ID: MRFR/F-B & N/2678-HCR | 110 Pages | Published By Sakshi Gupta on March 2023
The organic coconut sugar market share is relied upon to enlist a CAGR of 5.98% from 2020 to 2027 and arrive at USD 545.5 million before the finish of 2027.
The organic coconut sugar market is expected to gain a market value of USD 545.5 million by 2027 at a CAGR of 5.98% from 2020-2027.
Organic coconut sugar is a by-product of coconut sap that contains high levels of key nutrients such as potassium, magnesium, iron, and zinc. The wide application of coconut sugar as a natural sweetener due to its health benefits has largely contributed to the market growth. It is beneficial for people with blood sugar problems.
The major factors influencing the organic coconut sugar market are the growing demand for coconut sugar from the natural food sector, increasing rates of obesity and diabetes, and rising usage of coconut sugar in many cosmetic products such as body creams, shaving gels, scrubs, and others. Furthermore, the rising awareness about the advantages of coconut sugar among people and the growing popularity of haircare and herbal skin products is estimated to carve the way for the market's growth. Moreover, the glycemic index of coconut sugar is lower than cane sugar and honey. On the other hand, the rising vegan population will bring more opportunities for the coconut sugar business. However, strict government rules related to marketing make it a major challenge for this product. A study by the Philippine Food and Nutrition Research Institute found that white sugar has an approximate glycemic index of 60 to 65, while coconut sugar has a glycemic index of 35.
The COVID-19 pandemic has affected many countries across the world. It was difficult for the businesses because it had a tremendous financial impact due to the lack of workforce, investment, and a disrupted supply chain. However, after the pandemic, it is more likely for the prices of coconut sugar to rise because of the growing relevance in the market as people are drawn to cleanliness, wellness, and natural products.
Organic Coconut Sugar Market Dynamics:
Developing demand for the item to supplant raw coconut will probably drive the market in the next couple of years. Organic coconut sugar has a low glycemic file when contrasted with pure sweetener and nectar. Subsequently, it diminishes the rising sugar level ascent in the circulatory system. The rising prevalence of Asian Cuisine, expanding interest in dairy substitutes, and related medical advantages related to Organic Coconut Sugar are relied upon to drive the market further in the projected period.
Also, the expanding lactose narrow-minded among individuals overall is driving the market with its wide application in the food and refreshment industry. Expanding interest in the natural coconut sugar for assembling healthy skin items, for example, body scours, shaving gels, face and body creams contributes to the development of the market in the projected period.
Fluctuating costs in un-refined substance and the creative interaction is more work escalated inferable from absence of automation in this way it is a tedious cycle which is further maker focused and represented a few deterrents in the extended period for the market to prosper.
Expanding center around the sound way of life, the tendency of buyers towards naturally delivered items and rising interest for regular beauty care products and individual consideration items is the rising pattern among the purchasers. It is additionally expected to develop the market in the projected period.
As indicated by the Philippine Food and Nutrition Research Institute, white sugar has an approximated glycemic file of 60 to 65, though coconut sugar has a glycemic file of 35. Thus, coconut sugar brings about a lower insulin spike when contrasted with standard white sugar.
This decreases the danger of diabetes, which is driving the development of the worldwide natural sugar market. The expanding interest in natural food items from everywhere the globe is expected to help develop the worldwide natural coconut sugar industry. Furthermore, the expanding discretionary income combined with changing food propensities for the shoppers is relied upon to encourage the development of a natural coconut sugar market.
Organic Coconut Sugar Market Segment Overview:
The organic coconut sugar market size has been portioned dependent on structure, circulation channels, and district. In light of structure, the worldwide market has been arranged as powder, granular, and others. The worldwide market has been fragmented, based on dissemination channel, into store-based and non-store-based. The store-based section has been further sub-divided into grocery stores and hypermarkets, odds and ends shops, and others.
The worldwide market has been broken down into four key areas—North America, Europe, Asia-Pacific, and the remainder of the world. The North American natural coconut sugar market has additionally been divided into the US, Canada, and Mexico. The European natural coconut sugar market has been delegated to the UK, Germany, France, Italy, Spain, and Europe.
The natural coconut sugar industry in Asia-Pacific has been isolated into China, India, Japan, Australia and New Zealand, and the remainder of Asia-Pacific. In the remainder of the world, the natural coconut sugar market has been divided into South America, the Middle East, and Africa.
