Dublin, July 28, 2023 (GLOBE NEWSWIRE) -- The "Date Market - Growth, Trends, and Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
Global Date Market to Grow at a Steady 5.1% CAGR, Driven by Rising Awareness of Health Benefits
Dates, the ancient fruit cultivated in the Arabian and Middle Eastern regions, are gaining popularity as a healthy snack worldwide. Their consumption is increasing due to their anti-inflammatory properties, essential nutrients, and high crude fiber content. The rising awareness of their health benefits and demand from processing industries are key drivers of market growth. Fresh dates offer a variety of vitamins and minerals, including calcium, iron, potassium, magnesium, and zinc, making them a valuable addition to the diet and a potential preventive measure against abdominal cancer.
Government initiatives, such as Saudi Arabia's digital platform for global date trade, are also boosting international demand for dates. However, factors like strict regulations, risks of pests and diseases, and political uncertainties in the Middle Eastern region may impede market growth during the forecast period.
Date Market Trends: Rising Awareness of Health Benefits Drives Consumption
The increasing awareness of the excellent nutrition profile of dates, enriched with vitamins, minerals, antioxidants, and fiber, is driving their consumption globally. Healthy snacking trends are propelling demand in various regions, including India, Trinidad and Tobago, and Indonesia. European countries like France, Germany, the United Kingdom, and the Netherlands are also witnessing a surge in date consumption as consumers seek healthier snack alternatives with lower sugar content.
Middle East and Africa Dominate the Market
The Middle East and Africa are the major markets for dates, with countries like Tunisia, Iran, Israel, Saudi Arabia, UAE, Iraq, and Egypt leading in consumption and production. Saudi Arabia, in particular, stands as the global leader in date production, with significant potential for increased production area under date palms. The cultural significance of dates, especially during the holy month of Ramadan, contributes to their high demand during this period, leading to increased imports. Festivals like the Al Qassim date festival in Saudi Arabia further boost date consumption and attract tourists, fueling market growth.
Looking Ahead: A Promising Future for the Date Market
The global date market is expected to grow steadily at a CAGR of 5.1% as the trend of healthy snacking and growing awareness of date health benefits drive consumption. The Middle East and Africa will continue to dominate the market, with Saudi Arabia leading in date production and consumption. Government initiatives and cultural traditions will play a significant role in shaping the market's growth trajectory.
Additional benefits of purchasing this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.4.1 Value Chain Overview
4.4.2 Price Markups in the Value Chain
4.4.3 Stakeholders in the Value Chain
5 MARKET SEGMENTATION
5.1 By Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Market Analysis by Volume and Value, Export Market Analysis by Volume and Value, and Price Trend Analysis)
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Canada
5.1.2 Europe
5.1.2.1 Germany
5.1.2.2 United Kingdom
5.1.2.3 France
5.1.2.4 Netherlands
5.1.2.5 Italy
5.1.3 Asia-Pacific
5.1.3.1 India
5.1.3.2 Indonesia
5.1.3.3 Malaysia
5.1.3.4 Pakistan
5.1.4 South America
5.1.4.1 Brazil
5.1.4.2 Argentina
5.1.5 Middle East and Africa
5.1.5.1 Unites Arab Emirates
5.1.5.2 Saudi Arabia
5.1.5.3 Oman
5.1.5.4 Egypt
5.1.5.5 Morocco
6 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/isz01t
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachments
- Date Market Dates Market Import Volume In Million Metric Ton Geography 2021
- Date Market Date Market Growth Rate By Region 2022 27
