The date market is anticipated to witness a CAGR of 5.1% during the forecast period (2022-2027).
The broadening of trade sanctions and high tariff barriers in reaction to the COVID-19 pandemic had a drastic detrimental effect on global food security. The Middle East and North African (MENA) region is the largest dates producer and supplier worldwide.
Over the long term, the increased consumption of dates across the world, with the rising awareness about health benefits and rising demand for dates from the processing industries, is expected to drive the market growth over the study period. Fresh dates offer a variety of health benefits. They are a good source of vitamins and minerals such as calcium, iron, phosphorus, sodium, potassium, magnesium, and zinc. They also contribute fiber to the diet and have been shown to help prevent abdominal cancer. Hence, the increased awareness of the health benefits of date consumption has boosted their imports worldwide. However, some factors such as stringent regulations, risk of pests and diseases, and political uncertainties in the Middle Eastern region are expected to restrain the market growth during the forecast period.
Middle-East and Africa is observed as the largest market for dates globally. Tunisia, Iran, Israel, Saudi Arabia, the United Arab Emirates, Iraq, and Egypt dominate the MENA region based on the volume of dates consumption. Egypt ranked first, with the consumption of 1.68 million metric ton of dates in 2020. The highest per capita dates consumption was recorded in Saudi Arabia, Algeria, the United Arab Emirates, and Oman. Owing to the increasing demand for dates, their consumption is expected to grow significantly during the forecast period.
Dates are the fruit of the date palm tree, which is grown in many tropical regions of the world. Dates have a long shelf life and may be eaten fresh or dried. There are hundreds of date varieties in the market.
The date market analyzes the production (volume), consumption (value and volume), and trade in terms of import (value and volume), export (value and volume), and price trend analysis across the world. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.
Mordor Intelligence
