PUBLISHER: KBV Research | PRODUCT CODE: 1548705
PUBLISHER: KBV Research | PRODUCT CODE: 1548705
The Latin America, Middle East and Africa Date Syrup Market would witness market growth of 7.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Date Syrup Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,560.3 Thousands by 2031. The Argentina market is showcasing a CAGR of 8.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.9% during (2024 - 2031).
Manufacturers are developing these syrups with added flavors to cater to diverse consumer preferences. Innovations include vanilla, cocoa, and spice-infused syrups. These flavored variants enhance the versatility of these syrup in various culinary applications, from baked goods to beverages. Innovations in nutritional formulations are being explored to increase the health benefits of this syrup. For example, some products are fortified with additional vitamins, minerals, or functional ingredients like probiotics to enhance the overall nutritional profile and appeal to health-conscious consumers.
Likewise, manufacturers produce organic and raw syrups in response to the demand for organic and minimally processed foods. These syrups are made from organically grown dates and processed without high heat to retain more natural nutrients and enzymes. Recent product innovations feature blends of this syrup with other natural sweeteners. These blends offer a unique flavor profile and can cater to consumers looking for varied taste experiences while maintaining a focus on natural ingredients.
The growth of the UAE's food service industry, particularly in high-end and specialty restaurants, drives the demand for unique and premium ingredients. This syrup, known for its rich flavor and natural sweetness, is increasingly featured in gourmet dishes, desserts, and beverages offered by upscale dining establishments. According to the United States Department of Agriculture, in 2021, the United Arab Emirates (UAE) was the second-largest food service industry in the Arab Gulf Cooperation Council (GCC) region. This syrup is being integrated into traditional Argentine recipes. For example, the "Dulce de Leche con Syrup" from local artisan producers blends this syrup with classic dulce de leche, adding a new flavor dimension that appeals to Argentine palates. Government support for local agriculture is evident in initiatives like the "Programa de Fortalecimiento de la Produccion de Frutas Secas," which aims to boost the production of dried fruits, including dates. This support facilitates the growth of date syrup production. Thus, rising food service sector and high usage of dates in the region is driving the growth of the market.
Based on Type, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Food & Beverage, Nutraceuticals, Cosmetics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Date Syrup Market Report Segmentation
By Type
By Application
By Country