Asia Pacific Date Sugar Market to Grow at a CAGR of 4.5% to reach US$ 635.5 million from 2019 to 2027

The Asia Pacific date sugar market is accounted to US$ 428.9 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 – 2027, to account to US$ 635.5 Mn by 2027.

Date sugar is a sort of sugar most commonly found in natural food stores since it is less processed than regular sugars. It is produced using dried dates and adds a rich sweetness to recipes. It is available in various forms such as granules and crystal, powdered, syrup or liquid. The growing demand of these forms in various products such as bakery, confectionery, processed snacks and sauces is expected to drive the market growth, Also, the high demand for low GI foods among the diabetic and normal consumer is expected to provide lucrative opportunities for market players.

Increasing consumption of bakery products like cakes and pastries, biscuits, breads, and breakfast goods and ready-to-eat foods across the globe owing to hectic lifestyle is expected to fuel the bakery products demand over the forecast years. Various factors affecting the bakery industry growth are flavors and fat content along with texture and sweetness. Date sugar is used in bakery product to enhance the taste and texture. High demand for functional baked products, such as gluten-free, high-fiber, and trans fat products, is expected to drive the demand for date sugar in bakery segment.

Asia Pacific Date Sugar Market

Market Insights   

Growing demand from processed snacks and cereals manufacturers to favor the Asia Pacific date sugar market

Change in eating habits of consumers has been one of the major factors increasing the demand for processed snacks and cereals. Processed snacks include confectionery items, snacks, cereals, bakery items, dairy, and others sweet. Convenience, long-shelf-life, and wide availability of different products is driving the demand for these products. However, these snacks contain high calories, sodium, sugar, fats, and other processed ingredients that affect the health of the consumer. Consuming lots of these foods has long been linked to an increased risk of a wide variety of health problems that can lead to heart diseases such as obesity, high blood pressure, elevated cholesterol, cancer, and depression. Thus, the growing health concerns arising due to the consumption of such snacks have shifted consumer’s preference towards healthy snacks. They are continuously opting for healthier ingredients such as snacks high in fiber, protein, and less sugar content. To fulfill consumer demand, manufacturers are focusing on ingredients that will help to meet these requirements without affecting the taste of the final product. Date sugar is one of the key elements that manufacturers are opting to add to their products. The numerous health benefits associated with it and its ability to easily blend with other ingredients make it a superior choice for processed snacks and cereals, which in turn boosts the demand of date sugar in the Asia Pacific region.

Form Insights

The Asia Pacific date sugar market is segmented on the basis of form is segmented into granules and crystal, powdered, syrup or liquid. Powdered segment led the Asia Pacific date sugar market. Date sugar is utilized in different applications such as bakery, confectionery, snacks, dressings and condiments, sauces and spreads by industries or by households. However, depending upon the application the suitable form is used. For instance, date sugar granules and crystals are widely used for bakery & confectionery Granulated date sugar is a rich source of carbohydrates which soluble in nature. It is sometime referred as industrial sugar. Granulated date sugar is used in the food & beverage industry, bakery and confectionery, it is a primary ingredient in the food & beverage industry. Powdered date sugar is a fine powder of date sugar which is more soluble in nature as compared to granulated sugar. However, it is also used in bakery and confectionery but majorly they are used in dressings and condiments, sauces and spreads. Increasing consumption of confectionery and bakery food products is the key factor propelling the growth of powdered date sugar. Date sugar syrup is gaining popularity owing to its long shelf life. Moreover, it offers a better alternative to the conventional granular or powdered date sugar. Nontoxicity, anti-crystal, anti-freezing humectant, and preservative properties are driving the demand for date sugar syrup. The use of sugar syrups in breakfast foods, especially as toppings is increasing due to the rapidly growing consumer demand.

