LONDON–(COMMERCIAL THREAD) – Technavio is monitoring the global coconut sugar market, and the market is expected to grow by USD 253.4 million in 2019-2023, growing at a CAGR of over 8% during the forecast period. Request free sample pages
Read the 106-page research report with TOC on ‘Coconut Sugar Market Analysis Report by Product (Organic Coconut Sugar & Inorganic Coconut Sugar), by Geography (Americas, APAC & EMEA) and segment forecast, 2019 – 2023 “.
The market is driven by growing consumer awareness of the health benefits of coconut sugar. In addition, the emergence of private labels is expected to further stimulate the growth of the coconut sugar market.
Consuming coconut sugar is beneficial for people with diabetes because it has a glycemic index of 35. It strengthens a person’s immune system because it contains insulin, which can stimulate the growth of intestinal bifidobacteria. Coconut sugar is not only rich in essential minerals and vitamins such as potassium, zinc, iron, magnesium, calcium, B1, B2, B3, B6 and C, but it also helps regulate the content of human body water. Thus, the consumption of coconut sugar will increase which in turn will drive the growth of the market during the forecast period.
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Top five companies in the coconut sugar market:
Celebes Coconut Corporation
Celebes Coconut Corporation is headquartered in the Philippines and owns and operates businesses in various product segments such as coconut products and other products. Through the Celebes brand, the company offers organic coconut sugar.
Coconut Sugar Indonesia
Coco Sugar Indonesia is headquartered in Indonesia and manufactures and offers products through the product segment: Coconut Sugar. The company supplies organic coconut sugar to its consumers through the COCO SUGAR brand.
NOW Foods is headquartered in the United States and operates in various segments including Supplements, Beauty & Health, Essential Oils, Sports Nutrition, Natural Foods, and Pet Health. The company offers organic coconut sugar under the NOW brand.
Nutiva is headquartered in the United States and provides services in the following segments: Body Care, Nutrition, Culinary Oils, Baking and Snacks, and Spreads. The company supplies organic coconut sugar through a brand called nutiva.
TreeLife is headquartered in the Philippines and offers products through the product segment: Coconut Products. The company supplies coconut sugar under the TREELIFE brand. The company also offers products such as coconut syrup, virgin coconut oil, and coconut flour.
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Coconut Sugar Products Outlook (Revenue, USD Million, 2019 – 2023)
Organic coconut sugar
Inorganic coconut sugar
Coconut Sugar Regional Outlook (Revenue, USD Million, 2019 – 2023)
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Related reports on consumer staples are:
Packaged coconut water market – Packaged Coconut Water Market by Type (Packaged Flavored Coconut Water and Plain Packaged Coconut Water) and Geography (APAC, Europe, MEA, North America and South America).
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