The date sugar market accounted for US$ 2,036.5 million in 2018 and is expected to grow at a CAGR of 4.2% from 2019 to 2027 to reach US$ 2,942.1 million by 2027.
Date sugar is known as alternative sugar for cane sugar and other sugar products. It is most preferred by consumers since it is less processed than regular sugars. It is processed using dried dates, and while adding to any recipes, it delivers a rich sweetness. It is available in various forms, including granules and crystal, powdered, syrup, or liquid. The growing demand for these forms in various food products such as bakery, confectionery, processed snacks, and sauces is expected to drive market growth. In addition, the high demand for low GI foods, mostly among the diabetic and normal consumers, is further presumed to provide lucrative opportunities for market players operating in the date sugar market
The studied market in the Europe region is expected to grow at the highest CAGR of 4.9% during the forecast period. The growth of the studied market in Europe is mainly attributed to the huge and easy availability of raw materials required to produce date sugar. Date sugar has been gaining widespread popularity in the European regions owing to its applications mainly in the food and beverage industry to enhance the tests also increasing health benefits of the foodstuff. In Europe, the demand for premium products such as date sugar is positively impacted by the rise in disposable income and the change in consumer perceptions towards luxury food habits. Over the last five years, imports of dates in European countries have increased annually. All these factors are further influencing the market growth in this region.
Global Date Sugar Market
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Market Insights
Growing Demand from Processed Snacks and Cereals Manufacturers
Consumers nowadays tend to prefer more processed snacks and cereals. Processed snacks mostly include bakery & confectionery items, cereals, dairy, also other sweet snacks. However, these snacks possess high calories, sugar, fats, sodium, and other processed ingredients that might affect the health of the consumer. Consuming lots of these food products can increase the risk of heart diseases, obesity, high blood pressure, and elevated cholesterol. Hence, the growing health concerns rising due to the consumption of such snacks have further shifted consumer’s preference towards healthy processed food. Date sugar is one of the major elements which manufacturers are adopting to add to their products. Additionally, several health benefits associated with date sugar and its ability to easily blending with other ingredients make it a suitable choice for processed snacks and cereals. All these factors are fueling the market growth for date sugar through the bakery and confectionary segment.
Form Insights
The date sugar market, based on form, is segmented into granules and crystal, powdered, and syrup/liquid. The date sugar granules and crystal segment accounted for the largest share of the market in 2018. Granulated date sugar is further referred to as industrial sugar, which is a rich source of carbohydrates and is soluble in nature. Granulated date sugar is mostly utilized in the food & beverages industries for bakeries and confectionery. Granulated date sugar is utilized as the main component in the preparation of cookies, muffins, jams, biscuits, cakes, pastry, marmalades, and others.
Global Date Sugar Market, by Form– 2018 and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
End-Use Insights
The date sugar market, based on end-use, is segmented into bakery, confectionery, snacks, dressings and condiments, and sauces & spreads. The bakery segment accounted for the largest share of the market in 2018. It is utilized in bakery and confectionery; however, majorly, they are utilized in dressings & condiments, sauces, also in spreads. Growing consumption of confectionery as well as bakery food products is one of the key factors propelling the growth of the date sugar market. Bakery products including biscuits, bread, cakes & pastries, and breakfast goods are considered under the bakery segment prepared using date sugar.
Origin Insights
The global date sugar market based on origin has been segmented into conventional and organic. The conventional segment dominated the global date sugar market, whereas the market for organic date sugar is expected to grow at a higher CAGR during the forecast period. Conventional date sugar is mainly prepared from dried conventionally grown dates. Conventional farming of date trees is one of the most practiced farming methods in many countries, which involves the use of fertilizers, pesticides also other chemical compounds to cultivate the crop. The conventional form of farming technique is widely embraced among the farmers mainly to obtain higher yield and availability of product at low cost. This farming technique runs in favor of the yielders, farmers, and cultivators since the yields are high in comparison to cost.
