logo image
search icon
Coconut Sugar Market

Coconut Sugar Market Size, Share & Trends Analysis Report By Application (Food And Beverage, Cosmetics And Personal Care), Sales Channel (Hypermarkets, Specialty Stores, E-Commerce, And Business-To-Business), Foam (Organic And Conventional) And By End User, By Region, And Segment Forecasts, 2024-2031

Report ID : 1548 | Published : 2024-04-17 | Pages: 180 | Format:

The Global Coconut Sugar Market Size of the is valued at USD 257.32 million in 2023 and is predicted to reach USD 438.61 million by the year 2031 at an 7.03% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • Coconut sugar offers opportunities for product diversification, including the development of new formulations, blends, and innovative applications.
  • The increasing consumer preference for natural and minimally processed sweeteners is a significant driver for the coconut sugar market.
  • North America dominated the market and accounted for a revenue share of global revenue in 2023.

Challenges in the coconut sugar supply chain, including issues related to weather conditions, crop yield variations, and transportation, can lead to fluctuations in supply and impact market stability

coconut suger

Coconut sugar, sometimes referred to as coconut sap sugar, is made from the sap of chopped coconut palm flower buds. Granules, rocks, granules, cubed, and liquid are all variations of coconut sugar. It is a traditional sweetener used for thousands of years because it includes essential minerals, macronutrients, and micronutrients. Vegetarian products are in higher demand than ever before.

Additionally, the demand for coconut sugar has lately surged due to its use in vegan products. The market for coconut sugar is anticipated to grow due to the rising prevalence of obesity and diabetes among a sizable portion of the world's population. Rising demand for the product is anticipated to drive market expansion in producing various skincare items like body scrubs, shaving gels, and face and body creams.

Moreover, the development of the coconut sugar market is projected to be boosted by the expansion of the FMCG sector and increased consumer demand for herbal skin and hair care products. Coconut sugar's glycemic index (GI) is around half that of conventional table sugar. Because of this, coconut sugar is the greatest substitute for people with diabetes. Demand for coconut sugar is projected to increase in the coming years due to the increased prevalence of diabetes. 

Recent Developments:

  • In February 2022-Big Tree Farms introduced Vacuum Evaporated Coconut Nectar (VECN) In February 2022, which aims to raise the bar for consistency and quality in the organic sweetener market. By advancing its formulation, VECN elevates conventional brown coconut sugar's outstanding health advantages and distinctive warm flavour.
  • In March 2021-The Philippines declared that it is attempting to enhance coconut production. In 2010, palm oil replaced coconut oil as the most popular oil in the majority of Filipino grocery stores. This is because it comes from more natural origins in Malaysia and Indonesia, which is more complex and widely available than coconut oil. 

Competitive Landscape:

Some of the major key players in the Coconut Sugar market are:

  • The Coconut Company (UK) Ltd
  • The Divine Foods
  • Franklin Baker
  • Coco Sugar Indonesia
  • Big Tree Farm
  • NOW Foods
  • Nutiva Inc
  • Madhava Ltd.
  • AGRIM PTE LTD
  • Tradin Organic Agriculture B.V.
  • Koperasi Nirasatria
  • Singabera
  • Treelife
  • Groovy Food Company Ltd
  • Connecticut Coconut Company
  • Betterbody Foods
  • Wholesome Sweetener Inc.
  • celebes coconut corporation
  • Amala Earth
  • Brio Feed
  • BetterBody Foods & Nutrition
  • PT Holos Integra
  • PT Mega InovasiOrganik
  • Saudi Food Ingredients Factory
  • SunOpta Inc.
  • Tardo Filipinas Incorporated. 

Market Segmentation:

The coconut sugar market is segmented on application, sales channel, foam and end users. Based on application, the coconut sugar market is divided into food and beverage, cosmetics and personal care. Based on sales channels, the market is segmented into hypermarkets, specialty stores, e-commerce, and business-to-business. Based on foam, the market is segmented into organic and conventional. Based on end users, the market is segmented into commercial and residential.

Based On Applications, The Personal Care Segment Is A Major Contributor To The Coconut Sugar Market

The personal care category is expected to hold a significant share of the global coconut sugar market in 2021. The structural formula of coconut sugar makes it perfect for scrubs and readily dissolves in a range of personal care products. Coconut sugar is a common ingredient in body washes, shampoo, and sunscreens. Additionally, coconut sugar has a pleasant sensation on the skin, driving a desire for personal care items. Due to the iron, zinc, calcium, and potassium content of coconut sugar, it is used to make moisturizers and creams.

The Organic Segment Witnessed Growth At A Rapid Rate

The organic sector is projected to grow rapidly in the global coconut sugar market. The market for organic coconut sugar is expected to expand because of the increasing demand for organic foods worldwide. Its glycemic index is lower when compared to pure sweets and nectar when they are organic, and this prevents the circulatory system's blood sugar from rising. Due to factors like the expanding popularity of Asian cuisine, the growing need for dairy substitutes, and possible medical benefits of the industry, the market is estimated to expand throughout the anticipated period., especially in countries such as the US, Germany, the UK, China, and India.

