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World - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights

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Apr 21, 2017

Global Banana Market to Reach 158M Tons by 2025

Photo: © Fotoember / Bigstockphoto

According to market research conducted by IndexBox, global banana market had total revenues of X million USD in 2015, seesawing over the last three years, after a steady growth from 2007 to 2012. In physical terms, the market showed positive dynamics, growing by +X% from 2007 to 2015. It finally reached X million tons in 2015, which was X% more than the year before. The banana sector as a whole is expected to continue with an upward consumption trend in the next six years. However, the performance of the market is forecast to continue an upward trend, with an anticipated CAGR of +X% for the ten-year period from 2015 to 2025, which is expected to drive the market volume to X million tons by the end of 2025.
There are a number of growth drivers for banana consumption in the medium term. The strong global demand for the product, fueled by the global population growth, is the most significant contributing factor.

Bananas are among some of the most popular fruits consumed globally due to their taste and nutritional value. Although they can be consumed fresh, bananas also have many other culinary applications, including juices, sauces, and baked goods. The popularity of bananas across the globe will fuel their demand in the medium term.

The health benefits of bananas have also contributed to the rise in consumption of this fruit, both in its fresh and processed state. Consumers have learned many health benefits of consuming bananas. The recommended daily fruit intake, particularly in the U.S., Canada, Australia, and Western Europe, has also influenced the growth in demand for bananas. In line with these health recommendations, juice manufacturers are providing constant product updates and innovations.

Different authorities in the sphere of agriculture are working hand-in-hand with independent growers in the developing countries, which happen to be the biggest producers of bananas. These organizations help the farmers develop and maintain good cultivation practices, prevent and help fight plant diseases, strengthen producer organizations, and develop marketing strategies for their products. This will help the industry grow in the medium term, allowing it to overcome some of the major difficulties for banana growers, including large post-harvest losses and fruit diseases.

Disease control is one of the main restraints for industry growth in the medium term. There are many diseases that harm crop yields, including Fusarium Wilt and a variety of fungal infections. Apart from diseases, logistical and infrastructure problems may lead to post-harvest fruit losses in some of the major producing countries, which can decrease output by X%. Developed countries have found solutions for these problems, but it will take a significant amount of time and a considerable amount of resources to reach the farmers in the developing countries, which may restrain industry growth in the medium term.

Weather is another substantial risk and a potential constraint of global banana production. Changing climatic conditions are a large concern for farmers. Rains, droughts, or too much humidity can cause significant challenges for growing and harvesting the fruit. This is another significant inhibition to industry development in the medium term.

Banana producers have been under a lot of pressure to ensure sustainable sourcing of their products. This requires additional investments from producing companies, which, in turn, can increase the bottom line price. This may be one of the biggest global restraints for growth in the industry in the medium term.

Although multinational companies have always been important players in the global banana trade, their involvement in actual fruit production has decreased significantly in the last few years. Companies have shifted their operations to favor other areas in the sector, thus opening the door to opportunities for smaller companies. As a result, big companies do not entirely dominate the market, making it a lot easier for new buyers to enter it. This shows that the scope of operations of large corporations has undergone a significant shift away from plantation ownership and production, leaning more towards post-production logistics, including sourcing from producers, transportation, facilities to ripen the fruit, and marketing. This will drive the growth in supply in the medium term and may contribute to lowering the price of bananas, which, in turn, can help the industry grow in volume terms, but decrease in value terms.

Large retail supermarket chains in developed economies have become important players on the global banana market. They dominate the retail market in the main banana-consuming countries and, at the same time, are purchasing directly from growers. This shift of market power away from the major banana brands towards retailers is another factor that will increase the product supply on the global market, which will help the industry grow in volume terms, but most likely, will restrain its growth in value terms.

Do you want to know more about the global banana market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • banana market share
  • banana prices
  • banana industry
  • banana sales
  • banana market forecast
  • banana price forecast
  • key banana producers

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global banana and plantain market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 486 - Bananas
  • FCL 489 - Plantains

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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