Cavendish Bananas are among the most traded fruits in the world. In 2017, 21+ million tones of bananas were traded, representing almost 20% of global production.
Asia is the largest cavendish banana-producing region, and Latin America and the Caribbean are the largest exporting regions, responsible for approximately 80% of global exports.
In Africa alone, bananas are a source of income and jobs for more than 70 million people.
With the rising sedentary lifestyle, there has been a substantial demand for highly nutritious products to fulfil dietary requirements.
Associated with introducing these healthy foods, manufacturers and exporters of this banana are developing its demand in the market. Ingenious superfoods such as bananas provide exotic flavour and superior nutritious value.
Established fruit like cavendish bananas will continue accounting for maximum sales within the market.
According to the reports, cavendish bananas will hold the dominant share regarding value in the upcoming years of the market.
Let’s discuss the Cavendish bananas global market furthermore!
The Importance of Cavendish Banana for Nutrition
The health advantages delivered by the Cavendish banana are skyrocketing the demand in the market.
According to the WHO, diarrhea is the second-largest cause of death among children under the age of five. Every year, 5 lakh children die due to the cause of diarrhea, and malnutrition is the leading cause of diarrhea.
People are more prone to consuming bananas than any diarrhea medications; it is more effective than anything.
Upcoming Cavendish Banana Trend
Driven by critical trends and the shifting focus towards food safety and hygiene, the market size will increase steadily each surpassing year.
The only challenge the market faces will be environmental damage, which is one of the key factors that inquire about market growth.
The Cavendish banana market is catalogued under the industry worth billions in 2020 and will continuously grow its demand during the forecast period
The global market for cavendish bananas has been categorized by product and geography.
Based on product, the market has further put down into four categories;
- Organic Cavendish Banana
- Conventional Cavendish Banana
- Organic Fairtrade Cavendish Banana
- Conventional Fairtrade Cavendish Banana.
The regional analysis showcases information on future growth opportunities across Europe, North America, Latin America, the Middle East, Africa and Asia Pacific.
The regional-specific analysis also provides insights into the upcoming demand for cavendish bananas across vital regional countries.
What’s making cavendish bananas great for exporting?
- Grows Easily : Cavendish Banana can grow in almost any soil, making it great for mass production. It is easy to grow throughout any time of the year in tropical climates and makes it available to import/export all days a year.Even though it’s easy to produce, farmers have found the ideal conditions and procedures to maximize production, yield, and quality.
They know the root of ideal soil pH levels to make them healthier plants. Another benefit is producing more bananas on the same land makes the production more cheaper and efficient.
- Attractiveness :When consumers are asked to describe a banana, the physical qualities of a cavendish banana come first: its famous bright yellow, perfect shape, and shining quality.There are currently over one thousand varieties of bananas, ranging in size, colour, taste, and many other distinctive qualities.
Consumers like what’s familiar to them and what’s healthy to consume. Cavendish Bananas fall under that perfect category; producing and exporting them has been perfected until every banana is sold to the consumer at the right stage.
- Resistance towards Panama disease:
Once Panama Disease started, the Cavendish variety was the only other resistant type.Despite having a different and less sweet taste, the Cavendish banana proved highly successful when exported.
Due to its resistance towards the disease, it became more favourable for people, quickly making it a commercial success.
The demand for cavendish bananas is higher worldwide in countries like India, Indonesia, China, Philippines, Costa Rica and more.
The market value of this type of banana faced an upward direction with its quality and nutritional value.
The Cavendish banana market scope will increase steadily; its focus on production will be a crucial factor in influencing the market growth during the forecast period.