The new report by Expert Market Research titled, 'Global Coconut Nectar Syrup Market Report and Forecast 2021-2026', gives an in-depth analysis of the global coconut nectar syrup market, assessing the market based on its segments like nature, applications, end use sectors 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 analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 167.99 million
- Forecast CAGR (2021-2026): 7 %
- Forecast Market Size (2026): USD 235.61 million
The growing market for nutritious food and beverages boosts coconut nectar syrup demand. The increasing understanding of people's wellbeing among individuals has led to the use of natural sweeteners, a major factor in the development of the demand in coconut nectar syrup. Coconut nectar syrup is a perfect source of amino acids and vitamins, which draws a health-conscious people.
Industry Definition and Major Segments
Coconut nectar from the cocoon flowers is drained from the sap. The flower saap is produced by storage, filtering and boiling, obtained from the green cocoon flower. It has a high concentration of minerals and iron and thus helps the body control blood pressure. Coconut nectar syrup is a natural sweetener of fructose, making it a perfect substitute for usual sugars and other sweeteners.
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On the basis of nature, the market is bifurcated into:
The various applications of coconut nectar syrup are:
Based on end use sectors, the industry is segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The prevalence of diabetes is growing and natural sweetening ingredients such as coconut nectar syrup are increasingly preferable. The nectar syrup in coconut is commonly used to give a sweet taste to raw chocolate and to provide homemade desserts with smoothness. In various products, coconut nectar syrup is used in different food industry sectors. The growing use in bakery and confectionary has proved to be a major factor in the growth of coconut nectar syrup. The expanded use of safe additives in bakery and confectionary products has a positive effect on the demand for coconut nectar syrup. The global coconut nectar syrup market is therefore expected to experience an increase in value and volume over the next years due to the increasing popularity of natural sweeteners.
Key Market Players
The major players in the market are Davidsun Coconut Products, Pure Coco., Superfood d.d.o, among others. The report covers the market shares, capacities, 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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