Market Outlook

For the production of raisin extract, raisins are soaked in water to leach out a variety of compounds then evaporated to obtain concentrated liquid which is thick or thin depending on the duration of evaporation. After purification, it is sold in liquid form or further dried for powder form. Raisin juice a concentrated extract of raisin and is widely used in the food and beverage industry. The concept of raisin juice is not the same as that of grape juice, which is already a well-known substance. Raisins are dehydrated and has less water concentration. The raisin extract is expected to increase its use as a dietary supplement as it contains various vitamins and minerals. In the food and beverage industry, the raisin extract is widely used for bakery products, desserts, ice cream and confectionary. The organic products are in high demand globally therefore, the market for organic raisin extract is also expected to grow with its usage in the food & beverages industry. The market is expected to grow rapidly over the forecast period owing to its various benefits.

Notable Applications of Raisin Extract to bolster Market Growth

The raisin extract can be added to various food preparations or can be consumed straight. It is used in the production of baked foods and confectionery. It acts as a preservative in most bakery products especially in the preparation of bread. Taking advantage of its intense sweetness, it can be used as a substitute for sugar and artificial sweeteners. Home cooks and food service industry are expected to increase the demand for raisin extract as preservative and sweeteners. Raisin extract can be consumed as a standalone supplement as it contains a high amount of vitamin B6, vitamin B12, thiamine, niacin, folate and other minerals. Consumption of raisin extract helps in digestion as it is rich in fibers. It is also a rich source of iron, calcium and boron. Iron is an important component for red blood cell production and helps them in carrying oxygen and is also important for preventing iron deficiency anemia. Boron works with calcium and vitamin D in supporting bone health. Raisins naturally consist of chemicals called phytonutrients such as phenols and polyphenols. They prevent cell damage and also protect from diseases like cancer, stroke and heart diseases. Raisins contain phytochemicals including linoleic acid, oleanolic acid, and linolenic acid, which fight the bacteria in the mouth and protect from cavities, promoting healthy teeth and gums.

Raisin Extract Market Segmentation

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

  • Organic
  • Conventional

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

  • Liquid
  • Powder

On the basis of applications, the raisin extract market has been segmented as-

  • Flavoring Agent
  • Binding Agent
  • Artificial Sweetener
  • Preservative

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

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

Raisin Extract Market: Key Players

The key players operating in raisin extract market are Advanced Biotech Inc., Diana Food Inc., Swanson Health Products Inc., Synthite Industries Ltd. and Apex Flavors Inc. Many manufacturers are focusing to enter the market, as there is increase in demand of raisin extract for its variety of applications in food and beverage industry.

Raisin Extract Market Opportunities

The market for raisin extract is growing due to its various applications. To develop the market for raisin extract more, consumer awareness and educational marketing has become a necessity. Manufacturers are expected to come up with various nutritional food supplement products using raisin extract. Manufacturers of baby food and infant formulas are expected to boost raisin extract demand as it is a rich source of fiber which is useful for easy digestion. Companies wanting to produce natural food products can use raisin extract as natural sweetener and preservative. The demand for raisin extract is expected to grow as a binding agent in the production and preparation of bakery products. Manufacturers of raisin extract in liquid form are expected to come up with better technology to increase the shelf life of the product.  

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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.

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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.

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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.

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