The Coconut Sugar Global Market Report 2023, provides comprehensive information on the coconut sugar market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Coconut Sugar Global Market Report 2023, the global coconut sugar market size is expected to grow from $1.82 billion in 2022 to $1.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global coconut sugar market size is expected to reach $2.47 billion in 2027 at a CAGR of 6%.
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Product innovations are a key trend gaining popularity in the coconut sugar market. Major companies operating in the coconut sugar market are developing new organic products to sustain their position in the market. For instance, in February 2022, Herza Chocolate GmbH & Co. KG, a Germany-based company that specializes in functional chocolate pieces, launched organic chocolates, inspired by nature, that combine coconut flower sugar, also known as palm sugar, mainly derived from the flowers of the coconut palm. These coconut sugars have a malty flavor that is quite similar to caramel and goes well with chocolate. The product also features eight distinct flavors of chocolate and coconut sugar blended together to give the chocolates a delicate flavor.
The coconut sugar market is segmented:
1) By Type: Sucrose, Glucose, Fructose
2) By Form: Organic, Conventional
3) By Sales Channel: Hypermarket, Specialty Stores, E-Commerce, Business To Business
4) By Application: Food And Beverage, Cosmetics, Personal Care
5) By End User: Commercial, Residential
Asia-Pacific was the largest region in the coconut sugar market in 2022.
The table of contents in TBRC’s coconut sugar market report includes:
- Executive Summary
- Coconut Sugar Market Characteristics
- Coconut Sugar Market Trends And Strategies
- Coconut Sugar Market – Macro Economic Scenario
- Coconut Sugar Market Size And Growth
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- Africa Coconut Sugar Market
- Coconut Sugar Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Coconut Sugar Market
- Coconut Sugar Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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