The global coconut sugar market is forecast to reach USD 2.64 Billion by 2027, according to a new report by Reports and Data. Coconut sugar is expected to witness a surge in demand, attributed to the growth of the end-user industries across the globe. Moreover, the rising awareness amongst health-conscious people for coconut sugar due to its high nutritional attributes which is fostering the market's demand. However, the availability of counterfeited, low-cost products hampering the order of the market.

The rapid urbanization of the society has changed the lifestyle of the people and, in turn, has increased the prevalence of health measures over a broad aspect, thus, augmenting the demand for the product. The limitation of the coconut sugar is that if it is consumed in excess, then added sugars might cause some problems like obesity, diabetes, metabolic syndrome, and heart disease, which along with a higher price of the product as compared to traditional sugar may retrain demand for coconut sugar. 

Top Companies Operating in the Global Coconut Sugar Market Report:

Koperasi Nirasatria, Earth Circle Organics, Coco Sugar Indonesia, Tradin Organics, The Coconut Company Ltd, Celebes Coconut Corporation, Franklin Baker, Los Ricos Compania Corporation, Nutiva, Coconut Secret.

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Further key findings from the report suggest

• An increase in awareness amongst health-conscious people for the use of coconut sugar due to its high nutritional attributes is driving the market demand. Therefore, a significant contributor to the consumption of coconut sugar is the mineral composition, which generated a revenue of USD 0.76 billion in 2017 and is expected to reach USD 1.35 billion by 2027.
• The Confectionary industry application is the major contributor to the coconut sugar market, which generated a revenue of USD 0.44 billion in 2017 and is forecasted to reach USD 0.71 billion by 2027. Confectionary application in the Asia Pacific region is the major shareholder in the market and held around 28.0% of the market in the year 2019.
• The Asia Pacific dominated the market in 2019. The consistent focus of the region on cost-effective and innovative procedures adopted in the area is driving the market. The market in the Asia Pacific region held approximately 42.0% of the coconut sugar market, followed by North America, which contributed around 30.0% of the market in the year 2019.

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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.

An analysis of the Coconut Sugar market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Coconut Sugar market, a country-by-country analysis of the market is provided in the report.

The global Coconut Sugar market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Nutritional Components Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)

• Vitamin C
• Minerals
• Iron
• Phosphorus
• Potassium
• Calcium
• Zinc
• Phytonutrients
• Anthocyanidin
• Antioxidants
• Flavonoids
• Polyphenols

Industry Application Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)

• Beverage
• Tea
• Juice
• Confectionary
• Chocolates
• Brownies
• Cakes
• Personal Care
• Food Seasoning

Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Billion; 2017-2027)

• Store-Based
• Supermarkets and Hypermarkets
• Convenience Stores
• Non-Store Based

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market? What kind of strategic business plans have they made?

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