According to a new report Global Banana Bread Market, published by KBV research, The Global Banana Bread Market size is expected to reach $1.2 billion by 2026, rising at a market growth of 6.8% CAGR during the forecast period.
The flavored variety of banana bread would showcase promising growth rate during the forecast period. There is increasing adoption of a healthy lifestyle among the users around the globe, who don’t want to compromise on taste. So, keeping this choice of the consumer in mind, manufacturers are producing a variety of flavors in these bread, like strawberry, peanut butter, blueberry, pineapple, peach, oats, vanilla, cheese cream, chocolate, and apple. These variations in flavors are available in the market, which improves the taste of this bread that can be consumed by every age group.
On the basis of distribution channel, hypermarket & supermarket acquired the largest share of the segment in 2019. Bakery products are majorly bought from huge supermarkets due to the availability of a broad variety of products. Some of the major players in supermarkets or hypermarkets are Walmart, Aldi, 7Eleven, Tesco, Apar, Sainsbury's, and Auchan that provide a broad variety of grocery products & a huge store chain for the highest customer engagement.
The Asia Pacific is estimated to witness the fastest growing regional market during the forecast period. Banana bread is very popular in Australia due to its improved taste in comparison to regular bread. There is wide adoption of banana bread among consumers who are highly interested in consuming healthy bakery products. In addition, enhancing living standards, rising disposable income, & western food influence are offering many growth opportunities for the market in this region. These changing trends would propel the demand for banana bread during the forecast period.
Full Report: https://www.kbvresearch.com/banana-bread-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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