Date Palm Market by Product, Distribution Channel, and Geographic Landscape — Forecast and Analysis 2020–2024
The date palm market size has the potential to grow by USD 6.98 billion during 2020–2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (Medjool date palm, Deglet Nour date palm, and others), distribution channel (offline distribution channel and online distribution channel), and geographic landscape (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Al Barakah Dates Factory LLC, Al Foah Co., Atul Rajasthan Date Palms Ltd., Barari Group, Bard Valley Natural Delights, Emirates Dates, Hadiklaim — Israel Date Growers Cooperative, HAIFA DATTE, Lion Dates Impex Pvt. Ltd., and Maghadi Dates.
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The growing awareness about date seeds as a source of valuable functional ingredients such as natural antioxidants and dietary fibers is resulting in an increased demand for these seeds. They are used in the treatment of neurodegenerative diseases and cancer. Manufacturers produce edible oil using date palms as they are rich in essential fatty acids such as linoleic acid, palmitic acid, and stearic acid. Date palm seeds are used to derive palm kernel oil. Technavio’s market research report identifies that the increasing demand for date palm kernel oil will be one of the primary growth drivers for the global date palm market. The demand for palm kernel oil is increasing among consumers because it is ideal for skin treatment and hair growth has zero trans-fat and long shelf life. This will drive the demand for date palm kernel oil. As a result of such factors, the date palm market will register a CAGR of over 7% during the forecast period.
