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.
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