According to the latest research, the global Banana market size was valued at USD 64064.52 million in 2022 and is expected to expand at a CAGR of 3.06% during the forecast period, reaching USD 76764.13 million by 2028.
Lower purchase prices have stimulated conflicts between banana farmers and wholesalers
Take India as an example. More than 70% of banana cultivation in Maharashtra, India is concentrated in Jalgaon County. The county daily published a series of reports accusing wholesalers of making unreasonable profits. Wholesalers responded that high truck rents, soaring wages, increased fixed costs, and delays due to epidemic-related sales restrictions have all squeezed their profits.
As the epidemic improved, the industry quickly recovered
As major banana exporters in China and Japan have achieved initial results in the control of the epidemic, some companies have resumed business activities and started to buy bananas. Banana export shipments are also slowly improving. Banana exports are expected to return to normal in a relatively short period of time. With the normalization of more port transportation, the reopening of supermarkets and retail stores, the gradual recovery of banking, express delivery and other services, the situation of the entire fruit export industry has gradually improved. Therefore, we believe that the negative impact of COVID-19 on banana exports Relatively short.
Strength
Banana planting area in East Union countries is expanding rapidly.
Banana is a plant that is loved by people because of its delicate and delicious flesh and abundant nutrients.
Bananas are the second largest fruit in the world. Banana consumption and trade volume both account for the largest fruit in the world.
Weakness
Product added value is relatively low.
In many areas, banana production varieties are relatively single, and varieties are highly similar, which makes it difficult to meet the needs of different ecological conditions and different market choices.
Some banana farmers blindly apply pesticides and fertilizers, which greatly affects the internal quality of bananas.
Opportunity
Moderate growth in global banana production.
The pre-cooling, fresh-keeping, ripening and other links of ASEAN producing countries continue to be mature.
Threat
The epidemic has had a huge negative impact on the production and industrial supply chains of exporting countries.
The banana market has been sluggish in the past three.
Region Overview:
In 2021, the share of the Banana market in Asia stood at 60.31%.
Company Overview:
Walmart is one of the major players operating in the Banana market, holding a share of 3.8% in 2022.
Walmart
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas.
Carrefour
Carrefour operates supermarkets, hypermarkets, cash and carry stores, and e-commerce websites. The Company offers consumer goods, food and non-food products, household supplies, textiles, electronics, home appliances, and local products.
Application Overview:
By application, the Carrefour segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Banana industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Banana. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Banana Market Report Include:
Market Size Estimates: Banana market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Banana market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Banana market
Segment Market Analysis: Banana market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Banana market situations and prospects in major and top regions and countries
Banana Market
Banana Industry Chain: Banana market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Banana Industry News, Policies by regions
Banana Industry Porters Five Forces Analysis
Key players in the global Banana market are covered in Chapter 2:
Waitrose
Costco
Edeka
Migros
Mercadonna
Auchan
Jerónimo Martins
Isetan
Dansk Supermarked
Walmart
NorgesGruppen
Daiei
Takashimaya
Casino
Axfood
Asda (Wal-Mart)
Aldi
Rewe Group
7–Eleven
FamilyMart
Leclerc
Sainsbury
DIA
The Co-operative Group
Ahold Delhaize (Albert Heijn)
Morrison
Superunie
E-mart
Marks & Spencer
Metro
Norma
Carrefour
Tesco
Lotte Mart
Intermarche
AEON Company
Reitan
Lawson
Coop
ICA
Lidl
Jumbo
In Chapter 6 and Chapter 9, on the basis of types, the Banana market from 2018 to 2028 is primarily split into:
Fresh
Processing
In Chapter 7 and Chapter 10, on the basis of applications, the Banana market from 2018 to 2028 covers:
Hypermarkets
Supermarkets
Discount Stores
Convenience Store
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Banana market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Banana industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Banana market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Banana industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Banana market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Banana market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Banana market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Lower purchase prices have stimulated conflicts between banana farmers and wholesalers
Take India as an example. More than 70% of banana cultivation in Maharashtra, India is concentrated in Jalgaon County. The county daily published a series of reports accusing wholesalers of making unreasonable profits. Wholesalers responded that high truck rents, soaring wages, increased fixed costs, and delays due to epidemic-related sales restrictions have all squeezed their profits.
As the epidemic improved, the industry quickly recovered
As major banana exporters in China and Japan have achieved initial results in the control of the epidemic, some companies have resumed business activities and started to buy bananas. Banana export shipments are also slowly improving. Banana exports are expected to return to normal in a relatively short period of time. With the normalization of more port transportation, the reopening of supermarkets and retail stores, the gradual recovery of banking, express delivery and other services, the situation of the entire fruit export industry has gradually improved. Therefore, we believe that the negative impact of COVID-19 on banana exports Relatively short.
Strength
Banana planting area in East Union countries is expanding rapidly.
Banana is a plant that is loved by people because of its delicate and delicious flesh and abundant nutrients.
Bananas are the second largest fruit in the world. Banana consumption and trade volume both account for the largest fruit in the world.
Weakness
Product added value is relatively low.
In many areas, banana production varieties are relatively single, and varieties are highly similar, which makes it difficult to meet the needs of different ecological conditions and different market choices.
Some banana farmers blindly apply pesticides and fertilizers, which greatly affects the internal quality of bananas.
Opportunity
Moderate growth in global banana production.
The pre-cooling, fresh-keeping, ripening and other links of ASEAN producing countries continue to be mature.
Threat
The epidemic has had a huge negative impact on the production and industrial supply chains of exporting countries.
The banana market has been sluggish in the past three.
Region Overview:
In 2021, the share of the Banana market in Asia stood at 60.31%.
Company Overview:
Walmart is one of the major players operating in the Banana market, holding a share of 3.8% in 2022.
Walmart
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas.
Carrefour
Carrefour operates supermarkets, hypermarkets, cash and carry stores, and e-commerce websites. The Company offers consumer goods, food and non-food products, household supplies, textiles, electronics, home appliances, and local products.
Application Overview:
By application, the Carrefour segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Banana industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Banana. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Banana Market Report Include:
Market Size Estimates: Banana market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Banana market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Banana market
Segment Market Analysis: Banana market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Banana market situations and prospects in major and top regions and countries
Banana Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Banana Industry Chain: Banana market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Banana Industry News, Policies by regions
Banana Industry Porters Five Forces Analysis
Key players in the global Banana market are covered in Chapter 2:
Waitrose
Costco
Edeka
Migros
Mercadonna
Auchan
Jerónimo Martins
Isetan
Dansk Supermarked
Walmart
NorgesGruppen
Daiei
Takashimaya
Casino
Axfood
Asda (Wal-Mart)
Aldi
Rewe Group
7–Eleven
FamilyMart
Leclerc
Sainsbury
DIA
The Co-operative Group
Ahold Delhaize (Albert Heijn)
Morrison
Superunie
E-mart
Marks & Spencer
Metro
Norma
Carrefour
Tesco
Lotte Mart
Intermarche
AEON Company
Reitan
Lawson
Coop
ICA
Lidl
Jumbo
In Chapter 6 and Chapter 9, on the basis of types, the Banana market from 2018 to 2028 is primarily split into:
Fresh
Processing
In Chapter 7 and Chapter 10, on the basis of applications, the Banana market from 2018 to 2028 covers:
Hypermarkets
Supermarkets
Discount Stores
Convenience Store
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Banana market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Banana industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Banana market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Banana industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Banana market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Banana market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Banana market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.