According to a new report, published by KBV research, The Global Coconut Sugar Market size is expected to reach $290.1 million by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Business to Business market is generating the high revenue in the Global Coconut Sugar Market by Sales Channel in 2021; thereby, achieving a market value of $132.9 million by 2028. The primary element fueling the expansion of the market is the expanding usage of coconut sugar in various industries, such as personal care and cosmetics. A large number of cosmetic manufacturers are consumers of a significant amount of coconut sugar as they use it as an ingredient in their products.
The Personal Care market is showcasing a CAGR of 4.6% during the forecast period. Coconut sugar's crystalline form, which is utilized frequently in scrubs and dissolves quickly in various personal care products, makes it special. Most commonly, body cleansers, shampoos, and sunscreens contain coconut sugar. Also, coconut sugar produces a pleasant sensation when applied to the skin, driving demand for personal care goods.
The Conventional market acquired the maximum revenue share in the Global Coconut Sugar Market by Form in 2021, thereby, achieving a market value of $191.9 million by 2028. Conventional coconut sugar is the alternate option for getting coconut sugar at a lesser cost than organic coconut sugar. Even the flavor does not differ much in terms of the advantages and nutrients they both possess.
The Residential market has shown the high growth rate of 7.1% during (2022 - 2028). Because of the plant-based composition of coconut sugar and its minimum processing, coconut sugar is a preferred sweetener in a number of vegan diets. Some believe coconut sugar is healthier than conventional table sugar since it is a plant-based, natural sweetener. The minerals and calories in coconut sugar are similar to those in conventional cane sugar. Therefore, coconut sugar is increasingly used as a brown sugar substitute in homes that value health.
The Asia Pacific market dominated the Global Coconut Sugar Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $131.05 million by 2028. The Europe market is anticipated to grow at a CAGR of 4.3% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 4.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/coconut-sugar-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
By Sales Channel
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By Geography
Companies Profiled
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