Future Market Insights’ (FMI’s) latest report offers comprehensive insights into the global date syrup market. The report forecasts the market to grow by 6.4% CAGR between 2021 and 2031.
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Consumer preference for clean label products and ingredients derived from natural sources for their food items will steer growth in the market. The same trend is driving sales of date syrup in nutraceutical and cosmetics industry.
Growing product knowledge has resulted in more awareness in consumers than ever before. Today, consumers are just not satisfied by choosing any food just because its label says “high quality”, but they intend to know its constituents and processing.
Looking at this trend, leading manufacturers in food, skincare, and other industries are providing products that are free from or contains negligible amounts of preservatives, artificial sweeteners and flavors.
Moreover, the national and international food safety regulations and standard operating procedures’ compliance also have compelled many food producers to eliminate the use of such additives while processing.
For instance, Arat Company Pjs, ensures strict compliance to BRC Grade AA, IFS, ISO 22000 Food Safety, Kosher, ISO 9001:2015, HACCP, ISIRI and Halal and includes nothing but dates and water for processing and producing its high quality dates syrup.
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Key Takeaways from the Date Syrup Market Study:
- Date syrup market is expected to total US$ 630 Mn by 2031.
- The Middle East and Africa (MEA) will emerge as the leading market, accounting for the lion’s share of date syrup sales. FMI has pegged the demand in MEA to grow by 5% CAGR.
- In North America, sales of date syrup will accelerate on account of surging demand from the U.S.
- Within Europe, Germany, France and the U.K. will spearhead sales of date syrup.
- Despite China’s dominance in East Asia, sales of date syrup will increase at a higher rate in Japan and South Korea.
“Companies operating in the date syrup market are offering the products in different quality grades. This has enabled the manufacturers to attract new customers from the foodservice and food & beverages industry. Depending upon a customer’s need, the product can be provided.” said a lead analyst at FMI.
Need for Stable Shelf-life Products Driving the Demand for Date Syrup
Work-centric lifestyles of dominating population has caused a major shift in demand for the type and properties of food products. People today are opting for food items that have extended seasonality, easy application, and multi-purpose for the sole reason of convenience, which these food products offer to the evolving consumers.
This has compelled several leading manufacturers to subsidize research and development to uncover more natural ways to keep food shelf-stable for an extended period of time.
Date syrup is no exception to this. The product itself is insured of seasonality as soon as it is produced. Even the syrup manufacturers with their innovation potentials, have developed syrups that do not even require the application of refrigeration to ensure slow degradation.
For instance, Ratinkhosh Co., provides a minimally processed dates syrup, which comes with a shelf-life of 2 years without the use of any type of preservatives or artificial ingredients.
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Who is Winning?
Some of the leading companies offering date syrup are Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, Date Lady, and Others.