Organic Palm Sugar Market Overview:
According to the reports by MRFR, the organic palm sugar market is projected to register a healthy CAGR of over 14.6% during the assessment timeframe
Tthe global Organic Palm Sugar Market Share was valued at USD 1230 million in 2028.
Organic palm sugar refers to unrefined palm sugar comprised of no added functional additives and preservatives. They are obtained mainly from Palmyra palm, dates, nipa, and coconut trees. Organic palm sugar is preferred over refined white sugar due to its health benefits and high demand for organic products. The global organic palm sugar market has witnessed massive growth due to the need for sugar substitutes, growing awareness regarding the negative impact of table sugar on overall health, and the rising prevalence of obesity, diabetes, and coronary heart disorders. However, the growth of the organic palm sugar market is projected to be restricted by the limited awareness regarding the benefits, complete production of raw material, and need for time and labor.
The global organic palm sugar market is divided into several segments based on form, packaging type, distribution channels, and region.
The organic palm sugar market is bifurcated into liquid, granules, and block-based on the form.
The global market is divided into pouches, jars, and bottles based on packaging type.
The organic palm sugar market is split into non-store-based and store-based by distribution channel.
The global organic palm sugar market is studied across five major regions: North America, South America, Asia-Pacific, Europe, and the Middle East & Africa.
According to the reports by MRFR, the Asia-Pacific regional organic palm sugar market is projected to dominate the market globally over the review timeframe. Due to high palm and coconut cultivation, palm sugars are conventionally used across the region. Furthermore, the health benefits of palm sugar are another primary parameter boosting the demand across the regional market. Moreover, the launch of innovative and healthy food items and beverages with palm sugar will likely accelerate the regional market's growth over the assessment timeframe.
The North American regional market is likely to register fast growth over the forecasted era. The regional market's growth is being driven by the growing demand for organic products and the changing lifestyle of people across the region. Furthermore, the increasing cases of diabetes across the region is another primary parameter causing a surge in demand for organic palm sugar across the regional market.
The European regional market will record substantial growth over the review timeframe. The regional market's growth is being driven by the rise of diabetic patients and increased health cases. Furthermore, the presence of food processing units in European counties is also likely to boost the regional market's growth over the review timeframe.
The global Organic Palm Sugar Market Trends has an intensely competitive landscape with many active players. The players in the market are adopting several new strategies such as mergers, acquisitions, partnerships, and product developments to strengthen their market position. The list of prominent players in the global organic palm sugar market includes The Real Co Inc (US), Organic Wholefoods Limited (UK), Cocoa Sugar Indonesia (Indonesia), Phalada Agro Research Foundations Private Limited (India), Royal Pepper Company (US), Groovy Food Company Ltd. (UK), Windmill Organics Limited-Biona (UK), Palm Nectar Organics (Indonesia), Midsona Deutschland GmbH (Germany), Rabiah - Coconut Product (India), and several others.
• July 2021- UK producer Bonraw Foods is set to launch sustainable natural sweeteners to challenge the refined, white market. Co-founded in 2019 by former Tate & Lyle team member, Bonraw's first three products, Silverbirch, created from woody plants containing xylitol, Coconut Blossom from the palm's fresh sap, and organic Panela from dried cane juice, have succeeded well across the market.
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