Asia-Pacific Raisins Market – Industry Trends and Forecast to 2030

Asia-Pacific Raisins Market, By Product Type (Natural Seedless, Black Currant, Nemean Currant, Golden Seedless, Muscat, Sultana, Monukka, and Others), Drying Method (Sundried and Mechanically Dried), Nature (Organic and Conventional), End Use (Household/Retail, Food Processing Sector, Food Service Sector, Nutraceuticals), Distribution Channel (Direct and Indirect) - Industry Trends and Forecast to 2030.

Asia-Pacific Raisins Market Analysis and Insights

The major factors that are expected to boost the growth of the Asia-Pacific raisins market in the forecast period of 2023 to 2030, are the rising increased demand for raisins in the food and beverage industries and growing awareness regarding the health benefits of raisins among consumers. Furthermore, the adoption of innovative technologies and solutions and rising trend of on-the-go snacking are further propelling the Asia-Pacific raisins market. The demand for the raisins is increasing for which manufacturers are now more focused and they are involved in the new product launch, promotion, awards, certification, and event participation in the market. These decisions are ultimately enhancing the growth of the market.

Data Bridge Market Research analyses that the Asia-Pacific raisins market is expected to reach the value of USD 1,009.25 million by 2030, at a CAGR of 5.6% during the forecast period of 2023 to 2030.    

Asia-Pacific Raisins Market Definition

Raisins are dried grapes. They are grown in many parts of the world and can be eaten raw or cooked, baked, or brewed. Grape types vary according to grape variety and come in a variety of sizes and colors such as green, black, brown, purple, blue, and yellow. Raisins are commercially produced by drying harvested grape berries. The water inside the grape must be entirely removed from the interior of the cells and transferred to the grape's surface, where the water droplets can evaporate. However, this diffusion process is difficult because the grape skin's cuticle includes wax, which hinders water from flowing through.   

Asia-Pacific Raisins Market Dynamics

Drivers 

• Increasing Health Awareness Regarding Health Benefits of Raisins Among Consumers   

The Asia-Pacific raisins market has experienced significant growth, primarily fuelled by the rising awareness of their numerous health benefits among consumers. Raisins are being recognized as a natural and nutritious option, contributing to a surge in demand across various demographics. As consumers worldwide become more health-conscious, there is a growing emphasis on adopting healthier food choices. Raisins, being a natural product without added sugars or artificial preservatives, align perfectly with this trend. The health benefits of raisins, combined with their convenience as a grab-and-go snack, have made them a popular alternative to other less nutritious snacks. Raisins are packed with essential vitamins, minerals, and antioxidants, making them a nutrient-dense food. They are an excellent source of dietary fibre, iron, potassium, and B-complex vitamins. In addition, raisins contain natural compounds like polyphenols and phytochemicals, which are associated with various health benefits, such as improved heart health and reduced risk of chronic diseases.

• Rising Application of Raisins in Food and Beverage Industry

Raisins, dried grapes known for their natural sweetness and rich nutritional profile, have been an integral part of traditional cuisines for centuries. However, in recent years, the Asia-Pacific raisins market has witnessed remarkable growth, largely driven by the increasing applications of raisins in the food and beverage industry. Raisins are widely used in the bakery industry to add natural sweetness, texture, and flavor to a variety of products. They are commonly incorporated into bread, muffins, cakes, and cookies, enhancing their taste and nutritional value. The health-conscious consumer segment, seeking healthier alternatives to refined sugars, has driven the demand for raisin-infused bakery items. In addition, raisins are a popular addition to cereals and breakfast foods, such as granola bars, oatmeal, and muesli. Their natural sweetness and chewy texture make them an attractive choice for enhancing the taste and nutritional content of these products.

The rising applications of raisins in the food and beverage industry have become a key driver of the growth of the Asia-Pacific raisins market. The versatility, natural sweetness, and nutritional benefits of raisins have made them a sought after ingredient across various food categories, ranging from bakery products and confectionery to beverages and savory dishes. As consumer demand for healthier and natural ingredients increases, the trend of utilizing raisins in innovative food and beverage formulations is expected to continue, further bolstering the growth of the raisins market worldwide.

