Market Overview:
Banana chips are a type of snack food made from sliced dehydrated bananas. They are often sweetened and can be eaten either as a snack or as an ingredient in other dishes. The global banana chips market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. Some of the key factors that are driving the growth of this market include rising demand for healthy snacks, increasing urbanization, and growing disposable income levels in emerging economies. The global banana chips market is segmented on the basis of type into sweetened and unsweetened banana chips. The sweetened segment is expected to account for the majority share in terms of revenue in 2018, owing to its high demand among consumers across all regions studied herein.
Product Definition:
Banana Chips are thin slices of banana that are dried and then fried. They are often sprinkled with sugar or cinnamon and served as a snack.
Sweetened:
The global sweetened, it's usage and growth factor in banana chips market size was valued at USD 1.08 billion in 2016. It is expected to witness a significant increase during the forecast period owing to rising health consciousness among consumers across the world especially in U.S.
Unsweetened:
Unsweetened is a natural flavor and it's used as banana chips' flavoring agent. It helps to deliver the authentic taste of fresh bananas. The demand for this product has been increasing over the past few years on account of its health benefits, such as low calories and high potassium content.
It also contains other minerals including iron, magnesium, zinc, copper and manganese which are beneficial for blood circulation in our body leading to improved heart health.
Application Insights:
Offline sales dominated the market with a share of over 80.0% in 2017. The offline channels include retail stores, restaurants and food chains, supermarkets and hypermarkets, local vendors and convenience stores. These channels offer extensive product availability across various regions which is expected to propel the growth over the forecast period.
Online sales are projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing internet penetration in developing countries such as India, Bangladesh, Vietnam among others which has resulted in increased online shopping for products including bananas chips among consumers who prefer buying these snacks online due to ease of access along with discounts offered on regular basis by various companies operating in this industry globally.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is one of the largest consumers owing to high demand from various application segments, including offline and online channels. Factors such as changing lifestyles and rising health consciousness are expected to drive product demand over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regional markets during the forecast years on account of increasing consumer disposable income levels coupled with growing population growth rates in emerging economies like China and India. Furthermore, increased spending power among middle-class groups will fuel product sales over this period.
Growth Factors:
- Increasing demand for healthy snacks: The global banana chips market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for healthy snacks across the globe.
- Rising disposable income: The growth of the banana chips market is also attributed to the rising disposable income of consumers in developing countries, which has led to an increase in their spending on food products, including snacks.
- Growing popularity of convenience foods: Convenience foods are gaining popularity among consumers due to their easy-to-eat and portability features. This is expected to drive the growth of the banana chips market during the forecast period.
- Proliferation of retail formats: The proliferation of retail formats such as supermarkets and hypermarkets is providing a platform for manufacturers operating in this market to showcase their products and expand their customer base furthering fuelling growth prospects over coming years . 5) Technological advancements: With technological advancements taking place at a rapid pace, new varieties or flavorsofbanana chips are being developed by manufacturers that are healthier as well as tastier than traditional variants
Scope Of The Report
Report Attributes
Report Details
Report Title
Banana Chips Market Research Report
By Type
Sweetened, Unsweetened
By Application
Online Sales, Offline Sales
By Companies
Gold Chips, EL Coco, BG Fruits and Nuts Manufacturing Corporation, Prime Fruits International, Four Seasons Fruits Corporation, LTA FOODS MANUFACTURING, KF Nutri Foods International, Snapsnax Ventures, Jamaica Producers Group, Mota Chips, Gold Chips
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Banana Chips Market Report Segments:
The global Banana Chips market is segmented on the basis of:
Types
Sweetened, Unsweetened
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gold Chips
- EL Coco
- BG Fruits and Nuts Manufacturing Corporation
- Prime Fruits International
- Four Seasons Fruits Corporation
- LTA FOODS MANUFACTURING
- KF Nutri Foods International
- Snapsnax Ventures
- Jamaica Producers Group
- Mota Chips
- Gold Chips
Highlights of The Banana Chips Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sweetened
- Unsweetened
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Banana Chips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Banana chips are a type of snack food that are made from banana slices that have been deep-fried.
Some of the major companies in the banana chips market are Gold Chips, EL Coco, BG Fruits and Nuts Manufacturing Corporation, Prime Fruits International, Four Seasons Fruits Corporation, LTA FOODS MANUFACTURING, KF Nutri Foods International, Snapsnax Ventures, Jamaica Producers Group, Mota Chips, Gold Chips.
The banana chips market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Banana Chips Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Banana Chips Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Banana Chips Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Banana Chips Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Banana Chips Market Size & Forecast, 2020-2028 4.5.1 Banana Chips Market Size and Y-o-Y Growth 4.5.2 Banana Chips Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sweetened
5.2.2 Unsweetened
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Banana Chips Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Banana Chips Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sweetened
9.6.2 Unsweetened
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sweetened
10.6.2 Unsweetened
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sweetened
11.6.2 Unsweetened
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sweetened
12.6.2 Unsweetened
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sweetened
13.6.2 Unsweetened
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Banana Chips Market: Competitive Dashboard
14.2 Global Banana Chips Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gold Chips
14.3.2 EL Coco
14.3.3 BG Fruits and Nuts Manufacturing Corporation
14.3.4 Prime Fruits International
14.3.5 Four Seasons Fruits Corporation
14.3.6 LTA FOODS MANUFACTURING
14.3.7 KF Nutri Foods International
14.3.8 Snapsnax Ventures
14.3.9 Jamaica Producers Group
14.3.10 Mota Chips
14.3.11 Gold Chips