Asia- Pacific Raisins Market Forecast to 2027 – COVID-19 Impact and Analysis- By Product Type (Natural Seedless, Golden Seedless, Black Currant, Sultana, Muscat, and Monukka), Nature (Organic and Conventional), End User (Food Industry, Food Service Provider, and Households), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, and Others)
Number of Pages: 79
Market Introduction
Raisins are small sized dry fruits that contain an abundance of nutrients. Raisins are actually grapes that have been dried under the sun or in a food dehydrator. The color of the raisins depends on the grapes used. According to the USDA National Nutrient Database, raisins are rich in protein, fiber, and carbohydrates. They are extremely effective in relieving constipation and curing hypertension. Furthermore, raisins can also treat anemia, enhance vision, reduce arthritis pain while promoting healthy hair and also provides a natural glow to the skin. Raisins are considered as healthier substitutes of sugared candies and it can also be added to regular yogurt, granola, cereal, or baked dishes to enhance their taste and its nutritional profile. Moreover, raisins are highly utilized by the food and beverage industry owing to the rising health conscious among the consumers. Raisins in their raw form are a healthy snack option for consumers of all ages. Chocolate-covered raisins and yogurt-covered raisins, are also popular snack among the populace. Awareness among the consumers regarding the health benefits of raisins is expected to create a significant demand for raisins in the coming years, which is further anticipated to drive the Raisins market.
Market Overview and Dynamics
The cut flower market in Asia- Pacific is expected to grow from US$ 472.81 million in 2019 to US$ 724.44 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027. Raisins are dried grapes, and their nutritional content will be similar to that of grapes. Both grapes and raisins are good sources of certain antioxidants; however, raisins contain higher levels than grapes due to the drying process, preserving the antioxidants. Nowadays, consumers are aware of the health benefits offered by raisins. The rising incidence of lifestyle and chronic diseases forces the consumers to include nutrient-rich raisins n their diet. According to the Journal of Nutritional Health, raisins have a significant amount of antioxidant levels and phenol content compared to other popular dried fruits. Raisins are rich in antioxidants such as flavonol glycosides and phenolic acids, and they have a high ORAC value. ORAC stands for oxygen radical absorbance capacity and reflects the antioxidant value of a food. Further, the consumption of raisins helps with digestion. Raisins contain an ample amount of fibers, which swell in the presence of water. It provides a laxative effect on the stomach and aids in relieving constipation. Also, the daily consumption of raisins keeps the bowel movement regular, and the fibers help keep waste products and toxins out of the system. Besides, raisins contain a substantial amount of magnesium and potassium. These minerals help eliminate acidity and help remove the toxins from the system, thereby preventing diseases like gout, arthritis, kidney stones, and heart diseases.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.
Key Market Segments
In terms of product type, the sultana segment accounted for the largest share of the Asia- Pacific Raisins market in 2019. Based on nature the cut flower market is divided into organic, and conventional. Conventional is expected to be the fastest growing segment over the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Cut Flower market in Asia- Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Geobres, Lion Raisins, Sunbeam Foods, and Fruits of Turkey among others.
Reasons to buy report
Asia- Pacific Raisins Market Segmentation
Asia- Pacific Raisins Market – By Product Type
Asia- Pacific Raisins Market – By Nature
Asia- Pacific Raisins Market – By End User
Asia- Pacific Raisins Market – By Distribution Channel
Asia- Pacific Cut Flower Market- by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 472.81 Million |
| Market Size by 2027 | US$ 724.44 Million |
| CAGR (2020 - 2027) | 5.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
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Regions and Countries Covered
|
|
| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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The Asia Pacific Raisins Market is valued at US$ 472.81 Million in 2019, it is projected to reach US$ 724.44 Million by 2027.
As per our report Asia Pacific Raisins Market, the market size is valued at US$ 472.81 Million in 2019, projecting it to reach US$ 724.44 Million by 2027. This translates to a CAGR of approximately 5.5% during the forecast period.
The Asia Pacific Raisins Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Raisins Market report:
The Asia Pacific Raisins Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Raisins Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Raisins Market value chain can benefit from the information contained in a comprehensive market report.
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