About Coconut Syrup
Coconut syrup refers to a sweetener that readies from the nectar of the coconut flowers. The liquid collected from the coconut flower is processed to create coconut syrup that is obtained once removal of wetness. Coconut sweetening is opaque white in look and has the consistency of sirup whereas having a toffee-Esque style and lemonlike sweetness. It is used as an additive with different meals like breakfast foods, Drinks, etc. The rising demand for organic substitutes for food additives is the reason for the increasing demand for coconut syrup.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for coconut syrup is fragmented by the key players owing to the popularity and acceptance of organic additives and healthy food options. The players should focus upon the product development and flavors addition for different foods application like bakery, pharmaceuticals for grabbing bigger market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Coconut Syrup market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Greenlife Coconut Products Philippines Inc. (Philippines), Pure Coco (New Zealand), Treelife Coco Sugar (Philippines), Coconut Secret (United States), Bali Nutra Ltd (United Kingdom), Niulife (Australia), Benevelle Corporation (Philippines), Wholesome Sweeteners Inc. (United States), Wilderness Family Naturals (United States) and Rockwell's Whole Foods (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Honest to Goodness Organic Food & Natural Food (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Coconut Syrup market by , Application (Bakery and Confectionery, Beverages, Dietary Supplements, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Coconut Syrup has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Sweetening will boost the Coconut Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Plastic Bottle will boost the Coconut Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Coconut Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Addition of Newer Flavours and Attractive and Premium Packaging
Market Growth Drivers:
Rise in Inclination of Population Towards the Healthy and Organic Food and Drinks Additives and Rise in Preference for Vegan Diet
Challenges:
Availability of Alternative in Market
Restraints:
Health Hazards on Extra Consumption Like Others Sugar Additives Like Syndrome, Obesity, Diabetes and Heart Disease Hampers the Growth
Opportunities:
Rising Preference for Healthy Sugar Alternatives for Sugar Cane due to its Health Hazards and Rising Popularity for Natural Sweeteners in Bakery & Confectionery Products
Market Leaders and their expansionary development strategies
In 2020, Whole Earth Brands, Inc., acquired Wholesome Sweeteners, Inc., a manufacturer of organic sweeteners. This acquisition will enhance the competitive position of Whole Earth Brands and expand consumers’ access to delicious food additives.
In May 2021, Lionheart Farms, a company based in Rizal, Palawan is encouraging everyone to try its launched newest line of coconut-derived food products, now available at NCCC Malls in Puerto Princesa City and in Lazada.
Key Target Audience
Coconut Syrup Manufacturer, Distributor/Provider, Research Institutes, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.