Sprouting Consumption in Baby Nutrition Food and Functional Beverages Steer Growth of Banana Puree Market
The global banana puree market is set to expand at an impressive rate through the forecast period, as projected by a new market study by XploreMR. Banana puree is produced by blending banana into soft and thick pulp using a strainer or potato masher. The growth of the market is primarily attributed to the burgeoning demand for the banana puree in the food & beverage (F&B) sector, especially in the production of baby nutrition food.
Moreover, the health benefits associated with the consumption of banana puree are the major driving factor behind the growth of the market. Backed by increasing health consciousness among consumers, manufacturers of food products are increasingly adopting healthy ingredients, thereby further propelling the demand for banana puree. On the back of these factors, the global banana puree market will continue to progress on a positive growth trajectory through the forecast period.
Health Benefits of Banana Puree Strengthens Adoption in Functional Beverages Sector
Banana puree has a strong nutritional composition and has an enriching presence of potassium and dietary fiber which help aid in lowering the risk of heart diseases, maintaining optimal levels of blood pressure and acidity level, and in regulating the water balance in the body. On this premise, banana puree is gaining remarkable traction in the production of functional beverages.
Functional beverages, such as energy drinks, performance drinks, enhanced fruit drinks, etc. are primarily consumed by health-conscious consumers owing to the high amount of vitamins and minerals present in the drinks. As the sales of functional beverages remain steady on the higher side due to high disposable incomes and high consumer awareness in developed economies, the adoption of banana puree in the functional beverages segment will continue to complement the growth of the market through the forecast period.
North America is the largest market for functional beverages will continue to drive the majority of revenue for banana puree as well. On this premise, the beverage segment is anticipated to bestow an incremental revenue opportunity of US$ 85 million through the forecast period. Likewise, the high demand for the banana puree in the baking industry in the preparation of banana-flavored bread and rolls, cakes, and biscuits will complement the demand as well.
Increasing Number of Working Women Propels Demand for Baby Nutrition Products
Over the years, there has been a significant uptick in the proportion of women in the global workforce. This factor is subsequently propelling demand for baby nutrition food products, which are expected to contribute a notable share of revenue to the banana puree market. Banana puree is finding remarkable adoption in the production of different kinds of baby nutrition food products, such as baby yogurt, oatmeal, easy-to-digest cereal, baby-led weaning, etc.
As the infant food segment continues to flourish backed by hectic lifestyles and raising awareness of parents, the segment will account for the majority of market share in the end-use segment and will continue to fuel the demand for the banana puree market.
Innovations in European Cosmetic Sector Ensure Healthy Adoption
Cosmetics Europe, the association of players in the European persona care market, projects that the Europe personal care and cosmetics market will past valuation of US$ 90 billion. Moreover, cosmetic giants such as Procter & Gamble, Unilever, and L'Oreal Group are focusing on new product innovation with the inclusion of fruit ingredients.
On these lines, Body Shop International, an arm of L'Oreal Group recently launched a banana shampoo that utilizes banana puree as a key ingredient. Such innovations will continue to drive the growing demand for banana puree.
Competitive Landscape of Banana Puree Market
Some of the major players in the global banana puree market include, but not limited to, 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. Ltd., Antigua Processors S.A, and SunOpta Grains and Foods Inc.
XploreMR provides a comprehensive study on the banana puree market with a forecast of its global and regional prospects. The report titled Banana Puree Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)has an exhaustive analysis with several insights on the banana puree market for a decade from 2017 to 2027. The historical revenue figures of key stakeholders in the banana puree market for the previous five years has been collated and considered the baseline for assessing revenue share and market size.
The report comprises a range of macroeconomic factors that impact the expansion of the banana puree market as a whole, including industry-wide trends, growth drivers, acute restraints, and untapped opportunities. Recent developments of market players have been evaluated to gauge the growth of the banana puree market till the present with a prognostic analysis of the market’s future. The report additionally incorporates information on changing customer tastes and requirements that can potentially transform the production and supply in the banana puree market.
Banana Puree Market Taxonomy
An important chapter in the banana puree market report highlights the segmental analysis with a forecast of the banana puree market. The banana puree market has been studied on basis of application, process, source, and region.
Along with a segmental analysis of the following, the report has country-specific data points with cross-sectional assessment and forecast.
Brief Report Outline
To cover the entire global banana puree market, the report is prepared with a fragmented structure in place. The report executive summary delivers an abstract of important findings with a special focus on major regions in the banana puree market. The report overview is a formal introduction to the banana puree market with an easy-to-understand definition, a précis on annual growth rates and market size evaluation. The taxonomy of the banana puree market is also provided herein.
Furthermore, the report highlights the raw material sourcing strategies, cost pricing and structure, supply chain management, and distribution network. The intensity map demonstrates the presence of participants across countries in the banana puree market report. Key stakeholders in the banana puree market are profiled in the report in the form of long and short-term strategies, recent developments, and financial ratios to understand the competitive landscape incumbents and new market entrants can expect.
Proprietary Research Methodology Industry Benchmark for Accuracy
Taking into account the volatile global economic scenario across different regions and the characteristics of the banana puree market, the expert team at XploreMR have deployed a unique and highly robust methodology underpinned by extensive research. Quantitative data is gathered from company press releases and authoritative databases that are rigorously analysed by way of custom-designed calculations and formulas. Qualitative insights are seamlessly fused with this to deliver a fact-based and conclusive forecast of the banana puree market for the next decade. Important metrics such as absolute dollar opportunity, Y-o-Y growth and CAGR have been used to great effect to interpret market size and findings. In order to cater to a global clientele, the values provided throughout the report are in US dollars. The primary objective of the report findings is to assist market participants in devising go-to-market strategies and strengthen their position in the banana puree market.
Banana Puree Market: Ice Cream & Yoghurt Application Segment to Witness Significant Revenue Growth During the Forecast Period: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 - 2027)Buy Now
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