The Global Coconut Sugar Market size is expected to reach $290.1 million by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
In its simplest form, coconut sugar is an all-natural sweetener derived from the juice of the coconut palm and rich in zinc, iron, magnesium, and potassium. They can replace table sugar and are frequently used in sweeteners, which is great for people who have blood sugar issues.
Increased demand from the natural food business, rising diabetes and obesity rates, and greater use of coconut sugar in numerous skincare products, including scrubs, body creams, and shaving gels, are all driving the market. Furthermore, it is predicted that growing public awareness of coconut sugar's advantages and the popularity of herbal skin and hair care products would open up new market opportunities. Moreover, compared to cane sugar and honey, coconut sugar does have a lower glycemic index. It is consumed over a longer length of time during manufacture, both of which have a big impact on the market's expansion.
The market for coconut sugar is expected to have various development opportunities in the years to come due to the rising demand for sugar-free products brought on by the prevalence of lifestyle disorders like diabetes and obesity. Also, there is now more potential for the coconut sugar market to grow throughout the course of the anticipated period due to the use of coconut sugar in other products, including cosmetics and personal care items.
Coconut sugar, which is a result of coconut palm juice, contains several essential elements like iron, potassium, zinc, and magnesium. The coconut sugar market has seen amazing growth due to the many health benefits that coconut sugar as a natural sweetener offers.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nutiva, Inc., NOW Foods, Inc., The Coconut Company (UK) Ltd., The Divine Foods, Groovy Food Company Ltd., Coco Sugar Indonesia, Big Tree Farms, Inc., Madhava, Ltd., AGRIM PTE Ltd., and Tradin Organic Agriculture B.V. (SunOpta group of companies).
In its simplest form, coconut sugar is an all-natural sweetener derived from the juice of the coconut palm and rich in zinc, iron, magnesium, and potassium. They can replace table sugar and are frequently used in sweeteners, which is great for people who have blood sugar issues.
Increased demand from the natural food business, rising diabetes and obesity rates, and greater use of coconut sugar in numerous skincare products, including scrubs, body creams, and shaving gels, are all driving the market. Furthermore, it is predicted that growing public awareness of coconut sugar's advantages and the popularity of herbal skin and hair care products would open up new market opportunities. Moreover, compared to cane sugar and honey, coconut sugar does have a lower glycemic index. It is consumed over a longer length of time during manufacture, both of which have a big impact on the market's expansion.
The market for coconut sugar is expected to have various development opportunities in the years to come due to the rising demand for sugar-free products brought on by the prevalence of lifestyle disorders like diabetes and obesity. Also, there is now more potential for the coconut sugar market to grow throughout the course of the anticipated period due to the use of coconut sugar in other products, including cosmetics and personal care items.
Coconut sugar, which is a result of coconut palm juice, contains several essential elements like iron, potassium, zinc, and magnesium. The coconut sugar market has seen amazing growth due to the many health benefits that coconut sugar as a natural sweetener offers.
COVID-19 Impact Analysis
Due to the deployment of a worldwide lockdown and the temporary shutdown of coconut sugar facilities, the COVID-19 pandemic outbreak had a detrimental effect on the growth of the coconut sugar market. Curfew laws had an impact on both domestic and foreign manufacturing of coconut sugar products, which hindered the expansion of the market as a whole. This also affected the market for raw materials such coconut sugar. The trend is anticipated to continue in the upcoming years, supporting market expansion over the projection period.Market Growth Factors
Increased usage of coconut sugar in whey protein and superfoods
Certain businesses that produce healthy cake products typically utilize coconut sugar as one of their sweeteners to make their goods feel more natural & healthy. Coconut sugar exporters are profiting from significant changes in the food industry, such as the rising popularity of vegan and natural products. The demand for coconut sugar is rising due to these trends. The main corporations are investing to meet the rising interest in organic food in Europe and the United States. In addition, the market for coconut sugar is anticipated to expand due to the increased use of coconut sugar in whey protein and superfoods.Rising demand for vegan products
One of the main factors influencing market demand is the rising consumer understanding of the benefits of a vegan diet. The food and beverage business is one place where coconut sugar is being used more and more. Because coconut sugar is regarded as a vegan substitute for conventional sugar, its demand is anticipated to rise. Also seen as a signal of quality, organic certification raises the perceived legitimacy of coconut sugar in the marketplace. Coconut sugar exporters from underdeveloped nations are seeking accreditation. They are focusing on the organic market because the premium there can be supported. Due to this, it is predicted that the coconut sugar market will experience rapid expansion in the next years.
