Organic Banana Market Size- By Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Organic Banana Market Overview

According to SPER Market Research, the Global Organic Banana Market is estimated to reach USD 4.08 billion by 2032 with a CAGR of 9.32%.

The global market for organic bananas is one area of the organic food business that is expanding. Bananas cultivated organically are produced without the use of pesticides, synthetic fertilisers, or genetic engineering. These bananas are often farmed utilising environmentally friendly agricultural methods that put soil health and environmental preservation first.

The market for organic bananas has been steadily expanding over the past several years as a result of growing consumer awareness of the environmental and health benefits of eating organic food. The rising popularity of plant-based diets and the growing trend towards healthy eating have both increased demand for organic bananas. Organic bananas are distributed through a variety of channels, including supermarkets, specialty shops, and internet sellers. In the upcoming years, demand for organic bananas is anticipated to increase as a result of rising consumer awareness and the trend towards wholesome and environmentally friendly foods. The availability of organic bananas in some areas and greater production costs, however, may limit market expansion.

Impact of COVID-19 on the Global Organic Banana Market

The COVID-19 epidemic caused a conflicting effect on the world market for organic bananas. While the general demand for organic food has grown throughout the epidemic, supply chain interruptions and changes in consumer behavior had a significant impact on the market. The supply chain disruption caused by the epidemic is currently having a significant impact on the market for organic bananas. Lockdowns and travel restrictions have hindered the capacity of farmers and producers to reach markets and transport their products in many different nations. As a result, there have been some supply chain slowdowns and delays in getting organic bananas to customers.

Behavior of consumer changes are yet another effect of the epidemic on the market for organic bananas. Overall demand for organic food has grown as more individuals choose to stay in and prepare their own meals. The epidemic, however, also made some buyers more price-sensitive, which has hurt sales of more expensive organic bananas. Furthermore, the epidemic has brought attention to the need of food safety and cleanliness, which has changed how organic bananas are packaged and handled. Several businesses have raised production costs and impacted profit margins by putting more stringent controls in place to protect the safety of their employees and clients.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Type, By Sales Channel

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered

Alkaloid AD Skopje, Avena Botanicals, Bottlegreen Drinks, Fevertree, Folkington's, Fra Sa Beverages, Indigo Herbs Ltd., Lucas Bols Amsterdam, Monin, Pukka Herbs, Ricola, Teisseire, The Republic of Tea, Twinlab

Global Organic Banana Market Segmentation:

By Type: Based on the Type, Global Organic Banana Market is segmented as; Raw, Rip.

By Sales Channel: Based on the Sales Channel, Global Organic Banana Market is segmented as; Business to Business, Hypermarket/Supermarket, Independent Retail Stores, Online Channels, Specialty Stores, Others.

By Region: In recent years, there has been consistent increase in the global organic banana market, albeit growth rates vary by area. This is a quick breakdown of regional growth in the organic banana market: