Raisins Market Revenue, Growth Opportunities and New Demand Analysis Research Report by 2027

Market Overview

Global Raisins Market Revenue is slated to register a CAGR of 4.77% to reach USD 2.78 billion by 2026. 

Market Dynamics

The growing use of raisins in culinary applications is a major factor leading the global Raisins Market forward. A health-conscious public is favouring sugar alternatives in recipes, which is boosting sales of raisins for culinary use. Raisins' use in cooking and baking is being motivated by the nutritional benefits associated with their consumption. Raisins can be used in a wide range of recipes, from sweet breads and cakes to savoury dishes in cuisines all over the world. Another main factor driving the global Raisins Market Revenue during the forecast period is the growth of organised retail industries in Asia-Pacific, which makes the commodity easily accessible to a broad population from both online and offline platforms. Rising customer appetite for organic goods is projected to provide industry participants with several sustainable growth opportunities in the coming years. In the last few years, it has been noted that demand for organic goods has increased dramatically in most developing countries. Furthermore, the negative effects of raisins consumption may limit the global Raisins Market's growth.

The COVID-19 pandemic has had an effect on people all over the world, with the number of cases increasing every day. The effect of a pandemic varies by industry. In this pandemic situation, the raisins industry is suffering a demand and supply gap. Due to transportation restrictions and lockdown in some areas, farmers started drying grapes at the vineyard to raise revenue from raisins. The supply of raisins has risen as a result, but the demand side of the industry is not keeping up. Because of trade demand obstacles, the supply chain for raisins has come to a halt in the pandemic scenario, hurting the overall Raisins Market Revenue.

Market Segmentation

Global Raisins Market Revenue has been segmented based on Category, Packaging Type, Distribution Channel, and Region.

By category, the market has been divided into conventional and organic. In 2019, the traditional division had a bigger market share. Because of the changing market demand for organic food and ingredients, the segment is projected to rise at a slower pace during the forecast period. During the prognosis period, however, the organic segment is expected to rise at a faster pace.

Based on packaging type, the market has been segmented into pouches, jars & bottles, and others. In 2019, the pouches segment had the largest market share, and it is projected to grow at the fastest rate throughout the forecast period.

Based on distribution channel, the market has been segmented into store-based and non-store based. During the study period, the fastest-growing sub-segment is predicted to be supermarkets and hypermarkets. The distribution of raisins is also heavily influenced by convenience stores. During the review period, however, the non-store-based segment is expected to expand at a faster pace.

Regional Overview

In 2019, Europe was the world's largest market for raisins, and this trend is projected to continue through the study period. With a share of 22.14 percent in 2019, Germany was the largest country-level market. Italy, on the other hand, is expected to develop at a rapid pace during the study period. The demand for raisins in Europe is expected to increase as consumer tastes for organic and healthier foods rise.

Another important factor driving the global raisins demand is the expansion of the integrated retail sector in Asia-Pacific. Asia-Pacific is recognised as the world's most important market for raisins, with outstanding growth potential. Increasing customer demand for organic goods is projected to provide market players in the area with multiple growth opportunities in the coming years. In recent years, it has been observed that demand for organic products has increased dramatically in most developing countries, such as India and China.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/raisins-market-6793

Competitive Landscape

The Prominent Players operating in the Global Raisins Market Revenue include Murray River Organics Ltd (Australia), Sun-Maid Growers of California (US), Del Monte Foods, Inc. (US), Dole Packaged Foods LLC (US), National Raisin Company (US), Mariani Packing Company (US), Arimex (Europe), HBS Foods Ltd (UK), Bob’s Red Mill Natural Foods (US), and Newman's Own (US). To boost their market share and capture a broad customer base, players in the global Raisins Market are focused on acquisitions, product releases, and expansions.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America


Comments

Post a Comment

Popular posts from this blog

Key Space Battery Market Players, Strategies and Resources to Grow Your Company, 2030

Market overview    Space batteries are used for space applications such as the launching of vehicles, crew return vehicles, equipment, landers, rovers, and on the International Space Station. The space batteries are used as the energy storage devices or as a secondary source of power. There are a number of space missions that demand the use of space batteries. The companies are working towards the growth of high-speed Internet across the world by deploying satellites.   The lithium-ion batteries that are present in the space batteries that are durable and reliable. There has been a rise in the number of space missions around the world with companies that are planning to launch thousands of satellites by the year 2030, that have been deployed in the end of 2021. The designing of small batteries and the various space applications are some of the challenges that are faced by the market players in the global space battery market .   The global space batte...
Read more

Key Propionic Acid Market Players, Dynamics, Driving Factors, and Applications by 2030

Market Overview: In addition, the global propionic acid market is expected to rise at a CAGR of 3.78%, with a value of USD 1.42 billion during the estimated the forecasting year of 2023-2030. The fermentation method creates the colorless, smelly liquid organic acid known as propionic acid. It hinders the development of different moulds. Additionally, it has antimicrobial qualities. Additionally, it is a natural preservative added to cheese and baked items like bread and tortillas to prolong their shelf life. With the intention of preservation, they are also utilized in packaging various ready-to-eat foods. As mentioned earlier, propionic acid applications fuel market expansion in the food and beverage sector. Propionic acid is a safe intermediate that may be employed in various manufacturing processes since it is a natural preservative. However, if skin contact is not done so safely, it might result in painful and serious burns. It can cause acute irritability and blindness if i...
Read more

Coconut Sugar Market Size Report With Major Impacting Factors And Investment Study

The global Coconut Sugar Market Size is making rapid progress over the past few years. The market growth majorly attributes to the rising popularity of plant-based sugars. Besides, increasing awareness about the health benefits of coconut sugar and growing preferences for organic products drive the market growth. Moreover, growing advances in derivation technologies escalate the market growth to furthered height, refining the product quality without compromising on the mineral contents. Cumulatively driven by all these factors, the organic Coconut Sugar Market is observing substantial growth. According to Market Research Future (MRFR), the global organic Coconut Sugar Market is expected to reach USD 397.34 million by 2024, registering 5.86% CAGR over the forecast period (2019-2024).  Increasing sales of plant-based sugar alternatives drive the growth of the market.  Owing to its lower fructose levels compared to other sugars, coconut sugar is popular among health-conscious p...
Read more