Opportunity

• Rising Research & Development and Innovative Technologies

The Asia-Pacific raisins market is experiencing significant opportunities for growth and innovation, primarily driven by rising research and development (R&D) efforts and the adoption of innovative technologies. As the demand for healthy and natural snacks continues to increase, stakeholders in the raisin industry are investing in research, product development, and advanced technologies to enhance production efficiency, quality, and diversification. R&D initiatives are focused on developing new grape varieties optimized for raisin production. This involves breeding programs that aim to enhance characteristics such as taste, size, and sugar content, which ultimately impact the quality of raisins. Furthermore, research on agronomic practices, including irrigation methods and pest management, helps maximize grape yields and improve overall crop health, leading to higher-quality raisins. Innovative post-harvest technologies play a crucial role in raisin production. Advanced drying techniques, such as infrared drying, microwave drying, and vacuum drying, help preserve the natural flavor, color, and nutritional content of grapes, resulting in superior quality raisins. These technologies also contribute to reducing energy consumption and processing time, making the production process more sustainable and cost-effective.

The rising research and development efforts and innovative technologies in the Asia-Pacific raisins market present significant opportunities for growth and advancement. Crop improvement, post-harvest technologies, product diversification, sustainable packaging, quality control, process automation, and traceability solutions are all contributing to the modernization and sustainability of the raisin industry.

Restraint/Challenge

• Climate Change and Weather Fluctuations

Climate change, driven by various anthropogenic factors, has resulted in significant alterations to weather patterns worldwide. Extreme weather events, rising temperatures, and erratic precipitation have a profound impact on agriculture and food production, including the cultivation of raisins. Grapes are the primary raw material for raisin production. Climate change has disrupted traditional grape growing regions by altering temperature and precipitation patterns, leading to unpredictable growing conditions. Prolonged heatwaves, unexpected frost, and irregular rainfall can damage grapevines, reducing their overall yield and quality. Climate change-related weather fluctuations have been linked to decreased crop yields in grape-growing regions. High temperatures can cause heat stress in grapevines, affecting fruit development and reducing the overall grape crop.

Climate change and weather fluctuations serve as a major challenge to the Asia-Pacific raisins market. The adverse impacts on grape cultivation, reduced crop yields, and altered ripening processes issues are all factors that hamper the growth and stability of the raisins market

Recent Developments

• In 2022, SUNBEAM FOODS won the award of “Best sultanas and best-dried grapes of the season” among the Dried Fruit Quality Awards winners. This kind of awards winning will help the company to gain more brand value and a competitive edge.

Asia-Pacific Raisins Market Scope

The Asia-Pacific raisins market is segmented into five notable segments, which are based on product type, drying method, nature, end use and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product Type

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

On the basis of product type, the market is segmented into natural seedless, black currant, nemean currant, golden seedless, muscat, sultana, monukka, and others.

Drying Method

• Sundried
• Mechanically Dried

On the basis of drying method, the market is segmented into sundried and mechanically dried.

Nature

• Organic
• Conventional

On the basis of the nature, the market is segmented into organic and conventional. 

End Use

• Household/Retail
• Food Processing Sector
• Food Service Sector
• Neutraceuticals

On the basis of end use, the market is segmented into household/retail, food processing sector, food service sector, neutraceuticals. 

Distribution Channel 

• Direct
• Indirect

On the basis of distribution channel, the market is segmented into direct and indirect.    

Asia-Pacific Raisins Market Regional Analysis/Insights

The Asia-Pacific raisins market is segmented into five notable segments, which are based on product type, drying method, nature, end use and distribution channel.   

The countries covered in the Asia-Pacific raisins market report are China, India, Japan, Australia, Indonesia, South Korea, Thailand, Philippines, Vietnam, New Zealand, Malaysia, Singapore and Rest of Asia-Pacific. 

China is expected to dominate the Asia-Pacific raisins market in terms of market share and market revenue. It is estimated to maintain its dominance during the forecast period due to the growing surge for raisins in various industries and growing consumer demand from end users.

The region section of the report also provides individual market-impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Global brands and their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Asia-Pacific Raisins Market Share Analysis

The Asia-Pacific raisins market competitive landscape provides details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies focus on the Asia-Pacific raisins market.

Some of the key players operating in the Asia-Pacific raisins market Dole Plc, SUNBEAM FOOD, Del Monte Foods, Inc, Lion Raisins, SUN VALLEY RAISINS, Arav Agro Industries, VARSHA INDUSTRIES PVT. LTD., Gauri Farm, ROYAL NUT COMPANY, Royal Nuts, Dryfruits & Spices, Bergin.com, Fruits of Turkey, and Traina Home Grown.