Dallas, Texas, July 15, 2019 (GLOBE NEWSWIRE) -- The “Global Date Palm Market Trends 2018, by Type (Conventional, Organic), by Application (Whole date product, Date syrup, Date paste, Others), By Region (North America, Europe, APAC, Latin America, Middle East and Africa) and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Al Foah announced in April 2018 that it will begin implementing an updated marketing strategy to ensure the highest financial income for farmers, encouraging them to increase the quality of the manufactured date and focus on developing high commercial value varieties. This will therefore enhance the global competitiveness and quality of UAE products.
Global date palm consumption in 2018 reached 9,366.06 kilo tons and is expected to reach 13,482.48 kilo tons by 2025. Increasing per capita consumption of confectionery, bakery products, and ice cream has increased penetration of dates in this industry over the past few years and the trend is expected to continue over the forecasted period. Increasing disposable income in developing nations is further expected to propel the demand for dates. Factors such as changing lifestyle due to busy schedules, increasing demand for convenience, and rise in consumer spending have led to the increased consumption of bakery products, which in turn, is expected to fuel date palms market growth over the coming years.
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The global date palm market research study evaluates market demand and future scenario from 2014 to 2025. The study shows the historic trends from 2014 and 2018 and forecasts from 2019 and 2025. The date palm market is segmented on the basis of type, application, and region.
The study examines multiple elements of the date palm sector using market drivers, restraints, trends, technological effect, opportunities, and sales channel to assess the market. In addition, the study offers an in-depth competition study with market concentration ratio and company profiles of global as well as local producers.
The wealthy date palm structure makes it a precious nutritional product that can enhance the nutrition of many individuals around the globe. Date palm has a lot of other household, business and industrial uses besides the fruit. In remote regions, date palm by-products are widely used for both household and commercial reasons, providing significant yields to rural individuals. In addition, the tree is of excellent cultural and traditional significance in many producing nations, and with the population rise in these nations, the demand for dates is anticipated to boost in the future.
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According to the United Nation’s Food and Agriculture Organization (FAO), in 2018, Egypt was the leading producer of dates in the world. In 2018, dates production in Egypt was more than 1.5 million tons, which was more than 17% of overall date production. Adoption of new processing methods followed by government initiatives to increase date production is expected to strengthen the Egypt date palm industry over the coming years. For instance, in 2017, technical program initiated by Egyptian ministries of agriculture for the development of date palm value chain received good response. These programs and technological advancement will not only increase the date production but also create job opportunities in this sector.
The Middle East date palm consumption accounted for over two-third of the global market in 2018. Over the past few years, European dates import is continuously increasing and the trend is expected to rise during the foreseeable future. Dates are sold as a natural source of energy and rich in nutrients, driven by a consumer trend towards healthy foods. Food safety certification supported by laboratory tests and compliance with corporate social responsibility standards is expected to drive organic date market in European countries.
Harvesting is one of the major marketing features that directly affects the quality of the date and therefore the ultimate cost. Fruit harvesting occurs by hand or by a certain degree of mechanization, particularly for large farms. Harvesting requires to be defective and tidy as it impacts the remaining downstream procedures like processing, packaging and marketing considerably. As basic foods, they contain a large quantity of carbohydrates, minerals and vitamins, dates are of excellent significance. The fruit is usually linked to healthy foods. Date intake in the month of Ramadan is very high. Date manufacturers often depend upon comparatively cost-informal loan sources and advances from date contractors because the marketing of their products is difficult.
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Major points from Table of Contents:
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Global Date Palm Market by Players
Chapter 4 Date Palm Market by Region
Chapter 5 North America Date Palm Market
Chapter 6 Asia Pacific Date Palm Market
Chapter 7 Europe Date Palm Market
Chapter 8 Middle East Date Palm Market
Chapter 9 Africa Date Palm Market
Chapter 10 Latin America Date Palm Market
Chapter 11 Global Date Palm Import – Export and Product Pricing Statistics
Chapter 12 Market Outlook
Chapter 13 Marketing, Distributors, and Customer
Chapter 14 Global Date Palm Market Forecast
Chapter 15 Key Players Analysis
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