Raisins Market to Grow with a CAGR of 5.5% Globally through to 2028
Increasing demand for raisins in the food industry, as
well as their growing popularity as a healthy snack. are factors driving the
global raisins market in the forecast period 2024-2028.
According to TechSci Research report, “Global Raisins
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Raisins Market stood at USD 2.81 billion
in 2022 and is anticipated to grow with a CAGR of 5.5% in the forecast period,
2024-2028. Due to increased urbanization and the quest for new taste
preferences, dietary habits are always evolving. Due to customers’ hectic
lives, the need for ready-to-eat food items, dry and frozen food goods, and
nutritious snacks is expanding.
One of the main factors propelling the growth of the
raisins market is the rising usage of raisins in cooking, including sweet and
dessert meals, brewing, and a range of other uses. Raisins are also gaining
popularity as a result of their health benefits as a potent source of
antioxidants, potassium, and magnesium.
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One of the key factors propelling the global market
for raisins is the rapid expansion of the food industry. The use of
confectionery products has increased as well, which will eventually help the
sultana business. A rise in disposable income, modifications in consumer
preferences, lifestyles, and consumption patterns are secondary market drivers
for raisins globally. The rise of the raisins sector is a result of a shift in
consumer consumption habits towards a healthier and more nutritarian diet.
The harvested grape is dried in a variety of locations
to produce raisins for commercial use. You can eat raisins in their raw form,
cooked form, baked form, or brewed form. Raisins are a good source of protein,
dietary fiber, and carbohydrates, according to the USDA National Nutrient
Database. Both hypertension treatment and constipation relief are greatly aided
by them. The increasing use of raisins in cooking, particularly sweet and
dessert dishes, brewing, and a variety of other uses is one of the key drivers
of the raisins market's expansion. The health benefits of raisins, which
include their abundance in antioxidants, dietary fiber, linoleic and oleanolic
acids, potassium and magnesium riboflavin, are another factor contributing to
their rising popularity. Raisins are also employed in the cosmetic and
pharmaceutical industry owing to their malic acid content which exfoliates the
skin.
The demand for raisins in the international market of
European and American countries is very high owing to their health benefits and
content like riboflavin, dietary fiber, antioxidants, linoleic acid, oleanolic
acid and others. Raisins are also
becoming more and more popular due to their health advantages as a rich source
of antioxidants, dietary fiber, linoleic and oleanolic acids, potassium and
magnesium riboflavin, and other nutrients. Because raisins contain malic acid,
which exfoliates skin, they are also used in the cosmetic and pharmaceutical
industries. Numerous research institutions concentrate on creating new grape
types in order to meet the expanding demand for raisins and their numerous
uses. For instance, in March 2022, Cornell AgriTech and Sun World International
jointly produced Sugrafiftytwo, a green seedless grape variety that ripens
extremely early, and Sugrasixty, a red variety that ripens in the middle of the
season and has huge berries with a tropical aroma. Over the forecast period,
such advancements and rising market demand for raisins will fuel the expansion
of the raisins industry.
The Global Raisins Market is segmented into type, drying
method, end user, distribution channel, regional distribution, and company.
Based on type, the sultana segment accounted for the
largest share of the market in 2022.Sultana raisins are from the large,
yellow-green Sultana grapes and are particularly tart and soft. They can be
purchased in health-food stores and gourmet shops. Sultanas are more popular in
Europe and originated in Turkey.
Based on end user, the food industry segment accounted
for the largest share of the market in 2019. Raisins are rich in minerals such
as iron, calcium, potassium, manganese, and zinc. Owing to this factor, raisins
find its applications in a wide variety of food industry. Smoothies are made
using raisins along with banana flakes, oats or corn flakes.
Major companies operating in Global Raisins Market
are:
- Arimex
- Del Monte Foods, Inc.
- Dole Packaged Foods, LLC
- NationalRaisin Company
- Sun-Maid Growers of California
- Royal Nut Company
- Bergin.com
- Sun Valley Raisins
- River Ranch Raisins
- Varsha industries Pvt. Ltd.
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“The raisins market is a thriving and dynamic sector
driven by several key factors. Increasing consumer emphasis on health and
wellness, coupled with the versatility of raisins in various culinary
applications, has bolstered demand. The rise of on-the-go snacking culture and
the globalization of cuisine have further expanded raisins' market presence.
However, challenges such as climate change impacts, pest management, and market
competition pose ongoing obstacles. Nevertheless, the raisins market is adapting
to meet evolving consumer preferences, with trends like innovative product
varieties, sustainable sourcing, and a focus on functional nutrition shaping
its future growth and success.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Raisins
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Natural Seedless, Black Current, Golden Seedless, Muscat,
Sultana, Monukka, Others), By Drying Method (Sundried and Mechanically Dried),
By End User (Household/Retail, Food Processing Sector, Food Service Sector,
Nutraceuticals, and Others), By Distribution Channel (Supermarkets/
Hypermarkets, Convenience Stores, Online, Others), By Region, By Competition,
2018-2028”, has evaluated the future growth potential of Global Raisins
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Raisins Market.
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