The Latin America, Middle East and Africa Banana Bread Market would witness market growth of 7.5% CAGR during the forecast period (2020-2026). Banana bread refers to a bread in which the main ingredient is banana.
In recent years, there are many recipes available on different online platforms or mediums for making banana bread. There are different varieties of the product which can be bought from the market that enables consumers to get various options while buying products. The ingredients for banana bread include flour, banana, spices, baking soda, dairy products, nuts, granulated sugar, oil, butter, and others.
Apart from the common nutrient content, banana bread also contains some health properties that enhance a person’s immune system. The addition of some nuts like walnuts & almonds in banana bread helps in increasing the vitamins & minerals of the bread as it offers 13 percent of the Dietary Reference Intakes (DRI) for B-6 and 20 percent of the DRI for copper & manganese. The manufacturers are introducing many types of banana bread to offer different options to consumers like gluten-free banana bread with coconut that entices consumers who are conscious about their health.
Easy accessibility of the constituents, health benefits of the product, variations in flavors of the product, & easy preparation for the making of bread through instructions, easily accessible recipes over TV or books are the prime factors that propel the growth of the banana market. The high consumption of banana bread affects the market of brown sugar, jam, banana, and honey, as the consumption of these products is directly proportional to the consumption of banana bread.
The Brazil market dominated the LAMEA Flavored Market by Country in 2019, thereby, achieving a market value of $9.9 million by 2026. The Argentina market would witness a CAGR of 8.8% during (2020 - 2026). Additionally, The UAE market is exhibiting a CAGR of 7.5% during (2020 - 2026).
Based on Distribution Channels, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Online and Other Channels. Based on End User, the market is segmented into Unflavored and Flavored. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Banana Bread Market in LAMEA is expected to register a CAGR of 7.5% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Mills, Inc., Banana Bread Company, Simple Mills, Inc., Dank Brooklyn LLC, King Arthur Baking Company, Inc., Papa Joe's Bakehouse, Mama Ka’Z Pty Ltd., Big Banana Bread Co., Orwashers New York Original Artisans Bakery (Oven Artisans, Inc.), and The Elegant Farmer.
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