Reports And Data

The Coconut Sugar Market is forecasted to grow at a rate of 5.2% in terms of value, from 2020 to reach USD 2.64 billion by 2027

NEW YORK CITY, NEW YORK, USA, August 5, 2022 /EINPresswire.com/ -- The Coconut Sugar Market is forecast to reach USD 2.64 Billion by 2027, according to a new report by Reports and Data. Coconut sugar is expected to witness a surge in demand, attributed to the growth of the end-user industries across the globe. Moreover, the rising awareness amongst health-conscious people for coconut sugar due to its high nutritional attributes which is fostering the market's demand. However, the availability of counterfeited, low-cost products hampering the order of the market. Several initiatives taken by governments worldwide are playing an instrumental role in driving the growth of the market. For instance, the usage of the product is supported by the Indian government under the Coconut Development Board of the Ministry of Agriculture, as India contributes to the list of top producers of the coconut across the globe. Moreover, other governments in nations such as Indonesia, Philippines, and Sri Lanka are also supporting their respective countries to create an increased product demand.

The rapid urbanization of the society has changed the lifestyle of the people and, in turn, has increased the prevalence of health measures over a broad aspect, thus, augmenting the demand for the product. The limitation of the coconut sugar is that if it is consumed in excess, then added sugars might cause some problems like obesity, diabetes, metabolic syndrome, and heart disease, which along with a higher price of the product as compared to traditional sugar may retrain demand for coconut sugar.

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Some of the Leading Market Players Are Listed Below:

• Koperasi Nirasatria,
• Earth Circle Organics,
• Coco Sugar Indonesia,
• Tradin Organics,
• The Coconut Company Ltd,
• Celebes Coconut Corporation,
• Franklin Baker,
• Los Ricos Compania Corporation,
• Nutiva,
• Others

Competitive Landscape:

The research report offers details about leading companies in the global Coconut Sugar market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.

Market Segmentation:

Coconut Sugar Market Segmentation based on Nutritional Components Outlook:
• Vitamin C
• Minerals
• Phytonutrients
Coconut Sugar Market Segmentation based on Industry Application Outlook:
• Beverage
• Confectionary
• Personal Care
• Food Seasoning
Coconut Sugar Market Segmentation based on Distribution Channel Outlook:
• Store-Based
• Non-Store Based

For comprehensive coverage, the report discusses growth prospects, opportunities, and challenges. The market report considers various key factors across the leading regions.

Market Dynamics:

Increasing consumer inclination towards functional, organic and probiotic-based food & drinks is providing impetus to the growth of global food and beverage industry. Various studies have come with health benefits associated with “ethnic” and organic food products. These foods improve cardiovascular health, improves arthritis, digestive issues, and other inflammatory conditions. Consumers are gradually focusing on mindful eating and consuming food for health and wellness. Changing eating and dietary patterns of consumers is prompting brand owners and new entrants to introduce healthy foods options. Several clean-label products have been introduced in the market and consumer curiosity for new products is immense

Growing middle class consumers with rising income in developing countries such as India and China will boost food & beverage market growth. Moreover, increasing consumer preference for procuring food and beverage items from online platforms due to variety, cost and time-saving will foster market size through 2027.

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Coconut Sugar Market Segmentation based on Regions:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)

Key Features of the global Coconut Sugar Market:

• The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
• The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
• Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
• Optimum strategic initiatives for new players in the market.
• Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
• The study also includes supply chain trends, including elaborate descriptions of the latest technological development

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