The North American Coconut Sugar Market Holds A Significant Regional Revenue Share

The North America coconut sugar market is expected to register the highest market share in revenue soon. The market is expected that the product's prices will increase due to the growing demand on the global market. The product cost is substantially higher internationally than in the domestic market. Therefore, companies must consider prices to enhance their market share globally. Additionally, the market is anticipated to grow substantially due to rising trends of between-meal snacking and increased snack consumption in North America. In addition, Asia Pacific is projected to grow rapidly in the global coconut sugar market. Since Malaysians and Indonesians have long utilized them as sweeteners, the Asia Pacific region is expected to experience tremendous growth. Furthermore, Indonesia produces the most coconuts worldwide, expanding the raw material supply. as consumers' discretionary cash has grown, they can buy the products for a premium cost, which has hastened the local market expansion. Asia Pacific is expected to produce most of the goods due to the readily available raw resources and technological advancement.

oconut Sugar Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 257.32 Mn

Revenue forecast in 2031

USD 438.61 Mn

Growth rate CAGR

CAGR of 7.03% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Application, Sales Channel, Form And End User

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

The Coconut Company (UK) Ltd, The Divine Foods, Franklin Baker, Coco Sugar Indonesia, Big Tree Farm, NOW Foods, Nutiva Inc, Madhava Ltd., AGRIM PTE LTD, Tradin Organic Agriculture B.V., Koperasi Nirasatria, Singabera, Treelife, Groovy Food Company Ltd, Connecticut Coconut Company, Betterbody Foods, Wholesome Sweetener Inc., celebes coconut corporation, Amala Earth, Brio Feed, BetterBody Foods & Nutrition, PT Holos Integra, PT Mega InovasiOrganik, Saudi Food Ingredients Factory, SunOpta Inc. , Tardo Filipinas Incorporated.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Coconut Sugar Market Snapshot

Chapter 4. Global Coconut Sugar Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

5.2.1. Food and Beverage
5.2.2. Cosmetics
5.2.3. Personal Care

Chapter 6. Market Segmentation 2: by Sales Channel Estimates & Trend Analysis
6.1. by Sales Channel & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Sales Channel:

6.2.1. Hypermarkets
6.2.2. Specialty Stores
6.2.3. E-Commerce
6.2.4. Business to Business

Chapter 7. Market Segmentation 3: by Form Estimates & Trend Analysis
7.1. by Form & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Form:

7.2.1. Organic
7.2.2. Conventional

Chapter 8. Market Segmentation 4: by End User Estimates & Trend Analysis
8.1. by End User & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End User:

8.2.1. Commercial
8.2.2. Residential

Chapter 9. Coconut Sugar Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.1.2. North America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2024-2031
9.1.3. North America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.1.4. North America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.1.5. North America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.2. Europe

9.2.1. Europe Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.2.2. Europe Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2024-2031
9.2.3. Europe Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.2.4. Europe Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.2.5. Europe Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.3. Asia Pacific

9.3.1. Asia Pacific Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.3.2. Asia Pacific Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2024-2031
9.3.3. Asia-Pacific Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.3.4. Asia-Pacific Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.3.5. Asia Pacific Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.4. Latin America

9.4.1. Latin America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.4.2. Latin America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2024-2031
9.4.3. Latin America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.4.4. Latin America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.4.5. Latin America Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.5. Middle East & Africa

9.5.1. Middle East & Africa Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
9.5.2. Middle East & Africa Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Sales Channel, 2024-2031
9.5.3. Middle East & Africa Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.5.4. Middle East & Africa Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.5.5. Middle East & Africa Coconut Sugar Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles


10.2.1. The Coconut Company (UK) Ltd
10.2.2. The Divine Foods
10.2.3. Franklin Baker
10.2.4. Coco Sugar Indonesia
10.2.5. Big Tree Farm
10.2.6. NOW Foods
10.2.7. Nutiva Inc
10.2.8. Madhava Ltd.
10.2.9. AGRIM PTE LTD
10.2.10. Tradin Organic Agriculture B.V.
10.2.11. Koperasi Nirasatria
10.2.12. Singabera
10.2.13. Treelife
10.2.14. Groovy Food Company Ltd
10.2.15. Connecticut Coconut Company
10.2.16. Betterbody Foods
10.2.17. Wholesome Sweetener Inc.
10.2.18. celebes coconut corporation
10.2.19. Amala Earth
10.2.20. Brio Feed
10.2.21. BetterBody Foods & Nutrition
10.2.22. PT Holos Integra
10.2.23. PT Mega InovasiOrganik
10.2.24. Saudi Food Ingredients Factory
10.2.25. SunOpta Inc.
10.2.26. Tardo Filipinas Incorporated.
10.2.27. Other Prominent Players

Segmentation of Coconut Sugar Market-

Coconut Sugar Market By Application

  • Food and Beverage
  • Cosmetics
  • Personal Care

coconut sugar

Coconut Sugar Market By Sales Channel        

  • Hypermarkets
  • Specialty Stores
  • E-Commerce
  • Business to Business

Coconut Sugar Market By Form

  • Organic
  • Conventional

Coconut Sugar Market By End User       

  • Commercial
  • Residential

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the Coconut Sugar Market?

Coconut Sugar Market expected to grow at 7.03% CAGR during the forecast period for 2024-2031

The Coconut Company (UK) Ltd, The Divine Foods, Franklin Baker, Coco Sugar Indonesia, Big Tree Farm, NOW Foods, Nutiva Inc, Madhava Ltd., AGRIM PTE LT

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Food & Beverages

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach