Raisins Market Growth, Statistics, By Application, Production, Revenue and Forecast To 2029
Raisins Market Overview:
Raisins are dried grapes that are eaten as a snack or as a cooking ingredient all over the world. Sun-drying grapes or using a food dehydrator with a supplement profile similar to grapes are used to make raisins. The key industry players in the global raisins market are focusing on acquisitions, product launches, and expansions to strengthen their market position and secure a broad consumer base. Furthermore, the increased use of raisins for culinary Distribution Channels is due to global market expansion.
The Raisins market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Raisins Market, as well as the reasons for variations in the industry's growth across several sectors.
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Raisins Market Dynamics:
Changes in eating habits brought about by urbanisation, as well as a desire for new flavours, are expected to drive the global market forward. Hectic lifestyles and 24-hour workdays are gaining traction around the world, as is an increased demand and preference for ready-to-eat foods, dried and frozen items, and healthy snack options. It also has the benefit of a wide range of nutrients and flavours, as well as a long shelf life. These are critical factors driving the global raisins industry forward.
The availability of raisins alternatives such as dried currants, prunes, dried cranberries, dried cherries, dried apricot, dried pineapple, and so on is expected to limit revenue growth and demand for raisins in a variety of food processing industries. These items can be finely minced to raisin size to add a new twist to the traditional flavour. Furthermore, government import/export laws or requirements for food goods are likely to stymie revenue growth in this target market.
Raisins Market Segmentation:
End-user Segmentation: The raisins market is further subdivided into the Food Industry, Food Service Providers, and Households. The food industry segment had the largest market share in 2019. Raisins are high in minerals such as iron, calcium, potassium, manganese, and zinc. Because of this, raisins are used in a variety of food industries. Smoothies contain raisins, banana flakes, oats, or corn flakes. It's a fantastic flavour combination delivered in a single glass. Raisins are also used in the preparation of cake mixes. Raisins are found in many frozen treats, including frozen candies and ice cream. Raisins are used in the production of breakfast cereals and other fruit-based products.
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Raisins Market Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Raisins market are as follows:
- Sultana Raisins S.A.
- Bergin Fruit and Nut Company Inc.
- Sun-Maid Growers of California
- Kiantama Oy
- Sunsweet Growers Inc.
- Citadelle Maple Syrup Producers’ Cooperative
- Decas Cranberry Products, Inc.
- Traina Foods, Inc.
- Lion Raisins Inc.
- JAB Dried Fruit Products (Pty) Ltd.
- Murray River Organics Ltd
- Del Monte Foods, Inc.
- National Raisin Company
- Mariani Packing Company
- Arimex
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Raisins market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Raisins Market:
End-user industries where Raisins are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Raisins manufacturers, affecting the Raisins market's growth in 2020. End-user business demand for Raisins has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Raisins Market Report are:
- In 2021, which segment accounted for the most share of the Raisins market?
- What is the competitive landscape of the Raisins market?
- What are the key factors influencing Raisins market growth?
- In the Raisins market, which region has the most market share?
- What will be the CAGR of the Raisins market during the forecast period (2022-2027)?
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