Date Palm Market Analysis: The market potential for organic dates is expected to remain consistent by 2026 end
Transparency Market Research offers an eight-year forecast for the global date palm market between 2018 and 2026. In a recently released report by the company, the global date palm market is expected to register a CAGR of 3.1% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the date palm market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global date palm market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional date palm market.
Date Palm - A Healthy Obsession for Quality Ingredients in Nutrition Bars
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. 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. 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.
Increasing Demand for Date Palm among Bakery, Desserts, and Confectionery Manufacturers
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.
Increasing Demand for Premium Quality Date Palm in the European Market
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.
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.
The Transparency Market Research report on global date palm market analyzes opportunities in the market and presents updates and insights pertaining to various segments of the global date palm market over the forecast period, 2018–2026.
This report, provides forecast and analysis of the global date palm market. It provides actual data of 2017 along with estimated data of 2018, and forecast data up to 2026 in terms of revenue (US$ Mn) and volume (MT). The report includes share of top date palm producing countries in the world, export/import volume and value of fresh and dried date palm of top exporting and importing countries and industry value chain analysis. The report also comprises of macroeconomic indicators along with an outlook on date palm for the global market. It includes drivers and restraints of the global date palm market and their impact on each region during the forecast period. The report also includes ongoing trends and market opportunities for date palm producers in the end use industry such as dietary supplements, personal care and cosmetics, food industry and others. The study encompasses market attractiveness analysis by nature, end use, variety, form and region.
In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and competition deep dive of companies engaged in the business of date palm. Report comprises of information related to key players in the date palm market, their strategic overview and recent developments in their business areas. The report also includes types and forms of date palm offered by key players across North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The date palm market is segmented on the basis of nature, variety, end use, form and region. On the basis of nature, the global date palm market is segmented into, organic and conventional. Currently, demand for organic food is trending in the global market as consumers are making themselves aware of the healthy ways of living. Constant checks on the certification of organic products and the use of composed manure have surged the demand for organic products in the global market. Consumers prefer organic products due to the multi-nutrient profile accompanied by the absence of toxic chemicals and pesticides and owing to this, the demand for organic dates is also increasing in the global date palm market. On the basis of variety, the global date palm market is segmented into Deglet Noor, Medjool, Barhi, Zahidi, and others. In addition, the breakdown by variety is presented at a regional basis as per the varieties of date palm mostly consumed in the regions analyzed. Primarily in the global market, in terms of revenue contribution, Deglet Noor, Medjool, and Barhi accounts for a majority of share. On the basis of end use, the global date palm market is segmented on the basis of household use, 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. For instance, the demand for date palm is increasing among dietary supplements and functional food manufacturers as consumers are shifting towards the use of dietary supplements for filling up the nutrient gap in their lifestyle. Dietary supplements prepared from dates are a rich source of minerals such as potassium, magnesium, calcium, fiber, and proteins. These are some of the on-going trends influencing the global date palm market positively, thus, contributing towards the overall market growth. On the basis of form, date palm market is segmented into raw and processed form of dates. Further, processed form of date palm is sub-segmented into paste, dried, purees and syrups.
This report covers market dynamics related to date palm that includes drivers and trends driving each segment and opportunities in date palm market. Report also includes analysis and insights into the potential of the date palm market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, product portfolio of date palm producers and recent developments in the date palm space. Company profiles also includes regional presence of date producers and in the regions where the manufacturers offer their products. Date palm market participants includes Al Barakah Dates Factory LLC, Hadiklaim Date Growers Cooperative, Maghadi Dates, Haifa Dattes, SUFFCO, Atul Rajasthan Date Palm Ltd., Natural Delights, Best Food Company LLC, Groundworks of Palm Beach County Inc., and Bayara Saudi Arabia Ltd.
Global Date Palm Market – By Nature
Global Date Palm Market – By Variety
- Deglet Noor
Global Date Palm Market – By End Use
- Dietary Supplements
- Personal Care & Cosmetics
- Food Industry
- Bakery & Desserts
- Functional Food & Nutritional bars
Global Date Palm Market – By Form
- Purees & Syrups
Global Date Palm Market – By Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The data analysis for global date palm market is estimated in terms of value and volume consumption. To arrive at the volume consumption of date palm, production data of countries producing date palm across the globe has been taken into consideration. In addition, the production of date palm varieties in top producing countries is also tracked and further their import-export in the global market is tracked for understanding consumption in key countries. Furthermore, Transparency Market Research estimated volume data on consumption of date palm for several countries by understanding the demand and supply of date palm. It includes production, growth, volume and value sales, transition, pricing, per capita consumption, population, consumer preference, and consumption of date palm among end user verticals is scrutinized.
TMR then determined the volume consumption of date palm across various regions including North America, Latin America, Asia Pacific, Latin America, and Middle East and Africa. Forecasting is done on the basis of internal proprietary model using different macro-economic, industry-based demand driving factors impacting the market and its forecast trends by identifying and allocating a weighted score to forecast factors that influence the demand for date palm. These factors were the representative of an entire value chain, as well as the macro-economic indicators such as production, per capita consumption of date palm, per capita spending on food products, etc. have been taken into consideration to arrive at the volume consumption of date palm in respective countries.
Weighted average selling price for date palm was considered to estimate the market size for top date palm consuming countries. These prices were captured in their respective countries and then converted into USD to offer forecasts in one consistent currency standard.
Given the characteristics of the market, TMR triangulated the data based on supply side, demand side, and dynamics of the global date palm market. To develop the global date palm market forecast, TMR analyzed various factors to understand their respective impact on the target market. However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify the right opportunities.
Another key feature of this report is analysis of the global date palm market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global date palm market.
To understand key segments in terms of their growth and performance in the global date palm market, Transparency Market Research has also presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global date palm market.
The report covers an in-depth analysis of all components of value chain in the global date palm market. In the final section of the report on the global date palm market, competitive landscape is included to provide a dashboard view of global date palm producers.