Banana Bread Market: Global Industry Analysis and Forecast (2023-2029)

Banana Bread Market size was valued at US$ 1.20 Bn. in 2022 and the total revenue is expected to grow at 4.1% through 2023 to 2029, reaching nearly US$ 1.59 Bn.
Banana Bread Market Overview:
Banana bread is sugary bread made with the main ingredient being mashed bananas. Flour, eggs, oil, butter, sugar, baking powder, spices, nuts, milk, and flavorings are amongst the most regularly used components. It has a wet texture and is high in critical nutrients like fiber, potassium, protein, carbohydrate, and vitamins. It is widely available in flavored and unflavored varieties. As a result, it aids in the production of energy, the maintenance of muscle health, the regulation of blood pressure, and the preservation of heart health. In 2022, as per the food & agriculture association of the United Nations, the global industries especially tropical fruits reached the highest value of 7.7 million tons with such incremental growth rate of 6.4% as compared to the past year.To know about the Research Methodology :- Request Free Sample Report
Banana Bread Market Dynamics:
The growing demand for nutritionally balanced bakery products is driving the global industry. This is due to a rise in health knowledge among the general public and a shift in individual food choices. Along with this, increased urbanization and rising disposable incomes have fueled demand for pre-packaged convenience goods, propelling the market forward.

The advent of different flavored varieties in the market has further boosted the industry. Manufacturers are constantly increasing their product selection to meet the different needs of their clients, such as by introducing chocolate, blueberry, and strawberry banana bread. They're also introducing fortified food varieties that are loaded with oats, almonds, and protein ingredients to the market. Additionally, gluten-free banana bread is becoming increasingly popular among health-conscious consumers and people with gluten intolerance.

Also, Bananas are a healthful fruit that has been used in a variety of dishes, including bread. Calories, sugar, and fats are commonly found in packaged and bakery bread. As a result, traditional bread is giving way to a lighter, more nutritious banana loaf. As per the study conducted by the University of Leeds in the United Kingdom, eating more fiber-rich foods like bananas can reduce the risk of cardiovascular disease (CVD) and coronary heart disease (CHD). Adding this in daily food is good for the body. So, these major benefits will drive the banana bread market during the forecast period.

However, owing to increased consumption of bananas, brown sugar, jam, and honey is expected to have a negative influence on market growth throughout the forecast period.
Banana Bread Market Segment Analysis:
Based on Product, the global market is sub-segmented into Unflavoured and Flavoured. The Unflavoured segment held the largest market share of 70% in 2022. The product is available in a variety of ranges including gluten-free, low sugar, and vegan banana bread. Thus the segment is expected to gain traction during the forecast period.

The flavoured segment is expected to grow at the highest CAGR of xx% during the forecast period. Peanut butter, strawberry, blueberry, peach, pineapple, oats, vanilla, chocolate, cheese cream, and apple are among the flavors available in these bread. The bread's taste was increased by the availability of a variety of flavors, and consumers throughout today are constantly embracing a healthy lifestyle without compromising their taste senses.

Based on Distribution Channel, the global Banana Bread Market is sub-segmented into hypermarkets & Supermarkets, Convenience Stores, Online, and Others. The Online segment held a large share of xx% in 2022. This growth can be attributed to the sales channel's high level of ease. Furthermore, the global COVID-19 pandemic and increased social alienation are driving demand for these baked products via e-commerce. Consumers are increasingly using e-commerce platforms due to discounts, doorstep delivery, and the accessibility of a wide range of products. The big corporations operating in the offline sector, such as hypermarkets and supermarkets, are entering the e-commerce industry.
Banana Bread Market Regional Insights:
North America held the largest market share of 35.1% in 2022 and it remains to maintain its leading position in the global Banana Bread market during the forecast period. The United States is one of the greatest consumers of all types of bread, which provides the potential for this product to flourish in the regional market. These ingredients are commonly used in the preparation of a variety of foods, including cheese bread, and sandwiches. Customers are eagerly awaiting new goods with better flavor, taste, and nutritional properties, such as banana-based versions.

While Asia Pacific is expected to grow at the highest CAGR of xx% in the global banana bread market during the forecast period. These bread are highly popular in Australia because of their superior taste when compared to their normal equivalents. Customers are progressively choosing healthier bakery items, thus the adoption of these products is expanding. Furthermore, rising living standards, rising disposable income, and Western cuisine influence are opening up new market opportunities in the country. Over the forecast period, these trends are likely to increase demand for this product.

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Banana Bread Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.20 Bn.


Forecast Period 2023 to 2029 CAGR:
4.1%
Market Size in 2029:
US $ 1.59 Bn.


 Segments Covered:
by Product
Unflavoured
Flavoured


by Distribution Channel
Hypermarket & Supermarkets
Convenience Stores
Online
Others


by End User
Commercial
Residential



Banana Bread Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Banana Bread Market Key Players are:
1. Barnes Naturals Pty Ltd
2. General Mills, Inc.
3. Banana Bread Co
4. Mama Ka'z
5. King Arthur Baking Company, Inc.
6. Papa Joe's
7. Bakehouse
8. Big Banana Bread
9. Dank Banana Bread
10.The Essential Baking Company
11.Simple Mills
12.Havana Banana Breads
13.Orwashers New York Original Artisans Bakery
14.The Elegant Farmer
15.Simple Mills, Inc
16.Dank Brooklyn LLC
Frequently Asked Questions:
1] What segments are covered in Banana Bread Market report?
Ans. The segments covered in Banana Bread Market report are based on Product, Distribution Channel and End User.

2] Which region is expected to hold the highest share in the global Banana Bread Market?
Ans. North America is expected to hold the highest share in the global Banana Bread Market.

3] What is the market size of global Banana Bread Market by 2029?
Ans. The market size of global Banana Bread Market by 2029 is US $ 1.59 Bn.

4] Who are the top key players in the global Banana Bread Market?
Ans. Barnes Naturals Pty Ltd, The Kraft Heinz Company, Carl Kühne KG, PepsiCo Inc. and White House Foods are the top key players in the global Banana Bread Market.

5] What was the market size of global Banana Bread Market in 2022?
Ans. The market size of global Banana Bread Market in 2022 was US $ 1.20 Bn.

6] By Product, What segments are covered in global Banana Bread Market report?
Ans. The segments covered in global Banana Bread Market report by product are Unflavoured and Flavoured.