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Coconut Syrup Market Share

Report ID: GMI7825
Published Date: Jan 2024
Report Format: PDF

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Coconut Syrup Market Share

The market is moderately fragmented, with a mix of large global players, regional players, and niche companies. The top five companies (Coconut Secret, Big Tree Farms, Wholesome, Madhava Sweeteners, Monin, Suncore Foods) likely hold around 70-75% of the market share, leaving the remaining majority to a plethora of smaller players catering to specific regions, product types, or customer segments. Competition is intense, with companies employing various strategies like bulk discounts, loyalty programs, and contract agreements to secure market share.

Coconut Syrup Market Companies

Major players operating in the coconut syrup industry include:

Coconut Secret
Big Tree Farms
Wholesome!
Madhava Sweeteners
Monin
Suncore Foods

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Coconut syrup industry size was USD 395.3 million in 2023 and is expected to register over 5.2% CAGR from 2024-2032 owing to its rich flavor profile, low glycemic index, and perceived health benefits compared to refined sugars worldwide.

Coconut syrup industry from the liquid form segment reached USD 337 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 owing to its widespread applicability across diverse industries, including food, beverage, and personal care.

North America coconut syrup industry recorded over USD 96.6 million in 2023 and is expected to register commendable CAGR from 2024-2032 due to the rising consumer interest in healthier alternatives to traditional sweeteners in the region.

Coconut Secret, Big Tree Farms, Wholesome!, Madhava Sweeteners, Monin, and Suncore Foods are some of the major coconut syrup companies worldwide.