Raisins Market Size, Share, and Forecast to 2027

Raisins Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Natural Seedless, Golden Seedless, Black Currant, Sultana, Muscat, and Monukka); Nature (Organic and Conventional); End User (Food Industry, Food Service Provider, and Households); Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, and Others); and Geography

  • Report Code : TIPRE00007717
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 175
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The raisins market was valued at US$ 2,216.70million in 2019 and is projected to reach US$3,191.36million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027.

Raisins are small sized dry fruits that contain abundant nutrients. Raisins are actually grapes that have been dried under the sun or in a food dehydrator. Raisins are produced in various regions across the world and are consumed raw or used in baking, cooking, and brewing. The color of the raisins depends on the grapes used. According to the USDA National Nutrient Database, raisins are rich in protein, fiber, and carbohydrates. They are extremely effective in relieving constipation and curing hypertension.The global raisins market in Asia Pacific is expected to grow at the highest CAGR of 5.5% during 2020–2027.

The COVID-19 pandemic was first reportedin Wuhan (China) in December 2019.As of June 2020, the US, Russia, India, China, Italy, France, and Germany are amongthe worst-affected countries in terms of the positive cases and reported deaths. According to the WHO figures updated in June 2020, ~7,482,952 confirmed cases and ~419,497 deaths have been reported globally.The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Food &beveragesis one the world’smajor industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns.Although China is the global manufacturing hub and the largest raw material supplier for various industriesin the world,it is also one of the worst

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hit countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is adversely affecting the global supply chains, and manufacturing and sales of variousfood &beverages products. The overall market collapse due to this outbreakis also restraining thegrowth of theraisins market due to shutdown of factories, obstacle in supply chains, and downturn in world economy.

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Raisins Market: Strategic Insights

raisins-market
Market Size Value inUS$ 2,216.70Million in 2019
Market Size Value byUS$ 3,191.36Million by 2027
Growth rateCAGR of 4.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Global Raisins Market Breakdown – by Region, 2019

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Awareness Among the Consumers Regarding the Health Benefits of RaisinsDrivesMarket Growth

Raisins are dried grapes, and their nutritional content will be similar to that of grapes. Both grapes and raisins are good sources of certain antioxidants; however, raisins contain higher levels of antioxidants than grapes due to the drying process, preserving the antioxidants. Nowadays, consumers are aware of the health benefits offered by raisins. The rising incidence of chronic diseases forces the consumers to include nutrient-rich raisins in their diet. According to the Journal of Nutritional Health, raisins have a significant amount of antioxidant levels and phenol content compared to other popular dried fruits. Raisins are rich in antioxidants such as flavonol glycosides and phenolic acids, and they have a high ORAC value. ORAC stands for oxygen radical absorbance capacity and reflects the antioxidant value of a food. Further, the consumption of raisins helps with digestion. Raisins contain an ample amount of fibers, which swell in the presence of water. It provides a laxative effect on the stomach and aids in relieving constipation.

Product TypeInsights

Based on product type, theraisinsmarket isfurtherbifurcatedinto natural seedless, golden seedless, black currant, sultana, Muscat, and monukka.The sultanasegment accounted for the largest share of the market in 2019.Sultana raisins are from the large, yellow-green Sultana grapes and are particularly tart and soft. They can be purchased in health-food stores and gourmet shops. Sultanas are more popular in Europe and originated in Turkey.

Raisins Market, by Product Type– 2019and 2027

Raisins Market, by Product Type– 2019and 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

End UserInsights

Based on end user, theraisinsmarketis further segmented intofood industry, food service provider, and households. The food industrysegment accounted for the largest share ofthe market in 2019. Raisins are rich in minerals such as iron, calcium, potassium, manganese, and zinc. Owing to this factor, raisins find its applications in a wide variety of food industry. Smoothies are made using raisins along with banana flakes, oats or corn flakes. It is an amazing blend with excellent taste provided in one glass. Raisins are also used in the making of cake mixes. Many frozen desserts are prepared using raisins such as frozen candies and ice creams. Raisins form a crucial part in the production of breakfast cereals and other fruit-based products.

Report Spotlights

  • Progressive industry trends in the global raisins market that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the raisins market from 2017 to 2027
  • Estimation of raisinsdemand across various industries globally
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the market
  • Recent developments to understand the competitive market scenarioand the demand forraisins
  • Market trends and outlook,and factors driving and restraining the growth of the market
  • Understanding onstrategies that underpin the global raisinsmarket growth, which assists stakeholders in decision-making
  • Raisins market size at various nodes of market
  • Detailed overview and segmentation of the market, and industrydynamics
  • Global raisins market size in various regions with promising growth opportunities in the these regions

Raisins Market, by Product Type

  • Natural Seedless
  • Golden Seedless
  • Black Current
  • Sultana
  • Muscat
  • Monukka


Raisins Market, by Nature

  • Organic
  • Conventional


Raisins Market, by End User

  • Food Industry
  • Food Service Provider
  • Households


Raisins Market, by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Store
  • Online
  • Others


Company Profiles

  • Akrodria
  • Geobres
  • Lion Raisins
  • Montagu Snacks
  • Red River Foods
  • S & B Herbafoods (Sun-Maid)
  • Sunbeam Foods
  • Traina Foods
  • Sunsweet
  • Fruits of Turkey
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type ; Nature ; End User ; Distribution Channel ; and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Based on product type, why is the natural seed less segment expected to grow at the highest rate during 2020–2027?

Natural seedless raisins are dried by the sun and loaded into bins to deliver to the processing plants. These raisins can either be dried on the ground or paper trays between vineyard rows or dried on the vine and mechanically harvested once the required level of dryness is achieved.Natural seedless raisins account for almost all California raisins. California Raisins are ready to eat and are economical. California raisins, which majorly constitute the natural seedless raisins, are inspected under the most rigid standards by both USDA inspectors and plant quality control technicians throughout the packaging process.

Can you list some of the major players operating in the global raisins market?

Akrodria, Geobres, Lion Raisins, Montagu Snacks, Red River Foods, S & B Herbafoods, Sunbeam Foods, Traina Foods, Sunsweet, and Fruits of Turkey are among the well-established players in the global raisins market.

Which region held the largest share of the global raisins market?

In 2019,the raisinsmarket was predominantinthe European regionat theglobal level.Europe is a mature and well-established market for raisins. The raisins market in the region is driven by the shift of consumers towards organic products and rising awareness about long term benefits offered by raisins. Europe has also known to be the highest exporter of raisin from South Africa. Further, the rise in disposable incomes coupled with rising demand for sweet products has led to the growth of the raisins market.

The List of Companies  - Global Raisins Market

  1. Akrodria
  2. Geobres
  3. Lion Raisins
  4. Montagu Snacks
  5. Red River Foods
  6. S & B Herbafoods (Sun-Maid)
  7. Sunbeam Foods
  8. Traina Foods
  9. Sunsweet
  10. Fruits of Turkey

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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.

A typical research interview fulfils the following functions:

  • 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:

Research Methodology

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.

  1. 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.

  1. 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.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

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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