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Organic Bananas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The organic banana market analysis the Production (Volume), Consumption (Value and Volume), and trade in terms of Import (Value and Volume), & Export (Value and Volume), and Price Trend analysis of organic banana. The market is segmented by geography into Dominican Republic, Ecuador, Colombia, Philippines, Honduras, South Africa, Peru, United States, Japan and Costa Rica.

Market Snapshot

organic-bananas-market_Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: South America
Largest Market: North America
CAGR: 5.6 %

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Market Overview

The global production of organic banana is projected to register a CAGR of 5.6% during the forecast period (2021-2026)

In addition to the serious implications for people's health and the healthcare services, coronavirus (COVID-19) was seemed to have a significant impact on the Organic banana market as well. Due to supply chain disruptions, border closures, and movement restrictions, countries that majorly dependent on import of fresh produce, experienced the moderate impact of the pandemic.

The United States has the highest consumption of organic banana in the global market. The organic bananas are considered among the most valued fruits across the globe and they have many surprising health benefits, such as being high in vitamin B6, also known as pyridoxine, which is a necessary ingredient in the formation of red blood cells. Human body doesn’t make Vitamin B6 on its own, there is need to source it from nutritious foods, like bananas. In addition to vitamin B6, there are many reasons to incorporate bananas, like it helps in controlling diabetes and maintaining brain health. This boosts organic banana consumption in developed countries.

Scope of the Report

Organic bananas have been defined as a group of bananas grown in certified organic farms across the world. Furthermore, the definition includes plantains or other forms of banana, the market of which is limited to exports.The report defines the market in terms of traders and institutional buyers, who purchase banana for wholesale.

The organic banana market analysis the Production (Volume), Consumption (Value and Volume), and trade in terms of Import (Value and Volume), & Export (Value and Volume), and Price Trend analysis of organic banana. The market is segmented by geography into Dominican Republic, Ecuador, Colombia, Philippines, Honduras, South Africa, Peru, United States, Japan and Costa Rica.

Geography
Dominican Republic
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Ecuador
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Colombia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Philippines
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Honduras
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
South Africa
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Peru
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
United States of America
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Japan
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Costa Rica
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis

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Key Market Trends

Establishment of Fair Trade Forums and Certification Programs across Latin America

Certifications, like Fair-trade and Rainforest Alliance, help farmers produce better crops, adapt to climate change, increase their productivity, and reduce costs. These benefits provide companies and consumers with a steady and secured supply of certified products.Additionally, sourcing certified products is helping businesses and suppliers meet consumer expectations and safeguard their brand’s credibility and helping uplift the brand identity.

The World Banana Forum partnered with the IDH, a sustainable trade initiative, to launch an online portal on sustainable agricultural practices in the organic banana sector. This portal may facilitate the dissemination of information and knowledge, promote the adoption of good practices in the organic banana sector, and increase access to small producers and players all along the value chain.

The Latin American Coordination of Banana Unions (COLSIBA) is a Latin American Banana and Agro-industrial Workers’ Union Coordinating body, that works in a unitary, solidary, sustainable, autonomous, and democratic way to strengthen the equity of gender and to fight for social and labour justice of organic banana growers in Latin America. Also, there are numerous Fairtrade banana producer organizations in Colombia, the Dominican Republic, Peru, and Ecuador. This increasing number of Fairtrade forums across Latin America is projected to drive the market for organic bananas during the forecast period.

Global Organic Banana Market

Dominican Republic - The Largest Producer of Organic Bananas

The organic banana production in Dominican Republic was 27,980.8 metric ton in 2020 and is projected to reach 49,405.5 metric ton by 2026, registering a CAGR of 9.6% during the forecast period.

The Banana production is concentrated in the Northwest provinces of Valverde and Monte Cristi, and the Southern provinces of Azua and Barahona in the country. Some of the major factors boosting the development of organic banana production in the Dominican Republic include low incidence of Black Sigatoka (a leaf-spot disease of banana plants caused by the ascomycete fungus), high market demand for organic bananas, especially from European Union, better market prices, and availability of resources from the international community and NGOs to promote the sector.

