Global organic banana market 2021-2026 | Size, Share, Demand, Key Players, Price, Trends, Growth, Analysis, Outlook, Report, Forecast | ExpertMarketResearch.com
The new Market Research Expert Report titled “Global Organic banana market Size, share, price, trends, growth, analysis, key players, outlook, report, forecast 2021-2026 ‘, gives an in-depth analysis of the global organic banana market, assessing the market based on its segments like distribution channel and the main regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, and analyzes the market based on Porter’s SWOT and Five Forces models.
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Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click the sample request report. The sample report will be delivered to you within 24 hours.
The main highlights of the report include:
Market Overview (2016-2026): –
- Forecast CAGR (2021-2026): 10.5%
Growing public health awareness and the growing popularity of private labels are driving the growth of organic bananas around the world. In addition, concerns about animal health and safety have led to an increase in demand for plant-based food products. The demand for plant-based foods is high among health-conscious consumers because these foods and ingredients do not contribute to health problems. This contributes to the growth of the organic banana industry.
Definition of the industry and main segments
Conventional bananas are grown using synthetic fertilizers and pesticides, while organic bananas are grown using only natural methods to stimulate plant growth and eradicate predatory insects. Organic bananas contain a significant amount of vitamin B6, also known as pyridoxine, which is a necessary component for the formation of red blood cells. Organic bananas may also help control diabetes, due to their low glycemic index of 51.
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On the basis of distribution channel, the market can be segmented into:
- Supermarkets and hypermarkets
- Grocery store
- Specialized shop
- In line
Based on region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are continuously monitoring the impact of this rapidly changing situation on markets and consumer buying behaviors. Thus, our latest estimates and analyzes on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
Due to concerns about chemical additives, consumer preferences have shifted towards consuming food products with natural ingredients due to the growing emphasis on a healthier lifestyle. It also has an extremely positive effect on the adoption of organic bananas. The creation of fair trade forums such as the Latin American Coordination of Banana Unions (COLSIBA) across Latin America has strengthened the organic banana market in Latin America. According to the FAO, the Dominican Republic is the largest producer of organic bananas, accounting for more than half of the world production of organic bananas. During the forecast period, the market is expected to grow due to the lack of use of insecticides and pesticides in organic banana cultivation, which creates a positive impact on the minds of consumers.
Key market player
The main players in the market are Chiquita Brands International SÃ rl (NYSE: CQB), Coliman Group, Del Monte Fresh Produce Co., Dole Food Co. Inc., Fyffes Ltd., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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