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Date Syrup Market

Market Study on Date Syrup: Use in Nutraceutical Sector to Rise Rapidly

Date Syrup Market Segmented by Organic Date Syrup, Conventional Date Syrup in Food and Beverages, Nutraceuticals, Cosmetics and Personal Care, Foodservice and Retail/Household

Date Syrup Market Outlook (2022-2032)

Over the next ten years, the global date syrup market is anticipated to expand at CAGR of 6.2% from its current valuation of US$ 362.7 Mn. As such, the market is expected to reach US$ 664.1 Mn by the year 2032.

Attribute Key Insights

Date Syrup Market Size (2022E)

US$ 362.7 Mn

Projected Sales of Date Syrup (2032F)

US$ 664.1 Mn

Value CAGR (2022-2032)

6.2%

Value Share of Top 5 Countries (2021A)

34.9%

Global date syrup sales account for around 0.5% to 1.0% value share of the global natural sweetener market.

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Date Syrup Consumption Analysis (2017-2021) Vs Market Projections (2022-2032)

Historically, from 2017-2021, the global market for date syrup registered a compounded annual growth rate (CAGR) of 5.3%. Demand for date syrup has increased as a necessary natural ingredient for naturally sourced healthy products to enhance the well-being and health of consumers.

Date syrup is highly demanded in the food & beverage sector due to its numerous applications, which also include usage as a natural liquid sweetener in various segments such as beverages, dairy & desserts, bakery & confectionery, and others.

Overall, global sales of date syrup are expected to show significant growth at a CAGR of 6.2% over the forecast period of 2032.

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Will Rising Inclination toward Natural Sweeteners Bolster Sales of Date Syrup?

Date nectar is a natural sweetener has the potential to compete with traditional sugarcane-derived sugar. Consumer interest in natural sweeteners has risen at an unprecedented rate recently as a result of the rejection of artificial food additives and increased knowledge of the health risks associated with excessive sugar consumption.

Date syrup benefits are many; date sugar is among the most preferable substitute sweeteners in place of conventional sugar, since date sweeteners contain a considerable amount of vitamins, antioxidants, and minerals. Furthermore, when compared to honey, maple syrup, sugar, agave, and date syrup have the second-lowest glycaemic index.

The remarkable nutritional content of dates is also attributable to the presence of various vitamins and minerals such as calcium, magnesium, potassium, niacin, and others. Therefore, dates have high natural sugar content, which makes them the preferable sweetener among food & beverage manufacturers and various households, which will help increase date syrup sales in parallel.

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How is Seasonal Demand for Date Products Benefiting Manufacturers of Date Syrup?

Every year, during the holy month of Ramadan, consumption of dates, date molasses, and date-based food and beverage products increases more than at any other period of the year. This is owing to the fact that the fruit and its derivatives, which are considered sacred in Islamic culture, are ingested first every day after fasting.

The natural sugar in date syrup and date molasses delivers quick energy while also ensuring a sensation of fullness in the stomach for a longer period of time. This has led to a major increase in demand for the fruit during this time of year, as highly processed date goods, as opposed to current syrups and jams, are becoming increasingly common on store shelves.

  • Even after the imposition of lockdowns with restrictions in the UAE, Al Barakah Dates Factory LLC, one of the largest date's processors in the UAE, stated in a report that it observed tremendous increase in demand for dates and their derived products during Ramadan.
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Will Demand for Stable Shelf-life Products Provide Growth Opportunities for Date Syrup Suppliers?

Rapid urbanisation and the dominant population's work-centric lifestyles have resulted in a significant shift in demand for the types and attributes of food products required. People today prefer food products with extended seasonality, ease of application, and multi-purpose capabilities for the convenience that these foods provide.

