Dates Market Share, Industry Analysis and Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Dates Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The dates market size has grown strongly in recent years. It will grow from $26.78 billion in 2023 to $28.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to expanding applications in food and beverage industry, emerging e-commerce channels, rising demand for cookies, healthy snacks, desserts, and bakeries, rising vegan and plant-based trend.

The dates market size is expected to see strong growth in the next few years. It will grow to $37.30 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising demand for healthy snacks, increase in health consciousness among individuals, popularity of snackable and convenient foods. Major trends in the forecast period include innovative date-based goods, organic and sustainable production, innovative products, focus on research and development.

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Market Drivers and Trends:

The rising health consciousness is expected to propel the growth of the data market going forward. Health consciousness refers to individuals' awareness and concern regarding their health and well-being. The rising health consciousness arises because of increased awareness of chronic diseases, a focus on personalized health, the influence of social trends, and a desire for longevity and quality of life. Dates are often used in health-conscious diets to improve nutrient density and provide various health benefits, such as increasing sexual stamina, relieving alcohol intoxication, and offering medicinal properties such as easing constipation, aiding intestinal disorders, and combating anemia. For instance, in 2023, according to a survey conducted by the International Food Information Council, a US-based nonprofit organization, an online survey taken by 1,022 Americans ages 18 to 80 said that 52% of Americans reported that they followed a diet or eating pattern in the past year, a significant increase from the past few years (39% in 2021), which increased compared to previous years and is expected to rise in the coming years. Therefore, rising health consciousness drives the dates market.

Major companies operating in the date market are focused on developing better and effective products such as organic date sugar, to provide a healthier sugar alternative for consumers. Organic date sugar is a nutritionally focused sweetener derived from organic recycled dates that have been dried and processed into a powder. For instance, in August 2023, Just Date, a US-based mom and doctor-founded brand, redefined the sugar category and launched organic date sugar in sprout stores. It has a deep caramel flavor and is naturally high in antioxidants, giving consumers a well-rounded nutritional profile. The product is part of a growing category of nutrient-dense sweeteners and functional nutrition products aimed at health-conscious consumers looking for nutrient-dense choices in their diet. Furthermore, its high fiber content promotes digestive health, provides a natural energy boost, and contributes to heart health.

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Major Key Players of the Market:

Al Foah Company, Bateel International, Barari Dates Factory, Datepac LLC, Desert Valley Date, Lion Dates, Sphinx Ranch LLC, Al Barakah Dates Factory, Hadiklaim Date Growers Cooperative Ltd., Emirates Dates Factory, Al Mohamadia Dates Company, Al Madina Dates Company, Urban Platter, The Medjool Date Company, Bard Valley Natural Delights, Oasis Baklawa, Saudi Dates Company, Muscat Dates Factory, Al Raiqa Date Fruit Trading Co LLC, Riyadh Dates Factory, Deliciouslydates.com, Coachella's Best Dates, Sam Cobb Farms, Basaqat Elite Dates Company, AlYasmeen Organic

Dates Market 2024 Key Insights:

• The dates market size is expected to see strong growth in the next few years. It will grow to $37.30 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Health Consciousness Fueling Growth In The Dates Market
• Innovative Product Advancement In Health-Conscious Markets
• Middle East and Africa was the largest region in the dates market in 2023

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