Press release
Global Coconut Sugar Market: Health Benefits and Product Versatility Drives Adoption
The global coconut market is anticipated to display significant growth due to its increasing use in the food and beverage industry. Coconut sugar, which is a natural sweetener is obtained from the dried nectar of flowers that grow on top of coconut palms. Coconut sugar is considered healthier than table sugar for diabetics and for individuals suffering from blood sugar related health ailments. Coconut sugar is produced using coconut sap and has been traditionally used in Southeast Asian cooking for thousand years.
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The coconut sugar market is rising due to several other reasons as well. The nutritional benefits of coconut sugar over regular table sugar is favoring its adoption among consumers. Coconut sugar melts and blends gently in recipes along with imparting a subtle coconut aroma and a mild caramel flavor. This has benefitted the demand for coconut sugar globally.
Moreover, the increasing demand for coconut sugar to replace cane sugar for health reasons will be a major factor driving the market’s growth in the coming years. Product manufacturers of personal care products such as body scrubs, face and body creams, and shaving gels are also anticipated to display substantial demand for coconut sugar in place of synthetic ingredients. The growth of FMCG industry combined with the increasing demand for herbal products is expeged to have a positive impact on the market’s growth.
However, the growth of the coconut sugar market is restrained due to certain impediments. Production of coconut sugar is highly labor intensive due to the lack of mechanized techniques. The manufacture of coconut sugar in an environmental-friendly manner is time consuming as well. This is posing a problem for product manufacturers to cater to the increasing demand for coconut sugar, thereby hindering the growth of the global coconut sugar market. The high cost factor of coconut sugar over other sweetening alternatives such as agave, sugar cane, and beet sugar is also hindering the growth of this market.
Key players in the market include Coco Sugar Indonesia, Treelife, Saudi Food Ingredients Factory, Celebes Coconut Corporation, Coconut SecretADON Exports, Ecobuddy, MADHAVA SWEETENERS, Urmatt, Bigtreefarms, The Coconut Company Ltd., Holos Integra, Earth Circle Organics, Los Ricos Compania Corporation, Franklin Baker, TARDO Filipinas Inc., and SunOpta Inc.
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