Albany NY, United States, May 04, 2022 (GLOBE NEWSWIRE) -- The global coconut syrup market is estimated to register growth at a CAGR of 8% during the forecast period of 2019 to 2029, according to a research report by Transparency Market Research (TMR).
With rise in popularity of coconut-based products, food manufacturing companies operating across the globe are focusing on the development of such products. This factor is estimated to generate profitable opportunities in the global coconut syrup market during the forecast period.
Analysts at TMR note that the demand curve of conventional coconut syrups is expected to be steady in the forthcoming years. Moreover, the organic coconut syrup segment of the global coconut syrup market is estimated to attract promising growth avenues in the second half of the forecast period.
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The coconut syrup market in North America and Asia Pacific is prognosticated to gain profitable opportunities during the forecast period, owing to rise in product use as a topping for desserts and as a flavor enhancer by regional populace.
Coconut Syrup Market: Key Findings
- Due to increase in inclination among people from around the world toward adopting healthy lifestyle, this consumer base in increasing the demand for natural sweeteners. This factor is leading to revenue-generation opportunities in the global coconut syrup market. Moreover, rise in understanding on adverse effects of sugar has resulted in increase in trend of consuming sugar-free food products among health-conscious people. This factor is expected to drive the demand for natural sweeteners around the world, which, in turn, is propelling the global coconut syrup market.
- According to many researches, use of coconut syrup can be beneficial for people suffering from diabetes and obesity. Hence, there has been surge in demand for coconut syrup from this population base. This factor is fueling the sales growth in the global coconut syrup market. Furthermore, demand for coconut syrup is increasing, as it comprises phytonutrient and antioxidant contents. Hence, rise in understanding about favorable functional properties and varied advantages of product are estimated to drive growth opportunities in the global coconut syrup market in the upcoming years.
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- Coconut syrup is gaining impetus among global population, owing to its low glycemic index. As per a study carried out at the University of Sydney, consuming low glycemic index food products can help in preventing different health issues, including type 2-diabetes, note analysts of the report on the global coconut syrup market. Moreover, the popularity of coconut syrup is estimated to increase in the upcoming years, owing to growing awareness on the presence of many essential ingredients such as amino acids, vitamin B complex, and vitamin C in it. These health advantages of the product are estimated to drive sales in the global coconut syrup market in the forthcoming years.
Coconut Syrup Market: Growth Boosters
- Rising trend of veganism is projected to drive demand opportunities in the global coconut syrup market
- Increase in understanding on varied health benefits of coconut syrup is propelling the global market
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Coconut Syrup Market: Key Players
Some of the key players profiled in the report are:
- Bali Nutra Ltd
- Wichy Plantation Company (Pvt) Ltd
- Holos Integra
- Tradin Organic Agriculture B.V.
- Benevelle Corporation
- Wholesome Sweeteners Inc.
- Coconut Secret
- Treelife Coco Sugar
- Coconut Merchant Ltd
- Singabera
- Andy Alabo Corporation
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Coconut Syrup Market Segmentation
Form
- Liquid
- Powder
Nature
- Organic
- Conventional
Flavor
- Original/Unflavored
- Flavored
Function
- Sweetening
- Texturizing
- Preservative
- Flavoring
Application
- Food
- Bakery & Confectionary
- Dairy Products
- Breakfast Cereal
- Sauces & Salads
- Other Food Products
- Beverages
- Alcoholic Beverages
- Tea & Coffee
- Other Beverages
- Other Applications
Sales Channel
- Direct Sales
- Indirect Sales
- Modern Trade
- Convenience Store
- Departmental Store
- Online Retailers
- Traditional Grocery Store
- Other Sales Channels
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- MEA
- Japan
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