Global Organic Palm Sugar Market Overview
The Organic Palm Sugar Market is estimated to reach USD 1230 million by 2028 and is projected to register a CAGR of 14.6% during the forecast period. Palm sugar is a sweetener that is produced from the sap present in the flower buds of palm trees. Palm sugar is a better sugar alternative to the table sugar as it contains more health benefits owing to the presence of antioxidants, flavonoids, and polyphenols, among others. Palm sugar is generally produced without use of chemicals and is thus preferred over traditional ones. Organic palm sugars are being increasingly preferred globally due to high demand for organic products across the globe. The increasing awareness regarding the negative impact of table sugar on overall health and demand for sugar substitutes have also contributed significantly to the growth of the market. However, concentrated production of raw material and limited awareness regarding the benefits is the major restraining factor for the growth of the market.
Â
SegmentationÂ
The global organic palm sugar market has been segmented based on form, packaging type, distribution channel, and region. Based on form, the global market has been classified as block, granule, and liquid. Based on packaging type, the global market has been classified as bottles & jars and pouches. Based on distribution channel, the global market has been categorized as store-based and non-store-based. The store-based has been further classified as hypermarkets & supermarkets, convenience store, and others. The global market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American organic palm sugar market has further been categorized as the US, Canada, and Mexico. The European organic palm sugar market has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe. The organic palm sugar industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The organic palm sugar industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Â
Key PlayersÂ
The Groovy Food Company Ltd. (UK), Rabiah - Coconut Product (India), Royal Pepper Company (US), Midsona Deutschland GmbH (Germany), Phalada Agro Research Foundations Private Limited (India), Palm Nectar Organics (Indonesia), Coco Sugar Indonesia (Indonesia), Windmill Organics Limited-Biona (UK), Organic Wholefoods Limited (UK), and The Real Co Inc (US) are some of the key players in the global organic palm sugar market.
Â
Recent Trends
Consumers are increasingly concerned about the environmental and social impact of their purchases. This translates to a demand for organic palm sugar produced with sustainable practices and fair trade certifications. Companies like BigTree Farms are known to focus on establishing strong relationships with Southeast Asian farmers, ensuring a stable and ethical supply chain
Â
Regional Market Summary Global Organic Palm Sugar Market Share (%), by Region, 2020 Â Â Â
Â
Source: Secondary Source and MRFR Analysis Asia-Pacific is expected to dominate the organic palm sugar market during the forecast period. Palm sugars are traditionally been used in the region owing to high palm and coconut cultivation in the region. However, North America is anticipated to register the highest CAGR due to the changing lifestyle of people and growing demand for organic products in the region.
Global Organic Palm Sugar Market, by Form
Global Organic Palm Sugar Market, by Packaging type
Global Organic Palm Sugar Market, by Distribution Channel
-
Store-Based
- Hypermarkets & Supermarkets
- Convenience Stores
- Others
Global Organic Palm Sugar Market, by Region
-
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
-
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
-
Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Organic Palm Sugar manufacturers
- Dealers and distributors
- Raw material suppliers and distributors
- Traders, exporters, and importers
|
Report Attribute/Metric
|
Details
|
|
Market Size
|
USD 1230 Million
|
|
CAGR
|
14.6% (2021-2028)
|
|
Base Year
|
2020
|
|
Forecast Period
|
2021-2028
|
|
Historical Data
|
2019
|
|
Forecast Units
|
Value (USD Million)
|
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
|
Segments Covered
|
By Form, By Packaging Type, By Distribution Channel, and By Region
|
|
Geographies Covered
|
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
|
|
Key Vendors
|
The Groovy Food Company Ltd. (UK), Rabiah - Coconut Product (India), Royal Pepper Company (US), Midsona Deutschland GmbH (Germany), Phalada Agro Research Foundations , Private Limited (India), Palm Nectar Organics (Indonesia), Coco Sugar Indonesia (Indonesia)
|
|
Key Market Opportunities
|
Sugar substitutes have also contributed significantly to the growth
|
|
Key Market Drivers
|
High demand for organic products across the globe
|
Organic Palm Sugar Market Highlights:
Frequently Asked Questions (FAQ) :
Organic palm sugar market is projected to grow at an 14.6% CAGR between 2021- 2028.
Asia Pacific is expected to dominate the organic palm sugar market.
Key players profiled in the organic palm sugar market include The Real Co Inc (US), Organic Wholefoods Limited (UK), Windmill Organics Limited-Biona (UK), Coco Sugar Indonesia (Indonesia), Palm Nectar Organics (Indonesia), Phalada Agro Research Foundations Private Limited (India), Midsona Deutschland GmbH (Germany), Royal Pepper Company (US), Rabiah - Coconut Product (India), and The Groovy Food Company Ltd. (UK).
Limited awareness about its benefits and concentrated raw material production may limit the organic palm sugar market growth.
Demand for organic products and need for sugar substitutes are the key factors driving the organic palm sugar market.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
