Global Date Syrup Market
Date syrup is made from dried dates and adds a rich sweetness to recipes. It is known as a healthier and more natural alternative to brown sugar, although it is quite expensive. Date honey, date syrup or date molasses is a thick brown, very sweet fruit syrup extracted from dates. It is widely used in North Africa and the Middle East for cooking. They are considered to be a natural excellent sweetener, very versatile and can be used wherever molasses, sugar, and syrup are traditionally used. It is made in a way that all the nutrients and goodness in the dates are preserved.
Date syrup offers opportunities in the food industry to create unique liquid products like juice blends, yogurt drink, and other beverages. In addition, it is used in wines, spirits, and vinegar through the fermentation of sweet syrup liquid/pulp
Market Drivers
Increasing consumption demand for date syrup can drive the market growth. Date syrups are effective in many combating diseases which are better than sugar. Due to which, many diabetic patients were attracted to the date syrup, which hence helped in driving the market growth at ease. This way it is said that it would continue to grow in the coming years as date syrup is clinically proved better than sugar.
Market Restraints
The major factor restraining the growth of the food grade lubricants market is the demand of availability of different products aiming to slow down the global date syrup market growth. Products like maple syrup, chocolate syrup, corn syrup and honey. Most in demand syrup known as maple syrup was used more due to its natural sweetness. However, the consumption of maple syrup is more among the worldly people hence slowing down the market share of the date syrup market.
Market Segmentation
Globally market is segmented into form segmentation and end user segmentation. Form segment is classified into Granules & crystal and syrup. 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 consider as 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. Based on end user segment, market is divide into bakery, confectionery and dressing & condiments. 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.
Regional Analysis
Globally, date syrup market can be classified into North America, Europe, Asia Pacific (APAC), Middle East and Africa, China and Latin America. Europe dominated the date syrup market in 2020, and is expected to retain its dominance during the forecast period. Furthermore, the region is leading, owing to its leading consumer health consciousness and awareness regarding the benefits of date syrup consumption. Developing regions of South Asia and East Asia are expected to lead market expansion at a value CAGR of 8.8% and 8.4%, respectively.
Key Players
The global date syrup market is largely dominated by companies such as Bob’s Red Mill Natural Foods, Lion Dates Impex Pvt ltd, Date Lady, Naturalia Ingredients srl, NOW Foods, GloryBee, Ario Co Barry Farm Foods, Hain Daniels Group, PANOS brands, MGT Dried Fruit.
Industry development
In March 2021, Date Lady opened about their plans regarding date syrup to expand its production facility so as to provide much-needed space and larger equipment to meet the ever-growing demand for its products, owing it its increasing popularity.
Global Date Syrup Market Segmentation
By Form
By End user
By Region
Key Questions Addressed by the Report?
Global Date Syrup Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Date Syrup Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
5 Global Date Syrup Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Date Syrup Market Share Analysis, By Form
5.3 Global Date Syrup Market Size and Forecast, By Form
5.3.1. Granules & Crystal
5.3.2. Syrup
6 Global Date Syrup Market, By End User
6.1 Y-o-Y Growth Comparison, By End user
6.2 Global Date Syrup Market Share Analysis, By End User
6.3 Global Date Syrup Market Size and Forecast, By End User
6.3.1 Bakery
6.3.2Condiments & dressings
6.3.3 Confectionery
7. Global Date Syrup Market, By Region
7.1 Global Date Syrup Market Share Analysis, By region
7.2 Global Date Syrup Market Share Analysis, By Region
7.3 Global Date Syrup Market Size and Forecast, By Region
8. North America Date Syrup Market Analysis and Forecast (2021- 2030)
8.1 Introduction Market Share Analysis, By Region
8.2 North America Date Syrup Market Share Analysis, By Form
8.3 North America Date Syrup Market Size and Forecast, By End User
9.5 North America Date Syrup Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9. Europe Date Syrup Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 Europe Date Syrup Market Share Analysis, By Form
9.3 Europe Date Syrup Market Size and Forecast, By End User
9.5 Europe Date Syrup Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10. Asia Pacific Date Syrup Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Asia Pacific Date Syrup Market Share Analysis, By Form
10.3 Asia Pacific Date Syrup Market Size and Forecast, By End User
10.5 Asia Pacific Date Syrup Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11. Latin America Date Syrup Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Latin America Date Syrup Market Share Analysis, By Form
11.3 Latin America Date Syrup Market Size and Forecast, By End User
11.5 Latin America Date Syrup Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12. Middle East Date Syrup Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Middle East Date Syrup Market Share Analysis, By Form
12.3 Middle East Date Syrup Market Size and Forecast, By End User
12.5 Middle East Date Syrup Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4 Kuwait
12.5.5. South Africa
13 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
14 Company Profiles
14.1 Bob’s Red Mill Natural Foods
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Lion Dates Impex Pvt ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Date Lady
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Naturalia Ingredients srl
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 NOW Foods
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 GloryBee
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Ario Co Barry Farm Foods
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Hain Daniels Group
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 PANOS brands
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 MGT Dried Fruit
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11.6 Key Strategies
15.12.6 Key Strategies
