Global Coconut Syrup Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Nature (Organic, Conventional), By Form (Liquid, Powdered, Others), By Function (Sweetening, Preservative, Texturing, Flavoring), By Applications (Food, Beverage), By Distribution Channel (Offline, Online), And By Geography- Forecast From 2020 To 2025
Published:  May 2021 Report Code: KSI061613928 Pages: 129

The global coconut syrup market is evaluated at US$410.667 million for the year 2019 growing at a CAGR of 4.77% reaching the market size of US$543.093 million by the year 2025. Coconut Syrup Market is expected to grow at a significant rate in the coming years.

Coconut syrup, also known as a natural sweetener, is formed from the nectar of coconut fruit and flowers. The flowers release nectar or sap. The sap is then heated, and the water gets evaporate, which gives a yielding concentrated coconut syrup. The coconut syrup can also be prepared from coconut water, citric acid, sugar, preservatives, and creamed coconut. It has a white appearance with a tangy, butterfly, and rich caramel-like flavor. It is mainly used in the food and beverage industries. It has a specific range of medical and health properties which will also lead to a surge in the demand for coconut syrup in the coming years. Natural syrups are being in constant demand in the market because of their nutritious properties. Coconut syrup has a significant presence in the Asia Pacific followed by North America and Europe.

Millennials are generating a significant impact on the market

The growing demand for natural and sugar-free products is developing a trend in the market. There are a lot of consumers that are now constantly changing their preferences. There is a surge in sugar-free products led by health-conscious consumers worldwide. Because of that, natural sweeteners are gaining significant prominence worldwide. This gradual shift among the consumers has opened a new wave and a plethora of opportunities for various stakeholders in the natural syrup market. Food and beverage are making a significant impact on the market. The companies are investing a huge amount of capital into organic and conventional syrups. A coconut syrup comes in flavored and unflavored types. Nectar of the coconut flour is treated to avoid caramel flavor and fermentation. The processing of coconut syrup is very efficient and is free from additional harmful preservatives. It is generating a significant demand because of its phytonutrients and antioxidant properties. It is also useful and beneficial for diabetes and obesity problems. Coconut Syrup is also known for its lower glycemic index. There is some research conducted by various prominent research institutions related to coconut syrup ingredients. Chronic diseases are prevented by the lower glycemic index. The syrup has vitamin B, Vitamin C, amino acid properties, and benefits. It is also used as a flavor improver and as a topping for various bakery products. With the surging consumer knowledge about the health applications of a food product, the demand for coconut syrup will continue to soar at a significant rate.

Organic Segment to Register a significant Growth

Organic segments and conventional segments are the two types of coconut syrup that come under the nature segment. Conventional Coconut Syrup has a major and a substantial share in the market and will continue to have significant growth. This is due to the fact the average life of the coconut tree is around 40 years and which removes the hurdle of continuous replantation. Conventional Syrups have additional preservatives. On the other hand, Organic Syrup is free from preservatives and has a comparatively lower glycemic index as compared to agave, honey, and cane sugar. Organic Syrup will also have a decent growth owing to various consumer preferences. In the future, the supply chain of conventional coconuts could be disrupted due to low and minimum yields, which in turn could be beneficial for the organic coconut suppliers. But, in the term, the conventional segment will continue to hold a significant share.

global coconut syrup market

The liquid syrup segment continues to grow

The liquid segment holds the majority of the global market share because of its availability. There are other reasons such as the lower cost of the processing method. The powdered segment will also have decent growth because of the surge in the number of players operating in the industry and investing more capital in R&D and Inventory.

The sweetening segment continues to have an impact

The sweetening Segment holds the majority of the share in the global coconut syrup market and will continue to have a significant impact in the future. This is due to its sweetening bending and applications in food and beverage segments. It sweetens or neutralizes the various taste in a specific beverage such as milk, alcohol, and others. The flavoring segment also holds a significant share after the sweetening segment as it is also in demand for its use in various beverages such as smoothies, cocktails, milk, and others. It is also used in various food-based products such as bakery, confectionery, salads, and sauce, and dairy. The preservative and texturing segment will also a significant growth.

The surge in the demand for coconut syrup in food products

The food segment will continue to hold the majority of the market share followed by the beverage segment. This is due to the demand for coconut syrup in various food-based products such as cakes, biscuits, sweets, chocolates, sauce, and salads. The beverage segment will also register significant growth in the market.

