As per the raisins market research report, it is estimated that the global market would witness a CAGR of 5.5%, and the market value would reach USD 2,315.30 Million by 2030. To make raising the grapes are dried immensely or used a food dehydrator with a nutrient profile. These dried grapes are consumed in various forms on a very large scale all across the globe.
Raisins are commercially produced by drying the harvested grape in various regions, which can be eaten in their raw form, cooked, baked, and brewed forms. The varieties in raisin also depend on which type of grape they are produced from. Additionally, the size and colors of raisins also vary, such as green, black, blue, yellow, brown, etc. There are also seedless varieties available for raisins, such as sultana, Greek Currants, and Flame Grapes. While sun-drying is the traditional method of manufacturing raisins, artificially dehydrating them is faster than preparing them. However, water-dipped raisins are also available in the consumption market.
The recent market studies suggest that the raisins market growth can enhance even more since various industry players in the market aim to make successful collaborations, joint ventures, and acquisitions to enhance their respective customer bases. Many other growth factors take part in developing the global raisin market that can influence market growth.
COVID-19 Impact Analysis
The breakout of the COVID-19 pandemic has impacted almost all market sectors across the globe. The Raisins Market size also faced the shrinking for a while. Various governments have issued lockdown due to the COVID-19 pandemic including seizing transportation also. Moreover, the pandemic resulted in the slowdown of critical trade activities in various countries. Thus, the onset of COVID-19 has severely affected the supply chains across the globe. The world's major economies also experienced precautionary manufacturing lockdowns that created a significant gap in the market supply and demand. This has risen difficulties for manufacturers and distributors to manage their supply operations. All these aspects have negatively influenced the growth prospects of the market size.
As per the raisins market analysis report, the food habits are frequently changing due to increasing urbanization and the desire to have new taste preferences. Since consumers are following hectic lifestyles, the demand for ready-to-eat food items, dried and frozen food products, and snacks on healthy foods is increasing. As per FDA recommendation, golden raisins are allowed to contain 35 fruit fly eggs for every 8 ounces. Dry fruits are increasing in cooking, especially raisins, due to various nutrients and different flavors. Their extended shelf life properties are also another advantage to drive the raisin market growth.
A majority of the health-conscious population is choosing raisins as their sugar substitute in many cooking recipes. Being a sugary option for culinary purposes can surely expand the Raisins Market share as a suitable market opportunity. Various health benefits associated with raisin consumption have influenced end users to use it in sweet bread, desserts, savory dishes, etc. It would boost the application of raisins even more in the upcoming years. The major market players are focusing on various growth strategies like launching new products, participating in various mergers & acquisitions, partnerships, etc. that can influence the Raisins Market trend even more and bring more opportunities in the global raisin market.
The major restraints for Raisins Market size would be various government regulations, and standards manufacturers have to follow for trading the food product. Additionally, numerous trade policies and requirements hamper the production of raisins. There are many global regions whose atmospheres are not suitable for growing raisins. Thus, this production restriction can significantly reduce the Market size.
Due to the technological advancement in the agricultural sector, there are many alternatives to raisins that are now available in the market, such as currants, prunes, dried cranberries, dried apricot, dried pineapples, dried cherries, etc.
This can surely hamper the revenue growth of the Raisins Market
and the demand for raising in various food processing industries. Due to the increasing demand for dried fruit in the food processing industry, manufacturers and distributes, suppliers have to make their products faster and in a large quantity. This requires a lot of processing to preserve the raisins' self-life, thereby increasing its pricing, a big challenge for the Raisins Market trend.
Cumulative Growth Analysis
The Asia-pacific region has organized retail sectors for raisins, an important key factor for global market growth. Many Asia-Pacific regions such as China, India, Taiwan, Indonesia, etc., have promising industrialization prospects. So it can be expected that it would create massive business opportunities for the key players in the forecast period. Additionally, it is also expected that there will be increasing new product innovations in the bakery industry, which can amplify the prospects of the target market in the forecast period.
Market Segment Overview
The raisins market has more scope for development due to various market segmentation. The market is classified by below segments:
As per the Raisins Market analysis, the raisins are categorized as conventional and organic. The needless natural raisins mostly contain phytochemicals. They can improve oral health, and the presence of boron can be beneficial for strengthening bone. Since these seedless raising can be available easily, more and more consumers are purchasing health-conscious, so the Market is expected to project more growth in the forecast period.
According to packaging type segmentation, the market is classified into various categories such as Pouches, jars & bottles, others. Pouches also involve various materials to protect them from the outer environment to not influence raisins' self-life. They also go for retailing seals in jars & bottles for safe transportation.
Distribution channels such as Store-based and non-store-based again segment the raisins market. The store-based segment is further sub-segmented into supermarkets & hypermarkets, convenience stores, and others.
According to the regional analysis of raisins market share, Europe is accounted to have the largest share in the market in the review period, about 31.75%. The demand for raisins in Europe is very high due to the increasingly health-conscious consumers who prefer organic and healthy foods. As per the Market trends analysis, Germany is registered as the largest country with the most raisin market share. It is also expected to dominate even in the upcoming years.
Competitive Landscape Analysis
According to the global market analysis report of the raisin market, the competition in the global market can be seen due to various resin market trends. Here are some of the major key players of the global raisin market:
According to the raisins market report analysis, it is expected to register a substantial growth rate in the forecast period. Due to the many health benefits of resins consumption, its application is growing in various cooking recipes and baking items. As the global adoption of cross-cultural cuisines increases, it plays a critical role in driving the demand for raisings among consumers. Since Asia-pacific has plenty of growth prospects due to the presence of major raisin manufacturers, this region is considered the key market globally. The growth of the Asia-Pacific market is very prominent due to the organized retail sector, which serves as another growth factor of the global raisin market. Increasing health awareness associated with organic products influences consumers' preferences, presenting many beneficial growth opportunities for the market players in the forecast period. Especially in various developed countries, the demand for organic products is rising, and the demand will grow even more in the upcoming years. Moreover, eating raisins can also have side effects, such as allergy, which can be a major restraining factor in raisins market growth.
By Packaging Type
By Distribution Channel
Rest of the World
|Market Size||USD 2,315.30 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Category, Packaging Type, Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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).|
|Key Market Opportunities||Rising consumer preference for organic products|
|Key Market Drivers||The Increasing Use of Raisins for Culinary Purposes|