Dates are edible fruits of the date palm tree (Phoenix dactylifera), widely cultivated in arid and semi-arid regions around the world. These fruits are prized for their sweetness and nutritional benefits. They have a chewy texture and range in color from golden yellow to deep brown, depending on the type and ripeness.
The dates market consists of sales, by entities (organizations, sole traders or partnerships), of dates that refer to a highly nutritious fruit derived from the date palm tree (Phoenix dactylifera), which thrives in tropical and subtropical regions. Date products are increasingly popular for their versatility, nutritional value and potential health benefits, especially among health-conscious consumers and those seeking plant-based or natural food options.
The global dates market was valued at $23,060.00 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.00%.
Changing Dietary Patterns
The changing dietary patterns supported the growth of the dates market in the historic period. As the demand for natural and organic food options rises, dates are becoming an increasingly popular alternative to refined sugars. Their high sugar content, coupled with their nutritional benefits, positions them as a valuable ingredient in products such as smoothies, energy bars and baked goods. For example, according to the World Health Organization (WHO), it is suggested that the intake of saturated fats should be reduced to less than 10% of total energy intake and trans-fats to less than 1% of total energy intake. Further, a 2018 consumer food and beverage survey by L.E.K., a US-based management consulting company, of nearly 1,600 consumers, showed that they want health claims to be more nuanced and convey specific attributes. Nearly 93% of respondents stated that they feel obligated to eat healthily at least some of the time. In addition, 63% stated that they strive to eat healthily most of the time, if not always. Consumers are aware of labels, regardless of their level of commitment, with 47% reading labels at least most of the time when purchasing a product. Therefore, the changing dietary patterns supported the growth of the dates market.
Sugar Free Date Bites Emerge As A Nutrient-Packed Snack Choice
Companies operating in the dates market are prioritizing the introduction of sugar free date bites as a nutrient-packed snack choice. This blend helps curb hunger while offering sustained energy, which is especially beneficial for people looking for snack options that won't cause sharp spikes in blood sugar levels. For instance, in September 2023, Farmley, an India-based dry fruits and nuts specialist brand, launched Sugar-Free Date Bites. These Date Bites are crafted from a wholesome blend of six natural ingredients: pistachios, almonds, dates, cashews, honey, and ghee. Notably, they contain no added sugar, making them a suitable choice for those seeking guilt-free indulgence without compromising on taste. The combination of these ingredients not only enhances the flavor but also provides a rich source of nutrients, including fiber and healthy fats, which are beneficial for overall well-being.
The global dates market is highly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 3.07% of the total market in 2023.
Dates Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global dates market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for dates? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The dates market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider dates market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by variety, by nature, by distribution channel and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the dates market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by variety, by nature, by distribution channel and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for dates providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Fresh Dates; Dried Dates; Date Pastes; Date Syrups; Date-Based Products
- 2) By Variety: Medjool Dates; Deglet Noor Dates; Zahidi Dates; Barhi Dates; Other Varieties
- 3) By Nature: Conventional; Organic
- 4) By Distribution Channel: Supermarkets Or Hypermarkets; Specialty Stores; Online Stores; Other Distribution Channels
- 5) By Application: Household Use; Food And Beverages Industry; Dietary Supplements; Personal Care And Cosmetics; Food Service; Other Applications
- Companies Mentioned: Green Diamond Dates; Al Foah Company LLC; Bayara Saudi Arabia Ltd (a subsidairy of Savola Group); Best Food Company LLC; Lion Dates Impex Pvt Ltd.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; dates indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.