Raisins Market Size, Share, Growth Analysis, 2032

Raisins Market: Industry Perspective

The global raisins market size was worth around USD 2.37 billion in 2023 and is predicted to grow to around USD 3.64 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.9% between 2024 and 2032. The report analyzes the global Raisins Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the industry.

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The report covers forecasts and analyses for the global raisins market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historical data from 2018 to 2022 and a forecast from 2024 to 2032 based on volume (Million Tons) and revenue (USD Billion).

Raisins Market: Overview

Raisins are an abundant source of zeaxanthina, isoflavones, resveratrol, and catechins which are strong antioxidants. It also contains a strong source of magnesium and potassium. Moreover, it provides high nutritional value owing to the presence of vitamins, carbohydrates, and proteins. The consumption of raisins has increased due to the enormous attributes present as mentioned above which led to the growth of the raisins market and is likely to grow at a single-digit CAGR within the forecast period. The global raisins market has enormous opportunities to expand due to a variety of applications in the food and beverage industry. It is widely used in the food industry such as the bakery industry (shortcakes, cookies, and bread puddings).

Raisins Market: Growth Factors

One of the primary factors that are growing the global raisins market is the exponential growth of the food industry. Moreover, the consumption of confectionery products has increased which will ultimately lift the raisin market. The rise in disposable income, changes in lifestyle, consumer preferences and consumption patterns are the secondary factors that are surging the global raisins market. The consumption patterns of consumers have shifted to a healthy and nutritional diet which has led to the development of the raisins market. The factor that might hamper the raisins market is the availability of substitute products i.e. prunes or dried cranberries which have almost the same nutritional value.

Raisins Market: Segmentation Analysis

The global raisins market has been segmented on the basis of product type and application.

Based on product type, the global raisins market is classified as natural seedless, golden seedless, black currant, and others (Sultana and Muscat). Natural seedless raisins are basically sun-dried seedless grapes whereas golden seedless raisins are the same as natural seedless raisins but they are oven-dried to restrain from darkening effect of sunlight. The black currant raisins are dark and seedless raisins that are made from black grapes.

Based on application, the global raisins market is segmented into the food industry, food service providers, and households. The food industry is further segmented into snacks, ready meals, bakeries, dairies, and confectionaries. Food service providers are further segmented into restaurants and caterers. These vast segments are lifting the demand for the global raisins market. California one of the world’s largest producers of raisins produces approximately 370000 tons of raisins out of which approximately 4-6% is golden raisins subject to the demand from manufacturers and consumers.

Raisins Market: Report Scope

Raisins Market: Competitive Analysis

The global raisins market is dominated by players like:

• Sunbeam Foods Pty Ltd.
• Dole Food Company, Inc.
• Geobres Nemean Currants
• 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.

This report segments the global raisins market as follows:

Global Raisins Market: Product Type Segment Analysis

• Natural Seedless
• Golden Seedless
• Black Currant
• Others  

Global Raisins Market: Application Analysis

• Food Industry
• Food Service Providers
• Households

Global Raisins Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa