Date Syrup Market
Date Syrup Market Study by Organic and Conventional for Food & Beverages, Cosmetics & Personal Care, Foodservice, and Retail/Household from 2024 to 2034
Analysis of Date Syrup Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Date Syrup Market Outlook (2024 to 2034)
A newly published study by Fact.MR reveals that the global date syrup market is projected to reach a value of US$ 410.7 million in 2024. Worldwide revenue from the sales of date syrup is forecasted to increase at a CAGR of 6.2% and reach US$ 749.5 million by the end of 2034.
The increasing demand for date syrup is attributed to its growing use in the food service and nutraceutical industries as a natural sweetener. It offers a tough competition to traditional sugarcane-derived sugar. The growing interest of more consumers in the consumption of natural sweeteners is attributed to the dismissal of conventional artificial food additives along with taking precautionary actions against the health issues caused by high intake of sugar.
Date syrup is consumed as one of the most popular and qualified sweeteners with the presence of minerals, vitamins, and antioxidants. In addition, the glycemic index of this sweetener is comparatively less than honey, maple syrup, sugar, and agave. The properties of date syrup make it an effective and worthy natural substitute for traditional sugar.
One of the key health benefits of date syrup includes its assistance in controlling heart diseases, fatty liver, body hydration, and diabetes.
- As per a recently published report by WHO (World Health Organization), around 422 million people have diabetes, which is responsible for increasing fatalities around the world.
Dates along with their extracted items are becoming more popular with a potential for revenue generation. Government programs and awareness campaigns are helping in profit generation for producers, processors, exporters, the country, and other stakeholders in the date syrup market.
- Sales of date syrup in Canada are analyzed to rise at a CAGR of 6.7% through 2034.
- Worldwide demand for date syrup for use in food & beverages is forecasted to increase at a CAGR of 5.9% and reach a market valuation of US$ 246.6 million by 2034.
- Sales of date syrup in Japan are projected to rise at a CAGR of 6.7% from 2024 to 2034.
- East Asia is projected to hold a 23.1% share of the global market by the end of 2034.
| Report Attribute | Detail |
|---|---|
| Date Syrup Market Size (2024E) | US$ 410.7 Million |
| Forecasted Market Value (2034F) | US$ 749.5 Million |
| Global Market Growth Rate (2024 to 2034) | 6.2% CAGR |
| Market Share of Conventional Date Syrup (2034F) | 52.1% |
| North America Market Share (2034F) | 24.3% |
| South Korea Market Growth Rate (2024 to 2034) | 7% CAGR |
| Key Companies Profiled | AI Foah; Just Dates Syrup; Malabar Food Products; Ario Co.; BIONA; Sun Seas Business Group; Parsunday Symbol Co.; Rapunzel Naturkost; Ratinkhosh Co.; D’VASH Organics; Ezeebee Overseas Pvt. Ltd.; Ambrosia Delicatessen; Lion Dates Impex Pvt. Ltd.; Emirates Dates; Minoo Industrial Group; Date Lady; AI Barakah Dates Factory LLC. |
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Why is Worldwide Demand for Date Syrup Gaining Traction?
“Rich Nutritional Profile of Date Syrup Makes it Attractive Sweetener”
Date syrup is extracted from hydrated deseeded date’s form. It contains the required nutritional components of the fruit. Further, carbohydrates (sucrose, fructose, and glucose) are key chemical constituents of date syrup containing a modest amount of starch and cellulose. In addition, it is also rich in protein, and low in fat content, which is why becoming a popular choice among more consumers. The growing popularity of date syrup among more fitness professionals and athletes is due to its rich nutritional profile. More athletes prefer dates and their derivatives in the form of milk sweeteners, nutritional drinks, protein bars, and other eatables.
“Extensive Application of Date Syrup in Different End-use Industries”
Date syrup is used in several industries, such as nutraceuticals, food & beverages, food service, skincare & cosmetics, and others. In the food & beverages industry, it is used extensively as a flavor additive and natural sweetener. Furthermore, the health benefits of date syrup make it a preferred choice as a tablet binder in the nutraceutical industry.
In the skincare and cosmetics industry, date syrup is used as a popular alternative to honey for skin lightening because of its appealing constancy. Natural occurrence and health benefits of date syrup are contributing to its increased popularity. Further, it is also used in several bakery and confectionary applications, such as chocolates, cakes, cookies, and others. In dairy & desserts, it finds applications for producing ice creams, flavored milk, and sweets & desserts.
Why Has the Market for Date Syrup a Long Way to Go?
“High Cost of Date Syrup and Preference for Conventional Sugar Substitutes”
Preference for conventional sugar substitutes is rising. The cost of date syrup is comparatively high and not all customers are willing to pay extra for products’ health benefits. In addition, the availability of alternatives, such as molasses, honey, agave, and maple syrup is restricting date syrup market growth.
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How are New Companies Strengthening Their Position in This Business Space?
“Start-ups Capitalizing on Rising Popularity of Plant-based Diets”
New market players are expected to leverage opportunities created by increased demand for plant-based diets with a growing preference for veganism and vegetarianism. In addition, they need to invest in R&D activities to bring innovations in date syrup products.
Country-wise Insights
North America is projected to occupy 24.3% of the global date syrup market share by the end of 2034, as mentioned in a newly drafted report by Fact.MR, a market research and competitive intelligence provider. Increased preference for non-GMO and nutritional sweeteners is driving demand for date syrup in the region.
