Date Syrup Market

Global Date Syrup Market Size (2024 To 2032)

The size of the global date syrup market is expected to be worth USD 393.15 million in 2024 and grow at a CAGR of 4.30% from 2024 to 2032 to achieve USD 550.60 million by 2032.

Current Scenario of the Global Date Syrup Market

The Global Date Syrup Market is anticipated to have the highest market revenue due to the increasing consumption of date syrup in the commercial sector. The process of boiling dates in water and the residue formed is nothing but the date syrup. Date syrup is sweet, delicious, and also healthy. Most of the global population replace date syrup with sugar in coffee, tea, and others. Dates syrup comprises many minerals, including zinc, magnesium, calcium, iron, and sugar. Date syrup can be drizzled over a bowl of ice cream, French toast, sandwiches, pancakes, oatmeal, and yogurt. Owing to these characteristics, the global date syrup market growth would increase in the upcoming years. 

MARKET DRIVERS

The increasing consumption of date syrup in the commercial sector is one of the major factors driving the date syrup market growth. Date syrups are efficient in combating numerous diseases. These are proved better than sugar. Therefore, most diabetic patients were attracted to the date syrup, which led the global date syrup market to increase its size and share during the foreseen period. According to the analysis of specialists, the number of diabetes patients was increasing globally daily. It is reviewed that almost 400 million people have diabetes. This case would continue to grow in the next six years since date syrup is clinically proved better than sugar, attracting most of the patients who have diabetes and helps in increasing the global date syrup market growth.

MARKET RESTRAINTS

The availability of different products, including maple syrup, chocolate syrup, corn syrup, coconut sugar, molasses, honey, and many more, were in demand to slow down the growth of the global date syrup market. However, one of the most commonly used and popular is maple syrup due to its natural sweetness obtained from the maple tree. Therefore, the consumption of maple syrup is more among the population. Thus, slowing down the market share of global date syrup during the forecast period.

MARKET CHALLENGES 

Major substitutes for syrups were made available in the market. Also, less product knowledge and awareness among the customers are the significant challenges hampering the growth of the global date syrup market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Date Syrup Market Analysis By Nature

Based on nature, the date syrup market is segmented into conventional date syrup and organic date syrup. Besides organic date syrup, traditional syrup of date tends to hold the highest global date syrup market share due to its heavy production and availability in the market. In addition, conventional date syrup is used by most women to regulate high blood pressure and has a good concentration of sugar. Therefore, the traditional date syrup segment drives the global date syrup market growth.

Global Date Syrup Market Analysis By End User

Based on end-user, the date syrup market is segmented into residential and commercial. The commercial segment plays a significant key role in holding the largest date syrup market share and is yet to continue its dominance in the upcoming years due to the growing number of bakeries and the food sector.

Global Date Syrup Market Analysis By Distribution Channel

The date syrup market is categorized into specialty stores, supermarkets/hypermarkets, business & business, and online sales channels based on the distribution channel. Among these, the business-to-business sector tends to hold the most significant global date syrup market share during the forecast period due to consumers' increasing demand for date syrup. Thus, the growing consumption drives the segment to play a dominant role in the global date syrup market.

REGIONAL ANALYSIS

Europe predominantly holds the highest Global Date Syrup market share due to the increasing awareness regarding health among consumers. In addition, most of Europe's population relies primarily on a healthy diet, thus driving the dominant region of the Europe Date Syrup market. Moreover, the Asia Pacific region holds the highest CAGR during the forecast period. This is due to consumers' increasing number of health complications, thus driving the Asia Pacific Date Syrup Market to hold the highest CAGR. At the same time, owing to the changing lifestyle, North America Date Syrup Market tend to have a steady CAGR shortly, and the Middle East & Africa Date Syrup Market tend to grow with a significant CAGR respectively during the forecast period owing to the increasing number of population concentrating on health in the Middle East and Africa.

KEY PLAYERS OF THE GLOBAL DATE SYRUP MARKET 

Major Key Players in the global date syrup market are Lion Dates Impex Pvt Ltd, Al Foah, Hain Celestial Group, Belazu Ingredient Company, Galil Foods, Arat Company PJS, Ratinkhosh Co, Ario Co, Sahara Dates and Others

RECENT HAPPNENINGS IN THE MARKET

Lion Dates Impex Pvt Ltd. has introduced the date syrup is prepared from the machine without adding any preservatives. Thus making the nutrients retained in the date syrup. It is being extracted from pure dates to keep the fiber content of dates intact.

DETAILED SEGMENTATION OF THE GLOBAL DATE SYRUP MARKET INCLUDED IN THIS REPORT

This research report on the global date syrup market has been segmented and sub-segmented based on nature, end user, distribution channel and region.

By Nature

• Conventional date syrup
• Organic date syrup

By End User

• Residential
• Commercial

By Distribution Channel

• Specialty stores
• Supermarkets/Hypermarkets
• Business to business
• Online sales channels

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa