The global coconut sugar market was valued at $243.4 million in 2021, and is projected to reach $408.7 million by 2031, registering a CAGR of 5.5%. Asia-Pacific was the highest revenue contributor, and is estimated to reach $250.9 million by 2031, with a CAGR of 5.6%.
Coconut sugar is a great anti-aging substance since it contains amino acids, which are important for the skin's collagen formation. Now, 962 million individuals over 60 were estimated to be living worldwide in 2017 based on forecasts made by the United Nations. Additionally, according to the group, the population will double from 2015 to 2050. This implies that, between 2019 and 2025, a large number of customers will experience skin problems related to aging. The businesses that make coconut sugar will take advantage of this as well as the fact that expanding urbanization has increased disposable income. Therefore, those between the ages of 40 and 50 are more likely to utilize coconut sugar as a skincare ingredient. Thus, such factors are fuelling the growth of the market.
However, there are many substitutes such as maple syrup, corn syrup, chocolate syrup, honey, molasses, agave nectar, coconut sugar and others available in the market, which are popular and have a better customer base. This is a major restraint for the growth of the date syrup market. Maple syrup is one of the most common and popular syrups or natural sugar substitutes preferred by the consumers owing to its natural sweetness obtained from the maple tree. Also chocolate syrup and honey are the most common sweeteners which are used and available in most of the households, where honey is rich in antioxidants. Therefore, substitutes of date syrup have a strong customer base in the market, which limits the demand for date syrup in the market.
Compared to organic to pure sweeteners and nectar, it has a lower glycemic index. It thus reduces the rise in blood sugar levels in the circulatory system. This prevents the circulatory system's blood sugar from rising. Due to factors such as expanding demand for dairy substitutes, the popularity of Asian cuisine, and possible medical advantages of the industry, the market is predicted to expand throughout the forecast period. Additionally, the market is being driven by extensive use of lactose intolerance in the food and beverage industries as well as the rising prevalence of lactose intolerance among the general population. As the need for organic sweeteners to produce goods for healthy skin, such as body washes, shaving gels, and face and body creams, rises, the market will expand throughout the predicted period. In the market for organic coconut sugar, the treatment of coconut palm is addressed. As a result, it is gaining popularity with customers who are concerned about their health.
The coconut sugar market is segmented into form, end user, application, sales channel, and region. On the basis of form, the market is categorized into organic coconut sugar and conventional coconut sugar. On the basis of end user, the market is bifurcated into commercial and residential. On the basis of application, the market is categorized into food & beverage, cosmetic and personal care products. Based on sales channel, it is fragmented into supermarket/hypermarket, specialty stores, online sales channel and business to business. Region-wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
The players operating in the global coconut sugar market have adopted various developmental strategies including but not limited to product launch, geographical expansion and acquisitions to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the coconut sugar market include The Coconut Company (UK) Ltd, The Divine Foods, Franklin Baker, Coco Sugar Indonesia, Big Tree Farm, NOW Foods, Nutiva Inc, Madhava Ltd., AGRIM PTE LTD, Tradin Organic Agriculture B. V., Koperasi Nirasatria, Singabera, Treelife, Groovy Food Company Ltd, Connecticut Coconut Company, Betterbody Foods, and Wholesome Sweetener Inc.
Coconut sugar is a great anti-aging substance since it contains amino acids, which are important for the skin's collagen formation. Now, 962 million individuals over 60 were estimated to be living worldwide in 2017 based on forecasts made by the United Nations. Additionally, according to the group, the population will double from 2015 to 2050. This implies that, between 2019 and 2025, a large number of customers will experience skin problems related to aging. The businesses that make coconut sugar will take advantage of this as well as the fact that expanding urbanization has increased disposable income. Therefore, those between the ages of 40 and 50 are more likely to utilize coconut sugar as a skincare ingredient. Thus, such factors are fuelling the growth of the market.
However, there are many substitutes such as maple syrup, corn syrup, chocolate syrup, honey, molasses, agave nectar, coconut sugar and others available in the market, which are popular and have a better customer base. This is a major restraint for the growth of the date syrup market. Maple syrup is one of the most common and popular syrups or natural sugar substitutes preferred by the consumers owing to its natural sweetness obtained from the maple tree. Also chocolate syrup and honey are the most common sweeteners which are used and available in most of the households, where honey is rich in antioxidants. Therefore, substitutes of date syrup have a strong customer base in the market, which limits the demand for date syrup in the market.
