The size of the global coconut sugar market is projected to increase from USD 3,635.3 million in 2023 to USD 4,936.2 million by 2033. Sales of the coconut sugar market are expected to increase at 3.6% CAGR over the forecast period between 2023 and 2033.
Coconut sugar is frequently used as a sweetener in the food & beverages sector. A significant part of its use is in baked goods, candy, beverages, and other similar items.
Coconut sugar has low calories in contrast to other sweeteners. Due to its lower calorific content than regular sugar, coconut sugar has diverse applications in the food sector.
The primary contribution to lifestyle-related diseases is the overabundance of sugars and synthetic sweeteners. Both of these have significant health repercussions for humans.
Customers are increasingly opting for alternative products such as coconut sugar, which is driving coconut sugar market revenue. The popularity of coconut sugar is fuelled by its high concentration of key vitamins and minerals such as magnesium, potassium, and zinc.
As per International Coconut Community, coconut sap sugar possesses an extremely low glycemic index (GI) of about 35, making it a food that won't cause blood sugar levels to rise.
Coconut sugar is used in the cosmetics sector, typically in skin care products. Coconut sugars digest starches faster and have less projected GI values than sugarcane sugars. It denotes their nutritional superiority to sugarcane.
The demand for coconut sugar is expected to rise steadily as a food ingredient throughout the forecast period. This is due to the increasing demand for healthy, high-quality food products. It gives coconut sugar producers in developing countries a chance. Its unique characteristics and expanding availability makes it a good choice for food manufacturers across the world.
The intensifying veganism trend is another element driving the need for coconut sugar. Coconut sugar is an additional vegan alternative to cane sugar. Occasionally, animal bone char is used to give ordinary sugar its white tint.
A raw, vegan alternative to regular sugar is coconut sugar. On its website, the animal rights organization People for the Ethical Treatment of Animals (PETA) suggests coconut sugar as a vegan alternative to regular sugar.
Key Trends Listed by Future Market Insights (FMI):
| Attributes | Key Insights |
|---|---|
| Estimated Global Coconut Sugar Market Size (2023E) | USD 3,635.3 million |
| Projected Market Value (2033F) | USD 4,936.2 million |
| Value-based CAGR (2023 to 2033) | 3.6% |
| Top 3 Countries’ Value Share (2023) | 34% |
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Future Market Insights (FMI) notes, the global coconut sugar market sales expanded at 2.3% CAGR during historical period from 2018 to 2022. For forecast period, the global market for coconut sugar is expected to progress at 3.6% CAGR.
As people become more conscious of their overall health and environmental, they seek out alternatives to processed sugar. Since coconut sugar delivers similar sensory experiences while providing additional nutrition. It appeals to both health enthusiasts and traditional sweet lovers alike.
Several farming communities in tropical regions rely on coconut trees as a primary source of income. These factors are anticipated to drive demand for this sustainably produced ingredient throughout the forecast period.
Coconut sugar is fast becoming popular in personal care products such as cosmetics and hair care due to its organic and natural properties. The growing trend for organic and natural skincare products is driving popularity of sugar made from coconuts in personal care products.
The market is being pushed by the rising incidence of lactose intolerance in the general population, as well as its wide application in the food and beverage sector. Consumer appetite for coconut sugar-infused goods for healthy skin, like body washes, shaving liquids, and body and face creams, has also been on the rise.
Government regulations supporting the consumption of organic sweeteners are also increasing coconut sugar market revenue. The Food and Drug Administration, or FDA, in the United States, for instance, has allowed the use of coconut sugar as a form of natural sweetener. These factors are fuelling popularity of coconut sugar across food and beverage makers.
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 5.0% |
| BPS Analysis | 174 |
| Market Value (2033) | USD 744.0 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 1.6% |
| BPS Analysis | -141 |
| Market Value (2033) | USD 135.7 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 6.3% |
| BPS Analysis | -274 |
| Market Value (2033) | USD 305 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 2.6% |
| BPS Analysis | 40 |
| Market Value (2033) | USD 54.7 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 3.5% |
| BPS Analysis | 60 |
| Market Value (2033) | USD 259.2 million |
Health-awareness and Eco-friendliness to Gain Traction in the United States
Consumers in the United States have been increasingly focused on living healthy and organic lifestyles, and consuming low calories. Coconut sugar has low glycaemic index, presence of trace minerals, and perceived superiority to other sweeteners.
Presence of several health-benefitting factors in coconut sugar makes it an attractive option for those seeking alternatives to processed sugar. This is a key reason why coconut sugar and its products are gaining popularity in the United States.
Another reason is eco-friendly and sustainable food consumption trends across the country. Buying locally grown produce or supporting socially responsible companies resonates strongly with American customers.
By nature, coconut sugar is produced through agroforestry systems that promote conservation and replanting, further cementing its positive reputation among environmentally-minded consumers. It is expected to reach USD 744 million by 2033.
Higher Availability and Health Benefits of Coconut Sugar Drives Demand in India
Indian customers consume coconut sugar on daily basis. This is because of easy availability and great produce quality domestically, from local to super markets. This leaves Indian consumers with a range of options to choose from, with product differentiation being a key factor in this market.
