Market Outlook

From centuries the date palm is referred to a “tree of life” and has the religious and historical preference.  Date extract is a rich source of fibers, vitamins and other nutrients.  It is rich in simple carbohydrates, ascorbic acids, folic acids, organic acids, iron, calcium, potassium, sulfur, biotin, riboflavin and thiamine. Date extract is a functional extract used widely in food and beverages industry for preparation of curries, salads, stews, mousse, cakes, muffin, ice cream smoothies, milkshake and other sweet and savory dishes. With natural flavor, no chemicals and no alcohols the date extract is the most preferred ingredient for fitness enthusiasts. There is a rise in the production of food supplements, nutritional bars & snacks, and functional foods are all set to witness unprecedented growth in date extract market.

Rising Demand for Date Extract 

The demand for date extract is expected to increase as it contains important nutrient for the human body. Utilization of date extract as a dietary supplement is expected to boost the market demand. Date extract is expected to increase its demand as an alternative to artificial sweeteners. In a few culinary preparations, the date extract is also used as an alternative to vanilla extract. It is also used in personal and skin care products as it has antibacterial property and is abundant of antioxidants.   With an increase in knowledge and awareness, the trend for clean labels has widely spread globally which has also increased in a number of health-conscious customers. Sustainable, eco-friendly, natural and organic products are in demand by consumers, so the manufacturers are compelled to cater to these products.

Date Extract Market Segmentation

On the basis of nature, the date extract market has been segmented as-

  • Organic
  • Conventional

On the basis of form, the date extract market has been segmented as-

  • Powder
  • Liquid

On the basis of end uses, the date extract market has been segmented as-

  • Dietary supplements
  • Food Service
  • Household Use
  • Food Industry
  • Bakery
  • Confectionary
  • Nutritional bars
  • Beverages
  • Milk shakes
  • Smoothies
  • Personal Care

On the basis of distribution channel, the date extract market has been segmented as-

  • B2B
  • B2C
  • Hypermarket / Supermarket
  • Drug store
  • Specialty store
  • Online store

Date Extract Market: Key Players

The key players operating in date extract market are Nutricargo LLC., Synthite Industries Ltd., Amoretti Gmbh, Just Date Syrup, AOS Product Pvt. Ltd., SRS Aromatics Ltd., Natures Flavors Inc., Clarks UK Ltd., Graine De Vie LLC. Many manufacturers are focusing to enter the market, as there is increase in demand of date extract for its variety of applications in food and beverage industry. 

Date Extract Market Opportunities

The date extract has a large number of health benefits but the absence of customer awareness about its benefits is hindering the development of the date extract market. Consumer awareness and educational marketing are important for the date extract market to grow. Manufacturers are expected to come up with various nutritional food products. Date tree and its products are important economically in North Africa and the Middle East. Hike in demand for dates and its products is expected to be beneficial for these countries. The organic products are in high demand globally therefore, the market for organic date extract is also expected to grow with its usage in food & beverages and personal care products. This will encourage the makers to extend their purchaser base, boosting the development of the date extract market.

Date Extract Market: Regional Outlook

The Middle East, Asia and Africa are the largest cultivators of dates, not only exporting the consumption of dates and its products is also high in these regions. These regions cover high production share of dates and its products. The easy availability of source in these regions is boosting the growth of the market.  The market for date extract is expected to grow in North America and Europe due to an increase in demand for natural and organic food ingredients with an increase in knowledge and awareness of food safety.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Date Extract Market

Pre Book