Distribution Channel

The offline segment such as supermarkets and retail stores has a major market share. Companies tend to direct the product to the consumer with traditional methods. It is a relatively novel market, and the manufacturers have a significant role in marketing and sales. The online segment will continue to grow as the demand for coconut syrup surges and continuous advancement in E-Commerce sales, manufactures will tend to look at more options.

Regional Analysis

The Asia Pacific holds the majority of the share in the market in terms of revenue as well as exports. North America will register significant growth in the coming years due to the surge of health-conscious consumers. Europe will also have decent growth in the future. Asia Pacific region is leading because of the easier availability of coconut fruit and a lot of farmers are in the coconut cultivation sector. The region has the most population and is the fastest-growing region. Countries like Indonesia, Thailand, the Philippines, Sri Lanka, and India are some of the major exporters of Coconut worldwide. China and the USA are the major importers of Coconut.

global coconut syrup market

Competitive Analysis

Some of the major Coconut Syrup Companies are Singabera, Treelife Coco Sugar, Coconut Secret, Holos Integra, Bali Nutra Ltd., Benevelle Corporation, Andy Alabo Corporation, Wholesome Sweeteners Inc., Wichy Plantation Company Pvt Ltd., Coconut Merchant Ltd. There is considerable competition as there are a substantial number of manufacturers worldwide. Local players have an imperative role in the Coconut Syrup Industry. Bigger Companies are investing significant capital in the R&D and innovation of natural sweeteners.

Global Coconut Syrup Market Scope:

Report Metric Details
 Market size value in 2019  US$410.667 million
 Market size value in 2025  US$543.093 million
 Growth Rate  CAGR of 4.77% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Million
 Segments covered  Nature, Form, Function, Applications, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Singabera, Treelife Cocoa Sugar, Coconut Secret, Holos Integra, Bali Nutra Ltd.,   Benevelle Corporation, Andy Alabo Corporation, Wholesome Sweeteners Inc., Wichy   Plantation Company Pvt Ltd., Coconut Merchant Ltd.
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Nature
    • Organic
    • Conventional
  • By Form
    • Liquid
    • Powdered
    • Others
  • By Function
    • Sweetening
    • Preservative
    • Texturing
    • Flavoring
  • By Applications
    • Food
      • Bakery and Confectionary
      • Dairy
      • Others
    • Beverage
      • Alcoholic Beverages
      • Milk
      • Others
  • By Distribution Channel
    • Offline
      • Hypermarkets
      • Others
    • Online
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Others
    • The Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific Region
      • China
      • India
      • Japan
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the coconut syrup market?
A1. The coconut syrup market is expected to grow at a CAGR of 4.77% during the forecast period.
 
Q2. What is the size of the global coconut syrup market?
A2. The Coconut Syrup market is evaluated at US$410.667 million for the year 2019.
 
Q3. What will be the coconut syrup market size by 2025?
A3. The global coconut syrup market is expected to reach a total market size of US$543.093 million by 2025.
 
Q4. Which region holds the largest market share in the coconut syrup market?
A4. The Asia Pacific holds the majority of the coconut syrup market share in the market in terms of revenue as well as exports.
 
Q5. What factors are anticipated to drive the coconut syrup market growth?
A5. It has a specific range of medical and health properties which will lead to a surge in the demand for coconut syrup in the coming years.
1.  Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2.  Research Methodology
2.1. Research Data
2.2. Assumptions
 
3.  Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Global Coconut Syrup Market Analysis, By Nature (Value in US$) (Volume in Tons)
5.1. Introduction
5.2. Organic
5.3. Conventional
 
6.  Global Coconut Syrup Market Analysis, By Form (Value in US$) (Volume in Tons)
6.1. Introduction
6.2. Liquid
6.3. Powdered
6.4. Others
 
7. Global Coconut Syrup Market Analysis, By Function (Value in US$) (Value in Tons)
7.1. Introduction
7.2. Sweetening
7.3. Preservative
7.4. Texturing
7.5. Flavoring 
 
8. Global Coconut Syrup Market Analysis, By Applications (Value in US$) (Value in Tons)
8.1. Introduction
8.2. Food
8.2.1. Bakery and Confectionary
8.2.2. Dairy
8.2.3. Others
8.3. Beverage
8.3.1. Alcoholic Beverages
8.3.2. Milk
8.3.3. Others
 
9. Global Coconut Syrup Market Analysis, By Distribution Channel (Value in US$) (Vol-ume in Tons)
9.1. Introduction
9.2. Offline
9.2.1. Hypermarkets
9.2.2. Others
9.3. Online
 