Why is the United States Attractive for Date Syrup Manufacturers?
“Surging Demand for Non-GMO Products Benefitting Date Syrup Producers”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 43.7 Million |
| Growth Rate (2024 to 2034) | 6.6% CAGR |
| Projected Value (2034F) | US$ 83 Million |
The United States is evaluated to hold 45.6% share of the market in North America by 2034. More people are choosing nutrient-rich foods due to busy work lives. With the growing promotion of non-GMO products by authorities, such as FAO (Food and Agriculture Organization) and WHO (World Health Organization), sales of non-GMO products are on the rise. Consequently, more manufacturers are using non-GMO dates to make syrup to attract more customers.
Why is Consumption of Date Syrup Rising Steadily in China?
“Increasing Consumption of Date Syrup as Healthier Alternative to Sugar”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 45 Million |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 82.2 Million |
China is analyzed to hold a share of 47.5% of the market in East Asia by the end of 2034. A tablespoon of date syrup contains over twice the calcium, potassium, and magnesium found in honey or maple syrup and is also rich in antioxidants. However, refined sugar does not contain any of these contents, which is further contributing to the increased preference for date syrup in China as a popular and healthier alternative.
Why are Date Syrup Producers Lining Up in Japan?
“Rising Use of Date Syrup in Desserts, Fruit Bars, and Muffins”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 26.6 Million |
| Growth Rate (2024 to 2034) | 6.7% CAGR |
| Projected Value (2034F) | US$ 50.9 Million |
Japan is forecasted to account for a 29.4% share of East Asian market revenue by 2034. Date syrup is used as a natural sweetener for replacing sugar, syrup, and molasses in Japan. The rising popularity of desserts, fruit bars, biscuits, muffins, cakes, and bread is boosting use of date syrup for its natural taste and high fiber, potassium, and vitamin content.
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Category-wise Insights
According to the latest report by Fact.MR, online retail channels are increasingly favored by consumers for their convenience. More individuals are avoiding visiting public places. In addition, there is an increased need for online delivery services for basic commodities and groceries to ensure easy access to date syrup.
Why is Conventional Date Syrup Still Preferred over Organic Variants?
“Increased Production and Easy Availability of Conventional Date Syrup”
| Attribute | Conventional Date Syrup |
|---|---|
| Segment Value (2024E) | US$ 208.6 Million |
| Growth Rate (2024 to 2034) | 6.5% CAGR |
| Projected Value (2034F) | US$ 390.5 Million |
Conventional date syrup is projected to capture a 52.1% share of global market revenue by 2034. The prominence of conventional date syrup is attributed to its increased production and easy availability compared to its counterpart, which is organically prepared and a bit costly.
Which End Use of Date Syrup Accounts for Substantial Revenue Streams?
“Increasing Demand for Innovative Beverages Positively Impacting Demand for Date Syrup”
| Attribute | Food & Beverages |
|---|---|
| Market Value (2024E) | US$ 138.8 Million |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 246.6 Million |
The food & beverages industry is evaluated to hold 32.9% of the global market share by 2034. Surging consumer demand for varied and new beverages, such as non-alcoholic as well as alcoholic beverages is driving the expansion of the date syrup market size. Several beverage manufacturers are experimenting with date syrup in alcoholic beverages and milk to create novel drinks. New beverages are introduced based on the results.
Competitive Landscape
Key players in the date syrup industry are investing significantly in their capacity expansion to strengthen their presence across more regions.
For instance :
- AI Barakah Dates Factor LLC, in April 2021, became the leading privately owned facility in date processing with the building of a solar-powered factory covering around 600,000 sq. feet area. It is based in Dubai and is one of the prominent date processing and manufacturing hubs.
Fact.MR provides detailed information about the price points of leading manufacturers of date syrup positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.
Segmentation of Date Syrup Market Research
-
By Nature :
- Organic
- Conventional
-
By End Use :
- Food & Beverages
- Cosmetics & Personal Care
- Foodservice
- Retail/Household
-
By Distribution Channel :
- Business to Business
- Business to Consumer
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
- FAQs -
How big is the date syrup market in 2024?
The global date syrup market is valued at US$ 410.7 million in 2024.
What are the sales projections for date syrup by 2034?
Worldwide sales of date syrup are forecasted to reach US$ 749.5 million by 2034.
At what CAGR is the demand for date syrup projected to increase?
The global market is approximated to expand at 6.2% CAGR from 2024 to 2034.
What is the contribution of North America to global market revenue?
North America is analyzed to account for 24.3% share of the global market by 2034.
At what rate are the sales of date syrup evaluated to rise in South Korea?
Demand for date syrup in the market in South Korea is evaluated to increase at a 7% CAGR through 2034.
What is the market scenario for the food & beverage segment?
Sales of date syrup for use in food & beverages are projected to rise at 5.9% CAGR and reach US$ 246.6 million by 2034.
Who are the leading manufacturers of date syrup?
Key market players are Just Dates Syrup, Malabar Food Products, Ario Co, BIONA, and Emirates Dates.
What is date syrup used for?
Date syrup is used instead of or in addition to honey maple syrup and is one of the popular substitutes for refined sugar in several baked goods.
Date Syrup Market