Report : Europe Banana Flakes Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Nature (Organic, and Conventional), Application (Household, Food and beverages Industry, and Others), and Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online, and Others)
Conventional Segment to Dominate Europe Banana Flakes Market during 2019–2027
According to The Insight Partners market research study on “Europe Banana Flakes Market to 2027 – COVID-19 Impact and Regional Analysis - by Nature, Application, and Distribution Channel,” is expected to reach US$ 284.52 million by 2027 from US$ 207.73 million in 2019. The market is estimated to grow at a CAGR of 4.2% from 2020 to 2027. The report provides trends prevailing in the Europe banana flakes market along with the drivers and restraints pertaining to the market growth. Health benefits related with the utilization of banana flakes are the major factor driving the growth of the Europe banana flakes market. However, issues associated with the diabetic patients and it is unacceptable for low carb diets hinder the growth of Europe banana flakes market.
The Europe market for banana fakes is segmented into nature, application, distribution channel, and country. Based on nature, the market is segmented into organic and conventional. In 2019, the conventional segment held the largest share Europe banana flakes market. Based on application type the banana flakes market is divided into household, food and beverages industry, and others. Household is expected to the fastest growing segment over the forecast period. Similarly, based on distribution channel, the market is bifurcated into supermarket/hypermarket, specialty store, online, and others. The supermarket/hypermarket segment contributed a major share in 2019.
Europe is characterized by numerous developing economics backed by high industrial presence, large population, and increasing disposable income, which majorly drive the growth of the banana flakes market. However, the outbreak of COVID-19 and lockdown imposed by the governments across Europe is anticipated to have a huge disruption in the growth of various industries across Europe. Food and beverages are one of the world’s major industries facing severe disruptions in the form of event cancellations, supply chain breaks, and office shutdowns as a result of the lockdowns imposed in various countries to contain the disease spread. The governments across Europe are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.
Bata Food B.V., Diana Group, Naturkostbar KG, JOHS. THOMS GmbH & Co. KG, Rabeler Fruchtchips Gmbh, and Van Drunen Farms are among the leading companies in the Europe banana flakes market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Van Drunen farms and SouthAm Freeze Dry come into partnership to enhance their global supply.
The Report Segments the Europe Banana Flakes Market as follows:
Europe Banana Flakes Market – By Nature
Europe Banana Flakes Market – By Application
Europe Banana Flakes Market – By Distribution Channel
Europe Banana Flakes Market – By Country