Global Date Palm Market 2017-2021
About Date Palm
This is mainly cultivated and naturalized in many tropical and subtropical regions worldwide. After planting, a date palm plant can take 4-8 years to bear fruit, and it starts to produce yields for commercial harvest within 7-10 years. Date palm is a popular staple food and can also be used to make date wine. Date palm is a cash crop for farmers and provides a good source of nutrition to consumers. Date palm is a traditional crop in Iraq, Saudi Arabia, and North African countries. Premium qualities of dates such as Deglet Nour and Medjool are also cultivated in California, Arizona, and Southern Florida in the US. Date palm is a high revenue generating crop, and the consumption is no longer restricted to the Middle Eastern countries. Moreover, it plays a significant role in improving the living standard of workers and contributes to achieving a sustainable agricultural development.
Technavio’s analysts forecast the global date palm market to grow at a CAGR of 7.18% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global date palm market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Date Palm Market 2017-2021
Technavio recognizes the following companies as the key players in the global date palm market: Al Foah, Ario, Egyptian Export Center, GNS Pakistan, and Sahara Date
Other Prominent Vendors in the market are: Al Raiqa, ARAB DATES, Barari Group, BAYARA, D.P.D., Emirates Dates, GreenDiamond, Groundworks, Haifa dattes, Lion Dates, MAGHADI DATES, and Royal Dates.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing demand for organic dates. The organic food market is moving from a niche market to a mainstream market. Most of the demand for organic food is from Europe and North America. Organic dates are getting popular due to their health benefits. The market for organic dates is a niche segment.”
According to the report, one of the major drivers for this market is Health benefits associated with date palm. Good health is an important factor for economic and social prosperity. Urbanization and consumerism led to extensive changes in the ways of life as consumers are shifting toward healthy foods. Consumers are becoming more concerned about the food they consume. Date palm is one of the most popular superfoods. It is highly nutritious. Date palm contains calcium, iron, potassium, phosphorus, magnesium, zinc, vitamins, minerals, and fibers, which are beneficial for health. It can significantly boost the energy level in consumers. The American Cancer Society recommends a minimum of 20-36 grams of dietary fiber each day, which can easily be supplied through dates.
Further, the report states that one of the major factors hindering the growth of this market is Low yield due to fungal diseases and pest in date palm plantation. Date palm is one of the major fruit crops in many countries. However, its cultivation is facing serious problems such as low yields. The decline in yields is mainly because of lack of R&D, marketing constraints, and the spread of pests. Date palm faces many challenges such as low yield. Over the last few years, production of date palm tree has declined.
Al Foah, Ario, Egyptian Export Center, GNS Pakistan, and Sahara Date, Al Raiqa, ARAB DATES, Barari Group, BAYARA, D.P.D., Emirates Dates, GreenDiamond, Groundworks, Haifa dattes, Lion Dates, MAGHADI DATES, and Royal Dates.
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