LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global palm date processing equipment market to post a CAGR of more than 6% during 2018-2022. The growing adoption of palm date processing equipment with PLC is a key trend, which is expected to impact the growth of the market.
Palm date processing includes various time-based operations. PLC digital computers are used to automate palm date processing lines. Manufacturers of palm date processing equipment are focusing on developing equipment with PLC systems.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio researchers identify the health benefits offered by palm date products as one of the key factors contributing to the global palm date processing equipment market:
Health benefits offered by palm date products
The demand for organic dates in increasing in the market owing to the growing awareness of the health benefits offered by dates. Consumption of dates can cure anemia, which is caused due to iron deficiency. Dates are also a rich source of soluble fibers, and various minerals such as manganese, selenium, magnesium, and copper.
According to a senior analyst at Technavio for food service research, “The high nutritional content of dates makes it highly beneficial for the health of consumers. Increasing awareness of the health benefits of dates will lead to an increase in demand for dates. This will influence the growth of the market during the forecast period.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global palm date processing equipment market - segmentation and analysis
This market research report segments the global palm date processing equipment market by product (pitting, fumigation, and packaging) and key regions (Americas, APAC, and EMEA).
The pitting product segment accounted for close to 40% of the market in 2017, followed by the fumigation and packaging segments. The market share of this segment is expected to increase by close to 1% over the forecast period, while the other two segments will see a small decline in their market shares.
In 2017, EMEA dominated the global palm date processing equipment market with a revenue share of close to 54%, followed by APAC and the Americas. The growing demand for the export of processed palm dates from various countries in the region has contributed to the large market share of EMEA, which will increase by a further 1% over the forecast period.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all
non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.