The global banana bread market size was USD 1.20 Billion in 2021 and is expected to register a revenue CAGR of 3.8% over the forecast period, according to the latest report by Reports and Data. Shift in consumer preference for healthy and nutritious bakery products with additional medicinal benefits is a major factor driving market revenue growth.
Banana bread has high quantities of magnesium, which is used by body for regulating nervous system and enhancing energy. Magnesium also aids in improving athletic or exercise performance. Vitamins A and C are present in bananas in good amount and remain stable even after baking into banana bread. Vitamin A helps to produce healthy teeth, bones, soft tissues, mucous membranes, and skin. In addition, it also helps to retain excellent vision, especially in low light. Vitamin C, which safeguards cells and promotes health of skin, bones, cartilage, and blood vessels.
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Top Companies Operating in the Global Banana Bread Market Report:
Banana Bread Company, Papa Joe’s Bakehouse, Simple Mills, Dank Banana Bread, King Arthur Baking Company, Inc., Oven Artisians Inc., The Banana Manna, The Elegant Farmer, Mama Kaz Bakery, and King Arthur Baking Company, Inc.
Some Key Highlights From the Report
- The flavored banana bread segment accounted for moderate revenue share over the forecast period. Customers have a wide selection of flavor options, such as peanut butter, strawberry, blueberry, peach, pineapple, oats, vanilla, and others, when it comes to banana bread. In addition, banana bread is nutritious and wholesome, but it also provides additional health advantages including improving immune system. Some banana bread includes different nuts, such as almonds and walnuts, which make them a fantastic source of vitamins and minerals.
- The online channels segment accounted for a major revenue share in 2021. It is attributed to factors such as no additional costs as products can be shipped directly from sellers. Expansion of this segment is attributed to low product costs, discounts, reviews, and ratings of customers regarding the product or service and assists significantly in making a purchase. Other factors, such as convenience, doorstep service, and availability of a diverse product selection, are driving revenue growth of this segment.
- The supermarkets hypermarkets segment is expected to register a steady revenue share over the forecast period. Freedom of selection, reasonable prices, and a one-stop destination for various products help in differentiation and are the primary reasons enabling more sales through this channel.
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The global Banana Bread market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Outlook (Revenue, USD Billion; 2019-2030)
- Flavored
- Nuts
- Chocolate
- Vanilla
- Cream Cheese
- Others
- Unflavored
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Supermarkets Hypermarkets
- Convenience Stores
- Online Stores
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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