Transparency
Market Research (TMR) delivers key insights on the global date palm
market in its upcoming outlook titled, “Date Palm Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 -
2026”. In terms of value, the global date palm market is projected
to expand at a CAGR of 3.1% during the forecast period due to various
factors, regarding which TMR offers vital insights in detail.
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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. The organic date
palm segment is expected to increase at a significant growth rate
owing to increasing demand for organic food and beverages in the
global market as organic food products are free from chemicals,
fertilizers, insecticides, and others. Organic date palm also has
higher nutritional content and offers high quality of taste to
consumers. In addition, consumers have greater preference towards
certified organic products such as certification by USDA, European
commission, and other government bodies. However, the conventional
segment accounts for a higher market share in the global date palm
market in terms of both value and volume. On the basis of variety,
the global date palm market is segmented into Deglet Noor, Medjool,
Barhi, Zahidi, and others. Since different regions covered in the
scope of the study have varying preferences of variety of date palm,
the analysis based on variety has been provided at a regional level.
Among all the varieties of date palm, Deglet Noor and Medjool are the
primary preference of consumers owing to their high quality and
higher nutritional content.
On
the basis of end use, the global date
palm market is segmented on the basis of household,
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. The household segment is expected to
dominate the global date palm market in the near future due to higher
consumer preference towards dried date palm in Asia Pacific region
and raw date palm in Middle East countries. On the basis of form, the
global 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. The raw form of date palm segment is
expected to grow at a significant CAGR in the global date palm
market. On the basis of region the global date palm market is
segmented into North America, Latin America, Europe, Asia Pacific,
and Middle East.
The
date palm market in the Middle East & Africa region is expected
to account for a majority of date consumption between 2018 and 2026
and is also the largest producer of dates in the world. Middle East
countries are expected to remain the largest market through 2026, as
dates are their major staple food. In the global date palm market,
after Middle East & Africa, dates are consumed predominantly in
Asia Pacific region and its majority of consumption is in India and
Pakistan. On the other hand, in the European date palm market, the
demand for dates is increasing at a robust growth rate owing to its
increasing demand in functional food, nutritional bars, dietary
supplements, and others. In addition, the demand for date palm is
also increasing in North America and European markets owing to better
positioning of dates in retail shelves at hypermarket/supermarket
stores as a healthy and nutritional fruit.
In
order to increase the sales of date palm in the global market,
producers of date palm are more focused towards packaging of date
products such as offering dates in flexible and rigid thermo packs,
vacuum packs, bouquets of dates, and many others. Furthermore,
companies are also focused towards offering premium quality and
organic dates in order to meet increasing demand for dates in Europe
and North American market.
This
report covers trends driving each segment and offers 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, key offerings and recent developments in the date palm
space. Date palm key players 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.
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