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Global Organic Banana Market To Be Driven By Increasing Health Concerns And Increasing Penetration Of Private Level Brands In The Industry In The Forecast Period Of 2021-2026

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Submitted by oliviamkts on Mon, 07/18/2022 - 22:27

The new report by Expert Market Research titled, ‘Global Organic Banana Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives in-depth analysis of the global organic banana market, assessing the market based on its segments like distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/organic-banana-market-repor...

The key highlights of the report include:

Market Overview (2016-2026): –

Forecast CAGR (2021-2026): 10.5%
The rising public health awareness and growing popularity of private label brands are augmenting the growth of organic bananas globally. Additionally, concerns about animal food safety and health have resulted in an increase in demand for plant-based food products. The demand for plant-based foods is robust among health-conscious consumers, as these foods and ingredients do not contribute to health problems. This is contributing to the growth of the organic banana industry.

Industry Definition and Major Segments

Conventional bananas are grown using synthetic fertilizers and pesticides, whilst organic bananas are grown using only natural methods of stimulating plant growth and eradicating predatory insects. Organic bananas contain a significant amount of vitamin B6, also known as pyridoxine which is a necessary component of red blood cell formation. Organic bananas can also aid in diabetes control, attributing to their low glycemic index that is 51.

Based on distribution channel, the market can be segmented into:

Supermarkets and Hypermarkets
Convenience Store
Specialty Store
Online
Others
Based on region, the market is segmented into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/organic-banana-market-report

Market Trends

Due to concerns about chemical additives, consumer preferences have shifted toward the consumption of food products with natural ingredients as a result of an increasing focus on living a healthier lifestyle. This has a hugely positive effect on organic bananas adoption as well. The establishment of fair-trade forums such as the Latin American Coordination of Banana Unions (COLSIBA) throughout Latin America has strengthened the organic banana market in LATAM. According to FAO, Dominican Republic is the largest producer of organic bananas representing more than half of the global organic banana’s produce. In the forecast period, the market is anticipated to grow on account of no usage of insecticides and pesticides in the growing of organic bananas, which creates a positive impact on the consumers’ minds.

Key Market Player

The major players in the market are Chiquita Brands International Sàrl (NYSE: CQB), Coliman Group, Del Monte Fresh Produce Co., Dole Food Co. Inc., Fyffes Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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