Approximately 90% of Dominican organic bananas are exported to European countries, making up nearly 50% of its supply to the European market. In addition, some of the biggest trade markets for organic banana for the Dominican Republic as a whole areUnited Kingdom, France, and Germany, among others. Therefore, increased demand from the domestic as well as global market, coupled with favorable environmental and climatic conditions of the country, are anticipated to boost production during the forecast period.

Organic bananas market1

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 Dominican Republic

        1. 5.1.1.1 Production Analysis

        2. 5.1.1.2 Consumption Analysis and Market Value

        3. 5.1.1.3 Import Market Analysis (Volume and Value)

        4. 5.1.1.4 Export Market Analysis (Volume and Value)

        5. 5.1.1.5 Price Trend Analysis

      2. 5.1.2 Ecuador

        1. 5.1.2.1 Production Analysis

        2. 5.1.2.2 Consumption Analysis and Market Value

        3. 5.1.2.3 Import Market Analysis (Volume and Value)

        4. 5.1.2.4 Export Market Analysis (Volume and Value)

        5. 5.1.2.5 Price Trend Analysis

      3. 5.1.3 Colombia

        1. 5.1.3.1 Production Analysis

        2. 5.1.3.2 Consumption Analysis and Market Value

        3. 5.1.3.3 Import Market Analysis (Volume and Value)

        4. 5.1.3.4 Export Market Analysis (Volume and Value)

        5. 5.1.3.5 Price Trend Analysis

      4. 5.1.4 Philippines

        1. 5.1.4.1 Production Analysis

        2. 5.1.4.2 Consumption Analysis and Market Value

        3. 5.1.4.3 Import Market Analysis (Volume and Value)

        4. 5.1.4.4 Export Market Analysis (Volume and Value)

        5. 5.1.4.5 Price Trend Analysis

      5. 5.1.5 Honduras

        1. 5.1.5.1 Production Analysis

        2. 5.1.5.2 Consumption Analysis and Market Value

        3. 5.1.5.3 Import Market Analysis (Volume and Value)

        4. 5.1.5.4 Export Market Analysis (Volume and Value)

        5. 5.1.5.5 Price Trend Analysis

      6. 5.1.6 South Africa

        1. 5.1.6.1 Production Analysis

        2. 5.1.6.2 Consumption Analysis and Market Value

        3. 5.1.6.3 Import Market Analysis (Volume and Value)

        4. 5.1.6.4 Export Market Analysis (Volume and Value)

        5. 5.1.6.5 Price Trend Analysis

      7. 5.1.7 Peru

        1. 5.1.7.1 Production Analysis

        2. 5.1.7.2 Consumption Analysis and Market Value

        3. 5.1.7.3 Import Market Analysis (Volume and Value)

        4. 5.1.7.4 Export Market Analysis (Volume and Value)

        5. 5.1.7.5 Price Trend Analysis

      8. 5.1.8 United States of America

        1. 5.1.8.1 Production Analysis

        2. 5.1.8.2 Consumption Analysis and Market Value

        3. 5.1.8.3 Import Market Analysis (Volume and Value)

        4. 5.1.8.4 Export Market Analysis (Volume and Value)

        5. 5.1.8.5 Price Trend Analysis

      9. 5.1.9 Japan

        1. 5.1.9.1 Production Analysis

        2. 5.1.9.2 Consumption Analysis and Market Value

        3. 5.1.9.3 Import Market Analysis (Volume and Value)

        4. 5.1.9.4 Export Market Analysis (Volume and Value)

        5. 5.1.9.5 Price Trend Analysis

      10. 5.1.10 Costa Rica

        1. 5.1.10.1 Production Analysis

        2. 5.1.10.2 Consumption Analysis and Market Value

        3. 5.1.10.3 Import Market Analysis (Volume and Value)

        4. 5.1.10.4 Export Market Analysis (Volume and Value)

        5. 5.1.10.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. IMPACT OF COVID-19 ON THE MARKET

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Frequently Asked Questions

The Organic Bananas Market market is studied from 2016 - 2026.

The Organic Bananas Market is growing at a CAGR of 5.6% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

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