Market Restraining Factors
Sourcing of tender coconut a challenge to the market growth
The age of coconut trees is a significant obstacle for the market for coconut sugar because Asia and the Pacific Rim currently satisfy most of the world's demand for coconut. During the early nineties, the number of coconut plantations in the Caribbean decreased due to natural disasters and a disease known as deadly yellowing. Moreover, this drop has occurred. As a result, the reduction of coconut plantations in key coconut-producing countries may impact the expansion of the market during the forecast period.Application Outlook
By application, the coconut sugar market is segmented into food & beverage, cosmetics, and personal care. The food & beverages segment procured a promising revenue share in the coconut sugar market in 2021. Over the anticipated period, there will likely be an increase in demand for coconut sugar due to rising diabetes prevalence, particularly among the middle-class population. In addition, increasing consumer health consciousness and increasing demand for items made from plants are projected to favor market growth.Sales Channel Outlook
Based on sales channel, the coconut sugar market is fragmented into hypermarkets, specialty stores, e-commerce, and business to business. The e-commerce segment projected a prominent revenue share in the coconut sugar market in 2021. Due to the ease with which things may be obtained and the advantages it offers, such as the ability to give clients home delivery services and information about the product's advantages, e-commerce platforms are growing in popularity as a means of making purchases. Also, a growing number of offers or discounts and the increased penetration of different online portals in developed and developing countries draw customers to buy cooking oil online.Form Outlook
On the basis of form, the coconut sugar market is bifurcated into organic and conventional. In 2021, the organic segment garnered a substantial revenue share in the coconut sugar market. The popularity of organic products is rising as environmental awareness, and fair-trade ideals spread. In addition, customers are becoming more demanding of high-quality ingredients used in meal preparation as they become more conscious of the food quality they consume. These elements will increase demand for items made with organic coconut sugar in the upcoming years.End-user Outlook
By end user, the coconut sugar market is classified into commercial and residential. In 2021, the commercial segment held the highest revenue share in the coconut sugar market 2021. The bakery & food service sector's development is to blame for this. Coconut sugar is suitable for use in meals as a replacement for sugar in everything from baked goods to sauces, syrups, and coffee. Also, compared to using other sugars, coconut sugar has a faint caramel-like flavor that might alter how sweets taste. Therefore, the majority of coconut sugar is used commercially in the food, beverage, and confectionery industries.Regional Outlook
Region wise, the coconut sugar market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2021, the Asia Paciifc region led the coconut sugar market with the maximum revenue share. The ability of consumers to pay a higher price for the product because of rising disposable income has fueled regional market expansion throughout the projection period. Due to the abundance of available technology and raw materials, as well as the rising demand on the market, Asia Pacific is anticipated to be the region that produces the item at the highest rate. As a result, to capture a larger portion of the market, producers must consider prices.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nutiva, Inc., NOW Foods, Inc., The Coconut Company (UK) Ltd., The Divine Foods, Groovy Food Company Ltd., Coco Sugar Indonesia, Big Tree Farms, Inc., Madhava, Ltd., AGRIM PTE Ltd., and Tradin Organic Agriculture B.V. (SunOpta group of companies).