Sales Channel Insights
Based on sales channel, the global date sugar market is categorized into supermarkets and hypermarkets, specialty stores, traditional grocery stores, and online stores. In 2018, supermarkets and hypermarkets segment led the global date sugar market. Hypermarkets and supermarkets showcase a broad range of products from several brands at one place with discounted prices as compared to other sales channels. The manufacturers mostly sell their products directly to the dealer and distributor, which is then supplied to the hypermarkets & supermarkets. Delivering products through supermarkets and hypermarkets is also a convenient as well as cost-effective way for the new market players mainly to promote their products through these channels. High footfall in these stores makes it easy for the producers to target their customer base. In addition, bulk delivery of goods to these places reduces the cost of operation for manufacturers, which further results in gaining a high profit margin.
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Date Sugar Market: Strategic Insights
Market Size Value in US$ 2,036.5 Million in 2018 Market Size Value by US$ 2,942.1 Million by 2027 Growth rate CAGR of 4.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Date Sugar Market: Strategic Insights
| Market Size Value in | US$ 2,036.5 Million in 2018 |
| Market Size Value by | US$ 2,942.1 Million by 2027 |
| Growth rate | CAGR of 4.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Mergers and acquisitions, and research and development are the commonly adopted strategies by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the date sugar market have been implementing the abovementioned strategies to expand their customer base and gain significant share in the global market, which also enables them to maintain their brand name globally.
Report Spotlights
- Progressive industry trends in the global date sugar market to help players develop effective long-term strategies
- Business growth strategies adopted by companies in developed and developing markets
- Quantitative analysis of the global date sugar market from 2017 to 2027
- Estimation of global date sugar demand generated by various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the date sugar ecosystem
- Recent developments to understand the competitive market scenario and global date sugar demand
- Market trends and outlook, coupled with factors driving and restraining the growth of the global date sugar market
- Insights to help in decision-making process by understanding strategies which underpin commercial interest with regard to the date sugar market growth globally
- Global date sugar market size at various nodes of the market
- Detailed overview and segmentation of the global date sugar market, as well as the date sugar industry dynamics
- Global date sugar market size in various regions with promising growth opportunities
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
Date Sugar Market – By Origin
- Organic
- Conventional
Date Sugar Market – By Sales Channel
- Hypermarkets/Supermarkets
- Specialty Grocery Stores
- Traditional Grocery Stores
- Online Retail
Company Profiles
- Bob’s Red Mill Natural Foods
- Date Lady
- Naturalia Ingredients srl
- NOW Foods
- GloryBee
- Ario Co
- Barry Farm Foods
- Hain Daniels Group
- PANOS brands
- MGT Dried Fruit
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form ; End Use ; Origin ; Sales Channel , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The major players operating in the global date sugar market, includes Bob’s Red Mill Natural Foods, Date Lady, Naturalia Ingredients srl, NOW Foods, GloryBee, Ario Co, Barry Farm Foods, Hain Daniels Group, PANOS brands and MGT Dried Fruit and among others.
The fastest growing region is Europe at a global level. Date sugar has been gaining growing popularity in the European regions due to its applications in the food and beverage industry for enhancing tests and increasing health benefits of the foodstuff. The consumption of date sugar and date sugar-based food products are displaying incremented growth over the last few years in the European countries. Moreover, Germany, Italy, Spain, and the UK are experiencing a growing demand for date sugar due to the increasing disposable incomes, growing urbanization, and rising demand for health beneficiary products. Apart from this, continuous research and development, coupled with the growing use of the latest technology for the extraction of date sugar, have led to the widespread adoption of date sugar.
In 2018, the granules and crystal segment accounted for a larger share of the global date sugar market. 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. Granulated date sugar is used widely in bakery products like cookies, biscuits, cakes, pastry, muffins, jams, marmalades, etc. The increasing use of date sugar granules and crystal has a positive impact on the market size.
The List of Companies - Date Sugar Market
- Bob’s Red Mill Natural Foods
- Date Lady
- Naturalia Ingredients SRL
- Now Foods
- Barry Farms
- Teeccino
- Clarks U.K. Ltd.
- Chatfield’s Brands
- Glory Bee
- Ario Co.
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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