Banana chips are made from the Saba and Cardava variety of banana. For making chips, fresh bananas are picked in their mature green stage and then peeled, washed, sliced and fried or baked. The color of these banana chips ranges from light to golden yellow. Banana chips are popularly consumed as a snack food. They are high in fiber and are an excellent source of manganese and other minerals such as potassium, iron, copper etc.
MARKET SCOPE
The "Global Banana Chip Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the banana chip market with detailed market segmentation by product, category, distribution channel, and geography. The report provides key statistics on the market status of the banana chip market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global banana chip market is segmented into fried and baked
- Based on category , the market is bifurcated into organic and conventional
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retails, and others
MARKET DYNAMICS
Drivers:
- The growing demand for packaged food products and snack foods including banana chips are the key factors fueling the global market growth.
- A wide range of varieties along with attractive packaging offered by key players in the market further propels the market growth.
Restraints:
- The availability of alternative snack food items in the market may hinder the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The banana chip market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the banana chip in these regions.
IMPACT OF COVID-19 ON BANANA CHIP MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the banana chip market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from banana chip market are anticipated to lucrative growth opportunities in the future with the rising demand for banana chip in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the banana chip market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Sincerely Nuts
- Traina Foods
- Mota Chips
- KENKKO CORPORATION
- Celebes Coconut Corporation
- PepsiCo
- Four Seasons Fruits Corporation
- Prime Fruits International, Inc
- BG FRUITS AND NUTS CORP
- LTA Foods Manufacturing
- Postcard
- Royce Food Corporation
- Anna and Sarah
- Sonal Foods
- Food to Live
- Greenville Agro Corporation
- Barnana
- We Got Nuts
- Gerbs Pumpkin Seeds Co. Inc.
- Jamaica Producers Group Ltd.