NEW YORK, Sept. 4, 2023 /PRNewswire/ — The coconut sugar market is estimated to increase by USD 192.39 million from 2022 to 2027, with a CAGR of 5.75%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. The demand for organic coconut sugar is a key factor driving market growth. Health-conscious consumers have been increasingly exposed to the harmful effects of synthetic products, which is giving rise to an increase in the use of natural products. Organic food is healthy, and it continues to gain popularity all over the world. Therefore, organic coconut sugar manufacturers are producing more varieties to consider changes in consumer preferences. Hence, these factors are expected to drive market growth during the forecast period. Discover some insights on market size before buying the full report – Request a sample report

Coconut Sugar Market – Company Scope

The coconut sugar market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 companies listed Below –

BetterBody Foods, Big Tree Farms Inc., Celebes Coconut Corp., Connecticut Coconut Co., Franklin Baker Co., Madhava Ltd., NOW Health Group Inc., Nutiva Inc., PT Mega Inovasi Organik, PT. COCO SUGAR Indonesia, PT. INTRAFOOD SINGABERA Indonesia, Saudi Food Ingredients Factory, The Coconut Co. UK Ltd., The Divine Foods, The Groovy Food Co., Tradin Organic Agriculture B.V., Tree Grab, Treelife, Wholsum Foods Pvt. Ltd., and Yana Industries LLP Download a Sample

Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Coconut Sugar Market

Coconut Sugar Market – Market Segmentation

The market is segmented by product (organic coconut sugar and Inorganic coconut sugar), end-user (commercial and residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa)

• The commercial segment will account for a significant share of market growth during the forecast period. This segment includes businesses, for example, food manufacturers, bakers, and chocolatiers, which use coconut sugar as an ingredient in their products. One major factor that has increased coconut sugar demand in the commercial segment is the increasing popularity of food products made from naturally or organically grown ingredients. In addition, the demand is increasing for products that do not contain synthetic additives or preservatives due to the increased awareness of consumers about their health.

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Coconut Sugar Market – Market Dynamics

Major Trend

The growing popularity of plant-based diets is a major trend in the market. Their popularity has increased as more and more people become aware of the health and environmental benefits of plant-based foods. Consequently, a demand for alternatives to protein, vitamins, and minerals has arisen due to the reduction or elimination of animal products in many people’s diets. Moreover, coconut palm sugar has a texture similar to brown sugar and is excellent for baking due to the light but distinct flavor that reminds of molasses. Hence, these factors are expected to drive market growth during the forecast period. 

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What are the key data covered in this Coconut Sugar Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Coconut Sugar Market between 2023 and 2027
• Precise estimation of the size of the Coconut Sugar Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Coconut Sugar Market industry across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of Coconut Sugar Market companies

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End User

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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