The new report by Expert Market Research titled, ‘Global Coconut Nectar Syrup Market Report and Forecast 2021-2026’, gives in-depth analysis of the global coconut nectar syrup market, assessing the market based on its segments like nature, application, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026): -
- Historical Market size (2020): - USD 167.99 Million (Global Coconut Syrup Market)
- Forecast CAGR (2021-2026): - 7% (Global Coconut Syrup Market)
The market for coconut nectar syrup is boosting the rising demand for healthy food and beverages. The growing understanding of health among individuals has resulted in the use of natural sweeteners, which is one of the major factors driving the demand for coconut nectar syrup. Coconut nectar syrup, which is a perfect source of amino acids and vitamins, attracts health-conscious individuals. The growing use of coconut nectar syrup in the bakery and confectionery sectors has proven to contribute to the growth of the demand for coconut nectar syrup. The increased use of safe additives in baking products and confectionary products has a positive effect on the demand for coconut nectar syrup.
Industry Definition and Major Segments
Organic coconut syrup refers to a syrup produced from coconut flower nectar. The coconut flower liquid collected is refined to form coconut syrup, which is obtained after moisture is extracted. The nectar treatment is performed as soon as it is obtained to prevent fermentation and caramel formation. Organic coconut syrup is widely used as a natural sweetener.
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On the basis of nature, the industry is divided into:
On the basis of application, the industry is divided into:
On the basis of end-use sector, the industry is divided into:
On the basis of region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The demand for organic coconut syrup is mainly driven by changing consumer preferences for healthier foods that are not genetically modified. The demand for GMO and non-GMO foods has been limited due to adverse effects. As several food processing companies have begun to concentrate on organic foods, the organic coconut syrup market will face a rise in demand. There is no shortage of organic coconut syrups, according to the experts, and farmers are willing to grow coconut crops, but the supply-demand chain will continue to be disrupted in the long term due to the low yields. Therefore, because of its versatile advantages, the organic coconut syrup market is expected to rise during the forecast period. The coconut nectar syrup market is expected to show growth in both Europe and North America with growing recognition and an increasing number of health-conscious individuals.
Key Market Players
The major players in the market are Davidsun Coconut Products, Pure Coco., and Superfood d.o.o, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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