Global Coconut Sugar Market 2019-2023
About this market
Emergence of private label brands to gain traction. Private label brands products are manufactured and sold by retailers. Many retailers across the globe are coming up with their own brand of coconut sugar. Technavio’s analysts have predicted that the coconut sugar market will register a CAGR of over 8% by 2023.
Increasing vegan population
The number of individuals adopting the vegan lifestyle is increasing due to growing awareness about various health benefits of the vegan diet.
Rules and guidelines issued by various governments in different countries regarding sales, marketing and labeling of coconut sugar restrict the growth of the global coconut sugar market.
For the detailed list of factors that will drive and challenge the growth of the coconut sugar market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Nutiva, and TreeLife the competitive environment is quite intense. Factors such as the increasing vegan population and the emergence of private label brands, will provide considerable growth opportunities to coconut sugar manufactures. Celebes Coconut Corporation, Coco Sugar Indonesia, NOW Foods, Nutiva, and TreeLife are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Coconut Sugar Market 2019-2023
Technavio recognizes the following companies as the key players in the global coconut sugar market: Celebes Coconut Corporation, Coco Sugar Indonesia, NOW Foods, Nutiva, and TreeLife.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the emergence of private label brands.”
According to the report, one of the major drivers for this market is the increasing vegan population.
Celebes Coconut Corporation
Coco Sugar Indonesia
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook