In recent years, data syrup has become a highly desirable as a core ingredient for beverage making, thereby steering growth in the global data syrup market.
The use of date syrup is also rising as the home baking movement spreads throughout the world. As a result, date syrup's high functionality, nutritious content, and extended shelf life are expected to supplement market expansion.
Owing to features such as rustic flavor, large scale hassle-free availability and acceptance globally, more specifically as Halal certified product are likely to further thrust growth in the global date syrup market in the coming years.
The rise in commercial date syrup consumption, as well as diabetes patients’ preference for date syrup, is driving the worldwide date syrup market's expansion. However, the availability of many substitutes and buyers' lack of product awareness limits the market to some extent. However, the production of organic date syrup, as well as updated processing and packaging, provide new prospects in the future years.
The product was widely utilized as a natural liquid sweetener in several food and beverage sectors, including bakery and confectionery, desserts and dairy, drinks, and others. Aside from that, with the growing popularity of healthy diets, the bulk of customers are turning toward the use of nutraceutical goods. Over the previous several years, the target market has experienced a surge in demand due to the growth of online retail platforms.
People have been seeking for alternatives to maintain a healthy lifestyle, and sugar replacements have been a major priority. It all boils down to the health concerns and the large number of calories that traditional sugar provides to the body. The price of a product has a big influence on its market expansion, and not all consumers are prepared to pay extra for all of the health benefits that it provides.
Adroit Market Research report on the global energy market provides a comprehensive view into the market trends from 2018 to 2028, covering key aspects of the market dynamics such as the market drivers, restrains, opportunities, challenges and core strengths. The market has been assessed through the historic years spanning from 2018 to 2020 keeping 2020 as the base year of market estimation followed by the future forecast from years 2021 to 2028. The report accurately covers market status, traits and industry dynamics with respect to each phase. In addition, the study also incorporates further assessment of the market based on Porter’s five forces analysis and evaluates the placement of the key players based on revenue contributions, geographic footprint, product portfolio and strategic initiatives.
In terms of product type, the conventional segment accounted for the date syrup market in 2020 and is projected to continue to do so throughout the anticipated period, due to the availability and production are higher in this area; conventional date syrup is the global market leader.
In terms of end-user, the commercial segment generated the most revenue in 2020, and it is anticipated to retain its dominance over the predicted period.
In terms of distribution channels, the business-to-business segment accounted for the largest market revenue in the year 2020.
In terms of regional scenario, the European date syrup market is accounted for the highest market revenue in 2020. Furthermore, the area is at the forefront due to its high consumer health consciousness and comprehension of the benefits of date syrup use.
To expand their market share, remain competitive, and attain profitability in the industry, companies in the worldwide date syrup market have used a variety of development techniques, including but not limited to product introduction, acquisitions, regional expansion, and others. The key players operating in the date syrup industry include Lion Dates Impex Pvt Ltd., Hain Celestial Group, Belazu Ingredient Company., Just Date Arat Ratinkhosh Co., Company PJS., Al Foah, Galil Foods, Syrup, Sahara Dates, and Ario Co.
Key Segments of the Global Date syrup Market
Product Type Overview, 2018-2028 (USD Billion)
End-User Overview, 2018-2028 (USD Billion)
Distribution Channel Overview, 2018-2028 (USD Billion)
- Specialty Stores
- Business to Business
- Online Sale Channels
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and Africa