About Date Palm
Phoenix dactylifera, which is commonly known as date or date palm is a flowering plant species in the palm family, Arecaceae. It is cultivated for its edible sweet fruit and originated from the Fertile Crescent region straddling between Egypt and Mesopotamia. Date palm is widely cultivated across Northern Africa, the Middle East, Africa and South Asia, and it is naturalized in many tropical and subtropical regions worldwide. Moreover, its height reaches about 21–23 meters (69–75ft) growing singly or forming a clump with several stems from a single root system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.7% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Date Palm market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Natural Delights (United States), Best Food Company LLC (Oman), Groundwork of Palm Beach County Inc. (United States), Bayara Saudi Arabia Ltd. (Saudi Arabia), Al Barakah Dates Factory LLC (United Arab Emirates), Hadiklaim Date Growers Cooperative (Israel), Maghadi Dates (Saudi Arabia), Haifa Dattes (Tunisia) and Atul Rajasthan Date Palm Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Date Palm market by Type (Organic and Conventional) and Region.
On the basis of geography, the market of Date Palm has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Raw will boost the Date Palm market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End use, the sub-segment i.e. Household will boost the Date Palm market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Variety, the sub-segment i.e. Deglet Noor will boost the Date Palm market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of Consumers towards Healthy Food Options
Market Growth Drivers:
Increasing Demand of Date Based Purees and Syrup and Growing Food and Beverage Sector
Challenges:
Limited Number of Companies Is Available which Increases the Supply Demand Gap
Opportunities:
Expansion of Conventional Bakery Goods and Rising Demand for Organics
Market Leaders and their expansionary development strategies
In March 2022, RAK Properties, a UAE-based developer, announced a partnership with Al Foah, a leading date palm producer, to establish a date palm plantation and processing facility in Ras Al Khaimah. This project aims to increase date production and create new job opportunities in the region.
In August 2020, Emirates Dates, a major date producer in the United Arab Emirates, announced the launch of a new line of date-based snacks and confectionery products, aiming to diversify their offerings and target new markets.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.