Raisins Market: Emerging Opportunities, Trends and Forecast Analysis (2023-2029)

The Raisins market was valued at US$ 3673.3 Mn. in 2022, with a CAGR of 4.8% for the period 2023-2029.
Raisins Market Overview:
Global Raisins are dried grapes that are consumed all over the world as a snack or as a cooking component. Raisins are made by sun-drying grapes or using a food dehydrator with a supplement profile similar to grapes. To strengthen their market position and secure a broad consumer base, the key industry players in the global raisins market are focused on acquisitions, product launches, and expansions. Furthermore, the increased use of raisins for culinary Distribution Channels is attributable to global market growth.

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Raisins Market Dynamics:
Changes in eating habits caused by urbanization, as well as a desire for novel flavours, are expected to boost the global market's growth. Hectic lifestyles and 24-hour workdays, combined with increased demand and preference for ready-to-eat foods, dried and frozen items, and healthy snack options, are gaining traction around the world. It also has the advantage of containing a variety of nutrients and flavours, as well as having a long shelf life. These are critical factors propelling the worldwide raisins sector forward.

The availability of raisins substitutes such as dried currants, prunes, dried cranberries, dried cherries, dried apricot, dried pineapple, and so on is predicted to limit revenue growth and demand for raisins in numerous food processing industries. These items can be finely minced to reduce them to raisin size and provide a new touch on the traditional flavour. Furthermore, government laws or requirements for import/export food goods are likely to stymie revenue growth in this target market.
Raisins Market COVID-19 Impact:
The COVID-19 pandemic has caused a halt in key trade activity in a number of countries. The onset of this pandemic had a tremendous impact on the supply chains of enterprises all around the world. As major economies imposed precautionary industrial shutdowns, a significant imbalance between market supply and demand arose, making it difficult for manufacturers and distributors to manage their supply operations. This is a major element that is predicted to have a negative impact on the raisins market's future revenue growth prospects.

China is Afghanistan's second-largest supplier of goods, but a substantial number of shipments have been delayed, affecting the Afghan market. Prices in most markets have risen as a result of China's reduced supply. Sellers of Chinese apples and raisins in Bangladesh experienced a similar issue.
Raisins Market Segmentation:
Based on the Type Segment: The Raisins market is further sub-segmented into Natural Seedless, Golden Seedless, Black Currant, Sultana, Muscat, and Monukka. In 2021, the sultana segment held the highest proportion of the market. Sultana raisins are made from huge, yellow-green Sultana grapes and are especially acidic and soft. They are available in health food stores and gourmet shops. Sultanas, which originated in Turkey, are more popular in Europe.

Based on the End-user Segment: The raisins market is further sub-segmented into Food Industry, Food Service Providers, and Households. In 2021, the food industry segment held the largest market share. Raisins contain a variety of minerals, including iron, calcium, potassium, manganese, and zinc. Raisins are used in a wide range of food industries as a result of this aspect. Smoothies are created with raisins, banana flakes, oats, or corn flakes. It is a fantastic combination with superb flavor delivered in a single glass. Raisins are also used to make cake mixes. Many frozen treats, such as frozen candies and ice creams, contain raisins. Raisins play an important role in the manufacture of breakfast cereals and other fruit-based goods.
Raisins Market Regional Insights:
In 2021, Europe held the highest share of the worldwide raisins market, accounting for 31.77 percent of the total. The growing consumer desire for organic and healthy foods is expected to drive up demand for raisins in Europe. The rising consumption of fruits and dried fruits, especially raisins, is another element driving the regional market's growth. According to MMR analysis, Germany has the greatest country-level market share and is expected to maintain its position throughout the estimated period.

Due to the festival and gifting culture in emerging countries, revenue from the target market in Asia-Pacific is expected to grow significantly throughout the forecast period. Emerging markets such as China and India, on the other hand, are likely to see large growth in demand for sweet dried fruit during the forecast period. This is due to a significant increase in disposable income and an increased knowledge of health consciousness among customers in APAC.

The objective of the report is to present a comprehensive analysis of the global Raisins to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Raisins dynamics, structure by analyzing the market segments and projecting the Raisins size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Raisins make the report investor’s guide.
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Global Raisins Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3673.3 Mn.


Forecast Period 2023 to 2029 CAGR:
4.8%
Market Size in 2029:
US $ 5100.2 Mn.


 Segments Covered:
by Nature
• Organic
• Conventional


by End-user
Food Industry
Food Service Providers
Households


by Type
Natural Seedless
Golden Seedless
Black Currant
Sultana
Muscat
Monukka


by Distribution Channel
Hypermarket/Supermarket
Convenience Stores
Online Stores
Other Distribution Channels



Raisins Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Raisins Market Key Players are:
1. Sunbeam Foods Pty Ltd.
2. Dole Food Company, Inc.
3. Geobres Nemean Currants
4. Sultana Raisins S.A.
5. Bergin Fruit and Nut Company Inc.
6. Sun-Maid Growers of California
7. Kiantama Oy
8. Sunsweet Growers Inc.
9. Citadelle Maple Syrup Producers’ Cooperative
10. Decas Cranberry Products, Inc.
11. Traina Foods, Inc.
12. Lion Raisins Inc.
13. JAB Dried Fruit Products (Pty) Ltd.
14. Murray River Organics Ltd
15. Del Monte Foods, Inc.
16. National Raisin Company
17. Mariani Packing Company
18. Arimex
19. HBS Foods Ltd
20. Bob’s Red Mill Natural Foods
21. Newman's Own
22. Others

Frequently Asked Questions:

1. Which region has the largest share in Market?
Ans: Europe region holds the highest share in 2022.

2. What is the growth rate of Market?
Ans: The Raisins Market is growing at a CAGR of 4.8% during forecasting period 2023-2029.

3. What segments are covered in market?
Ans: Market is segmented into Nature, End-user, Type and Region.

4. Who are the key players in market?
Ans: The important key players in the Market are Sunbeam Foods Pty Ltd., Dole Food Company, Inc., Geobres Nemean Currants, Sultana Raisins S.A., Bergin Fruit and Nut Company Inc., Sun-Maid Growers of California, Kiantama Oy

5. What is the study period of this market?
Ans: The Market is studied from 2022 to 2029.