Coconut sugar is a natural sweetener or healthy sugar which is manufactured from dried nectar of flowers grown on top of coconut palm trees. The whole operation is natural and organic, which inhibits the installation of any chemical or synthetic substances. This nutritional ingredient has gained tremendous attention from the F&B sector. The coconut sugar market players are leveraging the fact that their products are preferred over the traditional sugar owing to its impeccable nutritional values. Rich mineral content including iron, magnesium, potassium, and vitamins including B6, B2, B1, and B3 has tapped tremendous opportunities of application in various flourishing industries such as food and beverages, pharmaceutical, personal care, and cosmetics.
As per the future outlook foreseen by the IndustryARC’s business intelligence report, titled “Coconut Sugar Market: Applications (Tea, Juice, Bakery, Food Seasoner, Confectionery), Nutrient (Minerals, Vitamins, Phytonutrients) & Region - Forecast (2018- 2023),” the market is poised for exponential growth owing to the increasing consumption of organic based products worldwide.
Browse 40 Market Tables, 175 Figures spread through 144 slides and an in-depth TOC on “Coconut Sugar Market (2018 - 2023)”
Global Coconut Sugar Market: Disruptive Trends
- Increasing health consciousness and interest in healthier lifestyle among the urban population is driving the coconut sugar market. Deterring health and growing cases of diabetes and obesity has led towards the preference of nutrition from natural sources and demand for food and beverages with low fat and calorie content. Sugar derived from coconut plants are relevant to such demands. They are an effective and healthy replacement of traditional sweeteners like cane sugar and honey in F&B industry and its sub-segments such as bakery, tea and coffee, and sauces.
- Rapid urbanization has led towards exceptional increase in disposable income. Personal care and cosmetics is the one sector very positively influenced by the mentioned phenomenon. Demand for herbal skincare and hair-care products is affecting the coconut sugar market growth. Coconut sugar is loaded with zinc, iron, and amino acid, which are very useful for skin care as they are employed in the manufacturing of body scrubs, shaving gels, face and body creams and so on. Amino acids are very effective anti-aging ingredients.
- Coconut sugar, also known as coconut palm sugar, is useful for the pharmaceutical sector owing to its medicinal values. The products has lower glycemic index compared to cane sugar and honey which is affective in depleting the chances of sugar level rise. Coconut sugar is also prescribed by medical experts to control diabetes as it contains micronutrients such as antioxidants, flavonoids, polyphenols, and others.
- Economical-agricultural operations are also boosting the coconut sugar market towards significant growth. As per a leading industry player Big Tree Farms, coconut palms produce more than 50% to 70% of coconut sugar per acre in comparison to sugar cane on average with lesser water requirements.
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Abundance of Raw Materials Determining Asia-Pacific as a Fruitful Region
Asia-Pacific dominates the coconut sugar market owing to its topographical and climatic conditions which influence production. As per IndustryARC’s market research report, Thailand, Philippines, and Indonesia are the major global producers accounting for more than three-fourths of global production. Products from this region have high demand in the International F&B and cosmetics markets of Canada, Norway, Australia, and others. Rapidly flourishing F&B and cosmetics industry in India, China, and Korea is driving the market size positively towards progression inclined by such mega-production.
North America coconut sugar market influenced by urbanization is estimated to lead the regional segment in the approaching years owing to the high demand for natural food & beverage additives and herbal cosmetics applications. The U.S coconut sugar market is growing rapidly due to the prevalence of diabetes and adaptation of coconut sugar as natural sweetener among the majority. As per the market analysis, cumulative health-conscious population concerned about nutritional values is affecting the market demand along with aged population consuming alternatives for sugar.
To engage the consumer's variety of products are regularly launched in the market by key players like Saudi Food Ingredients Factory, Earth Circle Organics, Los Ricos Compania Corporation, Ecobuddy.
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Major population is adopting a healthier lifestyle which is leading to an influx of investments. Increasing consumption of coconut sugar owing to its high demand in the food and beverages sector particularly, is forecast to propel the industry. It is also to be noted that the sector is growing and there are numerous untapped markets worldwide full of opportunities.
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