As a result, numerous key manufacturers have been continuously emphasizing on research & development in order to discover new and more natural ways to keep food & beverage shelf-life more stable for longer periods of time. Due to growing consumer demand as soon as the product is manufactured, it is guaranteed to be seasonal. Even syrup makers, with their innovative capabilities, have created syrups that do not require refrigeration to maintain gradual degradation.

Increasing Export of Dates to the European Market

Europe is among the fastest-growing markets in the world in terms of importing dates, date syrup ingredients, and date processed products. The region has seen an increase in its world import share from 10% in the year 2015 to more than 16% in 2019.

In the European Union, France, Germany, the U.K., Netherlands, Italy, and Spain are among the top importers and consumers of dates, date ingredients, date nectar, and dates syrup products.

For instance, France is the leading importer of dates, representing around 25% of the overall market in Europe, and has observed steady increase in its date imports reaching almost 43,000 tons. It also exported around 15,000 tons with domestic consumption of around 27,000 tons. Around 70% is sold via retail and the remaining 30% is sold to food & beverages and foodservice industries.

What’s Impeding Growth of the Date Sugar Industry?

People have been looking for alternatives to sugar due to the trend of a natural and healthy lifestyle, and sugar substitutes have been at the top of the consumer priority list. It all boils down to health concerns and a large number of calories that regular sugar provides to the body, due to which, consumers are willing to switch to natural and chemical-free sugar alternatives.

Although date syrup is the best substitution so far, it is not the most affordable option. The price of a product has a significant impact on its market growth, and not all consumers are willing to pay a premium for all of a product's health benefits. Other substitutes such as honey, molasses, maple syrup, and agave stifle the target market's expansion.

Another restrain to market expansion of date syrup is the usage of primitive farming techniques by farmers. Although demand for dates and date-based products is increasing at a considerable rate, the farming and cultivation practices being utilized today are too primitive. Thus, there is great need for innovation in the farming and cultivation of date palms to cope up with increasing market demand.

Country-wise Insights

What is the Leading Market for Date Syrup in the Middle East and Africa?

The market in GCC countries is expected to expand at a CAGR of 6.2% during the forecast period (2022-2032). These countries see high demand for natural sweeteners such as date syrup, which are used as a sugar substitute in numerous dishes.

Which Country is Showing Promising Growth in the South Asian Market?

In the South Asia date sugar market, India is showing promising growth for the forecast period, and is expected to register a significant CAGR of 8.6%. Market share of India in the South Asian market is around 34.8%, currently valued at US$ 11.54 Mn in 2022.

Category-wise Insights

Why Does Convention Date Syrup Still Rule the Landscape?

Based on nature, conventional date syrup has the largest market share; however, organic date syrup is anticipated to see increasing sales because of the ongoing trend of organic food ingredients.

Market value share of conventional date syrup is 93.4%, which is projected to increase to US$ 338.8 Mn by the end of the forecast period in the global market.

Which Distribution Channel of Date Syrup is Most Prominent?

Based on distribution channel, date syrup is segmented into business to business and business to consumer, in which, business to business sales of date syrup hold a major value share of more than 86%. Current market value of this segment is US$ 314.2 Mn.

COVID-19 Impact

Consumers are majorly focused on protecting their health in the wake of COVID-19, which is projected to drive the sales of nutritional and healthy products across the world. In addition, customer desire for plant-derived natural food ingredients is impacting the market growth of date syrup.

Due to the pandemic, production of dry fruits was hampered to some extent because of shortages of labour and other raw materials, and this impacted the market for date syrup and date syrup ingredients.

Numerous businesses, notably the food & beverage industry, faced a setback due to the shutdown of production lines. Supply chain disruptions also resulted in a scarcity of raw materials, resulting in a reduction in finished product output.

Demand declined as a result of changes in consumer behaviour and their restricted spending power during the pandemic. All of these issues stifled market expansion. However, due to its nutritional benefits, the global market for date syrup would see substantial growth in the few next years with the relaxation of limits on movement and the elimination of lockdowns.

