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Global Panela Market to reach USD xxx billion by the end of 2030.

Global Panela Market Size study & Forecast, by Form (Solid, Liquid, Granulated) By Application (Confectionery, Bakery, Savory, Beverages) By Distribution Channel (Direct, Indirect) and Regional Analysis, 2023-2030

Product Code: OIRFB-63840869
Publish Date: 27-06-2023
Page: 200

Global Panela Market is valued approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx% over the forecast period 2023-2030. Panela is a type of unrefined cane sugar that is made by boiling and evaporating sugar cane juice until it solidifies into a block or a paste. It is commonly used as a sweetener in Latin American cuisine and is known for its rich, caramel-like flavor with a slight molasses taste. The Panela market is expanding because of factors such as increasing demand for confectionery, sweets and chocolates and growing number of respiratory problems. Panela can be dissolved in hot water or milk to create a sweet syrup or liquid sweetener that can be used in beverages such as coffee, tea, and hot chocolate. Its importance has progressively increased during the last few decades.

According to the Statista, the chocolate confectionery business accounts approx. USD 0.99 trillion in revenue in 2021 and the revenue in this market is predicted to expand in the future years, reaching a value of USD 1.33 trillion by 2027. Furthermore, Consumer spending on sugar, confectionery, and ice cream in the United Kingdom reached approx. USD 15.85 billion in 2021. Another important factor driving the market is increase in respiratory problems. According to the World Health Organization, Chronic obstructive pulmonary disease is the world’s third highest cause of mortality, accounting for about 3.23 million deaths in 2019. In addition, nearly 90% of COPD fatalities among individuals under the age of 70 come from low- and middle-income nations. Also, advancements in formulation and increasing health-conscious consumers would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Panela stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Panela Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing demand in confectionery, bakery, soft drinks, and many other sectors of food industry. According to the Statista, China shipped the most sweets, valued at about USD 990 million, among Asia-Pacific countries in 2021. India came in second with a value of USD 144.3 million that year. Also, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the geographic expansion of key players in the market space.

Major market player included in this report are:
Agrancol
Civilized Coffee
Colibreeco
Ecological S. A. C.
Goya Foods, Inc.
Just Panela
Nela, LLC.
OBELO
Panela La Gloria
Pura Panela Ltd

Recent Developments in the Market:
Ø In May 2021, International Molasses, a molasses and natural sweetener supplier, has launched CaneRite panela, a natural free-flowing powder sweetener created from the juice taken from the complete sugar cane plant. CaneRite panela is unprocessed and non-centrifuged, retaining all of the original flavour and nutritional advantages of the cane plant. It is currently available in the United States.

Global Panela Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Form, Application, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form
Solid
Liquid
Granulated

By Application
Confectionery
Bakery
Savory
Beverages

By Distribution Channel
Direct
Indirect

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Panela Market, by Region, 2020-2030 (USD Billion)
1.2.2. Panela Market, by Form, 2020-2030 (USD Billion)
1.2.3. Panela Market, by Application, 2020-2030 (USD Billion)
1.2.4. Panela Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Panela Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Panela Market Dynamics
3.1. Panela Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand of confectionery, sweets and chocolates
3.1.1.2. Growing number of respiratory problems
3.1.2. Market Challenges
3.1.2.1. High Cost of Panela
3.1.3. Market Opportunities
3.1.3.1. Advancements in Formulation
3.1.3.2. Increasing health-conscious consumers
Chapter 4. Global Panela Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Panela Market, by Form
5.1. Market Snapshot
5.2. Global Panela Market by Form, Performance – Potential Analysis
5.3. Global Panela Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
5.4. Panela Market, Sub Segment Analysis
5.4.1. Solid
5.4.2. Liquid
5.4.3. Granulated
Chapter 6. Global Panela Market, by Application
6.1. Market Snapshot
6.2. Global Panela Market by Application, Performance – Potential Analysis
6.3. Global Panela Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Panela Market, Sub Segment Analysis
6.4.1. Confectionery
6.4.2. Bakery
6.4.3. Savory
6.4.4. Beverages
Chapter 7. Global Panela Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Panela Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Panela Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Panela Market, Sub Segment Analysis
7.4.1. Direct
7.4.2. Indirect
Chapter 8. Global Panela Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Panela Market, Regional Market Snapshot
8.4. North America Panela Market
8.4.1. U.S. Panela Market
8.4.1.1. Form breakdown estimates & forecasts, 2020-2030
8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Panela Market
8.5. Europe Panela Market Snapshot
8.5.1. U.K. Panela Market
8.5.2. Germany Panela Market
8.5.3. France Panela Market
8.5.4. Spain Panela Market
8.5.5. Italy Panela Market
8.5.6. Rest of Europe Panela Market
8.6. Asia-Pacific Panela Market Snapshot
8.6.1. China Panela Market
8.6.2. India Panela Market
8.6.3. Japan Panela Market
8.6.4. Australia Panela Market
8.6.5. South Korea Panela Market
8.6.6. Rest of Asia Pacific Panela Market
8.7. Latin America Panela Market Snapshot
8.7.1. Brazil Panela Market
8.7.2. Mexico Panela Market
8.8. Middle East & Africa Panela Market
8.8.1. Saudi Arabia Panela Market
8.8.2. South Africa Panela Market
8.8.3. Rest of Middle East & Africa Panela Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Agrancol
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Civilized Coffee
9.3.3. Colibreeco
9.3.4. Ecological S. A. C.
9.3.5. Goya Foods, Inc.
9.3.6. Just Panela
9.3.7. Nela, LLC.
9.3.8. OBELO
9.3.9. Panela La Gloria
9.3.10. Pura Panela Ltd

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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