Organic Palm Sugar Market

As per Market Research Future Analysis, the Global Organic Palm Sugar Market is projected to reach USD 1.23 billion by 2032, with a CAGR of 14.6% during the forecast period. Organic palm sugar, derived from the sap of palm trees, is favored for its health benefits and natural production methods. The rising demand for organic products and awareness of the adverse effects of table sugar are driving market growth. However, concentrated raw material production and limited consumer awareness pose challenges. The market is segmented by form (block, granule, liquid), packaging type (bottles & jars, pouches), distribution channel (store-based, non-store-based), and region (North America, Europe, Asia-Pacific, RoW).

Key players include The Groovy Food Company Ltd. (UK), Rabiah - Coconut Product (India), Royal Pepper Company (US), Midsona Deutschland GmbH (Germany), Phalada Agro Research Foundations Private Limited (India), Palm Nectar Organics (Indonesia), Coco Sugar Indonesia (Indonesia), Windmill Organics Limited-Biona (UK), Organic Wholefoods Limited (UK), and The Real Co Inc (US).

• January 2024 – In late December 2023, PT Pertamina (Persero) established a production kit worth IDR 100 million to the winner of the micro, medium, and small enterprises (MSMEs) development competition by Pertamina, namely the Pertapreneur Aggregator 2023. CV Bunga Palm, the winner of this Pertapreneur competition, will use this manufacturing production equipment for a healthy kitchen program, profiting hundreds of sap tappers to improve the quality of palm sugar, making it ideal for export. Pertapreneur Aggregator is Pertamina's development program for MSMEs to be Collaborative MSMEs or fostered MSMEs that can nurture other MSMEs by developing collective networks among neighboring MSMEs.

  The chain program focuses on collectively advancing MSMEs, strengthening entrepreneurs to be self-sufficient and competitive, and, at last, boosting local and regional economies.

• March 2023- The Kampong Speu palm sugar market has extended its possibilities thanks to the escalating demand from domestic and international markets. However, several palm tree climbers are reaching old age, causing a lesser production capacity that cannot meet market demands. Vy Veasna of the Kampong Speu Palm Sugar Promotion Association (KSPA) conveyed worries over the lowering number of members and the influence on production caused by the younger generation's disinterest in pursuing a career climbing palm trees.

  He said that the present market demand is not a test for the KSPA, but the real challenge is the irregular number of farmers. Veasna stated that last year, the market demand for powdered palm sugar was nearly 150 tonnes, but the community could offer only 70 tonnes. This year, more than 100 tonnes are required, but so far, the community has only collected 30 tonnes of sugar with only three months left for production

Recent Trends

Consumers are increasingly concerned about the environmental and social impact of their purchases. This translates to a demand for organic palm sugar produced with sustainable practices and fair trade certifications. Companies like BigTree Farms are known to focus on establishing strong relationships with Southeast Asian farmers, ensuring a stable and ethical supply chain

Regional Market Summary Global Organic Palm Sugar Market Share (%), by Region, 2020    

Source: Secondary Source and MRFR Analysis Asia-Pacific is expected to dominate the organic palm sugar market during the forecast period. Palm sugars are traditionally been used in the region owing to high palm and coconut cultivation in the region. However, North America is anticipated to register the highest CAGR due to the changing lifestyle of people and growing demand for organic products in the region.

Organic Palm Sugar Market, by Form

• Block

• Granule

• Liquid

Organic Palm Sugar Market, by Packaging type

• Bottles & Jars

• Pouches

Organic Palm Sugar Market, by Distribution Channel

• Store-Based

  • Hypermarkets & Supermarkets

  • Convenience Stores

  • Others

• Non-Store-Based

Organic Palm Sugar Market, by Region

• North America

  • US

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe

• Asia-Pacific

  • Japan

  • China

  • India

  • Australia and New Zealand

  • Rest of Asia-Pacific

• Rest of the World (RoW)

  • South America

  • Middle East

  • Africa

Intended Audience

• Organic Palm Sugar manufacturers

• Dealers and distributors

• Raw material suppliers and distributors

• Traders, exporters, and importers