End Use Insights

The Asia Pacific date sugar market is segmented on the basis of end use, into bakery, confectionery, dressings and condiments, sauces and spreads.  Bakery segment led the date sugsr msrket. Date sugar is used in various bakery and confectionery products such as cakes, pastries and cookies, biscuits, candies, etc. Bakery products like cakes and pastries, biscuits, breads, and breakfast goods are considered under bakery segment for date sugar. Increasing consumption of these ready-to-eat foods across the globe owing to hectic lifestyle is expected to fuel the bakery products demand over the forecast years. Various factors affecting the bakery industry growth are flavors and fat content along with texture and sweetness. Date confectionery includes sweets, candies, chocolates and other sugar confectioneries made from date sugar. The growth and demand of the confectionery industry is optimistic. However, the majority of market growth is driven by rapidly evolving consumer preferences. Greater demand for indulgence foods and increasing health consciousness among consumers are some of the key factors that are influencing the market growth of date confectionery. Date sugar syrup and powder is used for dressings and in condiments. The use of syrups on breakfast foods, especially as toppings is increasing due to the rapidly growing consumer demand. Customers are moving towards common and natural nourishment items, which are more delicious, more advantageous, and progressively nutritious. Date sugar syrups are specially used in sauces in spreads. These sauces and spreads are specially used in breakfast goods such as sandwiches and desserts. They are also widely used among food service industry.

Origin Insights

The Asia Pacific date sugar market is segmented on the basis of origin is segmented into conventional and organic. Conventional segment led the Asia Pacific date sugar market. The organic date sugar is made from organically produced dates. Organic dates are free from any kind of artificial or synthetic fertilizers and they are grown by traditional methods. Whereas in the conventional type, several chemical elements are added to increase the productivity. Conventional date sugar is made from dried conventionally grown dates. Conventional farming is one of the most practiced farming methods which involve use of fertilizers, pesticides and other chemical compounds to cultivate the crop. The conventional form of farming technique is widely adopted among the farmers in order to obtain higher yield and availability of product at low cost. Organic date sugar is obtained from organically grown dates and in some countries such as USA, the food regulating authorities in this case FDA has defined organic food as the food which is free from artificial preservatives, colors, or flavors and requires that their ingredients are organic, with some minor exceptions. Organic farming is the technique which involves the cultivation of date sugar without the use of artificial fertilizers, pesticides, or growth regulators on the agricultural land.

Sales Channel Insights

The Asia Pacific date sugar market is segmented on the basis of sales channel is segmented into supermarkets and hypermarkets, specialty stores, traditional grocery stores, and online stores. Supermarkets and hypermarkets led the Asia Pacific date sugar market. Supermarkets offers a broad range of products from different brands at one place with discounted prices compared to other sales channels. Specialty stores may sell any particular product type, and these have a wide variety within a narrow line of products. Traditional grocery stores are limited to a small area compared to hypermarkets and supermarkets, but are meant for their rapid service and long working hours. The online sales channel is also gaining popularity owing to the growing digitization. Hypermarkets and supermarkets are self-service shops that offer a different variety of processed snacks which includes confectionery items, snacks, cereals, bakery items, dairy, and others sweet. They also provide wide variety of sweeteners such as brown sugar, coconut sugar, maple syrup, date sugar syrup or granulated sugar and other sweeteners that can be used in household applications. Specialty stores are the retail stores which are focused on offering specific product categories. Specialty Stores for processed and convenience food are primarily engaged in selling products such as confectionery items, snacks, cereals, bakery items, dairy, nutritional bars and others sweet. Traditional grocery stores are restricted to limited area and are small in size compared to hypermarkets & supermarkets. The main difference between a grocery stores and a hypermarket or a supermarket is that the grocery stores are open till late at night, which proves to be an added bonus for the sales of a product. The online portals like Amazon, Nature’s Basket, Bakewala.com etc. have been beneficial in the growth and expansion of the date sugar market. Increased use of mobile phones, computers, and laptops, has helped in the growth of digital channels, with respect to strength and volume.

Asia Pacific Date Sugar Market, By  SEGMENTATION

ASIA PACIFIC DATE SUGAR MARKET SEGMENTATION

Date Sugar Market, by Form

• Granules and Crystal
• Powdered
• Syrup / Liquid

Date Sugar Market, by End Use

• Bakery
• Confectionery
• Dressings and Condiments
• Sauces and Spreads
• Liquid

Date Sugar Market, by Origin

• Conventional
• Organic

Date Sugar Market, by Sales Channel

• Hypermarket /Supermarkets
• Specialty Stores
• Traditional Grocery Stores
• Online Retail

Company Profiles

• NOW Foods
• Ario Co.
• Hain Daniels Group
• MGT Dried Fruit