Date Sugar Syrup Format will Continue to Generate the Highest Demand in the Date Sugar Market

Fact.MR predicts the sales of global Date Sugar Syrup to surpass US$ 2,960 Mn by registering a CAGR of 4% in the assessment period 2022-2032. Consumers are using Date Sugar Syrup in everyday food and drinks as it is a great substitute for cane sugar. In addition, antibacterial properties of Date Sugar Syrup are playing a key role in the increasing demand for the same.

Historically, over the last five years, from 2017 to 2021, the global sales of Date Sugar Syrup exceeded US$ 2,000 Mn by the end of the aforementioned period. The onset of COVID-19 pandemic affected various industries globally. But, on the other hand, the demand for Date Sugar Syrup increased as it is an immunity-booster ingredient. Thus, in the forthcoming forecast period, the sales of Date Sugar Syrup are expected to escalate.

Furthermore, the availability of dates in Middle East and Africa is increasing the demand for Date Sugar Syrup from other regions. Moreover, increasing usage of Date Sugar Syrup in desserts and sauces is positively influencing the sales of Date Sugar Syrup. Thus, due to the aforementioned reasons, demand for Date Sugar Syrup is expected to upsurge in the sales indicator period.

Key Takeaways from the Market Study

  • By form, date syrups expected to garner US$ 50 Mn market share for Date Sugar Syrup.
  • By sales channel, supermarkets/hypermarkets expected to hold more than 40% of market share for Date Sugar Syrup.
  • Date Sugar Syrup industry expected to possess nearly 45% market share throughout North America.
  • Date Sugar Syrup industry expected to register a CAGR of 5% throughout Middle East and Africa.
  • Egypt, Iran, Algeria, Syria, Saudi Arabia, U.S and Canada are the top seven countries driving demand for Date Sugar Syrup.

“Immunity boosting qualities of Date Sugar Syrup along with its usage in desserts and sauces is expected to upsurge the sales of Date Sugar Syrup globally.” opines a Fact.MR analyst

Is Demand for Date Sugar Syrup Intensifying Amidst Demand for Sugar Substitutes?

A considerable cross-section of the global population has been switching from cane sugar as a sweetener to substitutes such as stevia, coconut sugar, monk fruit sugar and Date Sugar Syrup.

Among them, Date Sugar Syrup has gained significant traction among consumers owing to its distinct taste, strong acceptance by Muslim population and easy availability. While Date Sugar Syrup market is still in the nascent phase, it continues to see dynamic trends that are majorly altering its business and market landscapes.

Innovative Strategies by Tier 1 Manufacturers Increasing Revenue for Date Sugar Syrup?

In 2018, Bob’s Red Mill Natural Foods, Date Lady, Now Foods and Glory Bee together accounted for over three-fourth of Tier 1 players’ revenue. While most of the Date Sugar Syrup producing companies are privately-held, some of the companies are also family-owned businesses.

Some of the key companies including Bob’s Red Mill Natural Foods and Barry Farms also offer Date Sugar Syrup through their proprietary online stores, which enables them to track consumer demand for particular Date Sugar Syrup categories more precisely.

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