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HomeMarket ResearchInternational Dates Market to Hit $36.14 Billion by 2028

International Dates Market to Hit $36.14 Billion by 2028


Dried fruits on display at a marketThe worldwide dates market is rising quickly, pushed by rising well being consciousness, evolving dietary preferences, and rising demand for pure, plant-based merchandise. This weblog supplies an in-depth look into the dates market, specializing in its dimension, progress, traits, and future alternatives for companies.

Dates Market Overview

The worldwide dates market reached a worth of almost $26.78 billion in 2023, rising at a compound annual progress charge (CAGR) of three.04% from 2018 to 2023. By 2028, the market is anticipated to develop to $36.14 billion, at a CAGR of 6.18%, and additional to $50.43 billion by 2033. This vital progress highlights the rising demand for dates throughout varied functions.

Global Dates Market Research Infographic

Key progress drivers within the historic interval included:

  • Well being consciousness: Rising recognition of the dietary advantages of dates.
  • Dietary shifts: Elevated adoption of plant-based and vegan diets.
  • Natural traits: Greater demand for pure and natural merchandise.

Key Market Segments

By Sort: Dried Dates and Date-Primarily based Merchandise

When analyzing the market by sort, dried dates are the dominant phase. In 2023, dried dates accounted for a considerable 42.58% of the overall market, translating to $11.40 billion in income.

Alternatively, date-based merchandise are projected to see the quickest progress within the coming years. With an anticipated compound annual progress charge (CAGR) of seven.17% from 2023 to 2028, this phase reveals promising potential.

By Selection: Medjool Dates the Prime Section

Trying on the number of dates, Medjool dates stand out as each the most important and fastest-growing sort. Representing 31.72% of the market in 2023, Medjool dates accounted for a formidable $8.49 billion. This selection can be anticipated to expertise a sturdy progress trajectory, with a projected CAGR of seven.33%.

By Nature: Typical vs. Natural

Typical dates proceed to dominate the market over natural dates. In 2023, standard dates represented a major 85.71% of the market, totaling $22.95 billion in income.

Nevertheless, natural dates are the fastest-growing phase on this class. With a CAGR of 6.73%, natural dates are gaining traction as extra shoppers flip to natural choices for his or her perceived well being advantages and environmentally pleasant farming practices.

By Distribution Channel: Supermarkets vs. On-line Shops

By way of distribution channels, supermarkets and hypermarkets had been the main sources for date purchases in 2023. These conventional stores accounted for almost 48.03% of the market, producing $12.86 billion in gross sales.

But, on-line shops are anticipated to expertise essentially the most fast progress within the coming years, with a forecasted CAGR of 6.86%. The comfort of procuring from dwelling, coupled with the rising pattern of e-commerce, is driving extra shoppers to purchase dates and date-based merchandise on-line.

Regional Insights

The Center East led the worldwide market in 2023, accounting for 25.69% of the overall market ($6.88 billion), adopted by Africa and Asia Pacific. Trying forward, North America and Western Europe are anticipated to be the fastest-growing areas, with CAGRs of 8.00% and seven.36%, respectively.

Prime Traits and Aggressive Methods

One of the notable traits within the dates market is the rising demand for dates in health-focused snacks and dietary supplements. Wealthy in fiber, pure sugars, nutritional vitamins, and minerals, dates are being integrated into all kinds of health-oriented merchandise.

The rise of e-commerce is one other main pattern influencing the dates market. On-line platforms have gotten more and more necessary in driving gross sales progress, significantly in gentle of the rising demand for comfort and the shift in direction of on-line procuring.

Innovation additionally performs a key function within the ongoing evolution of the dates market. Corporations are more and more launching new and artistic date-based merchandise to cater to various shopper preferences and seize market share. Key gamers are specializing in launching revolutionary merchandise and increasing their distribution networks to remain aggressive.

Alternatives for Companies

For companies trying to broaden within the dates market, the next areas current vital alternatives:

  • Geographic growth: North America and Western Europe provide profitable progress potential.
  • Product innovation: Discover date-based merchandise reminiscent of syrups and snacks to focus on rising health-conscious shopper segments.
  • E-commerce channels: Spend money on on-line platforms to faucet into the fastest-growing distribution phase.

Are you trying to discover alternatives within the booming dates market? Obtain the complete Dates International Market Report 2024 to realize deeper insights into market traits, forecasts, and strategic alternatives for your enterprise.

About The Enterprise Analysis Firm

The Enterprise Analysis Firm is a market intelligence agency that excels in firm, market, and shopper analysis. Situated globally, it has specialist consultants in a variety of industries together with manufacturing, healthcare, monetary providers, chemical compounds, and expertise. Discover the corporate on LinkedIn, Twitter, Fb, or YouTube for extra.



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