Coconut
sugar refers to the sugar produced from the nectar of flower buds of
the coconut palm. It is traditionally used as a low-carb sugar
substitute that is more nutritional in comparison to the typical
granulated sugar. Coconut sugar contains potassium, magnesium, zinc,
copper, vitamin C, phosphorus, calcium, and iron. It also contains
small amounts of phytonutrients, such as antioxidants, flavonoids,
and polyphenols, flavonoids. Coconut sugar is widely used as a sugar
substitute that controls blood sugar level and calories. Coconut
sugar is rich in inulin that act as a prebiotic, hence helps in
maintaining blood sugar balance, gut health, prevents colon cancer,
lipid (fat) metabolism, bone mineralization, fatty liver disease,
obesity, and enhances immunity. Coconut sugar is gaining high demand
in the market owing to its high nutritional value and health
benefits. Also, the lower environmental impact of coconut sugar has
contributed significantly in increasing its demand in the near
future.
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More about Coconut
sugar Market Report
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Market
Dynamics of Coconut Sugar:
Coconut
sugar market is expected to grow at a rapid pace in the next couple
of years. The high growth of coconut sugar market is propelled by
various macro-economic factors such as rising population, improved
economy, increased disposable income, and increasing per capita
health expenditure. Rapid urbanization coupled with the changing
life-style and eating habits, and growing prevalence of ailments &
diseases such as diabetes and obesity supports the growth of global
coconut sugar market. Due to low glycemic index (GI) of coconut
sugar, it is viewed as a natural and healthier substitute for table
sugar. Factors such as rise in the health consciousness among
consumers, shift from the artificial sweeteners to natural
sweeteners, new product developments, and the improved supply chain
to ensure the product availability also fuel the growth of coconut
sugar market. Companies in the coconut sugar market are continuously
involved in research and development activities to bring advances in
their product portfolio of natural sweeteners.
Market
Segmentation of Coconut Sugar
Coconut
sugar market is segmented on the basis of application, distribution
channel, and geography. Based upon application, coconut sugar market
is segmented into bakery & confectionery, beverages, convenience
foods, dairy & frozen desserts, and others. Over the next few
years, beverage segment is anticipated to witness highest market
attractiveness in the global coconut sugar market during the forecast
period. Based upon distribution channel, coconut sugar market is
segmented into convenience stores, supermarket/hyper market, drug
stores, and others such as direct selling, mass merchandisers etc.
Regional
Outlook of Coconut Sugar:
Based
on geography, coconut
sugar market
is segmented into five different regions namely Asia-Pacific, North
America, Latin America, Middle East and Africa, Europe. North America
is expected to lead the regional market for coconut sugar during the
reviewed market. The high market share can be attributed to the
strong demand from U.S. Europe is expected to hold second largest
market share in global coconut sugar market over the forecast period
while Asia Pacific is projected to be the fastest growing region in
the global coconut sugar market owing to the increased demand from
China and India. Leading manufacturers in the coconut sugar market
focus to leverage opportunities posed by emerging economies like
India and China to expand their revenue base.
Key
Market Players in Coconut Sugar:
Some of the key players in the coconut sugar market include Nutiva, Inc., Coco Sugar Indonesia, Big Tree Farms, The Coconut Company Ltd, Benevelle Corporation, and Treelife Coco Sugar among others.
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