North America Banana Flakes Market Dynamics and Trends by 2027

The banana flakes market in North America is expected to grow from US$ 167.25 million in 2019 to US$ 232.91 million by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027.

US, Canada, and Mexico are the major economies in North America. The health benefits associated with consumption of banana flakes will fuel its demand in the market. Banana flakes, derived from naturally ripened bananas are rich in vitamins (A, B, B6, C, and E), iron, potassium, calcium, zinc, and magnesium. The health consciousness among consumers is increasing tremendously, owing to lifestyle-related diseases. Banana flakes are a gluten-free product, and this is fueling its consumption among gluten intolerance consumers. Consumers are highly spending on food products that offer nutritional benefits. Banana flakes contain a high amount of fibers, and thus it helps in preventing colon cancer and improves the digestion process. Banana flakes aids in reducing colorectal inflammation, and studies have revealed that frequent consumption of banana will reduce the risk of colon cancer by 72%.According to the Center for Disease Control and Prevention (CDC), it is revealed that colon cancer is the second-highest cancer killer in the U.S. Hence, consumers are increasingly including banana products in their diet. Moreover, the component known as pectin present in banana flakes helps to improve diarrhea, which further increases its demand. In addition to this, potassium present in banana flakes tackles the narrowing and hardening of arteries. This hardening of arteries will reduce the risks of strokes and heart attacks. According to the World Health Organization, cardiovascular disease is the major cause of death in world, and it takes an estimated 17.9 Mn lives each year. Hence, the National Health Service of the U.K advised to include two bananas daily in the diet to consume 3,500mg of potassium per day which will further propel the growth of North America banana flakes market. The increasing diseases across the region and changing lifestyle is also bolstering the growth of food and beverage industry. Thus the growth in the food and beverage sector is expected to create a significant demand for banana flakes market in coming years, which is further anticipated to drive the market in North America. However the COVID-19 has affected the industries and economies in various countries such as the US, Canada, and Mexico. 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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the North America banana flakes market is expected to grow at a good CAGR during the forecast period.

North America Banana Flakes Market Revenue and Forecast to 2027 (US$ Mn)

North America Banana Flakes Market Segmentation

North America Banana Flakes Market – By Nature

• Organic
• Conventional

North America Banana Flakes Market – By Application

• Household
• Food and Beverages Industry
• Others

North America Banana Flakes Market – By Distribution Channel

• Supermarket/ Hypermarket
• Specialty Store
• Online
• Others

North America Banana Flakes Market, by Country

• US
• Canada
• Mexico

North America Banana Flakes Market-Companies Mentioned

• Z Natural Foods
• Van Drunen Farms
• P & G Industries
• Ingredient Inc.
• Diana Group

North America Banana Flakes Report Scope