Scope of the Study
By Sales Channel
- Business to Business
- Specialty Stores
- Hypermarkets
- E-Commerce
By Application
- Personal Care
- Cosmetics
- Food & Beverage
By Form
- Conventional
- Organic
By End-user
- Commercial
- Residential
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Nutiva, Inc.
- NOW Foods, Inc.
- The Coconut Company (UK) Ltd.
- The Divine Foods
- Groovy Food Company Ltd.
- Coco Sugar Indonesia
- Big Tree Farms, Inc.
- Madhava, Ltd.
- AGRIM PTE Ltd.
- Tradin Organic Agriculture B.V. (SunOpta group of companies)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Coconut Sugar Market, by Sales Channel
1.4.2 Global Coconut Sugar Market, by Application
1.4.3 Global Coconut Sugar Market, by Form
1.4.4 Global Coconut Sugar Market, by End User
1.4.5 Global Coconut Sugar Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Coconut Sugar Market by Sales Channel
3.1 Global Business to Business Market by Region
3.2 Global Specialty Stores Market by Region
3.3 Global Hypermarkets Market by Region
3.4 Global E-Commerce Market by Region
Chapter 4. Global Coconut Sugar Market by Application
4.1 Global Personal Care Market by Region
4.2 Global Cosmetics Market by Region
4.3 Global Food & Beverage Market by Region
Chapter 5. Global Coconut Sugar Market by Form
5.1 Global Conventional Market by Region
5.2 Global Organic Market by Region
Chapter 6. Global Coconut Sugar Market by End User
6.1 Global Commercial Market by Region
6.2 Global Residential Market by Region
Chapter 7. Global Coconut Sugar Market by Region
7.1 North America Coconut Sugar Market
7.1.1 North America Coconut Sugar Market by Sales Channel
7.1.1.1 North America Business to Business Market by Country
7.1.1.2 North America Specialty Stores Market by Country
7.1.1.3 North America Hypermarkets Market by Country
7.1.1.4 North America E-Commerce Market by Country
7.1.2 North America Coconut Sugar Market by Application
7.1.2.1 North America Personal Care Market by Country
7.1.2.2 North America Cosmetics Market by Country
7.1.2.3 North America Food & Beverage Market by Country
7.1.3 North America Coconut Sugar Market by Form
7.1.3.1 North America Conventional Market by Country
7.1.3.2 North America Organic Market by Country
7.1.4 North America Coconut Sugar Market by End User
7.1.4.1 North America Commercial Market by Country
7.1.4.2 North America Residential Market by Country
7.1.5 North America Coconut Sugar Market by Country
7.1.5.1 US Coconut Sugar Market
7.1.5.1.1 US Coconut Sugar Market by Sales Channel
7.1.5.1.2 US Coconut Sugar Market by Application
7.1.5.1.3 US Coconut Sugar Market by Form
7.1.5.1.4 US Coconut Sugar Market by End User
7.1.5.2 Canada Coconut Sugar Market
7.1.5.2.1 Canada Coconut Sugar Market by Sales Channel
7.1.5.2.2 Canada Coconut Sugar Market by Application
7.1.5.2.3 Canada Coconut Sugar Market by Form
7.1.5.2.4 Canada Coconut Sugar Market by End User
7.1.5.3 Mexico Coconut Sugar Market
7.1.5.3.1 Mexico Coconut Sugar Market by Sales Channel
7.1.5.3.2 Mexico Coconut Sugar Market by Application