Compared to organic to pure sweeteners and nectar, it has a lower glycemic index. It thus reduces the rise in blood sugar levels in the circulatory system. This prevents the circulatory system's blood sugar from rising. Due to factors such as expanding demand for dairy substitutes, the popularity of Asian cuisine, and possible medical advantages of the industry, the market is predicted to expand throughout the forecast period. Additionally, the market is being driven by extensive use of lactose intolerance in the food and beverage industries as well as the rising prevalence of lactose intolerance among the general population. As the need for organic sweeteners to produce goods for healthy skin, such as body washes, shaving gels, and face and body creams, rises, the market will expand throughout the predicted period. In the market for organic coconut sugar, the treatment of coconut palm is addressed. As a result, it is gaining popularity with customers who are concerned about their health.
The coconut sugar market is segmented into form, end user, application, sales channel, and region. On the basis of form, the market is categorized into organic coconut sugar and conventional coconut sugar. On the basis of end user, the market is bifurcated into commercial and residential. On the basis of application, the market is categorized into food & beverage, cosmetic and personal care products. Based on sales channel, it is fragmented into supermarket/hypermarket, specialty stores, online sales channel and business to business. Region-wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
The players operating in the global coconut sugar market have adopted various developmental strategies including but not limited to product launch, geographical expansion and acquisitions to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the coconut sugar market include The Coconut Company (UK) Ltd, The Divine Foods, Franklin Baker, Coco Sugar Indonesia, Big Tree Farm, NOW Foods, Nutiva Inc, Madhava Ltd., AGRIM PTE LTD, Tradin Organic Agriculture B. V., Koperasi Nirasatria, Singabera, Treelife, Groovy Food Company Ltd, Connecticut Coconut Company, Betterbody Foods, and Wholesome Sweetener Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the coconut sugar market analysis from 2021 to 2031 to identify the prevailing coconut sugar market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the coconut sugar market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global coconut sugar market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Food and Beverage
- Cosmetics
- Personal Care
By Sales Channel
- Hypermarkets
- Specialty Stores
- E-Commerce
- Business to Business
By Form
- Organic
- Conventional
By End User
- Commercial
- Residential
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- New Zealand
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest Of LAMEA
Key Market Players
- Big Tree Farms
- The Coconut Company Ltd
- Marico Ltd
- Vita Coco
- PT coco sugar Indonesia
- Tree Life
- Madav Ltd
- Celebs Coconut Corporation
- Amala Earth
- Brio Feed
- Cocosugar
- betterbody foods & nutrition
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: COCONUT SUGAR MARKET, BY FORM
4.1 Overview
4.1.1 Market size and forecast
4.2 Organic
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Conventional
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: COCONUT SUGAR MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Commercial
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Residential
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: COCONUT SUGAR MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Food and Beverage
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Cosmetics
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Personal Care
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: COCONUT SUGAR MARKET, BY SALES CHANNEL
7.1 Overview
7.1.1 Market size and forecast
7.2 Hypermarkets
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Specialty Stores
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 E-Commerce
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Business to Business
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
CHAPTER 8: COCONUT SUGAR MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Form
8.2.3 North America Market size and forecast, by End User
8.2.4 North America Market size and forecast, by Application
8.2.5 North America Market size and forecast, by Sales Channel
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Form
8.2.6.1.2 Market size and forecast, by End User
8.2.6.1.3 Market size and forecast, by Application
8.2.6.1.4 Market size and forecast, by Sales Channel
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Form
8.2.6.2.2 Market size and forecast, by End User
8.2.6.2.3 Market size and forecast, by Application
8.2.6.2.4 Market size and forecast, by Sales Channel
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Form
8.2.6.3.2 Market size and forecast, by End User
8.2.6.3.3 Market size and forecast, by Application
8.2.6.3.4 Market size and forecast, by Sales Channel
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Form
8.3.3 Europe Market size and forecast, by End User
8.3.4 Europe Market size and forecast, by Application
8.3.5 Europe Market size and forecast, by Sales Channel
