Coconut Nectar Syrup Market Size, Share, Report and Forecast 2024-2032

According to the report by Expert Market Research (EMR), the global coconut nectar syrup market size is being aided by the rising coconut syrup market, which reached a value of USD 205.79 million in 2023. Aided by the growing trend towards natural sweeteners and the multifaceted uses of coconut nectar syrup in a myriad of products, the coconut syrup market is further expected to grow at a CAGR of 7% in the forecast period of 2024-2032.

Coconut nectar syrup, hailing from the sap of flower buds from the coconut palm, is gaining traction as a natural sweetener, offering an array of nutrients, including amino acids, vitamins, and minerals. Its low glycaemic index has made it a preferred choice for health-conscious consumers, especially those with diabetes or those aiming to regulate blood sugar levels. Its versatile nature allows it to be a seamless fit in a range of products, from baked goods and confectionery to beverages and sauces.

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One of the key coconut nectar syrup market trends driving the market is the escalating demand for natural and organic products. With consumers becoming increasingly wary of artificial additives and high-calorie sweeteners, there's a discernible shift towards natural alternatives, positioning coconut nectar syrup in a favourable light. This shift is further underpinned by the mounting evidence of health risks associated with synthetic sweeteners and high fructose corn syrup.

Another catalyst for the coconut nectar syrup market growth is the burgeoning vegan population globally. As coconut nectar syrup is plant-based, it resonates with vegan dietary preferences, making it an apt replacement for traditional sweeteners that might have animal-derived ingredients.
Moreover, the culinary world is witnessing an expanding palette of international flavours, with Southeast Asian cuisines gaining significant popularity. Given that coconut nectar syrup is a staple sweetener in many Asian dishes, its demand in restaurants and households alike has seen an appreciable uptick, boosting the coconut nectar syrup market demand. This trend dovetails with the increasing exploration of gourmet home cooking, where authenticity of ingredients is paramount.

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In addition to its culinary applications, coconut nectar syrup is making its presence felt in the beverage industry. Its distinctive flavour profile and natural sweetness are enhancing beverages, ranging from teas and coffees to cocktails and mocktails. Craft beverage producers, aiming to introduce novel flavours while keeping the ingredient list natural, are leaning towards coconut nectar syrup as a sweetening agent, positively influencing the coconut nectar syrup market outlook.

Coconut Nectar Syrup Market Segmentation

The market can be divided based on nature, application, end use, and region.

Market Breakup by Nature

Organic
Conventional

Market Breakup by Application

Sweetening
Texturising
Preservative
Flavouring
Others

Market Breakup by End Use

Food
Confectionery
Beverage
Pharmaceuticals
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global coconut nectar syrup market. Some of the major players explored in the report by Expert Market Research are as follows:

Davidsun Coconut Products
Pure Coco.
Superfood d.o.o
Others

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