Banana puree is made from banana pulp that has been squeezed, mashed, and mixed into a smooth, creamy paste or thick liquid. Prices for banana puree have been rising recently, with an abrupt spike seen in early 2010. Future Market Insights recently published a report titled “Banana Puree Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” that examines how banana puree prices have remained virtually unaffected by changes in the price of raw bananas. A moderate CAGR of 4.8 percent is anticipated for the worldwide banana puree market between 2017 and 2027.
Region – Maximum Potential in the APEJ Banana Puree Market
In 2017, the APEJ area held over a third of the global market for banana puree, and over the forecast year, it is anticipated to grow by a staggering 375 BPS. The majority of the world’s producers and consumers of diverse varieties of banana fruit are located in APEJ. Approximately 167 million should be spent on the APEJ banana puree market in 2017, with considerable volume and value growth projected for the foreseeable future.
Source – Conventional Sources Have Stranglehold on Banana Puree Market
By source type, the conventional sources held a market share of more than 95% of the banana puree market in 2017. Despite the likelihood that the conventional category will lose BPS share, its dominant position guarantees that, after the forecast period, it will still be far ahead of the organic source in the market for banana puree. Over US$ 265 million in additional revenue in the conventional market between 2017 and 2027 is too profitable to pass up.
Process – Aseptic Process Far Ahead of Acidified Seedless Process in Banana Puree Market
Because it can be manufactured more cheaply than acidified seedless banana puree, aseptic banana puree has become quite popular in the banana puree industry. The aseptic banana puree segment is expected to have a significant increase in value and volume thanks to a greater production rate. The banana puree market’s aseptic process segment is predicted to grow at a strong CAGR of 5.1 percent over the next ten years, with an additional US$ 16 million in revenue opportunities in 2017 over 2016.
Application – Focus on Infant Food and Beverage Segment in the Banana Puree Market
According to the application, the banana puree market is dominated by the infant food segment. Every year, more women enter the workforce, increasing the demand for high-quality, nutrient-rich, ready-to-eat foods for their infants. Infant yogurt, cereals, and oatmeal make up the majority of baby food. Baby cereals and yogurt are frequently produced with a variety of fruit flavors, with banana puree being particularly well-liked. In the market for banana puree, infant food has a market attractiveness score of 2.1, with beverages coming in just behind at 1.8.
Competition Dashboard in the Banana Puree Market
The report on the banana puree market includes profiles of several significant companies, including Symrise AG, Döhler GmbH, Kiril Mischeff, Riviana Foods Pty Ltd, Nestlé S.A., The Hain Celestial Group, The Kraft Heinz Co., Ariza B.V., Newberry International Produce Limited, Grünewald Fruchtsaft GmbH, Tree Top Inc., Hiltfields Ltd., Shimla Hills Offerings Pvt
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