September 2024 | Report Format: Electronic (PDF)
Date Syrup Market Growth & Trends
The date syrup market size is anticipated to reach USD 567.3 million by 2030 and is projected to grow at a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing popularity of plant-based and vegan diets has further boosted the demand for date syrup. It is used as a natural sweetener in a variety of vegan recipes and products, from smoothies to desserts. Food manufacturers are continuously innovating and launching new products that incorporate date syrup. For example, its use in energy bars, health drinks, and organic snacks has been on the rise. This innovation drives demand in the food and beverage segment.
The increasing consciousness among customers regarding the significance of health and wellness is a key factor driving the market growth. Growing numbers of people are setting a higher priority on their health and looking for natural, nutrient-rich foods as their lives become more hectic and desk-bound. Due to its high vitamin, mineral, and antioxidant content, date syrup is popular among health-conscious customers. According to studies, dates are a good source of potassium, dietary fiber, and magnesium which are important for good health.
Demand for natural sweeteners has surged as a result of the global trend towards lowering sugar intake. The negative health impacts of refined sugars and artificial sweeteners, such as obesity, diabetes, and cardiovascular illnesses, are making consumers more cautious. Since date syrup is a natural sweetener, it is highly being adopted by consumers across the globe. Its reduced glycemic index and nutritional advantages make it a healthier substitute thus driving the market growth.
Conventional date syrup held a higher share of the market in 2023. Compared to organic date syrup, conventional date syrup is less expensive to make and purchase. Due to this cost benefit, it is more affordable for producers and wider range of customers, especially in regions where prices are crucial. Compared to organic dates, conventional dates are more widely available. The increased availability of regular dates ensures a regular supply of date syrup, meeting the increased requirements from diverse sectors such as food & beverage, nutraceuticals, and cosmetics.
Major players in the date syrup market include Parsunday Symbol Co.; Ario Co; Al Barakah Dates Factory LLC; Rapunzel Naturkost; Sun Seas Business Group; AL FOAH; Lion Dates; RatinKhosh; Bateel; and Just Date. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain more share of the global market.
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Date Syrup Market Report
Date Syrup Market Report Highlights
- Based on type, the organic segment is expected to grow at the fastest CAGR of 13.6% from 2024 to 2030. The rising inclination towards natural and organic products is driving the demand for organic date syrup
- Based on application, the nutraceutical segment is expected to grow at the fastest CAGR of 6.2% from 2024 to 2030. Date syrup has antioxidant properties and consist of rich nutrition profile owing to which its use is increasing in dietary supplements thus driving the segment growth
- Asia Pacific is expected to grow at the fastest CAGR of 8.4% from 2024 to 2030. Demand for natural sweeteners and better substitutes for refined sugar is rising in the Asia Pacific region due to the growing trend of health and wellness resulting in increased demand for date syrup
Date Syrup Market Segmentation
Grand View Research has segmented the global date syrup market report based on type, application, and region.
Date Syrup Type Outlook (Revenue, USD Million, 2018–2030)
- Conventional
- Organic
Date Syrup Application Outlook (Revenue, USD Million, 2018–2030)
- Food & Beverage
- Nutraceuticals
- Cosmetics
- Others
Date Syrup Regional Outlook (Revenue, USD Million, 2018–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Spain
- Italy
- Netherlands
- Asia Pacific
- China
- Japan
- India
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
List of Key Players in the Date Syrup Market
- Parsunday Symbol Co.
- Ario Co
- Al Barakah Dates Factory LLC
- Rapunzel Naturkost
- Sun Seas Business Group
- AL FOAH
- Lion Dates
- RatinKhosh
- Bateel
- Just Date
