About Coconut Sugar
Coconut Sugar is a natural sweetener produced from the sap of cut flower buds of coconuts. It acts as a beneficial substitute to conventional table sugar as it has high mineral content, a rich source of potassium, magnesium, zinc and iron. Moreover, coconut sugar is healthier than table sugar for diabetic patients and consumers suffering from health problems related to blood sugar. Coconut sugar market witnesses a significant growth due to its nutritional attributes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Filipino Vendors will contribute the maximum growth to Global Coconut Sugar 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.
Coco Sugar Indonesia (Indonesia), Bigtreefarms (United States), The Coconut Company Ltd (United Kingdom), Saudi Food Ingredients Factory (Saudi Arabia), Holos Integra (Indonesia), Celebes Coconut Corporation (Philippines), Earth Circle Organics (United States), ADON Exports (India) and Los Ricos Compania Corporation (Philippines) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ecobuddy (India), Franklin Baker (United States), Madhava Sweeteners (United States), TARDO Filipinas Inc. (Philippines) and Urmatt (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global Coconut Sugar market by , Application (Confectionary, Beverages, Food Products, Cosmetics and Others) and Region.
On the basis of application, Food Products segment is dominating the market in the year 2023 where as Beverages segment stood as second largest market .On the basis of geography, the market of Coconut Sugar 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). Asia Pacific region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Direct sales will boost the Coconut Sugar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Fine powdered will boost the Coconut Sugar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nutrient Type, the sub-segment i.e. Minerals will boost the Coconut Sugar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for the product for manufacturing various skin care products and Demand for natural ingredients is growing
Market Growth Drivers:
Rising health concerns and increasing awareness regarding healthy eating habits and Increasing application in food & beverage and cosmetics industry
Challenges:
Lack of awareness about the product in developing economies
Restraints:
It has a lower glycemic index as compared to cane sugar and honey which reduces the chances of sugar level rise in the bloodstream
Opportunities:
Rising demand for coconut sugar in beverages like tea and coffee to replace cane sugar
In April 2023, Guittard Chocolate Launched New Line of Alternative Sugar Chocolates. The keto- and paleo-friendly line includes a new innovative baking chip sweetened with organic coconut sugar, in addition to a reimagined Guittard 100% cacao chocolate chip that celebrates cacao’s naturally bold character.
A high intensity sweetener is regulated as a food additive, unless its use as a sweetener is generally recognized as safe (GRAS). The use of a food additive must undergo premarket review and approval by FDA before it can be used in food. In contrast, use of a GRAS substance does not require premarket approval. Rather, the basis for a GRAS determination based on scientific procedures is that experts qualified by scientific training and experience to evaluate its safety conclude, based on publically available
Key Target Audience
Coconut Sugar Manufacturers, Food & Healthcare Industry, Retailers, Wholesalers, E-commerce Companies and Traders, Importers and Exporters
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.