Product Code: PM3792
The global cavendish banana market size is expected to reach USD 25.62 billion by 2032, according to a new study by Polaris market research. The report "Cavendish Banana Market Share, Size, Trends, Industry Analysis Report, By Product (Organic and Conventional); By Application; By Sales Channel; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing investments in the market among several companies and businesses is one of the foremost factors significantly heightening the revenue of the market globally. Investments in the Cavendish banana market facilitate the adoption of modern farming techniques and technologies. For instance, in August 2022, three Philippine-based companies, Tayan Banana Farm, Usman Banana Farm, and Abai Banana Farms, invested around USD 8.7 billion in the Maguindanao province.
These investments are supposed to boost banana production, especially in the town where the Cavendish Cardava types are cultivated most extensively. Increased investment enables research and development activities focused on the global market. Furthermore, investments in marketing, branding, and market research enable businesses to penetrate new markets, identify consumer preferences, and establish strong distribution networks. This results in increased export opportunities and global market presence.
Price volatility also played a major role in the growth of the global market during the pandemic. Fluctuations in supply and demand, disruptions in the supply chain, and increased production and transportation costs have influenced banana prices. Some regions experienced price increases due to supply shortages, while others saw price declines due to reduced demand and oversupply. Moreover, the impact of COVID-19 on the cavendish banana market varies by region and is influenced by factors such as government policies, local regulations, and the severity and duration of the pandemic.
High consumer demand for bananas is one of the vital factors escalating the growth of global market. Bananas are widely consumed due to their taste, convenience, affordability, and nutritional benefits. The demand for cavendish bananas remains strong in both domestic and international markets, leading to continuous market growth. In addition to this, cavendish bananas are versatile and can be consumed as a standalone fruit, used in various culinary applications, or processed into value-added products such as banana chips, purees, and juices. The versatility of this type of bananas opens up opportunities in multiple market segments, including fresh produce, food and beverage industries, and the snack food sector.
Cavendish Banana Market Report Highlights
Organic segment held the largest share, primarily attributed to growing consumer preference towards healthy & organic food
Food & beverages processing held the largest share, due to growing adoption of the cavendish banana in various food processing
Online channels expected to grow at steady rate, due to easy operation, and fast delivery options
North America garnered the largest share due to growing demand for nutritional food and enhancing health concern among a huge population
The global players include: Exporganic, Salix Fruits, Agroexport Carmita, GinaFruit, Chiquita Brands, Dole Food, Fresh Del Monte, Pisum Food Services, and Reybanpac.
Polaris market research has segmented the Cavendish Banana market report based on product, application, sales channel, and region:
Cavendish Banana, Product Outlook (Revenue - USD Billion, 2019-2032)
Cavendish Banana, Application Outlook (Revenue - USD Billion, 2019-2032)
- Food and Beverage Processing
- Cosmetic and Personal Care
- Pharmaceutical & Supplements
- Animal Feed
- Foodservice (HoReCa)
- Household (Retail)
- Others
Cavendish Banana, Sales Channel Outlook (Revenue - USD Billion, 2019-2032)
- Direct Sales
- Retail Sales
- Modern Trade
- Convenience Store
- Departmental Store
- Online Retailers
- Traditional Grocery Store
- Other Sales Channels
Cavendish Banana, Regional Outlook (Revenue - USD Billion, 2019-2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Cavendish Banana Market Insights
- 4.1. Cavendish Banana Market - Sales Channel Snapshot
- 4.2. Cavendish Banana Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising focus on healthy habits
- 4.2.1.2. Increasing consumer preference for organic food products
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Cavendish Banana Market Sales Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Cavendish Banana Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 5.3. Organic
- 5.3.1. Global Cavendish Banana Market, by Organic, by Region, 2019-2032 (USD Billion)
- 5.4. Conventional
- 5.4.1. Global Cavendish Banana Market, by Conventional, by Region, 2019-2032 (USD Billion)
6. Global Cavendish Banana Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 6.3. Food and Beverage Processing
- 6.3.1. Global Cavendish Banana Market, by Food and Beverage Processing, by Region, 2019-2032 (USD Billion)
- 6.4. Cosmetic and Personal Care
- 6.4.1. Global Cavendish Banana Market, by Cosmetic and Personal Care, by Region, 2019-2032 (USD Billion)
- 6.5. Pharmaceutical & Supplements
- 6.5.1. Global Cavendish Banana Market, by Pharmaceutical & Supplements, by Region, 2019-2032 (USD Billion)
- 6.6. Animal Feed
- 6.6.1. Global Cavendish Banana Market, by Animal Feed, by Region, 2019-2032 (USD Billion)
- 6.7. Foodservice (HoReCa)
- 6.7.1. Global Cavendish Banana Market, by Foodservice (HoReCa), by Region, 2019-2032 (USD Billion)
