel the banana puree market has been segmented as hypermarkets, supermarkets, conventional stores, and online stores.
On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the major share in terms of revenue as compared to the other regions. This is owing to increasing health concerns among the individuals, coupled with growing demand for banana puree in cosmetic industries in the countries of region.
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Global Banana Puree Market By Competitive Landscape & Key Players
Key players operating in the banana puree market includes
- Döhler GmbH.
- Nestlé S.A.
- Kraft Heinz Company Corp.
- SunOpta Grains and Foods Inc.
- Newberry International Produce Ltd.
- Riviana Foods Pvt. Ltd.
- Antigua Processors S.A.
- Ariza B.V.
- Shimla Hills Offerings Pvt. Ltd.
- Hiltfields Ltd.
FAQs
Banana Puree Market was valued at US$1.5 Billion in 2024 and is projected to grow at a CAGR of 9.00% to reach US$ 3.3 Billion by 2034.
Banana Puree Market is segmented based on Source, Application, Distribution Channel and Region.
The Banana Puree Market is driven by factors such as the increasing demand for natural and plant-based ingredients, the versatility of banana puree in various applications, rising awareness of the nutritional benefits of bananas, and the growing popularity of smoothies and baby food products.
potential variations in banana crop yields, susceptibility to diseases affecting banana plants, logistical issues in supply chain management, and competition with other fruit purees, acting as potential restraints for the Banana Puree Market globally.
North America, Europe, Asia-Pacific, and Latin America. Latin America, particularly countries like Ecuador and Costa Rica, is expected to dominate the Banana Puree Market due to its significant banana production. North America and Europe are also substantial markets, driven by the demand for natural and healthy food products. Asia-Pacific may witness growth as consumer preferences for fruit-based products increase in the region.
The prominent players operating in the Banana Puree Market includes, Döhler GmbH., Nestlé S.A., Kraft Heinz Company Corp., SunOpta Grains and Foods Inc., Newberry International Produce Ltd., Riviana Foods Pvt. Ltd., Antigua Processors S.A., Ariza B.V., Shimla Hills Offerings Pvt. Ltd., and Hiltfields Ltd.