Panela is unrefined sugar produced by non-centrifugal means. It has high molasses content. Traditionally panela is made by dehydrating raw sugarcane juice over low heat. As it is produced by a simple procedure, panela retains the flavorful and nutrient-rich molasses from sugarcane. The molasses provides a distinct flavor to panela, and it also has some naturally occurring minerals, vitamins, and antioxidants.
MARKET DYNAMICS
Panela market is witnessing considerable demand from food manufacturers as it has a natural taste of sugar. Nowadays, consumers are demanding products with natural quality, taste and to satisfy the consumer requirement, food manufacturers are using panela as a key ingredient in their products. Food manufacturers who deal with sweets, chocolates, and confectionery highly exploit panela and are contributing to the market expansion. Moreover, rising lifestyle diseases and growing health consciousness among consumers is considered to create immense opportunities for the panela market in the coming years.
MARKET SCOPE
The "Global Panela Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the panela market with detailed market segmentation by form, application, and geography. The global panela market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading panela market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global panela market is segmented on the basis of form and application. On the basis of form, panela market is segmented into into solid, liquid, and granules. On the basis of application, market is segmented into bakery and confectionery, beverages, desserts and frozen foods.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global panela market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The panela market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the panela market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the panela market in these regions.
MARKET PLAYERS
The reports cover key developments in the panela market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from panela market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the panela market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the panela market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Agrancol
- Civilized Coffee
- Colibreeco
- Ecological S. A. C.
- Goya Foods, Inc.
- Just Panela
- Nela, LLC.
- OBELO
- Panela La Gloria
- Pura Panela Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.