Asia-Pacific Palm Sugar Market Size is estimated to be worth USD 171.92 million in 2024 and estimated to be growing at a CAGR of 5.28 %, to reach USD 222.49 billion by 2029.
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.The Asia-Pacific 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.
This Research Report on Asia-Pacific Palm Sugar Market is segmented and sub segmented into following categories.
Asia-Pacific Palm Sugar Market By Nature
Asia-Pacific Palm Sugar Market By Form
Asia-Pacific Palm Sugar Market By Application
The food segment consists of bakery products, confectionery, frozen desserts, canning & freezing, and the non-sweet food products and beverages segment consists of energy drinks, smoothies and syrups. Food and beverage application holds a large share of the palm sugar market.
Asia-Pacific Palm Sugar Market By Region
Factors such as large production because palm trees mostly grow in tropical regions, growing demographics, and emerging economies in countries such as India and China are anticipated to lead the growth of the market in this region.
KEY PLAYERS IN ASIA-PACIFIC PALM SUGAR MARKET
Key Players In Asia-Pacific Palm Sugar Market Are Real Raw Food, Felda Asia-Pacific Ventures, American Key Food Products, Taj Agro Products, Palm Nectar Organics, Royal Pepper Company, Wholesome, Big Tree Farms, Thai taste, Seven hills.
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