Selbyville, Delaware, June 10, 2024 (GLOBE NEWSWIRE) --
The coconut syrup market valuation is predicted to surpass USD 557.6 million by 2032, as reported in a research study by Global Market Insights Inc.
The coconut syrup market is witnessing an increase in demand as companies introduce new coconut-based beverages to meet consumer demand for amazing healthy beverage options.
With the increasing recognition of the health benefits of coconut extracts and the increasing popularity of plant substitutes, coconut syrup has become a favored ingredient in the manufacturing of energy drinks. For instance, in April 2024, the Dr Pepper the soda company revealed their new Creamy Coconut and Creamy Coconut Zero Sugar drinks. The new drinks are inspired by "dirty sodas" found in Utah, which often come with coconut syrup, soda, and cream. Furthermore, as consumers increasingly prioritize healthy lifestyles, demand for natural sweeteners such as coconut syrup is on the rise.
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The coconut syrup market from the powder segment could exhibit a commendable growth rate over 2024-2032, according to the report. Coconut syrup powder provides a solid, shelf-stable alternative to liquid syrup, making it easier to transport and store. This powder form is highly soluble, making it quick and easy to add to a variety of foods and beverages, including baked goods, smoothies, and desserts. Besides, coconut syrup powder that is easy to use in the long term makes for an ideal product for manufacturers looking to add a rich coconut flavor to their products.
The organic segment will register a noteworthy CAGR from 2024 to 2032, as per the report. Organic coconut syrup is obtained from the juice of organically grown coconuts, free of pesticides and artificial fertilizers. As consumers become increasingly health conscious, they demand recyclable and environmentally friendly products. Organic coconut fits these criteria, providing a sweet caramel-like flavor with a variety of nutrients. This heightened awareness of health and sustainability is driving demand for organic coconut syrup, as it aligns with consumer desire for cleaner, more natural food options.
Europe coconut syrup market will register a robust CAGR between 2024 and 2032. Increased emphasis on organic natural ingredients has made coconut syrup popular as a versatile alternative to traditional sweets. European consumers appreciate the taste and nutritional benefits of coconut syrup, which is rich with a low glycemic index and high mineral content. Also, the rising vegan and plant-based diets in Europe are a reason for the increased demand for coconut syrup. As a result, the coconut syrup market in Europe continues to expand.
Prominent companies operating in the coconut syrup market include Suncore Foods, Wholesome!, Monin, Madhava Sweeteners, Coconut Secret, Big Tree Farms.
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The coconut syrup market is witnessing increasing demand driven by company efforts specifically tailored to this market. Food and beverage companies are recognizing the potential of coconut syrup as a versatile natural sweetener, leading to a variety of strategies, including new product developments. Additionally, marketing efforts focused on emphasizing the health benefits and sustainability of coconut syrup are expanding consumer awareness and driving sales. As companies invest in research, development, and marketing, the coconut syrup market is poised for significant growth.
In May 2021, Lionheart Farms in Rizal City, Palawan, urged consumers to try their latest variety of coconut-derived food products, available at NCCC Mall and Lazada City in Puerto Princesa City. The COCOES line of products offered coconut-based syrups and juices ideal for everyday meals and snacks.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Coconut Syrup market 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Form trends
2.1.4 Nature trends
2.1.5 Function trends
2.1.6 End user trends
Chapter 3 Coconut Syrup Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Raw material suppliers
3.1.2 Manufacturers
3.1.3 Profit margin analysis
3.1.4 Distribution channel analysis
3.1.5 End-users
3.1.6 Vendor matrix
3.1.6.1 List of key raw material suppliers
3.1.6.2 List of key manufacturers/suppliers
3.1.6.3 Lits of key/potential customers
3.2 Technology landscape
3.3 Regulatory landscape
3.3.1 North America
3.3.2 Europe
3.3.3 Asia Pacific
3.3.4 Latin America
3.3.5 Middle East & Africa
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.2 Industry pitfalls & challenges
3.5 Pricing analysis
3.5.1 Regional pricing
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia Pacific
3.5.1.4 Latin America
3.5.1.5 Middle East & Africa
3.5.2 Cost structure analysis
3.5.2.1 R&D cost
3.5.2.2 Manufacturing & equipment cost
3.5.2.3 Raw material cost
3.5.2.4 Distribution cost
3.5.2.5 Operating cost
3.5.2.6 Miscellaneous cost
3.6 Innovation & sustainability
3.6.1 Patent analysis
3.7 Growth potential analysis, 2019
3.8 Porter's analysis
3.9 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
