asia pacific date sugar Market

The Asia Pacific date sugar market is accounted to US$ 428.9 Mn in 2018 and is expected to grow at a CAGR of 4.5 % during the forecast period 2019 – 2027, to account to US$ 635.5 Mn by 2027.

Date sugar is a sort of sugar most commonly found in natural food stores since it is less processed than regular sugars. It is produced using dried dates and adds a rich sweetness to recipes. It is available in various forms such as granules and crystal, powdered, syrup or liquid. High demand for low glycemic index (GI) drives the growth of the date sugar market. Low glycemic food, also known as diabetic food, is the diet that is recommended for individuals with high blood glucose or diabetes mellitus. Growing demand from processed snacks and cereals manufacturers also drives the growth of the market. However, wide availability of cost effective yet potential alternative sweeteners restricts the growth of date sugar market. There are multiple alternatives available in the market for date sugar. For instance, coconut sugar can be used as a replacement for date sugar. Honey, fruit juices and nectars, molasses, and maple syrup are among the other natural sugar is expected to boost the growth of the date sugar market.  The nutritional bar includes protein bars, snack bars, meal replacement bars, and whole food bars. They are among the best substitute for a proper meal for individuals who need quick energy. The increasing number of the working population, followed by a hectic lifestyle, is driving the demand for these nutritional bars. Also, the shifting priorities of consumers on healthier diets have led the preference for ‘organic’ and ‘nutrition-rich’ food products. Nutrition bars are among the categories of food products that are fast permeating retail shelves in recent years. Nutrition bars are becoming a go-to solution for ‘desk fast’ eaters, and a boon for consumers who prefer convenient first, yet healthy snacks. Increasing health consciousness and a rise in disposable income has boosted consumer spending on spending on healthy food. All these factors have encouraged food and snack providers to spawn nutrition-rich foods by amalgamating flavor and nourishment packed in convenient formats to capitalize on growing demand.

The Asia Pacific date sugar market is segmented based on Form as granules and crystal, powdered, syrup/liquid) .The powdered segment holds the largest share in the Asia Pacific date sugar market. Granulated date sugar is a rich source of carbohydrates which soluble in nature. It is sometime referred as industrial sugar. Granulated date sugar is used in the food & beverage industry, bakery and confectionery, it is a primary ingredient in the food & beverage industry. Granulated date sugar is used widely in bakery products like cookies, biscuits, cakes, pastry, muffins, jams, marmalades, etc. Powdered date sugar is a fine powder of date sugar which is more soluble in nature as compared to granulated sugar. However, it is also used in bakery and confectionery but majorly they are used in dressings and condiments, sauces and spreads. Increasing consumption of confectionery and bakery food products is the key factor propelling the growth of powdered date sugar. Date sugar syrup is gaining popularity owing to its long shelf life. Moreover, it offers a better alternative to the conventional granular or powdered date sugar. Nontoxicity, anti-crystal, anti-freezing humectant, and preservative properties are driving the demand for date sugar syrup.

Asia Pacific date sugar market is segmented based on country as –Japan, Australia, India, China, Indonesia, South Korea, and Rest of Asia Pacific. The Australia holds the largest share in the Asia Pacific date sugar market, and the date sugar market in China is expected to grow at a faster pace over the forecast period. These countries are witnessing rising demand from the bakery and confectionery products. The growing consciousness among consumers for a healthy lifestyle, along with the increasing end-use application in multiple industries, is surging the growth of the market. Moreover, expanding disposable income and rising purchasing capabilities are predicted to impact market growth positively. Over the years, the manufacturing spending towards the developments of food and beverage has grown significantly and is further anticipated to grow at a high rate. Rising foreign direct investments also lead to economic growth in the region. Rising awareness about the health benefits and increasing date sugar usage in foodstuff is propelling the market growth in the region. Rising expenditure towards research and development activities, to diversify the application base of date sugar has also led to market growth.

Some of the players present in Asia Pacific date sugar market are Foods, Ario Co., Hain Daniels Group and MGT Dried Fruit.
    
The overall Asia Pacific date sugar market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific Date sugar market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders