Latin America Palm Sugar Market size is expected to be worth USD 53.77 billion in 2024 and is estimated to be growing at a CAGR of 4.29 %, to reach USD 66.27 billion by 2029 in the forecast period 2024 to 2029.
Palm sugar is a sweetener derived from the liquid sap of any variety of palm trees. It is also often termed 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 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 Savory dishes and is produced by boiling the collected sap until it thicknesses. It is sold in bottles or tins and it is allowed to thicken and crystallize over the period. Its colour is ranged from golden brown to dark brown or black. Palm sugar is added in food for its 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 Latin America Palm Sugar Market is driven by the factors like increasing health preferences towards nutritional components. In addition, anxiety towards delicious food, change in lifestyle, increase in the demand of confectionary food, low cost and low caloric content and an excellent substitute of oral rehydration solution also drive the market. However, a lack of skilled professionals and stringent rules are hindering the growth of the market.
This Research Report on Latin America Palm Sugar Market is segmented and sub segmented into following categories
Latin America Palm Sugar Market By Nature
Latin America Palm Sugar Market By Form
Latin America Palm Sugar Market By Application
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.
Latin America Palm Sugar Market By Region
Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia.
KEY PLAYERS IN LATIN AMERICA PALM SUGAR MARKET
Key Players In Latin America Palm Sugar Market Are Real Raw Food, Felda Latin America Ventures, American Key Food Products, Taj Agro Products, Palm Nectar Organics, Royal Pepper Company, Wholesome, Big Tree Farms, Thai taste, Seven hills, Biona
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