The potential growth difference for the coconut sugar market from 2021 to 2026 is USD 221.37 million.
The health benefits of coconut sugar and demand for organic coconut sugar are some of the key market drivers. However, factors such as the sourcing of tender coconuts will challenge market growth.
The coconut sugar market report is segmented by product (organic coconut sugar and inorganic coconut sugar) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). APAC will be the leading region with 55% of the market’s growth during the forecast period. The US, China, The Philippines, India, and Germany is the key market for coconut sugar in APAC.
The organic coconut sugar sector will increase its market share significantly. Organic products are becoming more popular as environmental concerns and fair-trade principles grow. Consumers are growing increasingly sensitive about the quality of the food they consume, and they are requesting high-quality components for meal preparation. In the coming years, these factors will boost demand for organic coconut sugar products.
APAC will account for 55 percent of market growth. Coconut sugar’s main markets in APAC are China, the Philippines, and India. The market in this region will increase at a quicker rate than the markets in North America and Europe.
The considerable increase in demand for coconut sugar due to rising consumer health consciousness, the development of innovative coconut sugar-based products, and rising population disposable income would help the coconut sugar market grow in APAC throughout the forecast period.