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Form
8.3.6.1.2 Market size and forecast, by End User
8.3.6.1.3 Market size and forecast, by Application
8.3.6.1.4 Market size and forecast, by Sales Channel
8.3.6.2 UK
8.3.6.2.1 Market size and forecast, by Form
8.3.6.2.2 Market size and forecast, by End User
8.3.6.2.3 Market size and forecast, by Application
8.3.6.2.4 Market size and forecast, by Sales Channel
8.3.6.3 France
8.3.6.3.1 Market size and forecast, by Form
8.3.6.3.2 Market size and forecast, by End User
8.3.6.3.3 Market size and forecast, by Application
8.3.6.3.4 Market size and forecast, by Sales Channel
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Form
8.3.6.4.2 Market size and forecast, by End User
8.3.6.4.3 Market size and forecast, by Application
8.3.6.4.4 Market size and forecast, by Sales Channel
8.3.6.5 Spain
8.3.6.5.1 Market size and forecast, by Form
8.3.6.5.2 Market size and forecast, by End User
8.3.6.5.3 Market size and forecast, by Application
8.3.6.5.4 Market size and forecast, by Sales Channel
8.3.6.6 Russia
8.3.6.6.1 Market size and forecast, by Form
8.3.6.6.2 Market size and forecast, by End User
8.3.6.6.3 Market size and forecast, by Application
8.3.6.6.4 Market size and forecast, by Sales Channel
8.3.6.7 Rest of Europe
8.3.6.7.1 Market size and forecast, by Form
8.3.6.7.2 Market size and forecast, by End User
8.3.6.7.3 Market size and forecast, by Application
8.3.6.7.4 Market size and forecast, by Sales Channel
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Form
8.4.3 Asia-Pacific Market size and forecast, by End User
8.4.4 Asia-Pacific Market size and forecast, by Application
8.4.5 Asia-Pacific Market size and forecast, by Sales Channel
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Form
8.4.6.1.2 Market size and forecast, by End User
8.4.6.1.3 Market size and forecast, by Application
8.4.6.1.4 Market size and forecast, by Sales Channel
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Form
8.4.6.2.2 Market size and forecast, by End User
8.4.6.2.3 Market size and forecast, by Application
8.4.6.2.4 Market size and forecast, by Sales Channel
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Form
8.4.6.3.2 Market size and forecast, by End User
8.4.6.3.3 Market size and forecast, by Application
8.4.6.3.4 Market size and forecast, by Sales Channel
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Form
8.4.6.4.2 Market size and forecast, by End User
8.4.6.4.3 Market size and forecast, by Application
8.4.6.4.4 Market size and forecast, by Sales Channel
8.4.6.5 Australia
8.4.6.5.1 Market size and forecast, by Form
8.4.6.5.2 Market size and forecast, by End User
8.4.6.5.3 Market size and forecast, by Application
8.4.6.5.4 Market size and forecast, by Sales Channel
8.4.6.6 Singapore
8.4.6.6.1 Market size and forecast, by Form
8.4.6.6.2 Market size and forecast, by End User
8.4.6.6.3 Market size and forecast, by Application
8.4.6.6.4 Market size and forecast, by Sales Channel
8.4.6.7 New Zealand
8.4.6.7.1 Market size and forecast, by Form
8.4.6.7.2 Market size and forecast, by End User
8.4.6.7.3 Market size and forecast, by Application
8.4.6.7.4 Market size and forecast, by Sales Channel
8.4.6.8 Rest of Asia-Pacific
8.4.6.8.1 Market size and forecast, by Form
8.4.6.8.2 Market size and forecast, by End User
8.4.6.8.3 Market size and forecast, by Application
8.4.6.8.4 Market size and forecast, by Sales Channel
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Form
8.5.3 LAMEA Market size and forecast, by End User
8.5.4 LAMEA Market size and forecast, by Application
8.5.5 LAMEA Market size and forecast, by Sales Channel
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Form
8.5.6.1.2 Market size and forecast, by End User
8.5.6.1.3 Market size and forecast, by Application
8.5.6.1.4 Market size and forecast, by Sales Channel
8.5.6.2 Argentina
8.5.6.2.1 Market size and forecast, by Form
8.5.6.2.2 Market size and forecast, by End User
8.5.6.2.3 Market size and forecast, by Application
8.5.6.2.4 Market size and forecast, by Sales Channel
8.5.6.3 South Africa
8.5.6.3.1 Market size and forecast, by Form
8.5.6.3.2 Market size and forecast, by End User
8.5.6.3.3 Market size and forecast, by Application
8.5.6.3.4 Market size and forecast, by Sales Channel
8.5.6.4 Saudi Arabia
8.5.6.4.1 Market size and forecast, by Form
8.5.6.4.2 Market size and forecast, by End User
8.5.6.4.3 Market size and forecast, by Application
8.5.6.4.4 Market size and forecast, by Sales Channel
8.5.6.5 United Arab Emirates
8.5.6.5.1 Market size and forecast, by Form
8.5.6.5.2 Market size and forecast, by End User
8.5.6.5.3 Market size and forecast, by Application
8.5.6.5.4 Market size and forecast, by Sales Channel
8.5.6.6 Rest of LAMEA
8.5.6.6.1 Market size and forecast, by Form
8.5.6.6.2 Market size and forecast, by End User
8.5.6.6.3 Market size and forecast, by Application
8.5.6.6.4 Market size and forecast, by Sales Channel
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 Big Tree Farms
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 The Coconut Company Ltd
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Marico Ltd
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Vita Coco
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 PT coco sugar Indonesia
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Tree Life
