"Market Intelligence that Adds Flavour to Your Success"

Coconut Syrup Market Size, Share & Industry Analysis, By Nature (Organic, Conventional ), By Application (Bakery, Confectionery, Beverages, Dairy) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104336 | Status : Ongoing

 

KEY MARKET INSIGHTS

Coconut syrup is a natural sweetener that is made from the nectar of coconut palm flowers. The coconut syrup is widely used in the food industry as it contains iron, potassium, calcium, zinc along with 17 essential amino acids. The natural sweeteners are gaining traction from the consumers due to their growing health concerns, which has led the manufacturers to utilize coconut syrup over regular cane sugar and honey in processed foods. Further, due to its low glycemic index, it has low impact on blood sugar levels in the body which makes it a healthier sweetener. This has led to its incorporation in various beverages such as lemonades, smoothies, and healthy dairy-free products.


The consumers shifting preferences towards organic and healthy sweeteners as they are healthier than the conventional variants is fuelling the coconut syrup market. Moreover, the coconut syrup is widely incorporated in various processed foods and beverages such as juices, tea, coffee, and bakery products to impart sweetness and enhance its nutritional properties, which is also boosting its market growth.

The increasing demand among consumers for natural flavoring and sweetening ingredients with the same taste and sweetness like sugar syrup is majorly driving the coconut syrup market. The coconut syrup has widely been used as an alternative sweetener to cane sugar and honey owing to its nutritional properties, along with being vegan and free from any artificial preservatives. Further, the rising demand for minimally processed food ingredients is also a driving factor in market growth.

Coconut syrup contains the same amount of calories and sucrose content as cane sugar which raises the blood triglycerides and lowers good cholesterol levels in the body. Further, more amount of coconut syrup has to be used to achieve the same level of sweetness as cane sugar and honey, which can increase calorie consumption. This leads to various negative health effects such as diabetes and obesity, which is hampering its market growth.

Up Arrow

Key Market Driver -

Increasing Demand from Consumers’ for Natural Flavoring Ingredients

Down Arrow

Key Market Restraint -

Adverse Health Effects Associated with Syrup Consumption


Key Players Covered:


The key companies operating in the global coconut syrup market are, Bali Nutra Ltd., Tradin Organic Agriculture B.V., Wholesome Sweeteners Inc., Benevelle Corporation, (PT) Wildly Organic, Coconut Secret, Coconut Merchant Ltd., Treelife, Rockwell's Whole Foods, and Wuhu Deli Foods Co., Ltd.

The conventional coconut syrup is likely to hold the major share in the market owing to its comparatively cheaper price than the organic variant. Along with this, the availability of conventional products is more in the market. The manufacturers operating in the coconut syrup industry prefer the conventional variant over organic due to their lower manufacturing and production costs.

The consumers increasing demand for healthier sweeteners due to their growing health consciousness has influenced the manufacturers to start incorporating coconut syrup as a sweetening agent in the products such as ready-to-drink beverages, cookies, chocolate bars, and others. This is expected to further drive its market in the upcoming years.

Regional Analysis:


North America is anticipated to witness robust growth in the market due to the wide consumption of beverages. The consumers are opting for healthier sweetening alternatives in their beverages owing to the associated health risks of consuming sugar. According to the American Diabetes Association, in the year 2018, nearly 10.5% of the U.S. population had diabetes, which has led the consumers to shift towards sweeteners with low glycemic index. This has led to an increase in demand for coconut syrup, which in turn is expected to fuel its regional market.

Asia Pacific is expected to foresee significant growth due to the growing recognition and utilization of coconut syrup as a natural sweetening and flavoring agent. Indonesia is the largest producer of coconut, which ensures abundant raw material availability in the region. Further, the growing inclination of consumers towards consuming healthier products, especially the millennials will influence the manufacturers to expand their production capabilities to meet consumer needs, which is expected to drive the market in the region.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE

  DETAILS

By Nature



  • Organic

  • Conventional



By Application



  • Bakery

  • Confectionery

  • Beverages

  • Dairy



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In October 2019, Marico Limited, launched coconut spreads under its vegan gourmet food range which is free-from additives and concocted using coconut milk and syrup in India. These product launches will fuel the demand for natural sweetening agent such as coconut syrup in the market.

  • In September 2016, Buko Foods Ltd. launched three new organic coconut jams made using coconut nectar syrup and milk in U.K. The product launch will aid the company in expanding the product range made with coconut syrup, which in turn increased the demand of coconut syrup.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Food & Beverages Clients
Kpmg
Pont Europe
Nissin
RMIT
Samyang
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X