LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global coconut sugar market, and the market is poised to grow by USD 253.4 million during 2019-2023, progressing at a CAGR of over 8% during the forecast period. Request Free Sample Pages
Read the 106-page research report with TOC on "Coconut Sugar Market Analysis Report by Product (organic coconut sugar and inorganic coconut sugar), by Geography (Americas, APAC, and EMEA), and Segment Forecasts, 2019 - 2023".
The market is driven by increasing consumer awareness about the health benefits of coconut sugar. Also, the emergence of private label brands is anticipated to boost the growth of the coconut sugar market further.
The consumption of coconut sugar is beneficial for people with diabetes, as it has a glycemic index of 35. It boosts the immune system of a person as it contains insulin, which can stimulate the growth of intestinal bifidobacteria. Coconut sugar is not only rich in minerals and essential vitamins such as potassium, zinc, iron, magnesium, calcium, B1, B2, B3, B6, and C but also helps in regulating the water content in the human body. Thus, the consumption of coconut sugar will increase, which in turn, drives market growth during the forecast period.
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Major Five Coconut Sugar Market Companies:
Celebes Coconut Corporation
Celebes Coconut Corporation is headquartered in the Philippines and owns and operates businesses under various product segments such as Coconut products and Other products. Through the brand Celebes, the company offers organic coconut sugar.
Coco Sugar Indonesia
Coco Sugar Indonesia is headquartered in Indonesia and manufactures and offers products through the product segment: Coconut sugar. The company provides organic coconut sugar to its consumers through the brand, COCO SUGAR.
NOW Foods is headquartered in the US and has business operations under various segments, namely Supplements, Beauty and health, Essential oils, Sports nutrition, Natural foods, and Pet health. The company offers organic coconut sugar through the brand called NOW.
Nutiva is headquartered in the US and offers services through the following segments Body care, Nutrition, Culinary oils, Baking, and Snacks and spreads. The company provides organic coconut sugar through the brand called nutiva.
TreeLife is headquartered in the Philippines and offers products through the product segment: Coconut products. The company provides coconut sugar through the brand called TREELIFE. The company also offers products such as coconut syrup, virgin coconut oil, and coconut flour.
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Coconut Sugar Product Outlook (Revenue, USD Million, 2019 - 2023)
- Organic coconut sugar
- Inorganic coconut sugar
Coconut Sugar Regional Outlook (Revenue, USD Million, 2019 - 2023)
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Related Reports on Consumer Staples are:
Packaged Coconut Water Market – Packaged Coconut Water Market by Type (Packaged flavored coconut water and Packaged plain coconut water), and geography (APAC, Europe, MEA, North America, and South America).
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