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Global Coconut Sugar Market: By Nature: Organic, Conventional; By Type: Liquid, Powdered; By Application: Food and Beverage Industry, Cosmetics and Personal Care, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Coconut Sugar Market Outlook
The global coconut sugar market is likely to grow at a CAGR of about 6.89% in the forecast period of 2023-2028, driven by the increasing application in the food and beverage industry.
Asia Pacific and North America to be Significant Regional Markets for Coconut Sugar
Asia Pacific is expected to be one of the largest producers of coconut sugar owing to abundant raw material availability and a rise in disposable income. Due to the greater availability of raw materials, the region produces a lot of coconut sugar. With the increased demand in the international market, product prices are expected to rise over the forecast period. The rising prevalence of diabetes and the rapid advancement of technology will together contribute to the market's growth in the Asia Pacific region. The rapid rise in the food and beverage industry and cosmetics industry in countries including India, Korea, and China, is expected to positively impact the industry growth over the forecast period.
Over the forecast period, the market in North America is also expected to increase at a significant rate. This is due to the presence of major food companies, like Tyson Foods and PepsiCo and the rising health issues, like obesity and diabetes in the region due to unhealthy or inadequate eating habits. The increase in snack consumption and snacking between the meal trends rise in organic and clean-label food consumption trends, especially in the United States, has increased the sales performance of coconut sugar, therefore anticipated to drive the regional market growth.
Market Segmentations
Coconut sugar is a natural sugar made from the sap of the coconut palm tree, and it contains a large amount of zinc, iron, magnesium, and potassium. They are commonly used in sweeteners and as a table sugar substitute and are especially good for people who have blood sugar problems.
By nature, the market includes:
- Organic
- Conventional
Based on type, the market is segmented into:
- Liquid
- Powdered
The significant applications of the market are:
- Food and Beverage Industry
- Cosmetics and Personal Care
- Others
The regional markets for the coconut sugar industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Increasing Application in the Food and Beverage Industry Augmenting the Market Growth
The global market is predicted to increase significantly with the expanding use of coconut sugar in the food and beverage industry. Over the forecast period, rising demand for the product to substitute traditional sweeteners, such as cane sugar, is expected to drive industry growth. Compared to cane sugar and honey, the product has a lower glycemic index, which means it lowers the possibility of rising blood sugar levels. Over the next few years, rising demand for it to replace cane sugar in beverages like tea and coffee is likely to open new opportunities for the business. Increasing demand for the product for the manufacturing of various skin care products, such as body scrubs, shaving gels, and face and body creams, is anticipated to drive market growth over the projected period. In addition, the growth of the FMCG industry coupled with growing consumer demand for herbal skin and hair care products is expected to impact the growth positively. Also, the rising prevalence of diabetes, especially among the middle-aged population, is expected to increase the demand for coconut sugar over the projected period. Growing consumer awareness of health and rising demand for plant-derived products is likely to positively impact industry growth.
Key Players in the Global Coconut Sugar Market
The report gives a detailed analysis of the following key players in the global coconut sugar industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Coconut Company
- Big Tree Farms
- PT. Coco Sugar Indonesia.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
|
| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Coconut Sugar Market Analysis
8.1 Key Industry Highlights
8.2 Global Coconut Sugar Historical Market (2018-2022)
8.3 Global Coconut Sugar Market Forecast (2023-2028)
8.4 Global Coconut Sugar Market by Nature
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Coconut Sugar Market by Type
8.5.1 Liquid
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Powdered
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Coconut Sugar Market by Application
8.6.1 Food and Beverage Industry
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Cosmetics and Personal Care
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Coconut Sugar Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Coconut Sugar Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Coconut Sugar Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Coconut Sugar Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Coconut Sugar Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Coconut Sugar Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 The Coconut Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Big Tree Farms
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 PT. Coco Sugar Indonesia.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Others
18 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Coconut Sugar Market: Key Industry Highlights, 2018 and 2028
2. Global Coconut Sugar Historical Market: Breakup by Nature (USD Million), 2018-2022
3. Global Coconut Sugar Market Forecast: Breakup by Nature (USD Million), 2023-2028
4. Global Coconut Sugar Historical Market: Breakup by Type (USD Million), 2018-2022
5. Global Coconut Sugar Market Forecast: Breakup by Type (USD Million), 2023-2028
6. Global Coconut Sugar Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Coconut Sugar Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Coconut Sugar Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Coconut Sugar Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Coconut Sugar Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Coconut Sugar Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Coconut Sugar Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Coconut Sugar Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Coconut Sugar Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Coconut Sugar Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Coconut Sugar Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Coconut Sugar Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Coconut Sugar Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Coconut Sugar Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Coconut Sugar Market Structure
Key Questions Answered in the Report
The global coconut sugar market is projected to grow at a CAGR of 6.89% between 2023 and 2028.
The major drivers of the market include the increase in snack consumption, rise in organic and clean-label food consumption trends, rising demand for it to replace cane sugar in beverages, growing consumer demand for herbal skin and hair care products, rising prevalence of diabetes, and growing consumer awareness of health.
The expanding use of coconut sugar in the food and beverage industry and the increasing demand for the product for the manufacturing of various skincare products are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on nature, the market can be segmented into organic and conventional.
The different types of coconut sugars in the market are liquid and powdered.
The significant applications of the market are the food and beverage industry, cosmetics and personal care, among others.
The major players in the industry are The Coconut Company, Big Tree Farms, and PT. Coco Sugar Indonesia., among others.
Analyst Review
The global coconut sugar market was driven by the expanding use of coconut sugar in the food and beverage industry in the historical period. Aided by the rising prevalence of diabetes and increasing demand for the product for the manufacturing of various skin care products, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 6.89%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on nature, the market can be segmented into organic and conventional. The different types of coconut sugars in the market are liquid and powdered. The significant applications of the market are the food and beverage industry, cosmetics and personal care, among others. The major regional markets for coconut sugar are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the coconut sugar market are The Coconut Company, Big Tree Farms, and PT. Coco Sugar Indonesia., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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