Date Powder - Best Product, Project & Ideas for Startups
Dates are a healthy source of nutrients such as vitamins and minerals. It is also a great source of electricity, sugar, and fiber. They contain essential minerals such as calcium, copper, phosphorus, sodium, potassium, magnesium, and zinc. They also contain vitamins such as thiamine, riboflavin, niacin, folate, vitamin A and vitamin K.
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Date powder is extracted from the method of drying the date paste. It is obtained by diluting the date paste with water and dried utilizing various methods. Date powder is a natural sweetener and brown and has multiple health benefits. It contains a significant level of dietary fiber and can be used as a substitute for brown sugar. In comparison, the date powder also possesses a major degree of antioxidant content than any sugar.
Opportunities for industry players in the emerging powder market
Date powder is used by a significant number of customers because it provides additional health benefits that can give producers better opportunities to increase the production and selling of date powder. Besides, the increased use of organic products can also affect the consumption of organic date powder, which can further create opportunities for market players to increase the production of date powder and increase the capacity for growth.
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India and Regional Market Outlook
South Asia is the world's leading market for dried powders with the largest market share due to the high use of dried dates. North America is more, conjointly showing the many quantities useful shares in date powder market because of the high consumption of natural sweeteners. However, Europe is showing high growth within the world date powder market, and therefore the major reason is the increasing health consciousness population within the region.
- The dates of India started years ago, but it was more of a love and hate drama. Today, we are the world's largest importer of dates, and one would imagine how we can catch pace with the ever-increasing customer demands for this tasty fruit.
- In India, dates are eaten as dry fruit, while in the Middle East and African countries, they are part of the culinary and are used to produce pastries and other culinary delights.
- Mumbai, Hyderabad, Lucknow, Delhi, Bengaluru, Kerala, West Bengal, and Srinagar are the most profitable date-selling markets.
- In FY2016, the cumulative import date of the nation was 324,350.23 MT in terms of value, which amounted to $190.13 million. Approximately 96 % of the country's overall imports derive from Pakistan, Iraq, Iran, the UAE, and Oman, with Pakistan being India's largest trade partner.
- The global supply of date fruit is roughly 5.4 mn of metric tons per year.
Business Trend in India Over the last century, imports of dates have risen by 6.76 % in the CAGR. And, if there is little to be said about the growth of our agriculture industry, it is very doubtful that domestic supply can reach consumer demand – leave quality alone.
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Although there was a sharp decrease in imports in Q3, CY2015 (from 69,015.95 MT in Q2, CY2015 to 39,373.32 MT in Q3, CY2015), imports of dates raced 109,888.80 MT in Q4, CY2015. The first quarter of CY2016 had seen an import date of 95,314.14 MT worth $52.41 million and industry analysts anticipate importers to have a reasonable margin over the next quarters.
Key Players in the Business Globally
- Ario Co
- G. Foods
- Mevive International Food Ingredients
- Arat Company Pjs.
- Asia Foods International
- Woodspur Farms
- Desert Valley Date
- Al Barakah Dates Factory LLC
- Early Foods
- Shiloh farms
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