About Palm Sugar
Palm sugar is natural sweetener derived from Palmyra, Date, Nipa, Sugar and Coconut palm trees. Palm sugar is high in nutrients, vitamins and minerals and healthier than the synthetic sweeteners. It is healthier for diabetic and blood sugar patients. Changing lifestyle standard and growing inclination towards a healthier lifestyle and nutritive diet expected to drive the demand for palm sugar over the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global market for palm sugar is consolidated by key players owing to the demand due to health benefits from palm sugar. To grab a major market share, they will have to increase mergers and innovations for newer demands and changing consumer beverage habits. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Palm 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.
Windmill Organics (United Kingdom), America Key Food Products (United States), Felda Global Ventures (Malaysia), Royal Pepper Company (United States), Navitas Organics (United States), Wholesome Sweeteners (United States), Asana Foods (United States), Organika Health Products (Canada) and Better body Foods & Nutrition (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 Taj Agro Products (India), Big Tree Farms (United States) and Seven Hills Wholefoods (United States).
Segmentation Overview
AMA Research has segmented the market of Global Palm Sugar market by Type (Crystal Palm Sugar, Liquid Palm Sugar, Powder Palm Sugar and Others), Application (Food & Beverage, Food Service, Household and Others) and Region.
On the basis of geography, the market of Palm 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). If we see Market by Distribution Channel, the sub-segment i.e. Online Retail will boost the Palm Sugar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Palm Sugar Market Dynamics:
Attributes | Details |
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Growth Drivers | - Healthier for Diabetic and Blood Sugar patients
- Increasing Awareness about Health Benefit from Palm Sugar
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Influencing Trends | - Growing Preference for Nutritional Products
- Rising Demand of Natural Sweeteners
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Restraints | - Stringent Government Regulations Regarding Food Products
- Lack of Awareness in the Emerging Economies
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Road Blocks / Challenges | - Availability of Artificial sweeteners
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Gaps & Opportunities | - Increasing Inclination towards Low Calorie Food
- Increasing Demand of confectionery food
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Market Leaders and their expansionary development strategies
Organika Health Products Introduces Organic Coconut Palm Sugar. Organika demonstrates its integrity in their new product, USDA Certified Organic Coconut Palm Sugar. A vegan, gluten-free, premium sustainable food, Organic Coconut Palm Sugar is the definition of the sweeter side of health food.
According to the CBI Ministry of Foreign Affair, Palm sugar from the Palmyra palm contains protein (1.04%), fat (0.19%), sucrose (76.86%), glucose (1.66%), minerals (3.15%), e.g. calcium, phosphor, iron, and copper. Compared to conventional sugar, which mostly consists of sucrose, it has more components. As palm sugar also contains fructose (3 – 9%) and molasses, it is more difficult to process than conventional sugars
Key Target Audience
Palm Sugar Manufacturers, Food & Beverages Industry, Retailers, Wholesalers, E-commerce Companies, Traders, Importers and Exporters, Business Entities, Government Bodies, Business Research and consulting Firms 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.