Asia Pacific Raisins Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type, Nature, End User, and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, and Others)

Food Industry Segment to Dominate Asia-Pacific Raisins Market during 2019-2027

According to a new market research study on “Asia-Pacific Raisins Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Product Type, Nature, End User, and Distribution Channel,” is expected to reach US$ 724.44 million by 2027 from US$ 472.81 million in 2019. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The report provides trends prevailing in the Asia-Pacific Raisins market along with the drivers and restraints pertaining to the market growth. Awareness among the consumers regarding the health benefits of raisins are the major factor driving the growth of the Asia-Pacific Raisins market. However, issues associated with the adverse weather conditions hinder the growth of Asia-Pacific Raisins market.

The Asia-Pacific market for Raisins market is segmented into product type, nature, end user, distribution channel, and country. Based on product type, the market is segmented into natural seedless, golden seedless, black currant, sultana, muscat, and monukka. In 2019, the sultana segment held the largest share Asia-Pacific Raisins market. Based on nature the Raisins market is divided into organic and conventional. Conventional is expected to be the fastest growing segment over the forecast period. Based on end user the market is segmented into food industry, food service provider, and households. In 2019, food industry held the largest share of Asia-Pacific Raisins market. Based on distribution channel the market is divided into supermarkets and hypermarkets, convenience store, online and others. Supermarkets and Hypermarkets is expected to be the fastest growing segment over the forecast period.

The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.

Geobres, Lion Raisins, Sunbeam Foods, and Fruits of Turkey are among the leading companies in the Asia-Pacific Raisins market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in

Asia-Pacific Raisins Market, By Country, 2019 and 2027 (%)

The Report Segments the Asia-Pacific Raisins market as Follows:

By Product Type

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

By Nature

• Organic
• Conventional

By End User

• Food Industry
• Food Service Provider
• Households

By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Store
• Online
• Others

By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

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