Coconut
sugar is a natural sweetener, manufactured from dried nectar of
flowers, grown on top of coconut palm trees, is considered to be a
beneficial alternative to conventional table sugar. Coconut sugar is
healthier than table sugar for diabetic patients and consumers
suffering from health problems related to blood sugar. Coconut
sugar market
witnesses a high demand owing to its nutritional attributes. Coconut
sugar offers more minerals and vitamins as compared to white sugar.
Coconut sugar contains traces of potassium, vitamin c, calcium, iron,
zinc, phosphorus. Besides these, coconut sugar also offers minimal
amounts of phytonutrients such as flavonoids, antioxidants,
polyphenols, and anthocyanidin. United Nations’ Food and
Agricultural Organization recognizes coconut sugar as the world’s
most sustainable sweetener by
Global
Coconut sugar Market Dynamics
Coconut
palm, as compared to sugar cane require a minimum amount of water, it
produces a plenty of coconut products and also supports
multi-cropping of various coconut products, coconut sugar being one
of them which in turn, has resulted into greater manufacturing of
coconut sugar thereby fueling the growth of coconut sugar market.
According to Big Farm Trees, coconut palms produces more than 50% to
70% of coconut sugar per acre in comparison to sugar cane on average.
Coconut sugar’s nutritional benefits over table sugar have helped
the coconut sugar market to witness a significant adoption among the
consumers. Coconut sugar can melt and blend gently in recipes along
with producing a mild caramel flavor and subtle coconut aroma. This
characteristic has uplifted the demand of global coconut sugar
market.
However,
the coconut sugar market faces few restraints to its continuous
ascent. Production of coconut sugar is a labor intensive process
owing to the lack of mechanization process. With the aim to produce
environment-friendly sweetener, manufacturing of coconut sugar is a
time-consuming process. Thus the rapid growth in coconut sugar demand
makes it difficult for the coconut sugar manufacturers to meet the
increasing demand which thereby hindering the growth of coconut sugar
market. The cost of coconut sugar is higher than other sweetener
alternatives such as sugar cane, agave and beet sugar which also acts
as an obstacle to the coconut sugar market growth.
Global
Coconut sugar Market Segmentation
Coconut
sugar market is segmented on the basis of its type of nutrient
contents which include:
Minerals
- Potassium
- Calcium
- Iron
- Zinc
- Phosphorus
Vitamin
C
Phytonutrients
- Flavonoids
- Antioxidants
- Polyphenols
- Anthocyanidin
Coconut
sugar market can is segmented on the basis of food and beverage
industry application which include:
- Bakery
- Confectionary
- Cakes
- Chocolates
- Brownies
- Tea
- Juice
- Food Seasoner
- Others
Coconut
sugar is healthier than traditional table sugar owing to its
nutritional attributes. Coconut sugar market is segmented on the
basis of nutritional components. Coconut sugar contains Vitamin C,
minerals such as potassium, iron, zinc and phosphorus and
phytonutrients such as flavonoids, antioxidants, polyphenols, and
anthocyanidin. Coconut sugar has a significant usage in the food and
beverage industry hence it can be classified by form of industrial
application. It has its usage in bakery products such as biscuits,
confectionary products such as cakes, chocolates, and brownies.
Coconut sugar acts as a tea sweetener, juice sweetener or any other
beverage sweetener. Coconut sugar also acts as a food seasoning
agent.
Global
Coconut Sugar Market: Regional Outlook
Regional
coverage for coconut sugar market includes North America, Latin
America, Western Europe, Eastern Europe, Asia Pacific excluding Japan
(APEJ), Japan and the Middle East and Africa (MEA). US coconut sugar
market in North America accounts for the fastest growing natural
sweetener owing to its growing health consciousness. Latin America,
Western and Eastern Europe, APEJ, Japan and MEA are however likely to
contribute to the coconut sugar market during the forecast period.
Global
Coconut sugar Market Players
Few
coconut sugar players in the market are Tree Life, Coco sugar, Tradin
Organic, Holos Integra and others.
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