Banana bread market by type (nuts, chocolates, vanilla, cream cheese), end user (commercial and residential use) and distribution channel (direct and indirect)
PORTLAND, OR, UNITED STATES, November 23, 2021 /EINPresswire.com/ – More than 1000 varieties of bananas are available on the market. Of these, the most common variety that the banana industry relies on is the seedless Cavendish banana. According to the Food and Agriculture Organization of the United Nations, banana muffins, banana split, banana pudding, Banana bread, and banana pancakes are among the most prevalent banana byproducts in the world. Banana bread is a sweet, chewy, cake-like quick bread made from mashed bananas. It includes ingredients such as bananas, flour, dairy products, oil, butter, spices, nuts, baking powder, and granulated sugars.
The easy availability of banana bread on various platforms ranging from modern commerce to online sales channel is a key factor driving the growth of the global banana bread market. In addition, the increase in retail sales penetration has increased the growth of the banana bread market. In addition, the availability of banana bread on e-commerce platforms has made it possible to purchase products without physical constraints for consumers. In addition, e-commerce provides customers with product and price information, as well as benefit comparison and comprehensive value assessment before purchase. Additionally, increased spending by millennials on fast food has led to an increase in demand for banana bread. In addition, the increase in health awareness among consumers has prompted manufacturers to introduce gluten-free banana bread, which in turn is expected to propel the market growth.
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According to the Food and Agriculture Organization of the United Nations, bananas are produced in more than 135 countries and territories in the tropics and subtropics. India ranks first for banana production with 29.7 million tonnes per year, followed by Uganda with 11.1 million tonnes per year and China with 10.7 million tonnes per year.
The global banana bread market is segmented on the basis of type, end user, distribution channel and region. By type the market is categorized into nuts, chocolate, vanilla, and cream cheese. Based on the end user, it is divided into commercial use and residential use. Depending on the distribution channel, it is separated into direct and indirect. Regarding the region, it is analyzed in North America, Europe, Asia-Pacific and LAMEA.
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The major players operating in the banana bread market are Banana Bread Company, Papa Joe’s Bakehouse, Simple Mills Inc., Dank Banana Bread, King Arthur Flour, Orwashers New York Original Artisans Bakery and Big Banana Bread.
KEY BENEFITS FOR STAKEHOLDERS
This report provides quantitative analysis of current trends, estimates, and current dynamics of the global Banana Bread market from 2018 to 2026 to identify existing market opportunities.
Key countries in all major regions are mapped according to their market share.
Porter’s Five Forces Analysis highlights the power of buyers and suppliers to empower stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
A thorough analysis of the market segmentation helps in determining the existing market opportunities.
Top countries in each region are mapped based on their contribution to global industry revenue.
The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
The report includes regional and global market analysis, major players, market segments, application areas, and growth strategies.
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