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(MoneyNewsWire.Net, May 29, 2018 ) The Global Palm Sugar Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. Palm sugar is a sweetener derived from the liquid sap of any variety of palm trees. It also often termed as coconut palm sugar because both are processed in the same manner but different from botanical sources. Palm sugar consists of sugars from various palm trees such as Palmyra palm, sugar palm, nipa palm, date palm, and the coconut palm. Palm sugar is rich in nutrients, vitamins and minerals such as iron, potassium and zinc.
Palm sugar is an ingredient in both sweet and savoury dishes and produced by boiling the collected sap until it thicknesses. It is sold in bottles or tins and it allowed to thicken and crystalize over the period. Its colour is ranged from golden brown to dark brown or black. Palm sugar is added in food for the taste and quality nutritional value and it is mostly used in deserts, sweets, cakes and sauces. It is healthier than conventional sugar and other natural sweeteners because of its low glycemic index.
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The Global Palm Sugar Market is driven by the factors like increasing health preferences towards nutritional components. In addition, anxiety towards delicious food, change in life style, increase in the demand of confectionary food, low cost and low caloric content and an excellent substitute of oral rehydration solution also drives the market. However, lack of skilled professionals and stringent rules are hindering the growth of the market.
The Global Palm Sugar Market is segmented on the basis of nature, form and application. On the basis of nature, it is segmented into organic and conventional. Depending on the form, the market is segmented into solid and liquid. On the basis of application, the market is segmented into food and beverages manufactures and retailers. Food segment consists of bakery products, confectionery, frozen desserts, canning & freezing and non-sweet food products and beverages segment consists of energy drinks, smoothies and syrups. Food and beverage application holds a large share of palm sugar market.
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The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Asia-Pacific and African countries have the largest share in terms of production because palm trees mostly grow in tropical regions. North America has the large demand of palm sugar and Europe countries are the main importers of palm sugar.
Key players dominating the Global Palm Sugar Market are Real Raw Food, Felda Global Ventures, American Key Food Products, Taj Agro Products, Palm Nectar Organics, Royal Pepper Company, Wholesome, Big Tree Farms, Thai taste, Seven hills and Biona.
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