Organic Coconut Sugar Key Market Players by Regional Growth, and Forecast to 2030
Organic
Coconut Sugar Market Overview:
The global organic coconut sugar market
can gain better market penetration with 5.98% CAGR and USD of 0.67 billion by
2032.
Coconut sugar can be described as a natural
sweetener. This can be sourced from the cut flower buds that are found in
coconut palm trees. If the coconut sugar is obtained by following organic
methods then it can beat the normal table sugars in terms of health benefits.
Organic coconut sugar is enriched with micronutrients like polyphenols,
flavonoids, antioxidants, and others. Market Research Future (MRFR) claims that
the potential of the market to outperform regular sugar can also count its
impact on diabetic patients as a positive influencer. It can be used in the
bakery industry as well, which is getting high traction in countries from North
American and European regions. People growing aware of the product can also
make sure that the organic
coconut sugar market gains better percolation in the coming years.
Competitive Landscape:
Companies making significant changes in the
global organic coconut sugar market can be segmented on the basis of their
intense market contribution and global market penetration through various
strategies they are developing to solidify their own footsteps. These companies
are Big Tree Farms (US), Coco Sugar Indonesia (Indonesia), PT Holos Integra
(Indonesia), The Coconut Company Ltd. (UK), Saudi Food Ingredients Factory
(Saudi Arabia)Los Ricos Compania Corporation (Philippines), Celebes Coconut
Corporation (Philippines), Earth Circle Organics LLC (US), Tardo Filipinas
Incorporated (Philippines), Ecobuddy Group (India), SunOpta Inc. (Canada), CV.
India Sourcing (India), Madhava Ltd. (US), Coco Natura (Philippines), and
Singabera, PT Mega Inovasi Organik (Indonesia). MRFR profiled them and tracked
their recent moves to understand how well the market is placed.
Segmentation:
The global report covering organic coconut
sugar market is based on a segmentation that includes form and distribution
channels. These segments are further backed by various market data regarding
volume-wise and value-based collections.
By form, the global market report on the
organic coconut sugar claims an inclusion of powder, granular, and others. The
powder segment is witnessing growth on a substantial scale.
By distribution channel, the market for
organic coconut sugar can be established upon segments like store-based and
non-store-based. The store-based segment is covered in detail and has grip over
supermarkets & hypermarkets, convenience stores, and others. The supermarkets
& hypermarkets segment has a better chance for growth due to its easy
presentation of various brands under one section that creates better chance for
choosing.
Regional Analysis:
The organic
coconut sugar market in North American is showing possibilities for
substantial growth in the regional market owing to its easy availability in the
market, high inclination towards a healthier lifestyle, better product
awareness, improved disposable income, Enriched production technologies due to
better inclusion of technologies, and others. Among major countries, the US and
Canada can make notable contributions to the regional market. Better health
awareness and rising diabetic population can also ensure strong growth for the
market.
The Asia Pacific region is slated to make a
strong impact with the highest CAGR during the forecast period. The regional
change in lifestyle, better health awareness, and a hike in per capita income
are major traction providers for the regional market. On the other hand, this
growth can be substantiated by improved exposure to non-store-based sales
through e-commerce. Rapid urbanization can also ensure better growth in the
market for organic coconut sugar industry. Countries from the region are
well-exposed to various benefits of the product and are also known for high
production rate of coconuts.
Industry News
In September 2019, Caveman Foods announced
the launching of three new flavors under its brand Grain-Free Granola. All
these types would contain organic coconut sugar to make them more appealing for
people with a health concern.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
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New York 10013, United States of America
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