The Global Coconut Sugar Market is expected to grow positively due to the factors such as increasing awareness among the population for healthy eating habits, and increased consumption of dietary fibres.
Coconut sugar, also known as coconut palm sugar is a natural sugar made from sap of coconut plant. Coconut sugar retains nutrients such as Iron, Zinc, Calcium and Potassium, some short chain fatty acids, polyphenols and antioxidants found in the coconut palm while offering health benefits. It is used as an effective alternative to refined sugar and is increasingly being used by health conscious consumers. The demand for coconut sugar has increased over the years owing to not being chemically altered or containing synthetic substances. Coconut sugar ranges relatively low on the Glycemic Index count, ranking 35 on the index as compared to the regular table sugar ranging from 60 to 65.
The increasing application of coconut sugar in food and beverage industry, and rising health concerns drive the growth of the global Coconut Sugar market. There has been increasing awareness among consumers regarding healthy eating habits, which supplement the growth of the coconut sugar market. The increasing consumption of dietary foods and beverages, and growing use of coconut sugar in natural food products across the world also accelerate the coconut sugar market growth. Coconut sugar is increasingly being used as a replacement for traditional sweeteners, which increases its adoption worldwide. Growing demand of coconut sugar for manufacturing of herbal skincare and haircare products supports the growth of the coconut sugar market. Rising demand from emerging economies, increasing consumer awareness, and growing concerns regarding preventive healthcare are factors expected to provide numerous growth opportunities for the coconut sugar market in the coming years.
The global Coconut Sugar market is segmented on the basis of nutrient, application, and geography.
Geographically, the global Coconut Sugar market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, Asia-Pacific is expected to dominate the global coconut sugar market over forecast period. The rising geriatric population in the region, and increasing disposable income drive the coconut sugar market growth. The increasing demand of health products in the region along with increasing awareness regarding the consumption of coconut sugar further supports the coconut sugar market growth. The increasing demand of coconut sugar for cosmetics and growing demand for healthy food and beverages is expected to accelerate the adoption of coconut sugar during the forecast period. Abundance of raw material available in the region along with presence of numerous local players catering to the growing consumer needs has increased the adoption of coconut sugar in the region.
Key players in the global Coconut Sugar market are: