The Europe Coconut Sugar Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
Rising consumer interest in the item to replace common sweeteners such as cane sugar is predicted to boost market expansion. The product has a lower glycemic index than honey and cane sugar. As a result, there is a lower chance of a blood sugar increase. It is projected that throughout the projection period, there will be an increase in the demand for it to substitute cane sugar in beverages, including tea and coffee, opening up new growth prospects for the company.
Rising product demand is anticipated to fuel market expansion during the course of the forecast. Body washes, faces, shaves, and body creams are just a few of the skincare products that are made with this ingredient. Rising consumer desire for herbal skin and hair care products is projected to have a favorable impact on the FMCG industry's progress. The product is a fantastic potassium, magnesium, iron, and iron source due to its high mineral content. It also includes several vitamins, notably B6, B2, B1, and B3. Compared to brown sugar, the result has almost a good quantity of phosphorus and 18 times as much potassium. Very likely, the product will gain a competitive advantage over its rivals.
In the food industry in Europe, there is a rising need for coconut sugar. Offerings of coconut sugar from developing nations are made possible by the rising customer demand for natural and high-quality food goods in Europe. Since it is becoming more widely available and has distinct qualities, coconut sugar is popular among European food producers. The natural and healthier options are what European consumers are looking for. More and more food & beverage products use natural sweeteners, including coconut sugar, instead of sugar. As a result, organic sugar is gaining immense traction in the European market, leading to regional market expansion.
The Germany market dominated the Europe Coconut Sugar Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,166.9 Thousands by 2028. The UK market is exhibiting a CAGR of 3.4% during (2022 - 2028). Additionally, The France market would experience a CAGR of 5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Coconut Sugar Market will Hit $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).
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