The banana flakes market in Europe is expected to grow from US$ 207.73 million in 2019 to US$ 284.52 million by 2027; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027.
Germany, France, UK, Italy, Russia, and Rest of Europe are the major economies in Europe. Health benefits related with the utilization of banana flakes. Banana flakes are prepared from naturally ripened bananas, which are carefully processed by dehydrating so as to maintain the taste and nutritional value in the flakes. Such flakes are known for their nutritional profile and are rich in minerals such as magnesium, calcium, potassium, iron, and zinc. Apart from this, banana flakes comprises of high levels of trace elements as well as vitamins including A, B, B6, B9, C, and E. Further, banana flakes are composed of 3% water along with low-fat content with higher content of fiber and potassium. Banana flakes are increasingly being used in food and beverages industry in preparation of breakfast cereals, desserts smoothies, infant nutrition, and other food items. The significant cultivating of bananas across several regions. Banana is grown in more than 120 countries. According to the Food and Agricultural Organization of the United Nations, the total annual production of banana in 2017 was 114 Million tones of fruits. Countries leading in the production of banana include Germany, France, UK, Italy, Russia, and Rest of Europe. Banana is considered as one of the essential food crops after wheat, rice, and maize. As the population is surpassing 7 billion, consumption requirements are also increasing tremendously. Moreover, escalating health awareness in various countries has led to the rising demand for banana and its products from multiple countries. Major banana producing countries widened the harvesting area to satisfy the growing food demands across the European region. The application of better irrigation systems also enhanced productivity. The application of better irrigation system also enhanced the productivity of bananas which is also bolstering the growth of the banana flakes industry. Thus, the growth in the production sector is expected to create a significant demand for banana flakes in the coming years, which is further anticipated to drive the banana flakes market in Europe.The COVID-19 has been affecting the Europe economies and industries in various countries, including the Germany, France, UK, Italy, Russia, and Rest of Europe. The lockdown in Europe affects the supply chains of various plants and factories and adversely impacts the manufacturing and sales of different food and beverages in this region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the Europe Banana Flakes market is expected to grow at a good CAGR during the forecast period.
Europe Banana Flakes Market Revenue and Forecast to 2027 (US$ Mn)
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Europe Banana Flakes Market Segmentation
Europe Banana Flakes Market – By Nature
- Organic
- Conventional
Europe Banana Flakes Market – By Application
- Household
- Food and Beverages Industry
- Others
Europe Banana Flakes Market – ByDistribution Channel
- Supermarkets/ Hypermarkets
- Specialty Stores
- Online
- Others
Europe Banana Flakes Market, by Country
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Europe Banana Flakes Market - Companies Mentioned
- Bata Food B.V.
- Diana Group
- Naturkostbar KG
- JOHS. THOMS GmbH & Co. KG
- Rabeler Fruchtchips Gmbh
- Van Drunen Farms
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Nature, Application, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Banana Flakes Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Expert Opinion
5. Banana Flakes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Health benefits related with the utilization of banana flakes
5.1.2 The significant cultivating of bananas across several regions
5.2 Market Restraints
5.2.1 Unacceptable for low carb diets and diabetic patients
5.3 Market Opportunities
5.3.1 Rising usage of banana flakes by food and beverage sector
5.4 Future Trends
5.4.1 Organic banana flakes gaining traction among consumers
5.5 Impact Analysis Of Drivers And Restraints
6. Banana Flakes– Europe Market Analysis
6.1 Banana Flakes Market Overview
6.2 Europe Banana Flakes Market –Revenue and Forecast to 2027 (US$ Mn)
7. Europe Banana Flakes Market Analysis – By Nature
7.1 Overview
7.2 Europe Banana Flakes Market, By Nature (2019 and 2027)
7.3 Organic
7.3.1 Overview
7.3.1.1 Organic: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Conventional
7.4.1 Overview
7.4.1.1 Conventional : Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
8. Europe Banana Flakes Market Analysis – By Application
8.1 Overview
8.2 Europe Banana Flakes Market, By Application (2019 and 2027)
8.3 Household
8.3.1 Overview
8.3.2 Household: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Food and Beverages Industry
8.4.1 Overview
8.4.2 Food and Beverages Industry: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 Others: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
9. Europe Banana Flakes Market Analysis – By Distribution Channel
9.1 Overview
9.2 Europe Banana Flakes Market Breakdown, By Distribution Channel, 2019 &2027
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets in Banana Flakes Market, Revenue Forecast to 2027 (US$ Mn)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores in Banana Flakes Market, Revenue and Forecast to 2027 (US$ Mn)
9.5 Online
9.5.1 Overview
9.5.2 Online in Banana Flakes Market, Revenue and Forecast to 2027 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others in Banana Flakes Market, Revenue and Forecast to 2027 (US$ Mn)
10. Banana Flakes Market – Country Analysis
10.1 Overview