7.1.5.3.3 Mexico Coconut Sugar Market by Form
7.1.5.3.4 Mexico Coconut Sugar Market by End User
7.1.5.4 Rest of North America Coconut Sugar Market
7.1.5.4.1 Rest of North America Coconut Sugar Market by Sales Channel
7.1.5.4.2 Rest of North America Coconut Sugar Market by Application
7.1.5.4.3 Rest of North America Coconut Sugar Market by Form
7.1.5.4.4 Rest of North America Coconut Sugar Market by End User
7.2 Europe Coconut Sugar Market
7.2.1 Europe Coconut Sugar Market by Sales Channel
7.2.1.1 Europe Business to Business Market by Country
7.2.1.2 Europe Specialty Stores Market by Country
7.2.1.3 Europe Hypermarkets Market by Country
7.2.1.4 Europe E-Commerce Market by Country
7.2.2 Europe Coconut Sugar Market by Application
7.2.2.1 Europe Personal Care Market by Country
7.2.2.2 Europe Cosmetics Market by Country
7.2.2.3 Europe Food & Beverage Market by Country
7.2.3 Europe Coconut Sugar Market by Form
7.2.3.1 Europe Conventional Market by Country
7.2.3.2 Europe Organic Market by Country
7.2.4 Europe Coconut Sugar Market by End User
7.2.4.1 Europe Commercial Market by Country
7.2.4.2 Europe Residential Market by Country
7.2.5 Europe Coconut Sugar Market by Country
7.2.5.1 Germany Coconut Sugar Market
7.2.5.1.1 Germany Coconut Sugar Market by Sales Channel
7.2.5.1.2 Germany Coconut Sugar Market by Application
7.2.5.1.3 Germany Coconut Sugar Market by Form
7.2.5.1.4 Germany Coconut Sugar Market by End User
7.2.5.2 UK Coconut Sugar Market
7.2.5.2.1 UK Coconut Sugar Market by Sales Channel
7.2.5.2.2 UK Coconut Sugar Market by Application
7.2.5.2.3 UK Coconut Sugar Market by Form
7.2.5.2.4 UK Coconut Sugar Market by End User
7.2.5.3 France Coconut Sugar Market
7.2.5.3.1 France Coconut Sugar Market by Sales Channel
7.2.5.3.2 France Coconut Sugar Market by Application
7.2.5.3.3 France Coconut Sugar Market by Form
7.2.5.3.4 France Coconut Sugar Market by End User
7.2.5.4 Russia Coconut Sugar Market
7.2.5.4.1 Russia Coconut Sugar Market by Sales Channel
7.2.5.4.2 Russia Coconut Sugar Market by Application
7.2.5.4.3 Russia Coconut Sugar Market by Form
7.2.5.4.4 Russia Coconut Sugar Market by End User
7.2.5.5 Spain Coconut Sugar Market
7.2.5.5.1 Spain Coconut Sugar Market by Sales Channel
7.2.5.5.2 Spain Coconut Sugar Market by Application
7.2.5.5.3 Spain Coconut Sugar Market by Form
7.2.5.5.4 Spain Coconut Sugar Market by End User
7.2.5.6 Italy Coconut Sugar Market
7.2.5.6.1 Italy Coconut Sugar Market by Sales Channel
7.2.5.6.2 Italy Coconut Sugar Market by Application
7.2.5.6.3 Italy Coconut Sugar Market by Form
7.2.5.6.4 Italy Coconut Sugar Market by End User
7.2.5.7 Rest of Europe Coconut Sugar Market
7.2.5.7.1 Rest of Europe Coconut Sugar Market by Sales Channel
7.2.5.7.2 Rest of Europe Coconut Sugar Market by Application
7.2.5.7.3 Rest of Europe Coconut Sugar Market by Form
7.2.5.7.4 Rest of Europe Coconut Sugar Market by End User
7.3 Asia Pacific Coconut Sugar Market
7.3.1 Asia Pacific Coconut Sugar Market by Sales Channel
7.3.1.1 Asia Pacific Business to Business Market by Country
