Get the latest insights on price movement and trend analysis of Banana in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Global price of Bananas (PBANSOPUSDM) from Jan 1990 to Jun 2025 about fruits, World, and price.

Banana price (USA) in , August, 2025 For that commodity indicator, we provide data from January 1960 to August 2025. The average value during that period was 0.55 USD per kilogram with a minimum of 0.11 USD per kilogram in January 1968 and a maximum of 1.68 USD per kilogram in December 2022. | TheGlobalEconomy.com

In 2024, the retail price of one pound of bananas in the United States decreased slightly compared to the year before and registered at **** cents. Prices have hovered around ** cents for the past seven years. Banana trade in the U.S. Consumers in the United States love bananas. The country was the biggest importer of bananas by a wide margin, receiving around *** billion U.S. dollars worth of the fruit in 2021. Its main partner in the banana trade was Guatemala, from which it received around *** billion dollars worth of bananas in 2021. Banana consumption Bananas were the most consumed fruit in the United States in 2021. Popularity can, in part, explain the stability of banana prices. Over the last 18 years, average per capita consumption was approximately **** pounds per year, with a high of ***** pounds in 2018. Banana production has largely kept pace with consumption, increasing about ** percent in the last six years.

The Banana Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Africa). The report includes Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis. Five years of historical data and five-year forecasts are provided.

In 2024, after two years of growth, there was significant decline in the Indian banana market, when its value decreased by -8.4% to $19.5B. Overall, consumption continues to indicate a relatively flat trend pattern. Banana consumption peaked at $22.6B in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

Banana price (Europe) in , August, 2025 For that commodity indicator, we provide data from January 1997 to August 2025. The average value during that period was 0.97 USD per kilogram with a minimum of 0.49 USD per kilogram in August 2003 and a maximum of 1.64 USD per kilogram in March 2008. | TheGlobalEconomy.com

In 2024, the Canadian banana market increased by 2.6% to $478M, rising for the eighth year in a row after two years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2024; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the immediate term.

The Wholesale Price Index of banana across India during financial year 2024 was over ***. The price index value of banana increased by about ** percent from the base year of 2012. An overall increase in the price index was seen over the years from financial year 2013 in the country.

After four years of growth, the global banana market decreased by -3.9% to $99.5B in 2024. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 8.4% against the previous year. Global consumption peaked at $103.5B in 2023, and then reduced modestly in the following year.

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Banana Market Size 2025-2029

The banana market size is forecast to increase by USD 1.53 billion, at a CAGR of 10.3% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 40% growth during the forecast period.
By the Distribution Channel - Offline segment was valued at USD 1.24 billion in 2023
By the Type - In-organic/conventional segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 128.15 billion
Market Future Opportunities: USD 1.53 billion 
CAGR : 10.3%
North America: Largest market in 2023

Market Summary

The market has witnessed significant developments in recent years, particularly in the food industry. Banana flour, derived from ripe and dried bananas, has gained popularity as a sustainable and nutrient-rich alternative to traditional wheat and rice flours in baking applications. According to market research, the global banana flour market is projected to expand at a steady pace, driven by increasing health awareness and the growing preference for gluten-free and vegan food options. However, natural calamities, such as typhoons and frost, can negatively impact banana production, leading to supply chain disruptions and price fluctuations.
Despite these challenges, the market continues to evolve, with innovations in cultivation techniques and processing methods contributing to increased efficiency and sustainability. The market's dynamic nature underscores the importance of staying informed and adaptable to emerging trends and challenges.

What will be the Size of the Banana Market during the forecast period?

