The raisin market will obtain USD 2,315.30 million in income from

New York, USA, July 4, 2022 (GLOBE NEWSWIRE) — Raisins Market Overview:

The Market Research Future (MRFR) report highlights: “raisin market Information by category, type of packaging, distribution channel and region – Forecast until 2030″, the market will touch USD 2,315.30 Million by 2030, a 5.5% CAGR.

Market Overview

Raisins are made commercially by drying grapes collected from various locations and can be eaten raw, roasted, baked, or fermented. Raisin variants are also determined by the variety of grape used to make them. Raisins come in various sizes and shades, including black, green, yellow, blue, brown, and others. Seedless raisins, such as gooseberries, sultana, and flambéed grapes, are also available. While sun-dried raisins are the conventional way of production, artificially dehydrating them is a faster method of preparation. On the other hand, raisins dipped in water are accessible in the consumer market.

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As raisins have become a more common component of people’s daily diets, production has moved away from the labor-intensive procedures that begin with the hand picking of grapes. The introduction of new types of raisins and drying technologies has also resulted in the industry expanding beyond California, producing nearly half of the world’s raisin crop. The raisin business has been transformed by changing economic conditions and a decrease in the availability of farm labor. Although both grapes and raisins are beneficial to human health, raisins have higher antioxidant levels than grapes due to the drying process, which preserves antioxidants. Consumers are now aware of the health benefits that raisins provide. Consumers are forced to include nutrient-rich raisins in their regular diets due to the higher incidence of chronic diseases.

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Scope of the report:

report attribute Details
Market size 2030 USD 2,315.30 Million
CAGR 5.5% (2022-2030)
base year 2021
forecast period 2022-2030
Historic information 2020
Forecast Units Value (millions of USD)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors and Trends
Covered segments By category, type of packaging, distribution channel and region
Covered Geographies North America, Europe, Asia-Pacific and Rest of the World (RoW)
Key Market Drivers The growing use of raisins for culinary purposes

Competitive landscape of the market:

The main competitors in the raisins market are:

  • Del Monte Foods, Inc. (USA)
  • Murray River Organics Ltd. (Australia)
  • Dole Packaged Foods LLC (USA)
  • Newman’s Own (USA)
  • Bob’s Red Mill Natural Foods Ltd. (USA)
  • Aramex (Europe),
  • California Sun-Maid Producers (USA)
  • Mariani Packing Company (USA)
  • National Raisin Company (USA)
  • HBS Foods Ltd. (UK)

Covered USP market:

Market indicators:

According to the analysis of the raisin market, culinary habits are constantly changing due to urbanization and the desire to search for new flavors. In addition, due to the hectic lifestyle of customers, the demand for ready-to-eat foods, dry and frozen food products and healthy snacks is increasing. In many cooking recipes, raisins are used as an alternative to sugar by most of the health-conscious population. Raisins’ market share as a viable market potential will certainly grow as a sweet option for culinary applications.

End users have been motivated to use raisins in panettone, candy, savory foods, and other applications due to the various health benefits associated with consuming raisins. In the following years, the use of raisins will increase even more. The key market players are concentrating on various growth methods such as introducing new products to further impact the trend of eating raisins and create more global market opportunities. Bakers use dried raisins as a garnish for their products, a tradition in the pastry industry. The bakery business has boomed dramatically in recent decades, resulting in an increased need for raisins. The market for raisins is now more competitive than before due to product innovation and regular product introductions in the bread business.

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Market restrictions:

Critical constraints on the market size for Raisins are government rules and criteria that manufacturers must follow to market the food product. Additionally, a host of business policies and regulations frustrate the production of raisins. Many parts of the world have climates that are not suitable for growing raisins. As a result, this production restriction can drastically decrease the size of the market. Currants, prunes, dried cranberries, dried apricots, dried pineapples, dried cherries and other alternatives to raisins are now available on the market thanks to technological advances in the agricultural sector.

COVID-19 Analysis

The global spread of the COVID-19 pandemic has affected virtually all areas of the market. For a time, the market for raisins had also been in decline. As a result of the COVID-19 pandemic, various governments have imposed lockdowns, including impounding transportation. In addition, the epidemic slowed down essential business activities in several countries. As a result, the onset of COVID-19 has had a significant impact on global supply networks. Preemptive industrial shutdowns were also imposed in the world’s major economies, resulting in a substantial gap between supply and demand. Because of this, manufacturers and distributors find it more difficult to control their supply chains. These factors have had a detrimental impact on the growth prospects of the market.

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Market segmentation

By category

With seedless cultivation becoming more widely available, more people are becoming health-conscious, and the market is likely to expand during the forecast period.

By type of packaging

The bags segment will take the lead in the forecast period. They are made from a variety of materials to preserve the raisins from the elements and extend their shelf life.

By Distribution Channel

During the forecast period, the store-based segment will gain the most traction.

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regional perspectives

Europe was estimated to have the largest market share during the investigation period. Due to the increasing number of health-conscious consumers who prefer organic and healthy foods, there is a significant demand for raisins in Europe. Based on industry trends, Germany is the top country with the largest market share for raisins. It is predicted that it will continue to dominate in the following years. In other developing countries, such as the Middle East and Africa, cooperatives such as The Kgodiso Development Fund, formed by PepsiCo, the makers of the Safari brand, have just given the Northern Cape raisin industry a R28 million boost intended to help to young farmers in the sector.

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