Research report published by Markets N Research “ Organic sugars Market, By Type (Coconut Sugar, Stevia, Cane Sugar and Others); By Sales Channel (Hypermarket and Supermarket, Specialty Stores, Online and Others) Market - Growth, Future Prospects, Post COVID-19 Scenario 2021 – 2028 , states that the global organic sugars Products is expected to grow at a CAGR of 10% during the forecast period from 2020 to 2028.
Increasing demand for organic sugars as they are pure and chemical free and also are ideal for consumption on a daily basis. Inorganic sugars comprise a lot of chemical treatments due to which people prefer organic sugars. Increasing number of people are getting adapted to organic sugars as they are environment friendly and therefore, its market valuation is increasing . The number of confectioneries and bakeries that use only organic sugars are rising as they provide more demand for the products. The products are formulated using the purest form of unaltered sugar sources. Individuals find option for products that are pure and clean as there are many people who cannot tolerate excess chemical treated sugars in certain conditions which is unhealthy for normal people too. There is rising number of parents that want to feed their kids organic foods and sugars as they are clean, pure and also believed to be healthier as compared to regular sugars.
Sugar is one such element that is used for many different things in a kitchen and hence, people prefer consuming organic sugar as it is considered to be safe for digestion and immunity Organic sugars are said to contain beneficial minerals and vitamins which makes it even more ideal to use for daily consumption. As compared to regular in-organic sugar, organic sugar is more consumed as it has not been processed a lot and hence comprises of all the nutrients as it retains them from the source they were extracted from. Thereby, organic sugars market is expanding as individuals are becoming more aware of organic products and are using them more in the kitchen and for other uses in the kitchen. On the whole, the organic sugars market growth is increasing every day and in the near-upcoming future people will get more inclinedtowards organic products due to the promising benefits they provide for a healthy living. Individuals are shifting to organic sugars due to the products being natural as well as effective, contain no chemical treatments altogether. Companies are increasingly investing into providing organic sugars as the products are becoming more popular due to increasing number of customers.
The governments of different countries are also encouraging organic farming as well as export import of organic products. Various reports and articles have also stated that organic sugars market is booming and will continue to grow as people are getting more acquainted towards spending money for a healthy living along with elevating number of geriatric populations that consume whole organic foods. On the whole, the organic sugars market growth is increasing every day and in the near upcoming future, people will get more adopted towards organic products due to the promising benefits they provide for a healthy life. Thereby, these factors are expected to increase the growth and disposable income as well as will provide future opportunities for the organic sugars market globally.
Several sales channel for organic sugars comprise of supermarkets and hypermarkets, e-commerce and others. Among the sales channel segment, hypermarket and supermarket held a higher share due to increasing variety of all the different organic body care product range, flash sales attract more customers as they mostly happen in the super and hyper markets, easy access to purchase the products, initiatives such as product testing and samples are also provided at the hypermarkets and supermarkets due to which there is a high growth of the market through this segment. Similarly, all the other mentioned sales channel also are elevating the growth of the market.
Well established companies are focusing on investments in research and development sector to develop new blends of organic sugars that are convenient and easily available in the market. Thereby, the overall organic sugar market is anticipated to grow significantly in the following years due to the availability of wide variety of product offerings by various companies due to the changing preferences and adoption of individuals towards organic whole foods. Companies are actively investing towards providing organic sugars. Companies are promoting organic sugars so that it can provide a healthy future for a single individual as well as an entire family. Some of the key players that manufacture organic sugars include Jalles Machado S / A, Südzucker AG, Pronatec AG, Tereos S.A., Cosan Ltd., Nordzucker AG, Bunge Limited, Lexem India Pvt. Ltd., LOC Industries, Inc. and Azucarera La Felsina S.A.
Trends and Future Outlook:
According to the organic trade association, most of the consumers’ cooking and eating habits during the pandemic have shifted to organic products which has increased the food and beverage sales to 12.8% in the year 2020.