Asia Pacific Raisins Market Size, Share, and Analysis by 2027

The Raisins market in Asia- Pacific is expected to grow from US$ 472.81 million in 2019 to US$ 724.44 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027.

Australia, India, China, Japan, South Korea, and Rest of APAC are the major economies in Asia- Pacific. The increasing application of raisins in food and beverage industry will surge its demand in the market. The interest in innovative bakery and confectionery products is escalating across the globe. Raisins are used as an ingredient for sugar replacement. Dried raisins are widely used in various food products to increase their flavor and nutritional value. Chocolate snacks, bakery products, fruit snacks, and many other products use raisins as important ingredients. Various food companies are using raisins in their products and are introducing several types of snacks and bakery products consisting of raisins. The bakery industry is a traditional user of dried grapes. Raisins are used as toppings in different bakery products, which add the raisins' essence and good flavor to the particular food product. With the rising flavor inspiration and increasing demand for healthy food ingredients in food products, food companies focus on incorporating healthy foods such as raisins in their final products. In the bakery sector, raisins are used in baked goods to improve their flavor and texture. Incorporating raisins in bakery food products imparts a tangy flavor to these products and enhances their nutritional value. During the last few decades, there has been a remarkable boom in the bakery sector, which directly results in the strengthened demand for raisins among manufacturers in this industry. Product innovation and frequent product launches in the bakery industry have made the raisins market more competitive than earlier, further amplifying market growth.

The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the Asia-Pacific raisins market is expected to grow at a good CAGR during the forecast period.

Asia- Pacific Raisins Market Revenue and Forecast to 2027 (US$ Mn)

Asia- Pacific Raisins Market Segmentation

Asia- Pacific Raisins Market – By Product Type

Asia- Pacific Raisins Market – By Nature

Asia- Pacific Raisins Market – By End User

Asia- Pacific Raisins Market – By Distribution Channel

Asia- Pacific Raisins Market- By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

Asia- Pacific Raisins Market- Companies Mentioned

•   Geobres
•   Lion Raisins
•   Sunbeam Foods
•   Fruits of Turkey

Asia Pacific Raisins Report Scope