According to a report published by Future Market Insights titled “Banana Flakes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027), demand for banana flakes is expected to increase in the coming years due to increased demand from new food outlets in developing regions as consumers’ spending power grows exponentially with each passing year. This element will have a significant impact on banana flakes sales in developing countries, as well as enhance their global revenue.
In the coming years, Asia Pacific will take the lead.
The Asia Pacific is expected to take the lion’s share of the pie among all regions. The rising need for newborn nutrition products, particularly in China and India, is expected to drive the banana flakes market in the area forward. Consumer preference for healthy breakfast and quick snacks is also a supporting element for the worldwide banana flakes market.
However, factors such as the existence of an unorganized banana flakes market in the region and the preference for banana flour over banana flakes are anticipated to function as hurdles on the banana flakes market’s development path in the Asia Pacific.
Nonetheless, in the long run, the increased focus on organic food consumption in developed nations such as Europe and North America would certainly provide profitable opportunities for market players. The APAC banana flakes market is expected to reach a value of roughly US$ 560 million by 2027, with a value CAGR of 3.8 percent over the forecast period.
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