According to a new report by Expert Market Research titled, “Global Organic Banana Market Share, Size, Report and Forecast 2024-2032″, the global organic banana market is projected to grow at a CAGR of more than 10.5% between 2024 and 2032. Aided by increasing awareness about health and food safety and growing demand for plant-based food items among health-conscious consumers, the market is expected to grow significantly by 2032.
Bananas, widely consumed for their nutritive benefits and convenience, have seen a considerable shift in consumption patterns. Organic bananas, devoid of synthetic pesticides, fertilisers, or genetically modified organisms, are emerging as the preferred choice for health- conscious consumers. These bananas are not only recognised for their superior taste but also for the assurance of being free from harmful chemical residues.
Modern-day consumers, being more informed, are gravitating towards produce that ensures a sustainable farming approach and offers optimal health benefits. Thus, there has been a substantial rise in supermarket shelves being stocked with organic bananas, asserting their ever-growing popularity.
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The organic banana market growth can be attributed to the changing consumption patterns of the consumers globally. Consumers are not only becoming vigilant about what they consume but are also proactively seeking out certifications and labels that guarantee organic authenticity. This, coupled with increasing disposable incomes, especially in emerging economies, has paved the way for a more demand for organic bananas.
The organic banana market analysis reveals that the retail sector plays a pivotal role in shaping the market’s trajectory. Supermarkets, hypermarkets, and even online grocery retailers have been vital in boosting the market growth, facilitating consumer access to organic bananas. Additionally, the adoption of innovative packaging solutions that emphasise the organic nature of the produce is further enhancing the consumer appeal.
Furthermore, the growth of the food and beverage sector favours the organic banana market demand. Many manufacturers in the organic food sector are incorporating organic bananas in their offerings, be it in organic banana chips, smoothies, or baked goods. The food processing industry’s inclination towards raw materials that resonate with the consumers’ demand for ‘clean label’ products undeniably pushes the demand for organic bananas.
The global organic banana market size is expanding due to rising consumer demand for healthier and environmentally friendly produce. As the world leans more towards sustainable consumption patterns and prioritises health and well-being, organic foods, including bananas are likely to become a staple in global diets.
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Market Segmentation
The market can be divided based on distribution channel and region.
Market Breakup by Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Stores
• Speciality Store
• Online
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global organic banana market. Some of the major players explored in the report by Expert Market Research are as follows:
• Chiquita Brands International Sàrl
• Coliman Group SA de CV
• Del Monte Fresh Produce Company
• Dole Food Company Inc.
• Fyffes Limited
• Agroamerica Fruit Company
• Arco International Co., Ltd.
• Agro Fair Benelux B.V
• Grupo Iren
• The African Food Company, Lda
• Others
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