Market Size of Organic Bananas Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.61 Billion |
| Market Size (2029) | USD 2.71 Billion |
| CAGR (2024 - 2029) | 11.04 % |
| Fastest Growing Market | South America |
| Largest Market | North America |
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Organic Banana Market Analysis
The Organic Bananas Market size is estimated at USD 1.61 billion in 2024, and is expected to reach USD 2.71 billion by 2029, growing at a CAGR of 11.04% during the forecast period (2024-2029).
- Conventional bananas are grown with the help of synthetic fertilizers and pesticides, whereas organic methods rely on natural ways to increase plant growth and eliminate predatory insects. Compost is the main product used in the production of Organic bananas.
- The United States has the highest consumption of organic bananas in the global market. Organic bananas are considered among the most valued fruits globally due to their many health benefits, such as being high in vitamin B6 (also known as pyridoxine, a necessary ingredient in forming red blood cells). Bananas also help in controlling diabetes and maintaining brain health. Such factors are boosting organic banana consumption in developed countries.
- Growing banana cultivation under organic air is increasing globally. The area under which organic banana is being cultivated increased over the year 2022. The strategies toward organic agriculture are primarily country-specific depending on environmental, economic, and political considerations. Among the overall organic foods sector, the consumer demand for organic bananas resulted in the sector growing rapidly in the banana category during the study period. The rising demand for organic bananas is creating growth potential for major growers in Latin America and North America.
