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Date Market By Nature (Conventional and Organic), Variety (Deglet Noor, Barhi, Zahidi, Medjool, and Others) Application (Household Use, Food &Beverages Industry, Dietary Supplements, Personal Care & Cosmetics, Food Service, and Others)Form (Raw, Paste, Dried, Purees, and Syrups),and Distribution Channel (Grocery Store, Hypermarket/Supermarket, Specialty Stores, E-commerce Platforms, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Feb 2021 | 79 Views
 
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The global date market is experiencing a significant growth, and is expected to continue this trend in the next few years, owing to its wide usage and healthy nutrients. Date is an edible sweet fruit of a flowering plant species known as date palm from the palm family, Are caceae. The peak season for this sweet dates starts from mid-autumn and continues till mid-winter in the northern hemisphere region. Many types of date fruits are available in the market. Zahidi is asemi-dry date, which has sweet sugary flavor. It is consumed out-of-hand or used for cooking and very good for baking purposes. Medjool is another typeof date available in the market. It is rich in nutrients and delicious sweet date with soft, fibrous texture. It is large in size with amber and reddish-brown skin. It is good for eating fresh. Dayri isheavy and sweet flavored soft date, which ripens in midseason.. It has medium to large oblong shape and is soft-fleshed fruit along with red skin. Deglet noor is sweet delicate flavored semi-dry date, and is known for its “true” date taste. It turns from amber shade to deep brown shade as it ripens. Apart from these main types, few more kinds of dates are sold in the market such as barhi, arhihalawy, khadrawy, and thoory.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast unit

Value ($USD)

Segments covered

Type, Application, Industry Vertical, and Region

Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and the Rest of LAMEA)

Companies covered

Haifa Dattes, SUFFCO, Atul Rajasthan Date Palm Ltd., Natural Delights, Al Barakah Dates Factory LLC, Best Food Company LLC, Groundworks of Palm Beach County Inc., Bayara Saudi Arabia Ltd., Hadiklaim Date Growers Cooperative, and Maghadi Dates

COVID-19 scenario analysis

The worldwide outbreak of COVID-19 has led to serious implications in all the economic sectors. The COVID-19 outbreak has created medical emergency, due to which the demand for food items, hygiene products, and medical productsis increasing. Moreover, during this pandemic, the sales of traditional, healthy, and staple food items has increased considerably. Frozen non-veg food, fruits& vegetables, eggs, pulses, flour, and whole grains are further experiencing increased demand. However, nonessential products such as packaged foods, coffee, pastries, milkshakes, sweets, chocolates, cheese, and other bakery products have witnessed decline in their sale. Although the dates market has not been affected as severely as other processed food market, the implementation of lockdown scenario in various countries has hampered the production and supply chain of dates. Moreover, demand for dates in cosmetic and personal care industry and packaged & processed food industry has declined.  Furthermore, the consumer buying behavior may change permanently post COVID-19. On the contrary, companies have to build robust sales plan for recovery, for instance, they might have to adopt e-commerce platform and omnichannel in their supply chain.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in health consciousness among individuals is the key growth driver of the date market. Various nutrients such as protein, potassium, magnesium, copper, manganese, iron, vitamin b6present in the date fruit are increasing its demand. In addition, it is rich in fiber, which helps in blood sugar control and enhances the function of digestive system. Date fruit offers various health benefits due to which its consumption is increasing. For instance, it contains antioxidants such as flavonoids, carotenoids, phenolic acid, whichprotect body cells from free radicals.These are unstable molecules responsible for causing harmful reactions in the body and may lead to several disease. In addition, dates promote brain health, which boosts their demand, globally, thereby supplementing the growth of the market.

The organic dates segment is expected to dominate the date market during the projected years, due to increase inawareness about health benefits offered by organic food. In addition, dates areused as natural sweeteners, which may replace artificial and synthetic food additives, sucrose, and white sugar.

Wide usage of dates in the food &beverage, cosmetic &personal care,and dietary supplements industries is supporting the market to remain profitable in coming years.

The global date market trends are as follows:

New product launches to flourish the market

There has been surged demand for premium quality and branded dates. To serve the increasing demand, new products are being launched. Leading companies are focused in making new dates products with enhanced flavor and taste. For instance, in February 2019, Medjool Date Company celebratedits launched Joolies, a new organic date at Natural Products Expo West in Anaheim, California.

Key segments covered

Segment

Subsegment

Nature

  • Conventional
  • Organic

Variety

  • Deglet Noor
  • Barhi
  • Zahidi
  • Medjool
  • Others

Application

  • Household Use
  • Food &Beverages Industry
  • Dietary Supplements
  • Personal Care & Cosmetics
  • Food Service
  • Others

Form

  • Raw
  • Paste
  • Dried
  • Purees
  • Syrups

Distribution Channel

  • Grocery store
  • Hypermarket/Supermarket
  • Specialty Stores
  • E-commerce Platforms
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global date industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global date market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global date market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global date market research report:

  • Which are the leading players active in the global date market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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