Date Sugar Market to Grow at a CAGR of 4.2% to reach US$ 2,942.1 million from 2019 to 2027

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.

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Date Sugar Market: Strategic Insights

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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.

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.

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.

Date Sugar Market Regional Insights

The regional trends and factors influencing the Date Sugar Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Date Sugar Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Date Sugar Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Date Sugar Market 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 Date Sugar Market are:

1. Bob

Disclaimer: The companies listed above are not ranked in any particular order.

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