- 6.8. Household (Retail)
- 6.8.1. Global Cavendish Banana Market, by Household (Retail), by Region, 2019-2032 (USD Billion)
- 6.9. Others
- 6.9.1. Global Cavendish Banana Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Cavendish Banana Market, by Sales Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.3. Direct Sales
- 7.3.1. Global Cavendish Banana Market, by Direct Sales, By Region, 2019-2032 (USD Billion)
- 7.4. Retail Sales
- 7.4.1. Global Cavendish Banana Market, by Retail Sales, By Region, 2019-2032 (USD Billion)
- 7.5. Modern Trade
- 7.5.1. Global Cavendish Banana Market, by Modern Trade, By Region, 2019-2032 (USD Billion)
- 7.6. Convenience Store
- 7.6.1. Global Cavendish Banana Market, by Convenience Store, By Region, 2019-2032 (USD Billion)
- 7.7. Departmental Store
- 7.7.1. Global Cavendish Banana Market, by Departmental Store, By Region, 2019-2032 (USD Billion)
- 7.8. Online Retailers
- 7.8.1. Global Cavendish Banana Market, by Online Retailers, By Region, 2019-2032 (USD Billion)
- 7.9. Traditional Grocery Store
- 7.9.1. Global Cavendish Banana Market, by Traditional Grocery Store, By Region, 2019-2032 (USD Billion)
- 7.10. Other Sales Channels
- 7.10.1. Global Cavendish Banana Market, by Other Sales Channels, By Region, 2019-2032 (USD Billion)
8. Global Cavendish Banana Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Cavendish Banana Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Cavendish Banana Market - North America
- 8.3.1. North America: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.3.2. North America: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.3.3. North America: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Cavendish Banana Market - U.S.
- 8.3.4.1. U.S.: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Cavendish Banana Market - Canada
- 8.3.5.1. Canada: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4. Cavendish Banana Market - Europe
- 8.4.1. Europe: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.3. Europe: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Cavendish Banana Market - UK
- 8.4.4.1. UK: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Cavendish Banana Market - France
- 8.4.5.1. France: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.5.3. France: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Cavendish Banana Market - Germany
- 8.4.6.1. Germany: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Cavendish Banana Market - Italy
- 8.4.7.1. Italy: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Cavendish Banana Market - Spain
- 8.4.8.1. Spain: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Cavendish Banana Market - Netherlands
- 8.4.9.1. Netherlands: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Cavendish Banana Market - Russia
- 8.4.10.1. Russia: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.5. Cavendish Banana Market - Asia Pacific
- 8.5.1. Asia Pacific: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Cavendish Banana Market - China
- 8.5.4.1. China: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.4.3. China: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Cavendish Banana Market - India
- 8.5.5.1. India: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.5.3. India: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Cavendish Banana Market - Malaysia
- 8.5.6.1. Malaysia: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Cavendish Banana Market - Japan
- 8.5.7.1. Japan: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Cavendish Banana Market - Indonesia
- 8.5.8.1. Indonesia: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Cavendish Banana Market - South Korea
- 8.5.9.1. South Korea: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.6. Cavendish Banana Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Cavendish Banana Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Cavendish Banana Market - UAE
- 8.6.5.1. UAE: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Cavendish Banana Market - Israel
- 8.6.6.1. Israel: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Cavendish Banana Market - South Africa
- 8.6.7.1. South Africa: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.7. Cavendish Banana Market - Latin America
- 8.7.1. Latin America: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Cavendish Banana Market - Mexico
- 8.7.4.1. Mexico: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Cavendish Banana Market - Brazil
- 8.7.5.1. Brazil: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Cavendish Banana Market - Argentina
- 8.7.6.1. Argentina: Cavendish Banana Market, by Product, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Cavendish Banana Market, by Sales Channel, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Cavendish Banana Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Agroexport Carmita
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Chiquita Brands
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Dole Food
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Exporganic
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Fresh Del Monte
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. GinaFruit
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Pisum Food Services
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Reybanpac
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Salix Fruits
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development