Global Banana Puree Market By Type ( Organic, Conventional ), By Application ( Beverages, Infant Food, Bakery & Snacks Dressings & Sauces, Ice Cream & Yoghurt ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The Global Banana Puree Market is projected to grow at 6.29% CAGR over the forecast period. Market value is expected to rise from USD 593.4 Million in 2023 to USD 958.13 Mn by 2033. Banana purée is a very popular dessert across the globe. This is made by blending bananas and a sweetener, sometimes with additional ingredients like sugar or cream. Banana puree can be used as a topping on ice cream and other desserts, or in cooking. Banana puree can also be made from mashed bananas. These are then blended. This banana puree can also be used to fill baked goods such as cakes or to top ice cream.

Growing Demand:

Global demand for baby food has been boosted by the increase in women’s employment. Baby yogurt and other protein-rich cereals often have purees that contain different flavors.

Because banana puree is so popular in the manufacture of a variety of edible products, the infant food segment has outperformed all other segments in banana purée production. It is expected that the infant food segment will be valued at approximately USD 948.3 million by 2033. This makes it the largest segment of the banana puree market.

Banana Puree Market Scope:

By Type, the market is segmented into Organic. and Conventional. By Application, the market is divided into Beverages, Infant Food, Bakery & Snacks Dressings & Sauces, and Ice Cream & Yoghurt. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, Latin America and the Middle East, and Africa. Major players profiled in the report include Symrise, Dohler, Kiril Mischeff, Riviana Foods, Nestle S.A., The Hain Celestial Group, The Kraft Heinz, Ariza, Newberry International Produce Limited, Grunewald Fruchtsaft, Tree Top, Hiltfields, Shimla Hills Offerings, Antigua Processors and SunOpta Grains and Foods.

Key Market Segments:

Type

Organic

Conventional

Application

Beverages

Infant Food

Bakery & SnacksDressings & Sauces

Ice Cream & Yoghurt

Key Market Players included in the report:

Symrise
Dohler
Kiril Mischeff
Riviana Foods
Nestle S.A.
The Hain Celestial Group
The Kraft Heinz
Ariza
Newberry International Produce Limited
Grunewald Fruchtsaft
Tree Top
Hiltfields
Shimla Hills Offerings
Antigua Processors
SunOpta Grains and Foods

Driving Factors:

Market revenue for banana puree is expected to rise at a healthy CAGR due to the high demand from millennials as well as emerging markets. Technological advancements in the Banana Puree Market have enabled efficient production, an expanding product portfolio, sophisticated packaging, operational maintenance, and sales monitoring to be key growth drivers.

Restraining Factors:

“Environmental Conditions Affect Banana Produce”

Market growth has been limited by uneven environmental conditions. This has had a major impact on banana production, which in turn affects banana puree prices. Unfavorable climate conditions have caused a widening gap between demand and supply, which has led to problems for food safety programs in various countries.

Produced banana purees face challenges due to severe climatic conditions like extreme or limited rainfall, extreme cold, or hot weather, as well as fluctuations in import prices. Other than this, bananas have a short shelf life, banana browning problems, and difficulties in fruit processing are all factors that affect banana puree’s sales growth.

The retail sales of banana purée products are also low. This will also hinder market growth. But, banana purée manufacturers can increase market penetration and brand awareness to gain a significant consumer base.

Market Trends:

“Surging Use of Banana Puree In F&B Sector”

In developed countries, the bakery industry has grown at a faster pace in recent years. This is due to rising disposable incomes and increasing health concerns. There has also been a significant shift in the demand for convenience food products. Traditional packaged baked goods are under significant pressure from traditional packaged foods and ready-to-eat foods.

A positive trend that supports banana puree demand growth is the development of baking ingredients that have high health and well-being benefits. Baking is a highly specialized industry that produces a variety of baked goods in both developed and developing nations. Banana cakes are very popular and in high demand. Banana puree is used to make these cakes. Market growth will be driven by the increased use of banana puree in baked goods.

Recent Developments:

Tree Top Inc. announced in December 2021 that it would expand its Prosser manufacturing plant by 2023. This investment will increase the company’s production capacity and relocate manufacturing closer to fruit suppliers. It will also allow them to expand their market share for pureed products.

Kiril Mischeff made investments in 2018 to improve the shelf life of its products. To meet the increasing demand for foods with a longer shelf life, the company invested in aseptic packaging machines. The company was able to lower its shipping and distribution costs.