Coconut Sugar has gained quite an attention in the recent years. This is due to the fact that it has fewer calories than regular sugar and also contains essential vitamins, macro- and micronutrients. It is available in rock, granules, cubes, liquid, and powder form. As per the study conducted by the Food and Nutrition Research Institute of the Philippine government, coconut sugar has higher concentrations of iron, zinc, and calcium as compared to granulated sugar. The demand for natural sugar substitutes that can match the sweetness and taste of white sugar is driving the growth of the coconut sugar market, particularly in the confectionery industry. Also, the demand for sugar substitutes has increased significantly as a result of the rising prevalence of obesity and diabetes among a large segment of the world’s population.
According to a recent report published by Allied Market Research, the global coconut sugar market is estimated to display a noteworthy CAGR from 2021 to 2031.
As per Meher Rajput, nutritionist and dietician at Fitpass, coconut sugar has a lower glycemic index than regular table sugar, also it contains insulin, which lowers glucose absorption. As per the study published in the Journal of Applied Physiology, coconut sugar may decrease the risk of heart-related disease by enhancing the health of blood vessels and managing hypertension.
Good Graze’s coconut sugar is a highly sought-after item, which is gluten-free, kid-friendly, vegan, has no added preservatives, no refined sugar, and is sustainably sourced. It is ideal for children because of its low GI value. Another one, namely, Nutrabites Natural Coconut Sugar, with a texture like brown sugar and a slight punch of caramel-like flavor, is available in an orange-brown color. Depending on the coconut species and harvesting season, there are different levels of coarseness and texture. The sap from the blossoms of the coconut flower is used to make ‘Kokonati organic coconut sugar.’ With a neutral aroma and a pleasant sweet taste, its usual color is slightly caramelized golden to medium brown. In the village, toddy tapper families come together every 12 hours to collect raw sap, which is then gently simmered to create a thick syrup. This syrup is then taken to a nearby mill, where it is dried on flat trays in an oven. Once the syrup has been dried, the sugar crystals are carefully sifted and packaged before being sealed for freshness.
In October 2020, NAM-CSSTC (Non-Aligned Movement Center for South-South Technical Corporation) conducted their second online workshop on ‘Processing and Marketing of Coconut Sugar’ in collaboration with the ICC (International Coconut Community). The training was attended by more than 350 individuals from 20 different nations. Participants came from nations that are members of the NAM-CSSTC and ICC in Asia, Africa, Australia, and the Pacific as well as nonmember nations like the United States, Saudi Arabia, the United Kingdom, and Egypt. The workshop was held as part of a collaborative effort between two parties to offer support services to member nations in various areas, including research and development programs, technology transfer, capacity-building, and hosting webinars and workshops. The theme of the workshops was “Staying Healthy and Productive During the COVID-19 pandemic.” The main goals of this training programme were to inform SMEs about the prospects for domestic and international markets as well as to provide farmers with the necessary technical assistance and guidance.
COVID-19 impact on the global coconut sugar market
The global market for coconut sugar experienced a setback in growth due to the COVID-19 pandemic, which resulted in a global lockdown and temporary closure of coconut sugar production. Manufacturers faced a number of other difficulties, such as supply chain disruptions, labor shortages, and deficiencies of raw materials. Strict lockdown regulations hampered the growth of the overall market by affecting both local and overseas production of products that use coconut sugar.
However, as the overall situation across the globe began to normalize, the market for coconut sugar also started expanding at a faster pace. The incorporation of key strategies by the frontrunners has also propelled the market growth post-pandemic.
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