Coconut sugar market size – Coconut sugar is one the sweetener that has been used by most of people around the world, especially in Southeast Asia. People use this kind of sugar because it has many potential benefits for body health.
Furthermore, if we compare it to another kind of sugar, such as cane sugar, maple syrup, and date sugar, coconut sugar is still better. The reason is because coconut sugar has a low glycemic index, nutrient content is relatively high, and unrefined.
By considering those facts about coconut sugar, this article will share coconut sugar market size, share, and trends analysis report. It will inform the potential growth of coconut sugar market in the next years.
What is the Dynamics of Organic Coconut Sugar Market?
Coco sap sugar, coconut palm sugar, coco sugar, and coconut blossom sugar are all names for coconut sugar. It is made from the sap of the flower bud stem and is regarded as a healthier alternative to refined sugar.
Coconut sugar is thought to be the most environmentally friendly, beneficial, and healthy alternative. It also contains more minerals and vitamins. The global coconut sugar market can grow significantly over the forecast period. It depends on application in the food and beverage sector, including snacks, chocolate confectionery, and breakfast cereals.
Furthermore, the beneficial requirement for beverages like coffee and tea as cane sugar substitutes will create a potential opportunity for industry growth. Besides, rising demand from the personal care sector for skin and personal care products such as shaving gels, body scrubs, face creams, and body creamscan drive market growth during the forecast period.
On the other hand, the target market is expected to benefit from increased demand for bio-based cosmetics. Furthermore, the rising prevalence of obesity, chronic diseases such as diabetes, heart disease, and other health-related issues is expected to drive up demand for coconut sugar during the forecast period.
According to a World Health Organization (WHO) report, the total number of diabetes-related deaths in 2016 was 1.6 million. According to a 2017 report published by the Centers for Disease Control and Prevention, coronary heart disease is one of the most common heart diseases, accounting for approximately 370,000 deaths each year.
What is the Valuation of Coconut Sugar Market Size?
While the aforementioned data is concerning, it is a positive factor fueling the growth of the coconut sugar market. It has a global market size of $1.2 billion to $1.7 billion in 2018 according to IndustryARC’s business intelligence report.
Furthermore, the analyst forecasts that the coconut sugar market will grow at a remarkable CAGR of 5% to 6% between 2019 and 2025.
Coconut sugar is healthier than refined sugar because it has a lower glycemic index, more electrolytes, and less fructose, which causes a variety of health problems. Because of this benefit, it is replacing refined sugar, resulting in a steady increase in the global coconut sugar market revenue.
Coconut Sugar Share and Trends Analysis Reports
The coconut sugar companies covered in this market research report
The market for coconut sugar is moderately fragmented. This coconut sugar industry analysis report will assist clients in identifying and designing new growth strategies by providing a comprehensive analysis of the market’s competitive landscape as well as information on the products offered by the companies.
The report provides a comprehensive analysis of several companies, including:
- Celebes Coconut Corporation
- Coco Sugar Indonesia
- NOW Foods
Coconut sugar market segmentation based on geographic regions
According to a global coconut sugar market analysis, the APAC region will hold the majority of the coconut sugar market share until the end of the forecast period. Over the forecast period, the Americas will experience the most incremental growth.
On the other hand, demand for coconut products such as coco sugar is increasing in European countries, particularly in the food and beverage sectors. This is primarily due to the region’s shift toward organic food products. As a result the expected to expand the European coconut sugar market.
Coconut sugar market segmentation based on products
- Organic coconut sugar
- Inorganic coconut sugar
During the forecast period, the organic coconut sugar segment will dominate the coconut sugar market share. This segment will also account for the most growth in the coconut sugar market. Furthermore, the report provides an accurate forecast of the contribution of all product segments to the growth of the coconut sugar market size.
Coconut sugar market segmentation based on anti-aging quality
Coconut sugar contains amino acids that aid in the production of collagen in the skin, making it an excellent anti-aging ingredient. According to United Nations projections, the global population of people over the age of 60 was 962 million in 2017.
Furthermore, the organization predicts that the population in 2050 will be double that of 2015. This means that a large number of people will experience skin problems due to aging during the forecast period of 2019-2023.
Companies producing coconut sugar will capitalize on this. It is as well as the fact that increasing urbanization has resulted in an increase in disposable income. As a result, people between the ages of 40 and 50 are more likely to use coconut sugar as a skincare product.
Key highlights of the global coconut sugar market for the forecast years 2019-2023:
- Market CAGR during the forecast period 2019-2023
- Detailed information on the factors that will drive the coconut sugar market’s growth over the next five years.
- Exact estimation of the size of the global coconut sugar market and its contribution to the parent market
- Accurate forecasts of future trends and changes in consumer behavior
- The expansion of the coconut sugar industry in the Americas, Asia, and Europe.
- A comprehensive analysis of the market’s competitive landscape, as well as detailed information on several vendors
- Complete information on the factors that will impede the growth of coconut sugar companies.
Those are the description of coconut sugar market size, share, and trends analysis report in 2019-2023. It proves that most of people use coconut sugar. Besides, coconut sugar takes parts in people life because its potential benefits and nutrient contents.