“Global Coconut Sugar Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global coconut sugar market report has been segmented on the basis of nutrient, application, and region.
Global Coconut Sugar Market: Overview
Coconut sugar is also known as coco sap sugar, coconut palm sugar, coco sugar, or coconut blossom sugar. It is produced from the sap of the flower bud stem and referred as healthy sugar as compared to common refined sugar and. Coconut sugar is considered to be the most eco-friendly, beneficial, and healthy alternative which offers more minerals and vitamins.
Global Coconut Sugar Market: Dynamics
The global coconut sugar market is projected to witness substantial growth over the forecast period owing to an increasing application in the food and beverage sector ranging from snacks, chocolate confectionery, and breakfast cereals. Furthermore, the positive demand for beverages such as coffee and tea to substitute cane sugar is projected to create a potential opportunity for industry growth. In addition, increasing demand from personal care sector for manufacturing skin and personal care products such as shaving gels, body scrubs, face cream, and body creams is estimated to fuel market growth over the forecast period. Moreover, the growing demand for bio-based cosmetics is anticipated to open new growth opportunities for the target market. Also, the rising incidence of obesity, chronic diseases such as diabetes, heart diseases, and other health-related issues is expected to increase demand for coconut sugar over the forecast period. As per the document published by the World Health Organization (WHO), the total number of deaths caused by diabetes in 2016 was 1.6 million. According to a report published by the Centers for Disease Control and Prevention for the year 2017, coronary heart disease is one of the common heart diseases and causes around 370,000 deaths annually.
A key trend observed in the target market is major retailers are coming up with their own brand of coconut sugar. Private label products are priced lower than branded products, which attracts the larger customer base.
Global Coconut Sugar Market: Segment Analysis
Among the nutrient segments, the minerals segment is expected to hold a considerable share in the market over the forecast period.
Among the application segments, the confectionery segments expected to drive the target segment in the target market.
Global Coconut Sugar Market: Region Analysis
The market in the Asia Pacific is estimated to hold a significant share in terms of revenue in the global market, due to the rising geriatric population along with increasing demand for health products in this region. In addition, increasing demand for coconut sugar for cosmetics and food & beverage sector, along with raising awareness regarding the consumption of coconut sugar expected to support growth of the target market.
The market in North America is also expected to register significant growth rate over the forecast period. This is attributed to the presence of key food manufacturers such as National Beef, Tyson Foods, and PepsiCo, along with increasing health issues such as obesity and diabetes in the region due to unhealthy or unsuitable dietary habits.
Global Coconut Sugar Market Segmentation:
Segmentation by Nutrient:
- Vitamin C
Segmentation by Application:
- Confectionery (Cakes, Chocolates, Brownies)
- Food Seasoner
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Celebes Coconut Corporation
- Coco Sugar Indonesia
- NOW Foods
- Holos Integra
- Los Ricos Compania Corporation
- Urmatt and SunOpta, Inc.
- The Coconut Company Ltd
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