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Global Palm Sugar Market: Demand for Organic Palm Sugar Witnessing Robust Growth

Press release Description

Albany, New York, March 29, 2018: A new insightful study titled “Global Market Study on Palm Sugar: Liquid Segment by Form to Witness the Fastest Growth Both in Terms of Value & Volume During 2017 – 2025” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global palm sugar market is likely to grow at a CAGR of 3.4% during the assessment period. In terms of revenues, the global market is projected to reach US$ 2.2 Bn by the end of the forecast period.

According to the report, the demand for palm sugar is growing on account of pervasive health and wellness trend. Consumers around the globe are focusing on consuming organic food products, which has led to increase in demand for palm sugar. Further, growing use of palm sugar in biscuits and cakes is also likely to provide an impetus to growth during the assessment period.

The report segments the global palm sugar market into distribution channel, end-use, form, origin and region. The distribution channel segment is further bifurcated into direct and indirect. The end use segment is sub-segmented into household, foodservice and food & beverage. On the basis of form segment, the global market is categorized into liquid, crystal and powder. By origin, the global market is sub-segmented into conventional and organic. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Africa.

On the basis of origin, conventional palm sugar still accounts for a higher revenue share, however, demand for organic palm sugar is growing at a brisk pace. The report projects organic palm sugar to grow at 4.4% CAGR in terms of revenue during the assessment period. By form, demand for powder palm sugar is likely to remain higher than liquid segment. By end use, household remains one of the leading segments, accounting for nearly 80% revenue share of the market globally.

By distribution channel, indirect channel is likely to remain a lucrative channel, whereas direct channel is expected to grow at a steady pace during the assessment period. The report profiles some of the leading players operating in the market. Some of these players are Phalada Agro Research Foundation, Royal Pepper Company, Sevenhills Wholefoods, e Farms, Inc., Betterbody Foods & Nutrition LLC, Big Tree Farms, Organika Health Products Inc., Wholesome Sweeteners, Inc., Asana Foods, Windmill Organics Ltd and Navitas Organics.

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