Competitive Dashboard

Companies engaged in the production of date syrup are adopting product development and facility expansions as key strategies to create more space for themselves in the market. They offer products with various certifications for consumers to choose from according to their preferences.

  • In April 2021, Al Barakah Dates Factory LLC became the world’s largest privately owned date processing facility by building a solar powered factory that covered 600,000 sq. feet of area, based in Dubai’s largest manufacturing and processing hub.
  • In 2020, Ezeebee launched its Beez date syrup in the international market with a good response and growth covering the Middle Eastern market.
  • Ario Co is focusing on providing products with label claims, including 100% Natural of Date, 100% Pure, Vegan, Gluten-Free, Dairy-Free, Non-GMO, No Sugar Added, No Food Colors, No Preservatives, and No Additives.

Date Syrup Industry Report Scope

Attribute Details

Forecast period

2022-2032

Historical data available for

2017-2021

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key market segments covered

  • Nature
  • End Use
  • Distribution Channel
  • Region

Key companies profiled

  • Malabar Food Products
  • Just Dates Syrup
  • Ario Co
  • Sun Seas Business Group
  • BIONA
  • Al Barakah Dates Factory LLC
  • Parsunday Symbol Co.
  • BOMBUS
  • Rapunzel Naturkost
  • Date Lady
  • D'VASH Organics
  • Ratinkhosh Co
  • EZEEBEE OVERSEAS PVT LTD
  • Lion Dates Impex Pvt. Ltd.
  • Ambrosia Delicatessen
  • ARAT COMPANY PJS
  • Minoo Industrial Group

Report coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Date Syrup Industry Survey by Category

Date Syrup Market by Nature:

  • Organic Date Syrup
  • Conventional Date Syrup

Date Syrup Market by End Use:

  • Food & Beverage Industry
    • Bakery & Confectionery
    • Dairy & Desserts
    • Snacks & Cereals
    • Beverages
    • Others
  • Cosmetics & Personal Care Industry
  • Foodservice Industry
  • Retail/ Household
  • Others

Date Syrup Market by Distribution Channel:

  • Business to Business
  • Business to Consumer
    • Hypermarket/ Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retail

Date Syrup Market by Region:

  • North America Date Syrup Market
  • Latin America Date Syrup Market
  • Europe Date Syrup Market
  • South Asia Date Syrup Market
  • East Asia Date Syrup Market
  • Oceania Date Syrup Market
  • Middle East and Africa Date Syrup Market

- Companies Covered in This Report -

  • Malabar Food Products
  • Just Dates Syrup
  • Ario Co
  • Sun Seas Business Group
  • BIONA
  • Al Barakah Dates Factory LLC
  • Parsunday Symbol Co.
  • BOMBUS
  • Rapunzel Naturkost
  • Date Lady
  • D'VASH Organics
  • Ratinkhosh Co
  • EZEEBEE OVERSEAS PVT LTD
  • Lion Dates Impex Pvt. Ltd.
  • Ambrosia Delicatessen
  • ARAT COMPANY PJS
  • Minoo Industrial Group

- Frequently Asked Questions -

The global date syrup market is set to increase from US$ 362.7 Mn in 2022 to US$ 664.1 Mn by 2032.

Global sales of date syrup are predicted to increase at 6.2% CAGR through 2032.

The Middle East and Africa holds a major share of around 72.1% in the global date syrup market at present.

The nutraceuticals segment is anticipated to expand at a CAGR of 7.6% during the forecasted period.

Prominent suppliers of date syrup are Al Barakah Dates Factory LLC, Parsunday Symbol Co., Rapunzel Naturkost, Ario Co, and Sun Seas Business Group.

North America and Latin America markets are expected to expand at CAGRs of 6.7% and 7.5%, respectively, over the forecast period.

Leading market players hold an approximate share of 15% to 25% in the global market.

The South Africa date syrup market is valued at US$ 9.2 Mn.

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