Date The forecast value of the sugar market in 2032 will exceed US$2,960 million

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NEW YORK, January 27, 2022 /PRNewswire/ — The global growth rate in 2022-2023 is expected to be mainly 4% and the growth rate of the Middle East and Africa is 5% CAGR. Moreover, as date sugar is widely used in desserts and different food products, the sale of dates in the market has increased. The sale of date sugar has crossed 2,000 million US dollars in 2022 and on top of that, the predicted market value of the project in 2032 will exceed US$2,960 million.

As the world’s population shifted from cane sugar as a sweetener to substitutes such as stevia, coconut sugar, monk fruit sugar and date sugar. Date sugar is commonly sold in health/organic food stores because it is less processed than regular sugars.

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In 2018, Bob’s Red Mill Natural Foods, Date Lady, Now Foods and glory bee together accounted for more than three quarters of Tier 1 player income. Most date sugar businesses are privately owned and some are family owned. Some of the leading companies, including Bob’s Red Mill Natural Foods and Barry Farms, also offer date sugar online, through which they can keep up with customer demands.

Date sugar gas a cheap one in the US & Canada as an excellent option for cane sugar. It is used in various dishes as an alternative to cane sugar. This is the reason for the increase in demand for date sugar. It is not only used for household purposes, but also in the food and beverage industry. It is an immune-boosting agent and holds antioxidant properties. Date sugar should have approximately more than 45% overall market share North America.

Dates are consumed in large quantities in Middle East & African countries including Egypt, Iran, Algeria, Syria, Saudi Arabia and Iraq. It is also found in abundance, resulting in the use of dates in various products. The rate of dates is relatively low in the Middle East & African countries. Invest in proprietary research to increase the solubility of date sugar so that date sugar can be easily used in beverages such as coffee and herbal tea. Date syrups are gaining popularity in vegan and paleo diets. Thus, according to Fact.MR, date syrups should reach a market value of US$50 million in the evaluation period.

Market size value in 2022

US$2,000 million

Forecast market value of the project in 2032

US$2,960 million

World growth rate (2022-2032)

4%

Middle East and Africa growth rate

5% CAGR

Key points to remember:

  • Date sugar sales are likely to exceed US$2,000 million in 2022.
  • The global growth rate in 2022-2023 is to be mainly 4% and the growth rate of the Middle East and Africa is 5% CAGR.
  • Date syrups should reach a market value of US$50 million in the evaluation period.

Growth drivers:

  • The consumer is shifting from cane sugar as a sweetener to substitutes such as stevia, coconut sugar, monk fruit sugar, and date sugar, which can lead to market growth.
  • Availability of dates in Middle East and Africa as well as the request for North America positively influences date sugar sales.

Key Constraints:

  • Date sugar can be proven on the high price compared to other substitutes.

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Competitive landscape

  • Date Lady is a key player in the date sugar industry. The company offers gluten-free date sugar and is focused on expanding its product line that would use date sugar as a key ingredient.

Profiled key companies:

  • Bob’s Red Mill Natural Foods
  • Date
  • Naturalia Ingredients SRL
  • Now the food
  • Barry Farms
  • Teeccino
  • Clarks UK Ltd.
  • Chatfield’s Brands

More valuable insights into Date Sugar Market:

Fact.MR provides an unbiased analysis of the date sugar market, presenting forecast statistics for the period 2022-2032. The study discloses compelling insights into the global date sugar market with detailed segmentation on the basis of:

Key Segments Covered

· By form:

    • Date granules and crystal
    • Powdered date sugar
    • Date Syrup/ Liquid

· By end use:

    • Date sugar for industrial consumption
      • Date sugar for food production
        • Bakery
        • Confectionery
        • Snacks
        • Dressings and condiments
        • Sauces and spreads
      • Date sugar for the beverage industry
    • Date of retail sale Sugar consumption

· By origin:

    • Organic date sugar
    • Conventional date sugar

· By sales channel:

    • Direct purchase of date sugar
    • Retail sale of date sugar
      • Hypermarkets / Supermarkets
      • Discount stores
      • Specialty grocery stores
      • Traditional grocery stores
      • Online retail

Key questions covered in Date Sugar Market Report :

  • The report provides an overview of the date sugar market demand outlook for 2022-2032.
  • The market study also highlights the forecasted sales growth for the date sugar market between 2022 and 2032.
  • The Date Sugar Market investigation identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current and forecast market size and technological advancements within Of the industry.

Explore Fact.MR’s Food & Beverage Coverage –

Raw cane sugar market : Raw cane sugar is used as an alternative source of sugar in the food and beverage industry. Cane sugar consumption is expected to remain high among diabetic food manufacturers.

Raw beet sugar market : Raw beet sugar expected to remain high among diabetic food manufacturers. Brown (black) sugar is expected to see the highest demand in the food industry compared to other products. The surge in demand for raw beet sugar from retailers and food processors and retailers is expected to have a positive impact on the growth of the global raw beet sugar market.

Refined cane sugar market: The consumption of refined cane sugar is exploding in both developed and emerging countries. This is largely due to the growing consumer preference for healthier and pure food ingredients.

Sour Sugar Market: Rising demand for sour sugar in the food industry as an ideal solution to provide instant yet mild sourness in products such as soft gums is expected to fuel the growth of the sour sugar market in the coming years.

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SOURCE Fact.MR

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