Coconut Syrup - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Coconut Syrup Market is accounted for $160.49 million in 2019 and is expected to reach $344.02 million by 2027 growing at a CAGR of 10.0% during the forecast period. Growing demand for low glycemic index food products and increasing demand for natural sweeteners are driving the market growth. However, limited supply of raw materials and instable demand from the market are hampering the market growth.
Coconut syrup is made from the sap of coconut palm and sap is collected by cutting the flower of the tree. It is usually prepared from creamed coconut, water, sugar, citric acid, and preservatives. Coconut syrup is opaque white in appearance and has the consistency of molasses while having a Toffee-Esque taste and tangy sweetness. Coconut syrup acts as a perfect topping and addition to waffles, yoghurts, ice creams, porridge, pancakes, smoothies, drinks, and beverages, etc.
Based on the nature, the organic segment is going to have a lucrative growth during the forecast period due to changing consumer preferences towards healthy and non-genetically modifies food and containing loads of vitamins and minerals. By geography, North America is going to have a lucrative growth during the forecast period due to the rising health-conscious and vegan customers in countries like the U.S and the presence of key food manufacturers.
Some of the key players profiled in the Coconut Syrup Market include Wichy Plantation Company (Pvt) Ltd, Bali Nutra Ltd, Tradin Organic Agriculture B.V., Holos Integra, Wholesome Sweeteners Inc., BenevelleCoporation, Nutramarks Inc., Coconut Secret, Coconut Merchant Ltd, TREELIFE COCO SUGAR, ANDY ALBAO CORPORATION, and Singabera.
Sales Channels Covered:
• Direct Sales
• Indirect Sales
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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