7.3.1.2 Asia Pacific Specialty Stores Market by Country
7.3.1.3 Asia Pacific Hypermarkets Market by Country
7.3.1.4 Asia Pacific E-Commerce Market by Country
7.3.2 Asia Pacific Coconut Sugar Market by Application
7.3.2.1 Asia Pacific Personal Care Market by Country
7.3.2.2 Asia Pacific Cosmetics Market by Country
7.3.2.3 Asia Pacific Food & Beverage Market by Country
7.3.3 Asia Pacific Coconut Sugar Market by Form
7.3.3.1 Asia Pacific Conventional Market by Country
7.3.3.2 Asia Pacific Organic Market by Country
7.3.4 Asia Pacific Coconut Sugar Market by End User
7.3.4.1 Asia Pacific Commercial Market by Country
7.3.4.2 Asia Pacific Residential Market by Country
7.3.5 Asia Pacific Coconut Sugar Market by Country
7.3.5.1 China Coconut Sugar Market
7.3.5.1.1 China Coconut Sugar Market by Sales Channel
7.3.5.1.2 China Coconut Sugar Market by Application
7.3.5.1.3 China Coconut Sugar Market by Form
7.3.5.1.4 China Coconut Sugar Market by End User
7.3.5.2 Japan Coconut Sugar Market
7.3.5.2.1 Japan Coconut Sugar Market by Sales Channel
7.3.5.2.2 Japan Coconut Sugar Market by Application
7.3.5.2.3 Japan Coconut Sugar Market by Form
7.3.5.2.4 Japan Coconut Sugar Market by End User
7.3.5.3 India Coconut Sugar Market
7.3.5.3.1 India Coconut Sugar Market by Sales Channel
7.3.5.3.2 India Coconut Sugar Market by Application
7.3.5.3.3 India Coconut Sugar Market by Form
7.3.5.3.4 India Coconut Sugar Market by End User
7.3.5.4 South Korea Coconut Sugar Market
7.3.5.4.1 South Korea Coconut Sugar Market by Sales Channel
7.3.5.4.2 South Korea Coconut Sugar Market by Application
7.3.5.4.3 South Korea Coconut Sugar Market by Form
7.3.5.4.4 South Korea Coconut Sugar Market by End User
7.3.5.5 Singapore Coconut Sugar Market
7.3.5.5.1 Singapore Coconut Sugar Market by Sales Channel
7.3.5.5.2 Singapore Coconut Sugar Market by Application
7.3.5.5.3 Singapore Coconut Sugar Market by Form
7.3.5.5.4 Singapore Coconut Sugar Market by End User
7.3.5.6 Malaysia Coconut Sugar Market
7.3.5.6.1 Malaysia Coconut Sugar Market by Sales Channel
7.3.5.6.2 Malaysia Coconut Sugar Market by Application
7.3.5.6.3 Malaysia Coconut Sugar Market by Form
7.3.5.6.4 Malaysia Coconut Sugar Market by End User
7.3.5.7 Rest of Asia Pacific Coconut Sugar Market
7.3.5.7.1 Rest of Asia Pacific Coconut Sugar Market by Sales Channel
7.3.5.7.2 Rest of Asia Pacific Coconut Sugar Market by Application
7.3.5.7.3 Rest of Asia Pacific Coconut Sugar Market by Form
7.3.5.7.4 Rest of Asia Pacific Coconut Sugar Market by End User
7.4 LAMEA Coconut Sugar Market
7.4.1 LAMEA Coconut Sugar Market by Sales Channel
7.4.1.1 LAMEA Business to Business Market by Country
7.4.1.2 LAMEA Specialty Stores Market by Country
7.4.1.3 LAMEA Hypermarkets Market by Country
7.4.1.4 LAMEA E-Commerce Market by Country
7.4.2 LAMEA Coconut Sugar Market by Application
7.4.2.1 LAMEA Personal Care Market by Country
7.4.2.2 LAMEA Cosmetics Market by Country
7.4.2.3 LAMEA Food & Beverage Market by Country
7.4.3 LAMEA Coconut Sugar Market by Form
