Date Market Size (2024 - 2029)

Date Market Analysis

The Date Market size is estimated at USD 15.47 billion in 2024, and is expected to reach USD 18.18 billion by 2029, growing at a CAGR of 3.27% during the forecast period (2024-2029).

• Dates are one of the oldest fruits cultured in the Arabian region, followed by the Middle East. The emerging trend of healthy snacking is increasing the consumption of dates in other parts of the world. They contain anti-inflammatory and vital nutrients and a large amount of crude fiber.
• The consumption of dates worldwide increased with the rising awareness about their health benefits and demand from the processing industries, which are expected to drive the market's 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 help prevent abdominal cancer. Hence, the increased awareness of the health benefits of date consumption boosted their imports worldwide.
• Moreover, government initiatives to meet the international demands for dates also increased. For instance, in 2022, Saudi Arabia launched a digital initiative to encourage dates globally. The National Center for Palms and Date officially launched the Saudi dates innovative platform, a convenient and efficient business-to-business electronic market buyers from anywhere in the world can buy dates in bulk from sellers in the Kingdom.
• However, factors such as stringent regulations, risk of pests and diseases, and political uncertainties in the Middle Eastern regionare expected to restrain the market's growth during the forecast period.

Date Industry Segmentation

Dates are fruits from the date palm tree, which grows in many tropical regions. Dates have a long shelf life and may be eaten fresh or dried. There are hundreds of date varieties in the market. The 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 (North America, Europe, Asia-Pacific, South America, Middle East and Africa. The report offers the market size and forecasts in terms of volume in metric ton and value in USD thousand for all the above segments.