PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462845
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462845
Global Dates Market is valued approximately at USD 27.83 billion in 2022 and is anticipated to grow with a growth rate of more than 5.91% over the forecast period 2023-2030. Primarily cultivated in numerous tropical regions globally, the market for dates is witnessing a significant increase in popularity. This surge is propelled by an escalating demand for healthy snacks, ongoing research and developments, and a heightened awareness of the health benefits associated with dates. Additionally, emerging markets such as India and China are witnessing an uptick in dates demand, influenced by increasing disposable incomes and a growing consciousness regarding health.
The burgeoning landscape of research and development activities is playing a pivotal role in propelling the growth of the global dates market. A surge in collaborative efforts between government organizations and agricultural researchers is unlocking the genetic potential of date palms. By embracing precision agriculture practices and focusing on sustainable solutions, these initiatives aim to ensure a consistent and robust supply of dates in the market. Government organizations and agricultural researchers are harnessing the genetic potential of date palms through precision agriculture methods and sustainable solutions. In a notable collaboration, the National Center for Genetic Engineering and Biotechnology (BIOTEC-NSTDA) in Thailand joined forces with P Solution Company Limited in May 2021. Together, they are working on a project to advance mass propagation technology for date palms, utilizing a cutting-edge approach that combines tissue culture and a bioreactor system. This innovative technique not only enhances the production of economic crops but also supports farmers and growers by reducing production costs. In addition, increasing investment in date industry and rising consumption of dates globally are some factors creating new opportunities for the market growth. However, stringent regulations, the risk of pests and diseases stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Dates Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to the growing health consciousness, increasing disposable incomes, evolving dietary preferences and the cultural and religious significance of dates. India and China are poised to be significant contributors to this surge, being major consumers of dates, moreover demand for halal-certified dates is driving the market growth. North America is poised for substantial and fastest growth in the upcoming forecast period. The demand for dates in both the U.S. and Canada is on the rise, driven by consumers' heightened awareness of the health benefits associated with dried fruits. Dates are increasingly valued as a nutritious snack, packed with fiber, antioxidants, and various essential nutrients. This inclination towards natural and health-conscious foods mirrors a broader trend in the region. The United States stands out as the fastest growing market for dates in North America, with California leading the production charge, contributing significantly to the nation's total output. In 2021, according to the Agricultural Marketing Resource Centre, California alone produced 59,450 tons of dates.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable