Global Date Palm Market - WishTree Insight

Global Date Palm Market by Type (Organic and Conventional), Application (Whole Date Product, Date Paste, Date Syrup, and Other), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Date Palm market size was valued at USD 8.4 billion in 2022 and is expected to surpass USD 16.07 billion by 2032, expanding at a CAGR of 6.4 % during the forecast period, 2022–2032. The market's growth is attributed to the increasing demand for dates, the surging health-conscious population, and new trends in flavors.

INTRODUCTION

Dates are healthy fruits grown in tropical areas on palm trees. They act as a natural sweetener and are an ideal alternative to white sugar. They are good sources of antioxidants and nutrients such as vitamins, proteins, iron, phosphorus, potassium, magnesium, dietary fiber, sodium, carbohydrates, organic ingredients, and others.

Market Trends, Drivers, Restraints, and Opportunities

• The increasing demand for food based on dates are expected to boost the market.
• The surging health-conscious population and awareness regarding the health benefits of date consumption are anticipated to propel the market.
• The long shelf life of dates is driving the market.
• The introduction of attractive flavors and compositions with nutritional content is expected to be the latest trend propelling the market growth.
• The risk of pests and diseases carried by dates is anticipated to hamper the market growth.

Scope of the Report

Market Segment Insights

The organic segment is projected to register a considerable CAGR

Based on type, the Date Palm market is divided into organic and conventional. The organic segment is expected to expand at a rapid pace during the forecast period owing to the changing consumer lifestyle and the increased number of health-conscious people in the market.

The whole date product segment is expected to expand at a rapid pace

Based on application, the Date Palm market is divided into whole date products, date paste, date syrup, and others. The whole date product segment is expected to expand at a rapid pace during the forecast period.

The Middle East & Africa constitute a key market share

In terms of regions, the Date Palm market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Middle East & Africa constitutes a key market share and is expected to continue during the projected period in terms of value and volume share. However, the market of Europe and North America is driving the global date palm market owing to the rising demand for a premium form of dates.

Competitive Landscape

Key players competing in the Date Palm market are Atul Rajasthan Date Palms (India); Barari Group (UAE); Bard Valley Natural Delights (U.S.); Al Wathba Marionnet. (UAE); EMIRATES DATES (UAE); HAIFA DATTE (Israel); PHOENIX AGROTECH LLC. (U.S.); Kutch Crop Services Pvt. Ltd. (India).

FAQs

How much is the market worth?

The Date Palm market size was valued at USD 8.4 billion in 2022 and is expected to surpass USD 16.07 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 6.4%.

What are the key drivers of the market?

The market's growth is attributed to the increasing demand for dates, the surging health-conscious population, and new trends in flavors.

What segments are covered in the Date Palm report?

The segments covered in the report are type (organic and conventional), application (whole date product, date paste, date syrup, and others).

Mention which region is expected to hold the highest share of the Date Palm market.

The Middle East & African region is expected to hold the highest share of the Date Palm market.

Which segment holds the largest market share in the Date Palm by 2032?

The organic segment holds the largest market share in the Date Palm by 2032.

Mention the key players in the market.

Atul Rajasthan Date Palms (India); Barari Group (UAE); Bard Valley Natural Delights (U.S.), Al Wathba Marionnet. (UAE); EMIRATES DATES (UAE); HAIFA DATTE (Israel); PHOENIX AGROTECH LLC. (U.S.); Kutch Crop Services Pvt. Ltd. (India)