Raisins Market Size, Share, and Analysis by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Raisins 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 Date : Oct 2020
- Report Code : TIPRE00007717
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 175
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
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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.
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 Regional Insights
The regional trends and factors influencing the Raisins Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Raisins Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Raisins Market
Raisins Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2.22 Billion |
| Market Size by 2027 | US$ 3.19 Billion |
| Global CAGR (2019 - 2027) | 4.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Raisins Market Players Density: Understanding Its Impact on Business Dynamics
The Raisins Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Raisins Market are:
- Akrodria
- Geobres
- Lion Raisins
- Montagu Snacks
- Red River Foods
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Raisins Market top key players overview
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
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.
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.
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.
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Global Raisins Market
- Akrodria
- Geobres
- Lion Raisins
- Montagu Snacks
- Red River Foods
- S & B Herbafoods (Sun-Maid)
- Sunbeam Foods
- Traina Foods
- Sunsweet
- Fruits of Turkey
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