Report Code: A14162 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Panela Market
Request Now !The Panela market has experienced a significant growth, and is expected to grow considerably in next few years. Panela is derived from the sugarcane juice which is further converted to solid form after process of boiling and evaporation of sugarcane juice. It is unrefined whole cane brown sugar and primarily it has application in food and beverage industry. In terms of characteristics of panela, its color varies from golden brown to dark brown, and it contains sucrose, invert sugars, proteins, and bagasse fiber. Panela is available in global market with different regional names such as jaggery, piloncillo, uluru dust, and chancaca. Panela has greater demand in global level market as it has wide applications in confectionery, bakery, soft drinks and many other sectors of food industry. Majority of demand of panela is from the side of Asia-Pacific and African region and in terms of production, Latin America is the world’s largest producer of panela.
COVID-19 Impact Analysis
Top Impacting Factors
Key drivers which influence the demand for panela in global level market is from the side of food manufacturers due to its characteristics of natural taste of sugar which also has far better flavor than brown sugar.Â
Food manufacturers are using panela as key ingredient in their products to serve the growing demand of consumers who are seeking for products which have natural quality, taste and can also be consumed as end product or can be added in food dishes to enhance the taste and richness of recipes.
Majority of the demand of panela is from the side of food manufacturers which deals in confectionery, sweets and chocolates. Demand of panela is also increasing in global level market from the side of increasing health-conscious consumers as it is also available in organic form.
Market Trends
Wider Use owing to its Health BenefitsÂ
Production of Ethanol from Refined Sugar is Shooting UpÂ
Key Benefits of the Report
Questions Answered in the Panela Market Research Report
Panela Market Report Highlights
Aspects | Details |
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By Application |
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Key Market Players | Dulces, CCBOL Group, Pura Panela, Panela Carmelita, Taj Agro Products, Coastal Fine Foods, OBELO |
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