Global Date Palm Market Trends and Segment: Market Value Growing at a CAGR of 5.63% from 2024 to 2029

Global Date Palm Market Overview

According to Global Market Monitor, the global date palm market size will reach $13.52 billion in 2024 with a CAGR of 5.63% from 2024 to 2029.Date palm contains a lot of fiber, which slows the release of carbohydrates and provides continuous energy instead of driving blood sugar crazy. They are low in fat and are rich in nutrients such as potassium (50% more potassium than bananas), copper, magnesium, vitamin B6, niacin, calcium, iron, and vitamin K.

Market Trends

In June 2023, the Council of the Food and Agriculture Organization of the United Nations (FAO) approved Saudi Arabia's proposal to declare 2027 the International Year of the Date Palm. Therefore, due to these factors, the regional market is expected to grow significantly during the forecast period. Some government agencies, especially in jujube-producing regions such as the Middle East and Africa, have been providing financial and technical support to manufacturers to promote the growth of the jujube industry.

Limitations

Date Palm grows mainly in Southwest Asia, the Middle East, and North Africa. Jujube is an extremely important livelihood crop in most desert areas. For millions of people, jujube is an important nutrient that contributes to food security. They are also an important part of the region's cultural and agricultural biodiversity. With global warming, the number of pests and new diseases will increase, affecting agricultural products. The "bayou" disease caused by parasitic fungi is a common threat to date palms in North Africa. Pest impacts from climate change are one of the limiting factors for date palm production.

According to the National Institutes of Health (NH), a major U.S. government agency, pest infestations can result in a loss of about 30 percent of date palm yield. Outbreaks of transboundary pests such as red palm weevil are estimated to have widespread economic, social, and environmental impacts, thereby hindering market growth.

Market Segment

Segmented by type, the Medjool segment accounts for the largest date market share and is characterized by its large size, dark brown color, and elongated shape. They also have a moist, almost creamy texture that brings a natural sweetness and a subtle caramel-like taste. Demand is always high due to its superior quality, taste, and visual appearance.

Based on sales channels, the supermarket accounts for the largest share of the global market. With an extensive network of stores, the supermarket offers convenient one-stop shopping for a wide range of groceries, including dates. Supermarkets usually stock a wide range of date varieties, from popular products such as Deglet Noor and Medjool to niche products such as Ajwa and Halawy. In addition, some supermarkets also cooperate with well-known date brands to build trust and brand recognition among consumers. The specialty store segment offers a curated experience that caters to consumers' specific interests and preferences. Such gourmet shops offer a range of quality dates that appeal to a wide range of consumers.

By Type	Deglet Noor
	Medjool
	Barhi
	Zahidi
	Others
By Application	Fresh Dates
	Dried
	Purees & Syrups
	Others
By Sales Channel	Supermarket
	Online store
	Specialty Store