Explore market size, adoption trends, and growth potential for banana market Request Free Sample

The market exhibits a steady expansion, with current sales accounting for approximately 13% of the global fruit market share. Future growth is anticipated to remain consistent, projected at a rate of around 3% annually. Notably, the market's volume growth outpaces value growth, indicating a shift towards more affordable banana offerings. Comparatively, the demand for organic bananas has seen a significant increase, representing over 10% of the total the market. This trend underscores the growing consumer preference for sustainable agricultural practices and healthier food options. Moreover, the adoption of advanced farming techniques, such as yield prediction models and precision nutrient management, contributes to increased production efficiency and resource optimization.
The banana industry's focus on sustainable intensification and environmental impact reduction is evident in the widespread implementation of water conservation techniques, natural pest control, and integrated crop management. These practices not only enhance crop production efficiency but also contribute to the reduction of the industry's carbon footprint. Furthermore, the market's emphasis on quality preservation methods, postharvest handling practices, and market access strategies ensures a reliable and consistent supply chain. As the market continues to evolve, stakeholders can anticipate ongoing advancements in plant nutrition optimization, growth stage monitoring, and value chain optimization.

How is this Banana Industry segmented?

The banana industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Type

  In-organic/conventional
  Organic


Form Factor

  Fresh bananas
  Processed bananas


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market is undergoing significant transformations as farmers adopt various growth stimulation pathways to enhance crop productivity. Biofertilizers, derived from organic sources, are increasingly being used to improve soil health and nutrient availability. These fertilizers foster beneficial microorganisms in the rhizosphere microbiome, which contribute to enhanced nutrient uptake and crop stress tolerance. Pest resistance mechanisms, such as plant growth regulators and microbial inoculants, are being employed to mitigate the negative impact of pests and diseases. Sustainable farming practices, including precision agriculture technologies and integrated pest management, are gaining traction to minimize the use of synthetic fertilizers and pesticides. Water use efficiency is another crucial factor driving market growth.

Soil amendment techniques, such as the application of humic acid fertil

All fresh traditional 1st quality yellow bananas. Includes organic and non-organic.

Graph and download economic data for Global price of Bananas (PBANSOPUSDQ) from Q1 1990 to Q2 2025 about fruits, World, and price.

Banana Market size was valued at USD 13.98 Billion in 2023 and is projected to reach USD 14.78 Billion by 2031, growing at a CAGR of 0.7% from 2024 to 2031.

Key Market Drivers: Health and Wellness Trends: Growing awareness of health and wellness among consumers drives the demand for nutritious foods like bananas. Bananas are rich in essential nutrients such as potassium, fiber, and vitamins, making them popular among health-conscious consumers seeking natural and nutrient-dense food options. Changing Dietary Patterns: Changes in dietary patterns, including preferences for plant-based diets and snacking habits, influence the demand for bananas. Bananas are versatile and can be incorporated into various dishes, snacks, and smoothies, catering to diverse dietary preferences and lifestyles. Convenience and Accessibility: Bananas are widely available and accessible in supermarkets, convenience stores, and street markets worldwide. Their year-round availability and low cost make them a popular choice for consumers seeking affordable and convenient fruits. Trade Agreements and Tariffs: International trade agreements and tariffs impact the Banana Market by affecting import and export dynamics, market access, and pricing. Trade agreements between banana-producing countries and importing regions influence trade flows and market competitiveness. Climate Change and Environmental Sustainability: Climate change and environmental sustainability concerns pose challenges to banana production, particularly in regions vulnerable to extreme weather events, diseases, and soil degradation. Sustainable farming practices, such as organic farming, agroforestry, and soil conservation, are increasingly adopted to mitigate environmental impacts and ensure the long-term viability of banana production.

Get the latest insights on price movement and trend analysis of Banana Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The Chinese banana market expanded modestly to $14.2B in 2024, surging by 4.4% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Banana consumption peaked in 2024 and is expected to retain growth in the near future.

The Organic Banana Market report segments the industry into Geography (Dominican Republic, Ecuador, Colombia, Philippines, Honduras, South Africa, Peru, United States, Japan, Costa Rica). The report includes Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis.

After six years of growth, the Ecuadorian banana market decreased by -16.4% to $1.7B in 2024. In general, consumption, however, showed a relatively flat trend pattern. Banana consumption peaked at $2B in 2023, and then fell markedly in the following year.

Graph and download economic data for Global price of Bananas (PBANSOPUSDA) from 1990 to 2024 about fruits, World, and price.