The banana puree market is experiencing a significant growth, and is anticipated to experience significant growth in the next few years. Banana puree is made by the blending of the bananas into thick and soft pulp. It is a very good source for potassium, and is rich in dietary fiber. These minerals present in the banana puree help consumers to maintain a healthy heart by lowering the risk of the heart diseases.It also helps in regulating the blood pressure, acidity level, and maintaining water balance in the body. These factors are helping the banana puree market to experience growth and further boost the growth of the food & beverages industries. Shot lifespan of the bananas and banana puree limit the market growth.
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COVID-19 Impact analysis
• The COVID-19 has impacted various industries but has majorly impacted the food & beverage industry, which fulfills the essential requirements of the consumers.
• During the pandemic the consumers were much concerned about their health and thus, there has been an increase in the demand for the immunity boosters and banana puree is one of them.
• However, the lockdown and closures of the plants and factories has resulted in the decrease in the production of the banana puree as most of the countries have been facing the COVID-19 crisis, which has forced the economies to shut down the operations.
• The huge spread of the pandemic has created a panic situation among the consumers as there is temporary shutdown of the retail stores, which leads to the increase in the demand and sale of the convenience foods such as the bakery, confectionery and baby nutritious foods. Thus, these applications contribute toward higher and brighter prospects of the banana puree market and the food & beverages market.
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Top Impacting Factors
• Surge in the demand for functional beverages and rise in demand for baby nutritious food is anticipated to boost the demand for banana puree market, as the puree is used in most of the other beverages and baby food.
• However, banana puree and banana have a short lifespan, which makes it a perishable product and thus contributes as one of the restraining factors for the purchase of banana puree.
• Moreover, the U.S. is the hub of manufacturing banana puree and consumption of banana puree. Therefore, there is a risk of fluctuating import prices, which is anticipated to hinder the growth of the banana puree market.
Market Trends
Infant food application segment
The baby and infant food segment accounts for the largest share which contributes to the inclination of women toward healthier, nutritious, sweet, and tasty food. The kind of nutrition provided by banana puree is great and boosts the development of the food & beverage industries to try and make new recipes for infants and babies.
Banana puree is helpful for the babies as it helps in controlling diarrhea, and reduces skin inflammation. This in turn boosts the growth of the market
Key Benefits of the Report
• This study presents the analytical depiction of the banana puree industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the banana puree market share.
• The current market is quantitatively analyzed from 2021 to 2030 to highlight the banana PUREE market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed banana puree market analysis based on competitive intensity and how the competition will take shape in coming years
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