Natural Coconut Sugar can be divided based on structure, end-use application, bundling, dissemination channel, and district.
Based on structure, Organic Coconut Sugar Market can be sectioned into fine powdered, powdered, precious stone/granular, block structure, and fluid syrup.
Organic Coconut Sugar Market can be sectioned into the family, food service, food and refreshment producers, individual consideration and beauty care products, and others based on the end-use application. In close to home consideration, it is utilized in coconut cleans and face and body creams as a characteristic fixing and related advantages to the skin surface. Organic Coconut Sugar Market can be divided into pockets/sachets, containers/bottles, and creased boxes based on the sort of bundling.
Based on the dispersion channel, Organic Coconut Sugar Market can be portioned into direct and retail deals. Direct deals allude to coordinating the selling of natural coconut sugar as a fixing to different enterprises. Retail deals are additionally divided into odds and end shops, staple retailers, online retailers, and other retailing designs.
Organic Coconut Sugar Market Regional Analysis:
The Asia Pacific is relied upon to be the biggest maker for the thing inferable from plentiful unrefined substance accessibility and innovation expertise. The item's costs will probably increment over the conjecture time frame inferable from the flooding interest in the worldwide market. The thing's expense is a lot high in the global market when contrasted with the domestic market.
Accordingly, in the organic coconut sugar market trend, the producers need to investigate the costs to acquire a higher offer in the worldwide market. The fast development of the food and refreshment and makeup industry in nations including Korea, China, and India is relied upon to emphatically affect the business development over the gauge time frame.
The market in North America is relied upon to overwhelm the worldwide natural coconut sugar market because of its appeal for natural food. In addition, the high discretionary income of the populace in the district and developing wellbeing mindfulness are factors expected to fuel the development of the worldwide market.
The market in Asia-Pacific is projected to enlist the most elevated CAGR in the worldwide natural coconut sugar market because of expanding wellbeing mindfulness among the populace. Besides, the changing way of life and food propensities for the shoppers in the area are estimated to support the development of the worldwide natural coconut sugar market.
The worldwide natural coconut sugar industry in the remainder of the world is relied upon to develop consistently because of increasing interest in natural food items in many regions of the world.
Organic Coconut Sugar Market Competitive Landscape:
Organic Coconut Sugar Market Report Overview:
It includes the latest item dispatch and names critical progressions keeping watch. Likewise, it communicates the impact of these things on the advancement of the market. The genuine scene has been examined thoroughly, and estimates are made concerning driving associations and things before very long.
The estimate esteems been obliged on the lookout for the hour of 2020-2027. The specific figures have been gotten past trusted in sources. Plus, these assumptions are made dependent on expansive assessment examination techniques, joined with the appraisals of experienced measurable looking over specialists.
|Market Size||USD 545.5 Million|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Form, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Big Tree Farms (US), , The Coconut Company Ltd. (UK), , Ecobuddy Group (India), Cocoa Sugar Indonesia (Indonesia), PT Holos Integra (Indonesia), Celebes Coconut Corporation (Philippines), Earth Circle Organics LLC (US), Saudi Food Ingredients Factory (Saudi Arabia), Coco Natura (Philippines), PT Mega InovasiOrganik (Indonesia), SunOpta Inc. (Canada), Los RicosCompania Corporation (Philippines), Tardo Filipinas Incorporated (Philippines), Madhava Ltd. (US), CV. India Sourcing (India)|
|Key Market Opportunities||Rising awareness about the advantages of coconut sugar among people, Growing popularity of haircare and herbal skin products, Rising vegan population|
|Key Market Drivers||Developing demand for the item to supplant raw coconut, The lower fructose level of coconut sugar|
Organic Coconut Sugar Market is expected to reach USD 545.5 million by 2027.
Organic Coconut Sugar Market is expected to exhibit a strong 5.98% CAGR over the forecast period from 2020 to 2027.
Leading players in the Organic Coconut Sugar Market include The Coconut Company Ltd., Big Tree Farms, and Coco Sugar Indonesia, among others.
Asia Pacific is likely to dominate the global Organic Coconut Sugar Market.
The lower fructose level of coconut sugar in comparison to other sugars is the major driver for the Organic Coconut Sugar Market.