Banana Milk Market Outlook on Emerging Application, Latest Trends & Potential Growth Strategies 2032

According to a recent report by Future Market Insights (FMI), sales of banana milk are estimated to reach a value of US$ 50.6 Mn by 2032, surging at a 5.6% CAGR over the assessment period.

Banana milk is a dairy alternative made with whole bananas and oat milk that contains vitamins A, B12, C, D, fiber, and potassium. It is gluten-free, fat-free, and non-GMO, in addition to being high in nutrients. Various brands are incorporating flavors such as strawberry, chocolate, and mango.

Surging demand for healthy and natural food ingredients is primarily driving the market. Banana milk can be a key ingredient in functional beverages, benefiting the global banana milk market. Increasing demand for healthy and affordable options with functional benefits has resulted in the emergence of products aimed at the sports nutrition market, which in turn is fueling the incorporation of banana milk in dietary supplements and sports nutrition products.

“Growing demand for vegan milk alternatives, along with high focus on functional foods and beverages across emerging economies is expected to augment the growth in the global banana milk market over the forecast period,” says an FMI analyst.

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Key Takeaways:

  • Sales of banana milk in Germany are expected to grow at a CAGR of 4.6 % during the forecast period.
  • The banana milk market in India will gain traction at a CAGR of 7.6% through 2032.
  • In 2022, the infant food application segment will hold the largest market share.
  • On the basis of source type, organic banana milk is expected to take the lead in 2022 over conventional banana milk.
  • In terms of sales channel, demand in the direct channels segment will remain high.

Competitive Landscape

To strengthen their position and create a positive brand reputation, key players in the global banana milk market are establishing long-term business relationships. They are constantly striving to delight customers by providing banana milk in smaller portions that are tailored to individual dietary requirements.

  • In January 2019, the Kraft Heinz Company, a leading manufacturer of banana milk and other products, announced the acquisition of Primal Nutrition, LLC.

Some of the key players in the Banana Milk Market include Döhler GmbH, Nestlé S.A., The Kraft Heinz Company, SunOpta Grains and Foods Inc., Newberry International Produce Limited, Riviana Foods Pty Ltd, Antigua Processors S.A., Ariza b.v, Shimla Hills Offerings Pvt. Ltd, Hiltfields Ltd., among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of banana milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Banana Milk Market by Category

By Nature:



By Flavor:



By Sales Channel:



By End-Use:

Dairy Products

Bakery & Confectionary

Milk & Milk Beverages

Retail Sales

By Region:

North America

Latin America


Middle east and Africa

East Asia

South Asia


Frequently Asked Questions

  • At what rate will the banana milk market grow?
  • What is the expected value of the banana milk market by 2032?
  • What are the key factors driving the banana milk market?
  • Which region adds to the highest banana milk market valuation?
  • Who are the key players in the banana milk market?

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How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.


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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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