💡 A Deep Dive into India's ~$42 Billion Banana Industry
ReadOn Insights March Report: India's Banana Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the nineteenth edition, we look at the $42 billion spices industry in India.
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👉 India's banana industry, contributing ~25% of the global industry, is growing at a 6.94% CAGR, higher than the global 0.8% CAGR.
👉 Rising health consciousness, increasing popularity of value-added banana foods and advancements in farming infrastructure are driving growth for the industry.
👉 India is the world's largest banana producer. Yet, only 1% of our total production is exported, highlighting a huge export opportunity.
👉 From banana chips to banana bread to banana shakes and candies, banana has endless use-cases!
With new age brands stirring innovation with banana waste, the future of this industry looks very exciting! Read on 👇🏻
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