The Cavendish Banana Market was valued at USD 16.39 billion in 2024 and is expected to grow to a strong CAGR of 4.37% for the forecast period 2025-2033

Consumption of fruits has risen in the United States: According to the reports of the Center for North American Studies, in 2024, the percentage of fresh fruit consumed in the US from imports went from 44 percent in 2000 to 60.3 percent in 2022.

Health Benefits: Cavendish bananas are rich in essential vitamins, minerals, dietary fibers, and folic acid, hence making it a favourite fruit among health–conscious consumers.

Economic impact: Cavendish bananas are exported by many countries, boosting the economic growth of some countries such as Ecuador, Costa Rica, the Philippines, etc.

Innovations: Advancements in disease-resistant varieties and modern farming techniques help sustain production.

According to a new report by UnivDatos, the Cavendish Banana Market is expected to reach USD Billion in 2033 by growing at a CAGR of 4.37% during the forecast period (2025-2033). Owing to the increasing health consciousness of people, there is a demand for food providing essential vitamins, minerals, carbohydrates, and nutritional fibers, which is provided by these bananas. The shift toward an aging population, increased risk of chronic diseases, and more health consciousness after COVID-19 is further provided by Cavendish Banana. The demand for Cavendish Banana is increasing in today’s world because of ample global trade as well as the supply growth in the leading and emerging export countries. Furthermore, they can also contribute to household food security, staple food, as well as the source of income generation from cash crops. As these bananas are more resilient to the effects of global travel, they can be traded easily internationally. Due to their short stems, they are less prone to harsh climatic conditions and unfavourable weather situations, giving higher per-hectare yield as compared to the other varieties of bananas. Further, the Cavendish Banana market is bolstered by ongoing partnerships, collaborations, and mergers. For example, on 25 January 2024, INI Farms, part of the AgroStar group, entered into a Memorandum of Understanding (MoU) with LuLu Group International, establishing a direct farm-to-retail partnership for the Indian Cavendish bananas. This partnership will bring Indian fruits to the supermarkets and hypermarkets of the LuLu Group in the Middle East. Further on August 4, 2020, lo Life Systems, a food and agriculture company announced a strategic partnership with the Dole Food Company, one of the world’s largest producers of high-quality fresh fruit and vegetables, aiming to develop multiple banana varieties, including Cavendish, with resistance to the devastating fungal disease, Fusarium wilt. Fusarium wilt, caused by the Tropical Race 4 (TR4) strain of a plant pathogenic fungus called Fusarium, is a fast-spreading pandemic threatening the continued cultivation of the world’s most popular fruit, the banana.

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According to the report, the impact of Cavendish Banana has been identified to be high for the Asia-Pacific area. Some of how this impact has been felt include:

Asia-Pacific is expected to grow with a significant CAGR during the forecast period (2025-2033). The Asia-Pacific market for Cavendish Banana is growing rapidly because of the high demand for nutritious and affordable fruits. It also offers a convenient nutrient-rich snack, thus intriguing the health freak consumers. The tropical and subtropical countries of the Asia-Pacific region, such as the Philippines, India, and Vietnam, have ideal conditions for the cultivation of Cavendish bananas. The technological advancements in the cold storage and transportation facilities have reduced the spoilage of fruits, thereby making the supply chains efficient. The growing urban population and higher disposable income in emerging economies such as India and China have further aggravated the demand for the Cavendish Banana market. According to the Department of Horticulture, Ministry of Agriculture, 2021, India is the leading producer of bananas, and its production increased in the year 2020-2021 as compared to the year 2019-2020.

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Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2025−2033.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis By Product, By End-Use, By Sales Channel, By Region/Country

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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