Raisins Market is expected to reach US$ 3,191.36 Mn by 2027

Rising application of raisins in food and beverage industryis driving the market growth at CAGR of 4.7% during 2020–2027

According to our latest market study on “Global Raisins MarketForecast to 2027 – COVID-19 Impact and 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), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, and Others);”. The global 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. The report highlightskey factors driving the market growth and prominent players along with their developmentsin the market.

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 worldand 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. Further, raisins can also treat anemia, enhance vision, reduce arthritis pain while promoting healthy hair and also provides a natural glow to the skin. Raisins are considered healthier substitutes of sugared candies and it can also be added to regular yogurt, granola, cereal, or baked dishes to enhance their taste and its nutritional profile. Moreover, raisins are highly utilized by the food &beverage industry owing to the rising health conscious among the consumers. Customers are demanding nutrition rich food products and companies are striving to meet the evolving customer demands. Raisins can be added in various food products including muffins and pancakes to sweeten the product instead of using refined sugar. Raisins in their raw form are a healthy snack option for consumers of all ages. Chocolate-covered raisins and yogurt-covered raisins, are also popular snack among the populace.

The interest in innovative bakery and confectionery products is escalating across the globe. Raisins are used as an ingredient for sugar replacement. Dried raisins are widely used in various food products to increase their flavor and nutritional value. Chocolate snacks, bakery products, fruit snacks, and many other products use raisins as an important ingredient. Various food companies are using raisins in their products and are introducing several types of snacks and bakery products consisting of raisins. The bakery industry is a traditional user of dried grapes. Raisins are used as toppings in different bakery products, which add the raisins' essence and good flavor to the particular food product. With the rising flavor inspiration and increasing demand for healthy food ingredients in food products, food companies focus on incorporating healthy foods such as raisins in their final products. In the bakery sector, raisins are used in baked goods to improve their flavor and texture. Incorporating raisins in bakery food products imparts a tangy flavor to these products and enhances their nutritional value. During the last few decades, there has been a remarkable boom in the bakery sector, which has directly raised the demand for raisins among manufacturers in this industry. Product innovation and frequent product launches in the bakery industry have made the raisins market more competitive than earlier, further amplifying market growth. Some recent product launches include organic mini biscuits by Bulgarian company Natur, crispy bread slices with raisins by Polish company Mamut, panettone with raisins and orange peels by Bulgarian company Tims, and biscuits with raisins by Latvian company Dzukija.

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

COVID-19 first began in Wuhan (China) during December 2019, and since then it has spread across the globe at a fast pace. The US, India, Brazil, Russia, Spain, Brazil, Mexico, Italy, South Africa, France and the UK are among the most affected countries in terms of confirmed cases and reported deaths as of October 2020. According to the latest WHO figures, there are ~36,053,816 confirmed cases and 1,054,721 total deaths globally. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry are the major industries suffering serious disruptions such as supply chain breaks, disruptions in manufacturing due to lockdown and office shutdowns as a result of this outbreak. Although, China is the global hub of manufacturing and the largest raw material supplier for various industries, the lockdown of various plants and factories in China and other leading regions of Asia Pacific and North America is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have greatly affected the global raisins market.

Global Raisins Market Breakdown—by Region, 2019

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Raisins Market Size, Share, and Forecast to 2027 | The Insight Partners

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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

The Report Segments the Global Raisins Marketas Follows:

By Product Type

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

By Nature

• Organic
• Conventional

By End User

• Food Industry
• Food Service Provider
• Households

By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Store
• Online
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • U.K
  • Russia
  • Rest of Europe
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
• Rest of Middle East and Africa
  • SAM
  • Brazil
  • Argentina
  • Rest of South America