Project Report For Banana Chips
Project report for Banana chips is as follows.
Bananas chips are drying, fried pieces of banana that have grown in popularity as a snack. They’re frequently dipped in sweet syrup or seasoned with salt and spices. There are two approaches to producing banana chips. The alternative option is to dry banana slices in the sun or using a solar or artificial drier.
The results of the two approaches are very diverse. Deep-fried chips are often a salty, high-calorie snack item. Because they are deep-fried in oil, they have a relatively short shelf life of up to 2 months maximum when stored properly.
The dry chips are a healthier option They are also used as a snack and are frequently included in cereal mixtures such as muesli.
The chips can be dried without any additions, or they can be covered with a syrup or honey dip before drying, resulting in a sweeter taste, higher calorie, and perhaps more appealing product. Drying chips have a longer shelf life (up to 6 months) if they are dried to a low moisture content and kept in a cold, dry area. Bananas can be dried whole or in long strips until leathery and chewy. They contain more sugar and are not as crispy as dry chips. They are also known as bananas at times.
Market potential & Strategy
The market growth for packed food items and snack foods such as banana chips is one of the primary reasons driving worldwide market expansion. A broad range of variations, as well as appealing packaging, provided by major market competitors, pushes market expansion even further.
In 2019, the worldwide banana chips industry generates $25.726.7 million in sales, reflecting a CAGR (compound annual growth rate) of 4.8 per cent between 2014 and 2019.
And increasing purchasing volumes rose at a CAGR of 3.3 per cent during the five-year period. in 2019, reaching a total of 3.051.6 million kilos At the end of 2020, the worldwide banana chips market is estimated to be worth USD 32.510.5 million. whereas the market’s performance is expected to grow at a CAGR of 4.8 per cent.
In comparison to the banana chip business, the banana chip market will expand in the future. and the rivalry is not as intense as it is in the banana chip sector. Being more competitive. There is still room for improvement in terms of manufacturing efficiency. strengthen packing and key provisions in order to sell rising banana chips.
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