7.4.3.1 LAMEA Conventional Market by Country
7.4.3.2 LAMEA Organic Market by Country
7.4.4 LAMEA Coconut Sugar Market by End User
7.4.4.1 LAMEA Commercial Market by Country
7.4.4.2 LAMEA Residential Market by Country
7.4.5 LAMEA Coconut Sugar Market by Country
7.4.5.1 Brazil Coconut Sugar Market
7.4.5.1.1 Brazil Coconut Sugar Market by Sales Channel
7.4.5.1.2 Brazil Coconut Sugar Market by Application
7.4.5.1.3 Brazil Coconut Sugar Market by Form
7.4.5.1.4 Brazil Coconut Sugar Market by End User
7.4.5.2 Argentina Coconut Sugar Market
7.4.5.2.1 Argentina Coconut Sugar Market by Sales Channel
7.4.5.2.2 Argentina Coconut Sugar Market by Application
7.4.5.2.3 Argentina Coconut Sugar Market by Form
7.4.5.2.4 Argentina Coconut Sugar Market by End User
7.4.5.3 UAE Coconut Sugar Market
7.4.5.3.1 UAE Coconut Sugar Market by Sales Channel
7.4.5.3.2 UAE Coconut Sugar Market by Application
7.4.5.3.3 UAE Coconut Sugar Market by Form
7.4.5.3.4 UAE Coconut Sugar Market by End User
7.4.5.4 Saudi Arabia Coconut Sugar Market
7.4.5.4.1 Saudi Arabia Coconut Sugar Market by Sales Channel
7.4.5.4.2 Saudi Arabia Coconut Sugar Market by Application
7.4.5.4.3 Saudi Arabia Coconut Sugar Market by Form
7.4.5.4.4 Saudi Arabia Coconut Sugar Market by End User
7.4.5.5 South Africa Coconut Sugar Market
7.4.5.5.1 South Africa Coconut Sugar Market by Sales Channel
7.4.5.5.2 South Africa Coconut Sugar Market by Application
7.4.5.5.3 South Africa Coconut Sugar Market by Form
7.4.5.5.4 South Africa Coconut Sugar Market by End User
7.4.5.6 Nigeria Coconut Sugar Market
7.4.5.6.1 Nigeria Coconut Sugar Market by Sales Channel
7.4.5.6.2 Nigeria Coconut Sugar Market by Application
7.4.5.6.3 Nigeria Coconut Sugar Market by Form
7.4.5.6.4 Nigeria Coconut Sugar Market by End User
7.4.5.7 Rest of LAMEA Coconut Sugar Market
7.4.5.7.1 Rest of LAMEA Coconut Sugar Market by Sales Channel
7.4.5.7.2 Rest of LAMEA Coconut Sugar Market by Application
7.4.5.7.3 Rest of LAMEA Coconut Sugar Market by Form
7.4.5.7.4 Rest of LAMEA Coconut Sugar Market by End User
Chapter 8. Company Profiles
8.1 Nutiva, Inc.
8.1.1 Company Overview
8.1.2 Recent Strategies and Developments:
8.1.2.1 Acquisitions and Mergers:
8.2 NOW Foods, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Acquisition and Mergers:
8.3 The Coconut Company (UK) Ltd.
8.3.1 Company Overview
8.4 The Divine Foods
8.4.1 Company Overview
8.5 Groovy Food Company Ltd.
8.5.1 Company Overview
8.6 Coco Sugar Indonesia
8.6.1 Company Overview
8.7 Big Tree Farms, Inc.
8.7.1 Company Overview
8.8 Madhava, Ltd.
8.8.1 Company Overview
8.9 AGRIM PTE Ltd.
8.9.1 Company Overview
8.10. Tradin Organic Agriculture B.V. (SunOpta group of companies)
8.10.1 Company Overview
Companies Mentioned
- Nutiva, Inc.
- NOW Foods, Inc.
- The Coconut Company (UK) Ltd.
- The Divine Foods
- Groovy Food Company Ltd.
- Coco Sugar Indonesia
- Big Tree Farms, Inc.
- Madhava, Ltd.
- AGRIM PTE Ltd.
- Tradin Organic Agriculture B.V. (SunOpta group of companies)
Methodology
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