Global Coconut Syrup Market - 2023-2030
The Global Coconut Syrup Market reached US$ 170.4 million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 7% during the forecast period (2023-2030).
The coconut syrup market is growing due to factors such as increasing consumer awareness about the health benefits of natural sweeteners and the rising demand for plant-based products. In addition, the growing trend of veganism and vegetarianism has also contributed to the demand for plant-based sweeteners like coconut syrup. These syrups are lower on the glycemic index and have a lower impact on blood sugar levels. Hence, coconut syrup is becoming increasingly popular as a substitute for traditional sweeteners.
Market Dynamics
Growing Demand for Natural and Sugar-free Products is Driving the Coconut Syrup Market Growth
Coconut syrup is a natural sweetener that is derived from the sap of coconut trees, and it is seen as a healthier alternative to sugar. Iron, calcium, manganese, potassium, magnesium, zinc, copper, boron, and 12 B vitamins are all present in coconut syrup. Coconut syrup has a GI of 35 which is very low compared to other sweeteners, like corn syrup(87).
Consumers are becoming increasingly health-conscious and are looking for alternatives to traditional sweeteners like sugar. Hence the growing demand for natural and sugar-free products is boosting the coconut syrup market growth.
The Growing Diabetic Population is Driving the Growth of the Coconut Syrup Market
As per IDF Diabetes Atlas, in 2021, 537 million adults (or 1 in 10) had diabetes. By 2030 and 2045, this number is projected to increase to 643 million and 783 million, respectively. As the number of people with diabetes continues to rise, there is an increasing demand for sweeteners that are safe for consumption by diabetes patients.
Coconut syrup, with its low glycemic index, is an attractive option as a natural sweetener for diabetic patients. Hence, the growing population of diabetes patients is driving the market growth of coconut syrup, as it is an attractive option for people with diabetes who are seeking diabetic-friendly sweeteners.
COVID-19 Impact Analysis
The COVID-19 pandemic has disrupted the supply chain of coconut syrup due to the restrictions on the movement of goods and people in many countries. This has resulted in a shortage of coconut syrup in some regions, leading to higher prices. The closure of restaurants, cafes, and other food service outlets due to the pandemic has impacted the demand for coconut syrup. With fewer people dining out, the demand for food and beverage products, including coconut syrup, has decreased.
Segment Analysis
The global coconut syrup market is segmented based on nature, application, form, function, distribution channel and region.
The Versatility and Ease of Use of Liquid Coconut Syrup
Based on form, the coconut syrup market is classified into liquid and powder. In 2022, the liquid segment held the highest share of more than 40% in the coconut syrup market. This is because liquid coconut syrup is the most commonly used form of coconut syrup in the food and beverages industry. It is used as a natural sweetener in a variety of products, such as baked goods, beverages, and desserts. Liquid coconut syrup is also used as a topping for pancakes, waffles and ice cream.
Geographical Analysis
Increasing Consumption of Coconut Syrup in North America
North America has a significant share of the coconut syrup market. Consumers in North America are increasingly becoming health-conscious and are looking for natural and organic alternatives to traditional sweeteners such as refined sugar. Coconut syrup is a natural sweetener that is derived from the sap of coconut trees and contains essential vitamins and minerals. According to Faostat, the US consumed 0.200 kilograms of coconuts per person in 2020. Hence, the Increasing consumption of Coconut Syrup in North American regions has contributed to having a significant share of the global market.
Competitive Landscape
The major global players in the market include Andy Alabo Corporation, Trading Organic Agriculture B.V, Singabera, Holos Integra, Bali Nutra Ltd., Benevelle Corporation, Monin, Coconut Merchant Ltd., Wholesome Sweeteners Inc., Wichy Plantation Company Pvt. Ltd.
Why Purchase the Report?
• To visualize the global coconut syrup market segmentation based on nature, application, form, function, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of coconut syrup market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The Global Coconut Syrup Market Report Would Provide Approximately 77 Tables, 76 Figures and 200 Pages.
Target Audience 2023
• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Nature
- 3.2. Snippet by Application
- 3.3. Snippet by Form
- 3.4. Snippet by Function
- 3.5. Snippet by Distribution Channel
- 3.6. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. PostCOVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Nature
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 7.1.2. Market Attractiveness Index, By Nature
- 7.2. Organic*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Conventional
- 8. By Application
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
- 8.2. Food*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Beverages
- 9. By Form
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 9.1.2. Market Attractiveness Index, By Form
- 9.2. Liquid*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Powder
- 10. By Function
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 10.1.2. Market Attractiveness Index, By Function
- 10.2. Sweetening*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Preservative
- 10.4. Texturing
- 10.5. Flavoring
- 11. By Distribution Channel
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.1.2. Market Attractiveness Index, By Distribution Channel
- 11.2. Supermarket/Hypermarket*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Specialty Stores
- 11.4. Online Sales
- 11.5. Others
- 12. By Region
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
- 12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.8.1. The U.S.
- 12.2.8.2. Canada
- 12.2.8.3. Mexico
- 12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.8.1. Germany
- 12.3.8.2. The UK
- 12.3.8.3. France
- 12.3.8.4. Italy
- 12.3.8.5. Spain
- 12.3.8.6. Rest of Europe
- 12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.8.1. Brazil
- 12.4.8.2. Argentina
- 12.4.8.3. Rest of South America
- 12.5. Asia-Pacific
- 12.5.1. Introduction
- 12.5.2. Key Region-Specific Dynamics
- 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.5.8.1. China
- 12.5.8.2. India
- 12.5.8.3. Japan
- 12.5.8.4. Australia
- 12.5.8.5. Rest of Asia-Pacific
- 12.6. Middle East and Africa
- 12.6.1. Introduction
- 12.6.2. Key Region-Specific Dynamics
- 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Market Positioning/Share Analysis
- 13.3. Mergers and Acquisitions Analysis
- 14. Company Profiles
- 14.1. Andy Alabo Corporation*
- 14.1.1. Company Overview
- 14.1.2. Product Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
- 14.2. Trading Organic Agriculture B.V
- 14.3. Singabera
- 14.4. Holos Integra
- 14.5. Bali Nutra Ltd.
- 14.6. Benevelle Corporation
- 14.7. Monin
- 14.8. Coconut Merchant Ltd.
- 14.9. Wholesome Sweeteners Inc.
- 14.10. Wichy Plantation Company Pvt. Ltd.
- LIST NOT EXHAUSTIVE
- 15. Appendix
- 15.1. About Us and Services
- 15.2. Contact Us
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