Raisins Market Growing at a CAGR of 4.7% During forecast period 2020-2027

The raisins market was valued at US$ 2,216.70million in 2019 and is projected to reach US$3,191.36million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027.

Raisins are small sized dry fruits that contain abundant nutrients. Raisins are actually grapes that have been dried under the sun or in a food dehydrator. Raisins are produced in various regions across the worldand are consumed raw or used in baking, cooking, and brewing. 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.

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Top Key Players:- Akrodria, Geobres, Lion Raisins, Montagu Snacks, Red River Foods, S & B Herbafoods, Sunbeam Foods, Traina Foods, Sunsweet, and Fruits of Turkeyare

The interest in innovative bakery and confectionery products is escalating across the globe. Raisins are used as an ingredient for sugar replacement. Dried raisins are widely used in various food products to increase their flavor and nutritional value. Chocolate snacks, bakery products, fruit snacks, and many other products use raisins as an important ingredient. Various food companies are using raisins in their products and are introducing several types of snacks and bakery products consisting of raisins.

Customers are demanding nutrition rich food products and companies are striving to meet the evolving customer demands. Raisins can be added in various food products including muffins and pancakes to sweeten the product instead of using refined sugar. 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.

COVID-19 first began in Wuhan (China) during December 2019, and since then it has spread across the globe at a fast pace. The US, India, Brazil, Russia, Spain, Brazil, Mexico, Italy, South Africa, France and the UK are among the most affected countries in terms of confirmed cases and reported deaths as of October 2020. According to the latest WHO figures, there are ~36,053,816 confirmed cases and 1,054,721 total deaths globally. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

Raisins Market, by Product Type
• Natural Seedless
• Golden Seedless
• Black Current
• Sultana
• Muscat
• Monukka

Raisins Market, by Nature
• Organic
• Conventional

Raisins Market, by End User
• Food Industry
• Food Service Provider
• Households

Raisins Market, by Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Store
• Online
• Others

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This release was published on openPR.