Asia Pacific Coconut Sugar Market Size, Share & Industry Trends Analysis Report By Sales Channel, By Application (Personal Care, Cosmetics and Food & Beverage), By Form (Conventional and Organic), By End User, By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Coconut Sugar Market
Market Report Description
The Asia Pacific Coconut Sugar Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
While obesity and related diseases are growing more common, consumers are becoming more health-conscious. They, therefore, prefer naturally produced, low-calorie, low-fat foods, and beverages. Vendors are creating new goods with lesser calories and fat to satisfy consumers' evolving wants. In particular, young consumers between 18 to 32 are embracing the health & wellness trend. Consumers are prepared to pay more for products with certain functional benefits, like decreased fat. Such actors will support market expansion further in the years to come.
Coconut sugar is great for diabetics as it won't significantly elevate blood sugar levels due to its low glycemic index of 35. Furthermore, the antioxidants in this sugar stop the body's cells from oxidizing, slowing the aging process. These coconut sugar health benefits will support market expansion for coconut sugar throughout the predicted period.
Several IEC-related initiatives were carried out over the period to encourage the consumption of healthy foods and raise awareness of the most recent Act, Rules, and Regulations of FSSAI. Their initiatives included putting informative videos on YouTube signboards, engaging in exhibitions and other activities, offering in-depth information on the website, holding interactive radio counseling sessions, etc. As a result, it is predicted that a sizable portion of the population will move to healthy substitutes like coconut sugar.
The China market dominated the Asia Pacific Coconut Sugar Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $37,358.2 Thousands by 2028. The Japan market is poised to grow at a CAGR of 4.6% during (2022 - 2028). Additionally, The India market would register a CAGR of 5.9% during (2022 - 2028).
Based on Sales Channel, the market is segmented into Business to Business, Specialty Stores, Hypermarkets and E-Commerce. Based on Application, the market is segmented into Personal Care, Cosmetics and Food & Beverage. Based on Form, the market is segmented into Conventional and Organic. Based on End User, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Coconut Sugar Market is Projected to reach USD 290.1 Million by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nutiva, Inc., NOW Foods, Inc., The Coconut Company (UK) Ltd., The Divine Foods, Groovy Food Company Ltd., Coco Sugar Indonesia, Big Tree Farms, Inc., Madhava, Ltd., AGRIM PTE Ltd., and Tradin Organic Agriculture B.V. (SunOpta group of companies).
Scope of the Study
Market Segments Covered in the Report:
By Sales Channel
- Business to Business
- Specialty Stores
- Personal Care
- Food & Beverage
By End User
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Nutiva, Inc.
- NOW Foods, Inc.
- The Coconut Company (UK) Ltd.
- The Divine Foods
- Groovy Food Company Ltd.
- Coco Sugar Indonesia
- Big Tree Farms, Inc.
- Madhava, Ltd.
- AGRIM PTE Ltd.
- Tradin Organic Agriculture B.V. (SunOpta group of companies)
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