The global banana bread market grew at a CAGR of around 4% during 2015-2020. Banana bread is a sweet bread that is prepared by using mashed bananas as the main ingredient. Some of the most commonly used ingredients include flour, eggs, oil, butter, sugar, baking powder, spices, nuts, milk and flavorings. Widely available in flavored and unflavored variants, it is characterized by a moist texture and is extremely rich in essential nutrients, such as fiber, potassium, protein, carbohydrate and vitamins. As a result, its consumption assists in boosting energy, promoting muscle health, regulating blood pressure levels and maintaining heart health.
The global market is primarily driven by the increasing demand for healthy and nutritious bakery products. This can be attributed to the increasing health-consciousness among the masses and the changing dietary preferences of individuals. Along with this, rapid urbanization and inflating disposable incomes of the masses have impelled the demand for pre-packaged convenience foods, thereby providing an impetus to the market growth. The market is further driven by the introduction of numerous flavored variants in the market. Manufacturers are continually expanding their product portfolio to cater to the diverse preferences of their customers by launching banana bread with chocolate, blueberry and strawberry flavors. They are also launching fortified product variants in the market that are enriched with oats, nuts and protein ingredients. Furthermore, the advent of gluten-free banana bread is gaining widespread prominence among health-conscious consumers and individuals with gluten allergies. This, coupled with the easy product availability across the online and offline organized retail portals, is expected to drive the market growth further. Looking forward, IMARC Group expects the global banana bread market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global banana bread market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, distribution channel and end user.
Breakup by Product:
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Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Banana Bread Co., Banana Manna, Big Banana Bread Co., Dank Brooklyn LLC, General Mills Inc., King Arthur Baking Company Inc., Mama Ka'z, Orwashers New York Original Artisans Bakery (Oven Artisans Inc.), Papa Joe's Bakehouse, Simple Mills, The Elegant Farmer and The Essential Baking Company Inc.
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