Coconut Sugar Market Size To Reach $ 2.64 Billion By 2027 With CAGR Of 5.2% | Reports and data


Reports and data

Coconut Sugar Market Size – USD 1.77 Billion in 2019, Market Growth – 5.2% CAGR, Market Trends – Strong demand from developing countries.

NEW YORK CITY, NY, USA, October 19, 2021 / – Increased popularity among health conscious people due to its vitamins and other minerals with demand for skin care products and herbal hair is the root of the need for the market.

The global coconut sugar market is expected to reach $ 2.64 billion by 2027, according to a new report from Reports and Data. Demand for coconut sugar is expected to increase, attributed to the growth of end-user industries around the world. In addition, the growing awareness of health-conscious people of coconut sugar due to its high nutritional qualities is driving the market demand. However, the availability of counterfeit products at low prices hinders market order.

The rapid urbanization of the society has changed the way of life of the people and, in turn, has increased the prevalence of health measures on a wide aspect, thus increasing the demand for the product. The limitation of coconut sugar is that if consumed in excess, the added sugars can cause problems like obesity, diabetes, metabolic syndrome and heart disease, which together with a higher price of the product compared to traditional sugar, can be recycled. application for coconut sugar.

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Several initiatives taken by governments around the world are instrumental in the growth of the market. For example, the use of the product is supported by the Indian government under the guidance of the Coconut Development Board of the Ministry of Agriculture, as India contributes to the list of top coconut producers across the world. In addition, other governments of countries such as Indonesia, Philippines and Sri Lanka are also supporting their respective countries to create increased demand for products.

The Asia-Pacific region is expected to grow with the highest growth rate during the forecast period, due to an increase in the use of coconut sugar and an increase in the number of people opting for manufacturing of products.

The impact of COVID-19:
As the COVID-19 crisis escalates, manufacturers are rapidly changing their business practices to improve profitability during the pandemic, which has reduced demand for the product. Over the course of a few months, there will be a series of shocks both positive and negative, as manufacturers and their suppliers respond to the changing needs of suppliers. With an unhappy global situation, the export-dependent economies of many regions appear vulnerable. Under these circumstances, market conditions in the Asia-Pacific coconut sugar markets have been very fluid, declining every week, making it difficult to stabilize.

The main participants include Koperasi Nirasatria, Earth Circle Organics, Coco Sugar Indonesia, Tradin Organics, The Coconut Company Ltd, Celebes Coconut Corporation, Franklin Baker, Los Ricos Compania Corporation, Nutiva, Coconut Secret, among others.

Other key findings from the report suggest
• Increased awareness of health conscious people to use coconut sugar due to its high nutritional qualities is stimulating market demand. Therefore, a major contributor to coconut sugar consumption is mineral composition, which generated sales of $ 0.76 billion in 2017 and is expected to reach $ 1.35 billion by 2027.
• The confectionery industry application is the main contributor to the coconut sugar market, which generated a turnover of 0.44 billion USD in 2017 and is expected to reach 0.71 billion USD by 2027 The confectionery app in the Asia-Pacific region is the largest shareholder in the market and held around 28.0% of the market in 2019.
• Asia-Pacific dominated the market in 2019. The region’s continued focus on cost-effective and innovative procedures adopted in the region is driving the market. The Asia-Pacific region market held around 42.0% of the coconut sugar market, followed by North America, which contributed around 30.0% of the market in 2019.
• In October 2019, Nutiva launched Organic MCT Creamer, a plant-based cream powder packed with the benefits of Medium Chain Triglycerides (MCTs). It’s made with Nutiva organic MCT powder, coconut milk powder, and a touch of coconut sugar.

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For the purpose of this report, reports and data have segmented the global coconut sugar market on the basis of nutritional components, industry application, distribution channel and region:

Nutritional Components Outlook (Volume, Kilotons; 2017-2027, Revenue, $ Billion; 2017-2027)
• Vitamin C
• Minerals
o Phosphorus
o Calcium
• Phytonutrients
o Anthocyanidin
o Antioxidants
o Flavonoids
o Polyphenols

Industry Application Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
• Drink
o Juice
• Confectionery
o Chocolates
o Brownies
• Personal care
• Food seasoning

Distribution Channel Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
• At the store
o Supermarkets and Hypermarkets
o Convenience stores
• Not based on store

Regional outlook (volume, kilotonnes; 2017-2027, revenue, billion dollars; 2017-2027)
• North America
• Europe
• Asia Pacific
• Latin America

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Key Highlights of the Coconut Sugar Market Report:
• A comprehensive market overview
• An objective assessment of the growth trajectory of the coconut sugar market over the forecast period.
• Comprehensive coverage of unprecedented changes in market dynamics during the pandemic period
• Market segmentation at regional and global levels
• Projections of historical, current and forecast market size in terms of value and volume
• Take a closer look at recent industry trends and developments
• Commercial growth strategies of the main market players in the main regional markets
• Recommendations for new market entrants on strengthening the presence in the global market

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