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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the date extract market, including but not limited to: regional markets, nature, form, end use, and distribution channel.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The date extract market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the date extract market report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates are included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.