ALL >> Business >> View Article
Palm Sugar Industry | Market Forecast, Types, Region And Competition Analysis With Forecast To 2023
Some of the key players in the global palm sugar market are FGV Holdings Berhad (Malaysia), American Key Food Products Inc. (US), Big Tree Farms, Inc. (Indonesia), Navitas Organics LLC (US), Wholesome Sweeteners, Inc. (US), Windmill Organics Limited (UK), Organika Health Products Inc.(Canada), Royal Pepper Company (US), Taj Agro Limited (India), Asana Inc. (US), Betterbody Foods and Nutrition LLC (US), Sevenhills Wholefoods (UK), E&E Farms, Inc.(US), Phalada Agro Research Foundation (India), and Palm Nectar Organics (US)
Palm sugar is obtained from different types of palm trees such as coconut palm, date palm, and nipa palm. The sugar extracted from different palms may have slightly differing compositions. Palm sugar is used in both sweet and savory dishes. It is known as natural sugar since it involves minimum processing and no chemicals are used in the manufacturing process. Since palm sugar is an unrefined sugar, it is rich in vitamins and minerals. Palm sugar is widely used in the manufacturing of cookies, muffins, and puddings. Palm sugar is also used in making pancakes, ...
... waffles, and as a sweetener for iced tea commercially as well as in households. Such factors and a wide range of applications are directly influencing the growth of the palm sugar market globally. The global palm sugar market is projected to register a growth rate of 3.4% from 2019 to 2024 to reach a market value of USD 2.1 Billion by the end of 2024.
Palm Sugar Industry has been divided, by category, into organic and conventional. The conventional segment is expected to dominate the global palm sugar market during the forecast period. Palm trees are widely grown in the conventional form since the rearer incurs low costs in this type of farming. Moreover, easy availability of conventionally grown palm trees and its reasonable pricing are aiding the global demand for conventional palm sugar. The organic segment is expected to grow at a faster rate during the assessment period since the demand for palm sugar obtained from palm trees, grown in an organic environment without the use of harmful chemicals, is growing among the health-conscious consumers as a safer alternative to the sugar obtained from the conventionally grown palm tree.
Based on form, the global palm sugar market has been segmented into powder, crystal, and liquid. The powder segment is expected to dominate the global palm sugar market during the forecast period. Powdered palm sugar is widely used in bakery and confectionery and in the frozen desserts in households as well as by food processors. It can be stored for a longer time and is less susceptible to the formation of fungus. The liquid segment is expected to register the highest CAGR during the forecast period due to increasing demand for highly nutritive beverages among consumers.
The global market for palm sugar has also been classified, by application, into food & beverages and personal care. The food & beverages segment is expected to generate higher revenue due to the growing demand for baked products, snacks, and convenience food among the consumers. Moreover, increasing consumption of energy bars among health-conscious consumers and increasing demand for naturally sweetened baked products are further fueling the growth of the segment. The food & beverages segment is further subdivided into bakery & confectionery, beverages, dairy and frozen desserts, and sweet and savory snacks. The bakery & confectionery sub-segment is expected to dominate the global palm sugar market during the forecast period. However, the beverages sub-segment is expected to grow at a faster rate during the assessment period.
The personal care segment is expected to register the highest CAGR during the assessment period owing to increasing awareness of the benefits of palm sugar in health and beauty products among customers.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/palm-sugar-market-8095
The global palm sugar market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The market in Asia-Pacific is expected to dominate the palm sugar market during the forecast period. The growing popularity of organic, natural, and healthy ingredients in the food processing industry is expected to be a driver for the growth of the palm sugar market in the region during the forecast period. Several food manufacturers are entering the palm sugar market in the Asia-Pacific, owing to the high profit margins. The factors mentioned above are predicted to fuel the growth of the global market for palm sugar.
The palm sugar market in North America is expected to grow at the fastest rate during the forecast period due to increasing health consciousness among consumers and technological advancements in the food processing industry of the region.
Business Articles1. Best Property Preservation Updating Services In Alabama
Author: RPR Services
2. Expansion Of Photoresist & Photoresist Ancillaries Market Will Remain Close To Being Stagnant Through 2025
Author: Jack Martin
3. 6 Easy Ways To Protect Your Home From Burglaries
Author: AYS System
4. Difc Investment Crowdfunding Business License - 10 Leaves
5. How To Find The Most Profitable On-demand Business With Uber Clone App
Author: Maria Smith
6. How Does The Uber Clone App Work? How Do I Choose The Best Uber Clone Script?
Author: Uber clone scipt
7. How To Obtain Fssc 22000 Certification In 5 Simple Steps
8. Best Playschool Franchise - iris florets
9. 2507 Super Duplex Round Bars
Author: chhajed alloys
10. Why Do Businesses Opt For Commercial Housekeeping Services?
Author: Tuskers India
11. Benefits Of Outsourcing Housekeeping Services
Author: Tuskers India
12. Specific Details Regarding Frp Pipes
Author: D CHEL OIL AND GAS
13. Why Are On-demand Home Services Apps The Next Big Thing In The Business World?
Author: Lilac Homier
14. Same Day Payday Loans For Cash Advance For Your Convenience
Author: Amy Jones
15. Specific Details Regarding Forged Circles And Forged Rings
Author: kanak metal & alloys