Banana Milk Market worth US$ 50.6 Mn by 2032 - Exclusive Report by Futuremarketinsights, inc.

 The global banana milk market is expected to reach a market valuation of US$ 29.4 Mn in 2022, with demand increasing at a CAGR of 5.6% over the forecast period. Banana milk sales are likely to account for a significant share of the global plant-based milk market which is valued at US$ 14 Bn in 2022.Sales of banana milk are slated to increase at a 5.6% CAGR over the assessment period, in comparison to the 4.3% CAGR registered between 2017 to 2021.

Consumers across the globe are looking for milk alternatives that suit their vegan diets. Almond, soy, pea, oat, and other milk products are most likely on the shelves of various supermarket shelves, with banana milk gaining immense popularity.

Banana milk is a dairy alternative made with whole bananas and oat milk that contains vitamins A, B12, C, D, fibre, and potassium. It is gluten-free, fat-free, and non-GMO, in addition to being high in nutrients. It is also available in flavors such as strawberry, chocolate, and mango. Surging demand for healthy and natural food ingredients is primarily driving sales in the market.A functional beverage is typically intended to provide consumers with specific health benefits. Most functional beverages contain vitamins, minerals, and other highly beneficial nutrients derived from fruits, vegetables and popular superfoods.

Banana milk can be a key ingredient in functional beverages, benefiting the global banana milk market. Increasing demand for healthy, affordable options with functional benefits has resulted in the emergence of products aimed at the sports nutrition market. Consumers are focusing on tailoring their nutritional habits to their specific health and wellness objectives, which is expected to create opportunities for banana milk manufacturers.

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