10.2 Europe: Banana flakes Market
10.2.1 Europe: Banana flakes Market, by Key Country
10.2.1.1 Germany: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.2.1.1.1 Germany: Banana flakes Market, by Nature
10.2.1.1.2 Germany: Banana flakes Market, by Application
10.2.1.1.3 Germany: Banana flakes Market, by Distribution Channel
10.2.1.2 France: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.2.1.2.1 France: Banana flakes Market, by Nature
10.2.1.2.2 France: Banana flakes Market, by Application
10.2.1.2.3 France: Banana flakes Market, by Distribution Channel
10.2.1.3 Italy: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.2.1.3.1 Italy: Banana flakes Market, by Nature
10.2.1.3.2 Italy: Banana flakes Market, by Application
10.2.1.3.3 Italy: Banana flakes Market, by Distribution Channel
10.2.1.4 UK: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.2.1.4.1 UK: Banana flakes Market, by Nature
10.2.1.4.2 UK: Banana flakes Market, by Application
10.2.1.4.3 UK: Banana flakes Market, by Distribution Channel
10.2.1.5 Russia: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.2.1.5.1 Russia: Banana flakes Market, by Nature
10.2.1.5.2 Russia: Banana flakes Market, by Application
10.2.1.5.3 Russia: Banana flakes Market, by Distribution Channel
10.2.1.6 Rest of Europe: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
10.2.1.6.1 Rest of Europe: Banana flakes Market, by Nature
10.2.1.6.2 Rest of Europe: Banana flakes Market, by Application
10.2.1.6.3 Rest of Europe: Banana flakes Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Europe Banana Flakes Market
11.1 Europe: Impact assessment of COVID-19 Pandemic
12. Key Company Profiles
12.1 Bata Foods B.V.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Diana Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Naturkostbar KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 JOHS. THOMS GmbH & Co. KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 Rabeler Fruchtchips GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Van Drunen Farms
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe Banana Flakes Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. Germany Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 3. Germany Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 4. Germany Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 5. France Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 6. France Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 7. France Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 8. Italy Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 9. Italy Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 10. Italy Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 11. UK Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 12. UK Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 13. UK Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 14. Russia Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 15. Russia Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 16. Russia Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 17. Rest of Europe Banana Flakes Market, by Nature – Revenue and Forecast to 2027 (USD Mn)
Table 18. Rest of Europe Banana Flakes Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 19. Rest of Europe Banana Flakes Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 20. Glossary of Terms, Europe Banana Flakes Market
LIST OF FIGURES
Figure 1. Europe Banana Flakes Market Segmentation
Figure 2. Europe Banana Flakes Market Segmentation – By Country
Figure 3. Europe Banana Flakes Market Overview
Figure 4. Food and Beverage Segment Held Largest Share of Europe Banana flakes Market
Figure 5. Rest of Europe Region Held Largest Share of Europe Banana flakes Market
Figure 6. Europe Banana Flakes Market, Industry Landscape
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Banana Flakes Market Impact Analysis Of Driver And Restraints
Figure 10. Country Overview of Banana Flakes Market
Figure 11. Europe Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 12. Europe Banana Flakes Market Revenue Share, by Nature (2019 and 2027)
Figure 13. Europe Organic: Banana Flakes Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 14. Europe Conventional : Banana Flakes Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Europe Banana Flakes Market Revenue Share, by Application (2019 and 2027)
Figure 16. Europe Household: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Europe Food and Beverages Industry: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Europe Others: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Europe Banana Flakes Market Breakdown, by Distribution Channel, 2019 &2027 (%)
Figure 20. Europe Supermarkets and Hypermarkets in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 21. Europe Specialty Stores in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 22. Europe Online in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 23. Europe Others in Banana Flakes Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 24. Europe: Banana flakes Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. Germany: Banana Flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 26. France: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Italy: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 28. UK: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Russia: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Rest of Europe: Banana flakes Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Banana Flakes Market
- Bata Food B.V.
- Diana Group
- Naturkostbar KG
- JOHS. THOMS GmbH & Co. KG
- Rabeler Fruchtchips Gmbh
- Van Drunen Farms
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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