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Madav Ltd
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Celebs Coconut Corporation
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Amala Earth
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Brio Feed
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Cocosugar
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 betterbody foods & nutrition
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Coconut Sugar Market,' the Coconut Sugar Market Size was valued at $243.40 million in 2021, and is estimated to reach $408.7 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031.One of the leading factors which influence the Coconut Sugar Market Growth include rise in coconut sugar and other coconut byproducts demand in the market due to its efficiency in combating multiple diseases. Coconut sugar has been consumed in many countries and is efficient in obliging in intestinal disorders, cancer, anemia, constipation, bone health, allergies, heart health, bacterial infections, night blindness, intoxication, sexual disorders, and other ailments. The Health benefits of coconut sugar also include prevention of the bacterial growth. In addition, coconut sugar and coconut byproducts are also called medium-chain triglycerides (MCTs). These fatty acids are well-known to decrease the risk for heart disease and control blood cholesterol levels. Lauric acid, the main MCFAs in coconut, has excellent antibacterial, antiviral, antifungal, antimicrobial, and antioxidant properties also called medium-chain triglycerides (MCTs). These fatty acids are well-known to decrease the risk for heart disease and control blood cholesterol levels. Lauric acid, the main MCFAs in coconut, has excellent antibacterial, antiviral, antifungal, antimicrobial, and antioxidant properties.
The demand for coconut-based beverages has been growing in the past, owing to the growth of vegan and health-conscious consumers. These products are primarily prepared from ingredients such as coconut sugar and coconut milk. Players have Coconut Sugar Market Opportunities to manufacture coconut sugar and milk beverages such as refreshment drinks, energy drinks, and milkshakes with enhanced taste and flavor. A new flavor can be added to beverages which leads to product innovation. Food & beverage manufacturers have been investing in R&D to enhance the characteristics, taste, or nutritional value of coconut products and coconut-based food & beverage products. This helps gain consumer attraction with an increased Coconut Sugar Market demand. The new taste and flavor would join new consumers in the coming years.
The coconut sugar market is segmented into form, end user, application, sales channel, and region. On the basis of form, the Coconut Sugar industry is categorized into organic coconut sugar and conventional coconut sugar. On the basis of end-user, the market is bifurcated into commercial and residential. On the basis of application, the market is categorized into food & beverage, cosmetic, and personal care products. Based on sales channel, it is fragmented into supermarket/hypermarket, specialty stores, online sales channels and business-to-business. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
Key findings of the study
By form, conventional coconut sugar is dominant around the globe as the production and availability is higher for this segment. However, organic segment is likely to be the fastest growing segment during the Coconut Sugar Market Forecast period.By end user, the commercial segment dominated the market in 2021, with a CAGR of 5.2%.
Based on application, personal care segment dominated the global market in the year 2021 and is estimated to reach $256.9 million by 2031, with a CAGR of 4.8%. However, cosmetic segment is likely to be the fastest growing segment during the forecast period.
By distribution channel, the business-to-business segment held the maximum Coconut Sugar Market Share in 2021, with a CAGR of 5.2%. However, E-commerce is expected to be the fastest growing segment during the forecast period.
Region-wise, Asia-Pacific dominated the coconut sugar market in 2021, and with a CAGR of 5.6%.
The players operating in the global coconut sugar market have adopted various developmental strategies including but not limited to product launch, geographical expansion and acquisitions to increase their market share, gain profitability, and remain competitive in the market. The key playersincluded in the Coconut Sugar Market Analysis are The Coconut Company (UK) Ltd, The Divine Foods, Franklin Baker, Coco Sugar Indonesia, Big Tree Farm, NOW Foods, Nutiva Inc, Madhava Ltd., AGRIM PTE LTD, Tradin Organic Agriculture B.V., Koperasi Nirasatria, Singabera, Treelife, Groovy Food Company Ltd, Connecticut Coconut Company, Betterbody Foods, and Wholesome Sweetener Inc.
Companies Mentioned
- Big Tree Farms
- the Coconut Company Ltd.
- Marico Ltd.
- Vita Coco
- Pt Coco Sugar Indonesia
- Tree Life
- Madav Ltd.
- Celebs Coconut Corporation
- Amala Earth
- Brio Feed
- Cocosugar
- Betterbody Foods & Nutrition
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 285 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 243.4 million |
| Forecasted Market Value ( USD | $ 408.7 million |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
