Press Release

Global Date Palm Market is Expected to Reach US$ 11,621 Mn by 2025

Date : Oct 23, 2018

New report published by Global QYResearch which offers insights on the global Date Palm market. The Date Palm market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Date Palm is expected to reflect a 1.3x increase in the revenue growth. In 2017 the global Date Palm market was valued at US$ 9,124 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 11,621 Mn growing at a value CAGR of 3.07% throughout the period of forecast.

Global Date Palm Market: Market Driver and Restraint

The general perception that healthy food comes at the cost of taste has been successfully blurred out in the functional bar, as manufacturers have improved their products to such an extent, that taste is no more a negative factor as far as functional bars are concerned. Improved ingredient quality and the introduction of newer process technology has made functional bars available in attractive flavors and compositions, some of which are only unique to bar offerings, such as high protein content, vitamins, organic ingredients, fruits, dates, nuts, etc. Companies are offering nutrition bars containing date palm as a key ingredient as it is a rich source of dietary fiber, carbohydrates, and enriched with many other nutrients.

Global Date Palm Market: Key Takeaways

Product innovations addressing growing health concerns have changed the market dynamics on a global level. Increasing offerings by vendors using safe and healthy ingredients is responsible for the growing demand for healthy snacks, cookies, bakery, and desserts. Manufacturers are preferring date-based purees and syrups as one of the key ingredients in their products and also dried dates in order to enhance nutritional content of bakery and confectionery products. In addition, confectionery manufacturers in Middle East countries are more focused towards offering date-based chocolates owing to increasing demand of confectionery containing date palm in Europe and Asia Pacific markets. On the basis of form, the global date palm market is segmented into raw and processed date palm. Further, processed form of date palm is sub-segmented into paste, dried, purees and syrups.

Global Date Palm Market: Forecast by Type

Furthermore, on the basis of nature type segment, date palm market is segmented into organic and conventional. The demand for organic date palm is rising in the North America and Western European countries.

Global Date Palm Market: Forecast by Application

The global date palm market by end use is segmented into households, foodservice, dietary supplements, personal care & cosmetics, and food industry. Furthermore, food industry is sub-segmented into bakery & desserts, confectionery, functional food & nutritional bars, and others. In the global date palm market, dietary supplements segment is projected to grow at 3.9% CAGR over the forecast period.

Global Date Palm Market: Forecast by Region

The global date palm market report includes analysis at a regional level and is further broken down at a country level that includes consumption of dates in respective countries across five regions. By region, the global date palm market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. In the global date palm market, the demand for date palm is increasing at a robust growth rate in Europe and North American market especially for premium variety of dates such as Deglet Noor, Medjool, Barhi, and others. In terms of value and volume share, Middle East and Africa accounts for a majority of market share in the global date palm market. A section of the report highlights the global demand for date palm. This study discusses key drivers, and opportunities contributing to the growth of the global date palm market, as well as analyses the degree to which drivers are influencing the global market. In the final section of the global date palm report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of producers covered in the report are global date palm key players. Detailed profiles of the producers are also included in the scope of the report to evaluate their long-term and short-term strategies, key product offerings and recent developments in the global date palm space.

Global Date Palm Market: Key Players

Market participants in the global date palm market include, Natural Delights, Best Food Company LLC, Groundworks of Palm Beach County Inc., Bayara Saudi Arabia Ltd. Al Barakah Dates Factory LLC, Hadiklaim Date Growers Cooperative, Maghadi Dates, Haifa Dattes, SUFFCO, Atul Rajasthan Date Palm Ltd. And others.

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