What is Global Banana Puree Market?
The Global Banana Puree Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the banana puree industry worldwide. Banana puree is a thick, creamy paste made from ripe bananas. It's used in a variety of food products, including baby food, beverages, and baked goods. The global market for banana puree is growing rapidly due to the increasing demand for this product in various industries. The market was valued at US$ 89 million in 2022 and is expected to reach US$ 135.4 million by 2029, growing at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2029.
Conventional Banana Puree, Organic Banana Puree in the Global Banana Puree Market:
The Global Banana Puree Market is segmented into two types: Conventional Banana Puree and Organic Banana Puree. Conventional Banana Puree is made from bananas grown using traditional farming methods, while Organic Banana Puree is made from bananas grown without the use of synthetic pesticides and fertilizers. The demand for organic banana puree is increasing due to the growing awareness about the health benefits of organic food. However, the conventional banana puree segment still holds a significant share of the market due to its lower cost. The top two companies in the market hold about 40% of the total market share. India is the largest market for banana puree, accounting for about 37% of the global market, followed by Europe and North America, which account for about 20% and 17% of the market, respectively.
Beverages, Infant Food, Bakery and Snacks, Ice Cream and Yoghurt, Others in the Global Banana Puree Market:
The Global Banana Puree Market finds its application in various areas such as Beverages, Infant Food, Bakery and Snacks, Ice Cream and Yoghurt, and Others. In the beverage industry, banana puree is used as a base for smoothies and cocktails. It's also used in the production of banana-flavored drinks. In the infant food industry, banana puree is used as a natural sweetener and a source of essential nutrients. In the bakery and snacks industry, banana puree is used as a filling for pastries and as a flavoring agent for snacks. In the ice cream and yoghurt industry, banana puree is used to give a natural banana flavor to the products. The other applications of banana puree include its use in sauces, dressings, and desserts.
Global Banana Puree Market Outlook:
To rephrase the market outlook for the Global Banana Puree Market, the market was worth US$ 89 million in 2022 and is projected to reach a value of US$ 135.4 million by 2029. This represents a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2029. The market is dominated by two major companies that collectively hold about 40% of the market share. India is the leading consumer of banana puree, accounting for approximately 37% of the global market. Europe and North America follow, with market shares of about 20% and 17% respectively.
| Report Metric | Details |
| Report Name | Banana Puree Market |
| Accounted market size in 2022 | US$ 89 in million |
| Forecasted market size in 2029 | US$ 135.4 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | Tree Top, Nestle, Earth's Best, The Kraft Heinz, Lemon Concentrate, Sas Sica Sicodis, Dohler, Ariza, AgroFair, Antigua Processors, Hiltfields, Grünewald Fruchtsaft, Jain Irrigation Systems, Sunrise Naturals, Paradise ingredients, Galla Foods, Shimla Hills, Diana Food (Symrise) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
