Date Syrup Consumption Rising as Natural Sweetener for Instant Energy Boost and Creating Lucrative Opportunities for Producers: Fact.MR Report
Date Syrup Consumption Rising as Natural Sweetener for Instant Energy Boost and Creating Lucrative Opportunities for Producers: Fact.MR Report
Worldwide revenue from the sales of date syrup is projected to reach US$ 410.7 million in 2024, as revealed in a newly published study by Fact.MR, a market research and competitive intelligence provider. The global date syrup market has been forecasted to expand at a CAGR of 6.2% from 2024 to 2034.
More consumers are opting for date syrup as a natural sweetener for ensuring quick energy and a sensation of fullness for a longer duration. Thus, an increased demand for processed dates is witnessed compared to jams and syrups. An increasingly work-centric lifestyle is driving a notable shift in demand towards shelf-stable products. Consumers are favoring food items that offer ease of use, multifunctionality, and extended shelf life. Consequently, manufacturers are focusing on research and development to discover more natural methods for preserving date syrup with minimal or no refrigeration.
Date nectar, a natural sweetener, has the potential to compete with traditional sugarcane-derived sugars. Growing consumer interest in natural sweeteners is leading to a decline in the use of artificial additives, addressing concerns over excessive sugar consumption.
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Key Takeaway from Market Study:
“Manufacturers of date syrup should capitalize on the growing trend of increasing consumer preference for plant-based food options, including natural sweeteners,”says a Fact.MR analyst.
Leading Players Driving Innovation in the Date Syrup Market:
AI Foah; Just Dates Syrup; Malabar Food Products; Ario Co.; BIONA; Sun Seas Business Group; Parsunday Symbol Co.; Rapunzel Naturkost; Ratinkhosh Co.; D’VASH Organics; Ezeebee Overseas Pvt. Ltd.; Ambrosia Delicatessen; Lion Dates Impex Pvt. Ltd.; Emirates Dates; Minoo Industrial Group; Date Lady; AI Barakah Dates Factory LLC.
Popularity of Conventional Date Syrup Remain High:
Global demand for conventional date syrup is evaluated to increase at a CAGR of 6.5% and reach a value of US$ 390.5 million by the end of 2034. More consumers prefer this variant of date syrup for its increased production and comparatively easy availability than organic variants. In addition, pocket-friendly prices of conventional date syrup are also contributing to its rising demand among more consumers globally.
Date Syrup Market News:
AI Barakah Dates Factor LLC, in April 2021, emerged as the largest privately owned facility in date processing with the construction of a solar-powered factory on approximately 600,000 sq. feet area. It is Dubai-based and one of the major data processing and manufacturing centers.
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More Valuable Insightson Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the date syrup market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on nature (organic, conventional), end use (food & beverages, cosmetics & personal care, food service, retail/household), and distribution channel (business to business, business to consumer), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
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CAGR stands for Compound Annual Growth Rate, which measures the mean annual growth rate of an investment over a specified time period.
Natural sweeteners are substances derived from plants or fruits that provide sweetness without the processing associated with refined sugars.
Market research involves gathering, analyzing, and interpreting information about a market, including information about the target audience and competitors.
Shelf-stable food refers to products that can be stored at room temperature for extended periods without spoiling.
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