Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the banana
bread market provides an in-depth analysis of segments and sub-segments in the
global as well as regional banana bread market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
banana bread market over the short term as well as the long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the global
banana bread market. According to the report, the global banana bread market is
projected to grow at a CAGR of over 4% over the forecast period of 2022-2028.
The global banana bread market was valued at about USD 1.2 billion
in 2022 and is expected to reach around USD 1.5 billion in 2028, with a CAGR of
over 4% during the forecast period. Consumer taste for wholesome, nutritious
bakery goods with added medicinal benefits is predicted to change, and this is
projected to be a key driver of market expansion. The heart, digestive system,
and overall health are all greatly enhanced by bananas, which also aid in
controlling weight. Over the projected period, it is anticipated that these
medical qualities will support product demand. The need for nourishing and
healthy diets to achieve health and wellness has increased over the last
several years as consumers' health consciousness has increased. In practically
every kitchen in the world, bread is a staple dish that is also frequently
consumed in breakfast.
The easy accessibility of banana bread via a variety of venues,
from modern trade to online sales channels, is a major driver of the worldwide
banana bread market's expansion. Additionally, a rise in the penetration of
retail sales has accelerated the market's expansion for banana bread.
Furthermore, consumers now have the comfort of shopping for items without any
physical restrictions thanks to the availability of banana bread on e-commerce
platforms. E-commerce also provides clients with information on products and
pricing, as well as the ability to compare benefits and perform a thorough
value assessment prior to making a purchase. Banana bread demand has also
surged as a result of millennials spending more money on fast food.
Additionally, the rise in consumer health consciousness has encouraged
producers to release gluten-free banana bread, which is anticipated to fuel
market expansion. The majority of variations of banana bread continue to be
high in added sugar, refined carbs, and total calories despite the fact that it
contains certain significant elements, such as potassium. This is a significant
additional aspect that is anticipated to restrain the development of the global
banana bread market over the study year.
Owing to decreasing sales volumes caused by the COVID-19 epidemic,
as well as supply-side concerns with certification and quality, the bread
market in the region suffered unprecedented effects. The majority of bread
goods sold in the area have been through convenience stores and specialized
shops. Bread consumption decreased as a result of the lockdown, which caused an
increasing number of stores to close for a prolonged amount of time. However,
it was able to increase sales through retail locations that remained open
during the COVID-19 pandemic.
The research offers a regional outlook that includes the rest of
the world in addition to regions like North America, Europe, and Asia-Pacific.
With a share, North America dominated the regional banana bread market. Since
the United States is one of the countries that consumes the most bread overall,
there are expansion potential for this good in the local market. These
ingredients are frequently used to prepare a variety of foods, including
sandwiches and cheese bread. Customers are avidly seeking new products with
improved flavour, taste, and nutritious qualities, such variations made from
bananas. With a considerable CAGR, Asia Pacific is predicted to have the
quickest rate of growth in the area. Due to its superior taste compared to its
conventional equivalents, this bread is highly popular in Australia. Due to
consumers' growing preference for healthy bakery items, these products are
becoming more and more popular. Additionally, the country's market is expanding
due to rising disposable income, higher living standards, and the influence of
Western food. Over the course of the projection period, these trends are
anticipated to increase demand for this product.
The report on global banana bread market covers segments such as
products, end user, and distribution channel. On the basis of products, the
sub-markets include flavored, and unflavored. On the basis of end user, the
sub-markets include commercial, and residential. On the basis of distribution
channel, the sub-markets include offline, and online.
The report provides profiles of the companies in the market such
as General Mills, Inc., Banana Bread Company, Mama Kaz
Bakery, King Arthur Baking Company, Inc., Papa Joe's
Bakehouse, Banana Bread Baking Co., DANK Brooklyn, The Essential Baking
Company, Simple Mills, and Havana Banana Breads.
The report provides deep insights into demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the banana bread
market. Moreover, the study highlights current market trends and provides
forecasts from 2022-2028. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
Please Choose One of them.