Global Raisins Market Size Likely to Grow at a CAGR of 4.89% By 2033

As per the current market research conducted by the CMI Team, the global Raisins Market is expected to record a CAGR of 4.89% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 2.45 Billion. By 2033, the valuation is anticipated to reach USD 3.95 Billion.

Raisins Market – Overview

According to industry experts at CMI, the growing shift to vegan and plant-based diets is seeing significant trends for the penetration of the market. Raisins are utilized as a natural sweetener and component in plant-based recipes, which supports market growth as more individuals adopt vegan or plant-based diets.

Furthermore, the increasing disposable income especially in emerging economies such as India, China, Japan and Others favor the expansion of the raisins industry. Additionally, the growing e-commerce platform and the increasing knowledge among consumers about the benefits of raisins offer a lucrative opportunity for the growth of the global raisins market revenue share. However, the presence of alternatives and concern over the sugar content of the sensitive customer is a major restraining factor for the growth of the market.

Raisins Market: Growth Factors and Dynamics

Increasing application in the food industry

In the food sector, raisins are used in a variety of categories, including baked goods, snacks, confectionery, dairy products, and processed meals. Their uses are broad and varied. They are a desirable element for producers as well as consumers due to their inherent sweetness, texture, and nutritional advantages. To add sweetness and texture, raisins are frequently used in cakes, muffins, and other baked goods.

They are especially well-liked in goods like morning muffins, carrot cakes, and fruit cakes. Furthermore, raisins are widely covered in milk and dark chocolate coatings to provide a well-liked candy snack. A diverse spectrum of customers finds this pairing of chocolate and fruit appealing. Therefore, the growing application in the food industry drives the industry growth.

Rising Disposable Income

With rising disposable incomes, there is a growing appetite for convenience foods, particularly packaged snacks and ready-to-eat goods. As a flexible and practical snack, raisins are being added more frequently to cereal, mixed nuts, and snack bars to appeal to consumers who are always on the go.

Presence of alternatives

Competition for the market comes from other dried fruits like dates, apricots, and cranberries, as well as from healthier snack options like nuts and seeds, and even from manufactured snacks that are sold as medicinal items. Raisins’ market share may be restricted by this rivalry. Rounded raisins may see a decline in demand among specific market categories as more people choose fresh, complete foods over processed or dried alternatives.

Report Scope

Raisins Market: New Launches and Acquisitions

• In May 2021, new tropical punch and peach varieties of flavored raisins are being added to the roster by Sun-Maid Growers of California. The products are part of a range of sour raisin snacks that also come in watermelon, mixed berry, blue raspberry, and strawberry tastes. The business says these are a healthier option that tastes like candy, are produced with golden raisins, and are free of artificial flavors and colors. The items are certified gluten-free by the Non-GMO Project. Expanding its product line in this way will enable the business to attract new customers in the marketplace.

• In July 2021, Dole Packaged Foods LLC introduced two functional product lines, DOLE ESSENTIAL and DOLE FRUITIFY, that are free of high fructose corn syrup and added sugar. This is a component of Dole’s 2025 commitment to remove added sugar from all of its products.

• In May 2021, Murray River Organic declared that it had signed a memorandum of understanding to sell its Mildura farm and its dried vine fruit (DVF) processing facility in Mourqoung, New South Walkes, for $2 million each.

• In June 2021, one of the top vertically integrated producers, marketers, and distributors of premium fresh and fresh-cut fruit and vegetables worldwide, Fresh Del Monte Produce Inc., recently announced a collaboration with I Squared Capital.

List of the prominent players in the Raisins Market:

• Sun-Maid Growers of California
• Geobres
• Raisins South Africa
• Bergin Fruit and Nut Company
• Dole Food Company Inc.
• Murray River Organics Ltd
• Sunsweet Growers Inc.
• Decas Cranberry Products Inc.
• Traina ® Home Grown
• Lion Raisins Inc.
• Kiantama Ltd
• Del Monte Foods Inc.
• National Raisin Company
• Mariani Packing Company
• Arimex
• HBS Foods Ltd
• Bob’s Red Mill Natural Foods
• Others

The Raisins Market is segmented as follows:

By Category

• Conventional
• Organic

By Product Type

• Natural Seedless
• Golden Seedless
• Black Currant
• Sultana
• Muscat
• Monukka
• Others

By End User

• Food Industry
• Food Service Provider
• Households

By Packaging

• Pouches
• Jars & Bottles
• Others

By Distribution Channel

• Supermarket
• Speciality Stores
• Retail Stores
• Online Stores
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America