10. Global Coconut Syrup Market Analysis, By Geography (Value in US$) (Volume in Tons)
10.1. Introduction
10.2. North America (Value in US$ Million) (Volume in Tons)
10.2.1. North America Coconut Syrup Market Analysis, By Nature, 2019 to 2025
10.2.2. North America Coconut Syrup Market Analysis, By Form, 2019 to 2025
10.2.3. North America Coconut Syrup Market Analysis, By Function, 2019 to 2025
10.2.4. North America Coconut Syrup Market Analysis, By Applications, 2019 to 2025
10.2.5. North America Coconut Syrup Market Analysis, By Distribution Channel, 2019 to 2025
10.2.6. By Country
10.2.6.1. USA
10.2.6.2. Canada
10.2.6.3. Mexico
10.2.6.4.
10.3. South America (Value in US$ Million) (Volume in Tons)
10.3.1. South America Coconut Syrup Market Analysis, By Nature, 2019 to 2025
10.3.2. South America Coconut Syrup Market Analysis, By Form, 2019 to 2025
10.3.3. South America Coconut Syrup Market Analysis, By Function, 2019 to 2025
10.3.4. South America Coconut Syrup Market Analysis, By Applications, 2019 to 2025
10.3.5. South America Coconut Syrup Market Analysis, By Distribution Channel, 2019 to 2025
10.3.6. By Country
10.3.6.1. Brazil
10.3.6.2. Argentina
10.3.6.3. Others
10.4. Europe (Value in US$ Million) (Volume in Tons)
10.4.1. Europe Coconut Syrup Market Analysis, By Nature, 2019 to 2025
10.4.2. Europe Coconut Syrup Market Analysis, By Form, 2019 to 2025
10.4.3. Europe Coconut Syrup Market Analysis, By Function, 2019 to 2025
10.4.4. Europe Coconut Syrup Market Analysis, By Applications, 2019 to 2025
10.4.5. Europe Coconut Syrup Market Analysis, By Distribution Channel, 2019 to 2025
10.4.6. By Country
10.4.6.1. Germany
10.4.6.2. France
10.4.6.3. United Kingdom
10.4.6.4. Italy
10.4.6.5. Others
10.5. The Middle East and Africa (Value in US$ Million) (Volume in Tons)
10.5.1. The Middle East and Africa Coconut Syrup Market Analysis, By Nature, 2019 to 2025
10.5.2. The Middle East and Africa Coconut Syrup Market Analysis, By Form, 2019 to 2025
10.5.3. The Middle East and Africa Coconut Syrup Market Analysis, By Function, 2019 to 2025
10.5.4. The Middle East and Africa Coconut Syrup Market Analysis, By Applications, 2019 to 2025
10.5.5. The Middle East and Africa Coconut Syrup Market Analysis, By Distribution Channel, 2019 to 2025
10.5.6. By Country
10.5.6.1. Saudi Arabia
10.5.6.2. South Africa
10.5.6.3. Others
10.6. Asia Pacific (Value in US$ Million) (Volume in Tons)
10.6.1. Asia Pacific Coconut Syrup Market Analysis, By Nature, 2019 to 2025
10.6.2. Asia Pacific Coconut Syrup Market Analysis, By Form, 2019 to 2025
10.6.3. Asia Pacific Coconut Syrup Market Analysis, By Function, 2019 to 2025
10.6.4. Asia Pacific Coconut Syrup Market Analysis, By Applications, 2019 to 2025
10.6.5. Asia Pacific Coconut Syrup Market Analysis, By Distribution Channel, 2019 to 2025
10.6.6. By Country
10.6.6.1. China
10.6.6.2. India
10.6.6.3. Japan
10.6.6.4. South Korea
10.6.6.5. Others
 
11.  Competitive Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, And Collaborations
11.4. Vendor Competitiveness Matrix
 
12. Company Profiles
12.1. Singabera
12.2. Treelife Cocoa Sugar 
12.3. Coconut Secret
12.4. Holos Integra
12.5. Bali Nutra Ltd.
12.6. Benevelle Corporation
12.7. Andy Alabo Corporation
12.8. Wholesome Sweeteners Inc.
12.9. Wichy Plantation Company Pvt Ltd. 
12.10. Coconut Merchant Ltd.

 Singabera

 Treelife Cocoa Sugar

 Coconut Secret

 Holos Integra

 Bali Nutra Ltd.

 Benevelle Corporation

 Andy Alabo Corporation

 Wholesome Sweeteners Inc.

 Wichy Plantation Company Pvt Ltd.

 Coconut Merchant Ltd.

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