09-Mar-2020 | Zion Market Research
As per the analytical research carried out by the researchers at Zion Market Research (ZMR), the global coconut sugar market stood at around USD 1.8 Billion in 2019. The analysts anticipate that the global market will expand at an incredible CAGR of 5.5% throughout the forecast period between 2019 and 2025. The global coconut sugar market will boost the cosmetic and food & beverage sectors by creating new avenues for several vendors.
Coconut sugar is more beneficial for health as compared to conventional table sugar owing to its high nutritional value. The majority of coconut sugar manufacturing firms are headquartered in Indonesia and the Philippines. Some of the global leading coconut sugar manufacturers leveraging the global requirement for organic food are Holos Integra, American Key Food Products, Tradin Organic, The Coconut Company Ltd., Activa Enterprises Ventures Inc., Coco sugar, Los Ricos Compania Corporation, Cook Organic Foods LLP., Tree Life, Franklin Baker, and Bigtreefarms, among others.
The coconut sugar market report published by ZMR comprehensively illustrates the market by segmenting it on the basis of nutritional content and industrial applications. Based on the nutritional ingredients, the product is sub-categorized into vitamin C; minerals (iron, phosphorus, potassium, calcium, and zinc); and phytonutrients (antioxidants, anthocyanidin, flavonoids, and polyphenols). Coconut sugar is bifurcated as per industrial applications, which includes confectionary products (brownies, cakes, and chocolates); bakery products (biscuits); beverage items (juice, tea, & other beverages sweetener); and personal care products.
Unhealthy Food Habits To Eventually Boost The Demand For Coconut Sugar
Diabetes and obesity-like medical conditions are common among those people who follow unhealthy diet patterns. The commonly used traditional sweeteners such as cane sugar arouse these medical conditions. Therefore, to retain a healthy lifestyle, traditional sweeteners used in the food & beverage industry ought to be replaced with coconut sugar, eventually surging its global demand during the forecast period.
Growing Cosmetics Market Likely To Lift The Coconut Sugar Market
Skincare products such as shaving gels, body scrubs, and moisturizing creams are under high demand. Coconut cream and sugars are the key ingredients present in some body lotions. Therefore, the growth in the cosmetic industry is likely to propel the coconut sugar market during the projected phase from 2019 to 2025. On the contrary, the coconut sugar production is relatively costlier and time-consuming as compared to traditional sweetener owing to the absence of an automated process.
Owing To Abundance Of Raw Material, Majority Of The Manufacturers Are Established In Asia Pacific
As per the report, Asia Pacific is anticipated to be the leading manufacturer and exporter of the coconut sugar, grabbing an 85–90% share of the global market. Furthermore, the Philippines, Indonesia, and India are the major countries in the region where coconut trees are present in abundance. In 2013, the Food and Agricultural Organization raised a claim regarding the aging of coconut trees in the Asia Pacific.
Meanwhile, the European countries are witnessing higher demand for coconut sugar, particularly in the food and beverage sector. This is chiefly because the European residents are switching to organic food products.
Browse the full “Global Coconut Sugar Market - By Industry Applications (Beverages (Tea and Juice), Confectionary (Chocolates, Brownies, & Cakes), Bakery, Personal Care, and Food Seasoner), By Nutritional Components (Vitamin C, Minerals (Iron, Phosphorus, Potassium, Calcium, and Zinc), and Phytonutrients (Anthocyanidin, Antioxidants, Flavonoids, and Polyphenols)), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/coconut-sugar-market
The report segments the global coconut sugar market as follows:
By Nutritional Components:
By Industry Application:•
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