Global Banana Flakes Market Grows Steadily at a CAGR of 4.92%

Introduction

The global banana flakes market is experiencing steady growth, driven by the increasing consumer preference for natural and clean-label food products. As more people opt for minimally processed and additive-free ingredients, banana flakes have gained popularity owing to their natural sweetness and high fiber content. They are commonly used in products such as cereals, bakery items, and baby food.

The growing emphasis on health and nutrition has also boosted the demand for banana flakes, as they are rich in potassium and carbohydrates, key nutrients for energy and overall well-being. Additionally, the rising consumption of convenience foods has supported market expansion, with banana flakes offering long shelf life and ease of use in ready-to-eat products.

Moreover, the expansion of e-commerce platforms and enhancements in global supply chains are making banana flakes more accessible, particularly in developing regions. These trends are collectively supporting the continued growth of the banana flakes market worldwide.

Market Dynamics

Rising banana production drives the global market

The expansion of the global market is strongly linked to the increasing banana production across the world. A steady and ample supply of bananas is crucial for ensuring the uninterrupted manufacturing of banana flakes. This is particularly important to meet the growing demand from the food processing sector, which depends on high-quality, ripe bananas for creating value-added products such as flakes.

• As reported by the Food and Agriculture Organization (FAO), global banana output exceeded 127 million metric tons in 2023, with major producers including India, China, Indonesia, and the Philippines. Between 2013 and 2024, banana production grew at an average annual rate of 1.9%.

This consistent growth supports large-scale manufacturing, helps producers maintain cost efficiency, and facilitates the diversification of product offerings. Additionally, government initiatives to boost agricultural productivity and advancements in post-harvest technologies further enhance the reliability of the banana supply chain.

Growth of plant-based products creates tremendous opportunities

The growing preference for plant-based diets is opening up significant opportunities in the global market. With rising health awareness and environmental concerns, consumers are increasingly drawn to natural, plant-sourced ingredients. Banana flakes, known for being plant-based, allergen-free, and rich in nutrients, are well-positioned to benefit from this shift. They are becoming popular as functional components in a variety of products such as smoothies, breakfast cereals, snack items, and vegan baked goods.

• According to a 2021 global survey by NSF, 88% of food industry professionals expected increased demand for plant-based products. Moreover, 74% attributed this preference to health motivations, while 60% linked it to environmental awareness. Bloomberg also projects that the plant-based food sector could grow fivefold by 2030.

This growing trend boosts the potential market for banana flakes as a sustainable and health-focused ingredient.

Regional Analysis

The Asia Pacific market is witnessing robust growth, driven by the region’s abundant banana production and rising health awareness. Countries like India, the world’s largest banana producer, and the Philippines, a leading exporter, provide a steady raw material supply. Growing demand for nutritious, natural ingredients in packaged foods is accelerating product adoption, especially in countries such as China, Thailand, and Indonesia.

For instance, the rising popularity of healthy breakfast cereals and baby foods in urban Chinese markets is creating new avenues for banana flake-based products. Additionally, the flourishing Ayurvedic and herbal supplement market in India is incorporating banana flakes as a natural sweetening and binding agent. As e-commerce expands across the region, particularly in Southeast Asia, manufacturers are leveraging online platforms to reach health-conscious millennials, fueling further demand in the processed fruit ingredients segment.

Key Highlights

• The global banana flakes market size was valued at USD 51 million in 2024 and is projected to grow from USD 550.32 million in 2025 to reach USD 808.12 million by 2033, growing at a CAGR of 4.92% during the forecast period (2025–2033).
• By nature, the global banana flakes market is segmented into conventional and organic.
• By application, the market is divided into household, food and beverages, and others.
• By distribution channel, the market is classified into offline and online.
• Asia-Pacific is the highest shareholder in the global market.

Competitive Players

1. Dole Food Company
2. Diana Foods (Symrise AG)
3. Ingredion Incorporated
4. Rabeler Fruchtchips GmbH
5. Naturkostbar KG
6. Van Drunen Farms
7. Orchard Valley Foods Limited
8. Thoms GmbH & Co. KG
9. Z Natural Foods LLC
10. Bardakci Group

Recent Developments

• In January 2025, Beyond Snack, a banana chips manufacturer, secured $8.3 million in a Series A funding round. The round was led by 12 Flags Group, a consumer-focused investment firm founded by Rakesh Kapoor, the former global CEO of Reckitt Benckiser. Japanese venture capital firm Enrission India Capital also took part, alongside existing investors NAB Ventures and Faad Network. The company plans to utilize the newly raised funds to expand into new markets, enhance product innovation, and enhance its supply chain infrastructure.

Segmentation

1. By Nature
   1. Conventional
   2. Organic
2. By Application
   1. Household
   2. Food and Beverages
   3. Others
3. By Distribution Channel
   1. Offline
   2. Online
4. By Regions
   1. North America
   2. Europe
   3. Asia-Pacific
   4. Latin America
   5. The Middle East and Africa