Overview and Scope
Dates are the fruits of the date palm tree, scientifically known as Phoenix dactylifera. These fruits are widely cultivated in tropical and subtropical regions around the world for their sweet taste and high nutritional value. These are oval-shaped, with a single pit or seed inside.
Sizing and Forecast
The dates market size has grown strongly in recent years. It will grow from $26.78 billion in 2023 to $28.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to expanding applications in food and beverage industry, emerging e-commerce channels, rising demand for cookies, healthy snacks, desserts, and bakeries, rising vegan and plant-based trend.
The dates market size is expected to see strong growth in the next few years. It will grow to $37.30 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising demand for healthy snacks, increase in health consciousness among individuals, popularity of snackable and convenient foods. Major trends in the forecast period include innovative date-based goods, organic and sustainable production, innovative products, focus on research and development.
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Segmentation & Regional Insights
The dates market covered in this report is segmented –
1) By Type: Fresh Dates, Dried Dates, Date Pastes, Date Syrups, Date-Based Products
2) By Variety : Medjool Dates, Deglet Noor Dates, Zahidi Dates, Barhi Dates, Other Varieties
3) By Nature: Conventional, Organic
4) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Online Stores, Other Distribution Channels
5) By Application: Household Use, Food And Beverages Industry, Dietary Supplements, Personal Care And Cosmetics, Food Service, Other Applications
Middle East and Africa was the largest region in the dates market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising health consciousness is expected to propel the growth of the data market going forward. Health consciousness refers to individuals’ awareness and concern regarding their health and well-being. The rising health consciousness arises because of increased awareness of chronic diseases, a focus on personalized health, the influence of social trends, and a desire for longevity and quality of life. Dates are often used in health-conscious diets to improve nutrient density and provide various health benefits, such as increasing sexual stamina, relieving alcohol intoxication, and offering medicinal properties such as easing constipation, aiding intestinal disorders, and combating anemia. For instance, in 2023, according to a survey conducted by the International Food Information Council, a US-based nonprofit organization, an online survey taken by 1,022 Americans ages 18 to 80 said that 52% of Americans reported that they followed a diet or eating pattern in the past year, a significant increase from the past few years (39% in 2021), which increased compared to previous years and is expected to rise in the coming years. Therefore, rising health consciousness drives the dates market.
Key Industry Players
Major companies operating in the dates market report are Al Foah Company; Bateel International; Barari Dates Factory; Datepac LLC; Desert Valley Date; Lion Dates; Sphinx Ranch LLC; Al Barakah Dates Factory; Hadiklaim Date Growers Cooperative Ltd.; Emirates Dates Factory; Al Mohamadia Dates Company; Al Madina Dates Company; Urban Platter; The Medjool Date Company; Bard Valley Natural Delights; Oasis Baklawa; Saudi Dates Company; Muscat Dates Factory; Al Raiqa Date Fruit Trading Co LLC; Riyadh Dates Factory; Deliciouslydates.com; Coachella’s Best Dates; Sam Cobb Farms; Basaqat Elite Dates Company; AlYasmeen Organic
The Dates market report table of contents includes:
1. Executive Summary
2. Dates Market Characteristics
3. Dates Market Trends And Strategies
4. Dates Market – Macro Economic Scenario
5. Global Dates Market Size and Growth
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31. Global Dates Market Competitive Benchmarking
32. Global Dates Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Dates Market
34. Dates Market Future Outlook and Potential Analysis
35. Appendix
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