Healthy fats found in coconut sugar have been shown to reduce cholesterol levels and reduce the risk of heart disease. Dietary fiber known as inulin aids in maintaining a healthy gut, preventing colon cancer, and regulating blood sugar.
It should be noted that while regular table sugar is 100% sucrose, coconut sugar contains only around 75% sucrose.
Coconut sugar is rich in electrolytes. Electrolytes are crucial for preserving a healthy water balance because they guarantee the efficient operation of the heart, nerves, and muscles.
Potassium, magnesium, and sodium are abundant in coconut sugar, which aids in controlling the body's water balance. Coconut sugar actually contains 400 times more potassium than ordinary sugar. The country is expected to hit revenues worth USD 54.7 million by 2033.
Principal Consultant
Rising Demand for Natural Ingredients Driving Sales of Organic Coconut Sugar
Rising sales of organic coconut sugar reflect the increasing consumer demand for natural and healthier alternatives to conventional sweeteners. Modern consumers have become more health-conscious and seek to reduce their consumption of refined sugars and artificial sweeteners.
Due to high coconut sugar market demand, organic coconut sugar has emerged as a natural, unrefined option. The lower glycemic index, nutrient content, and mild caramel-like flavor of organic coconut sugar appeal to health-conscious consumers who are looking for a more sustainable and wholesome alternative to satisfy their sweet cravings.
The growing popularity of organic and eco-friendly products has further boosted the demand for organic coconut sugar. These changes in the market align with the now widely-accepted principles of sustainable and responsible consumption.
Food Industry Likely to Gain Supremacy in the Coconut Sugar Industry
Coconut sugar serves as a direct replacement for regular granulated white sugar in various recipes. It is used to add depth and complexity without altering structure or sweetness. Since it undergoes minimal refining processes, coconut sugar retains certain vitamins and minerals lost in heavily processed alternatives.
For baked goods such as bread, pastries, muffins, dessert sauces, candies, ice cream, puddings, and fruit preserves. Coconut sugar can be effectively swapped in without adjustment, enhancing flavor with a subtle tropical flair.
Due to its low sucrose composition compared to honey, coconut sugar syrup dissolves easily in hot liquids such as tea, coffee, or milk. This means less cloudiness than a few other sources of liquid sweetener.
A thick consistency makes coconut sugar better suited as a mix-in for coffee drinks or drizzled atop pancakes, waffles, French toast, and donuts. It helps in creating both visual appeal and flavouring agents for delicate pastries.
Key manufacturers might focus on differentiating their coconut sugar products by offering unique features or qualities. This could include organic or fair-trade certifications, non-GMO labels, sustainable sourcing practices, or specific flavor profiles. By emphasizing these differentiating factors, manufacturers aim to attract health-conscious and environmentally conscious consumers.
Ensuring consistent quality is crucial for manufacturers in the coconut sugar market. They might implement rigorous quality control measures at every stage of production, from sourcing coconuts to processing and packaging. By maintaining high product quality, manufacturers can build trust and loyalty among their customers.
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| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 3,635.3 million |
| Market Forecast Value in 2033 | USD 4,936.2 million |
| Global Growth Rate | 3.6% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Latin America; Europe; North America; South Asia; East Asia; Oceania; and Middle East and Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Italy, Spain, France, Germany, UK, Netherlands, Belgium, Russia, Nordic, Poland, Japan, South Korea, China, India, Malaysia, Thailand, Singapore, Australia, Indonesia, GCC Countries, New Zealand, Central Africa, South Africa, and others |
| Key Market Segments Covered | By Form, By Nature, By Application and Region |
| Key Companies Profiled | Big Tree Farms; Cocoa Sugar Indonesia; Celebes Coconut Corporation; Ecobuddy Group; Los RicosCompania Corporation; Madhava Ltd; PT Holos Integra; PT Mega InovasiOrganik; SunOpta Inc; The Coconut Company Ltd; Tardo Filipinas Incorporated |
The global coconut sugar market value is pegged at 3,635.3 million in 2023.
The global market size is poised to be around USD 4,936.2 million by 2033.
Growing demand for liquid sugar has increased the usefulness of coconut sugar.
The market value in North America to reach USD 744 million by 2033.
China, India, and the United States together hold 35 to 40% global market share.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size in Value (USD million) and Volume (Unit) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 7.1. Granular 7.2. Powdered 7.3. Liquid 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 8.1. Organic 8.2. Conventional 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Food & Beverages 9.2. Cosmetics and Personal Care Products 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country-level Market Analysis, 2023 19. Market Structure Analysis 20. Competition Analysis 20.1. DIC Corporation 20.2. Big Tree Farms 20.3. Cocoa Sugar Indonesia 20.4. Celebes Coconut Corporation 20.5. Ecobuddy Group 20.6. Los Ricos Compania Corporation 20.7. Madhava Ltd 20.8. PT Holos Integra 20.9. PT Mega Inovasi Organik 20.10. SunOpta Inc 20.11. The Coconut Company Ltd 20.12. Tardo Filipinas Incorporated 20.13. Other Players (On Additional Requests) 21. Research Methodology
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