According to the latest report by IMARC Group, titled “India Packaged Jaggery Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, India packaged jaggery market reached a value of INR 48.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 107.6 Billion by 2027, exhibiting at a CAGR of 14.2% during 2022-2027.
Packaged jaggery refers to a type of unrefined, natural sweetener typically obtained from sugarcane juice and enclosed in various packaging materials. Some commonly used packaging variants include plastic pouches, glass jars, PET bottles, and composite containers that extend the shelf life and protect the contents against harsh environmental conditions, tampering, microbial contamination, and wastage or spillage. Since jaggery is rich in calcium, magnesium, phosphorus, B-complex vitamin, and iron, it offers several health benefits, such as improving blood hemoglobin levels, preventing anemia, strengthening immunity, and regulating blood glucose. As a result, packaged jaggery has gained immense popularity across India as a healthier alternative to white sugar.
Base Year: 2021
Forecast Year: 2022-2027
India Packaged Jaggery Market Trends and Drivers:
The India packaged jaggery market is primarily driven by the growing awareness regarding food hygiene and cleanliness. Additionally, the rising incidences of diabetes, obesity and cardiovascular diseases (CVDs) due to increased sugar consumption has augmented the product demand.
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Besides this, several stringent regulations introduced by the Food Safety and Standards Authority of India (FSSAI) for product labeling and safety during food processing and packaging have catalyzed the market growth. Furthermore, the launch of premium, clean-label, and organic jaggery variants with no added colors, synthetic flavors, and preservatives has accelerated the product adoption rate across the country.
Other factors, including the expanding food packaging industry, easy product availability, inflating consumer disposable incomes, elevating living standards, and rapid urbanization, are also anticipated to propel the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Packaged Jaggery Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
24 Mantra Organic, A.K.S. Trading Corporations, B&B Organics, Desi Village Agro Foods India (P) Ltd, Dhampur Green, Geographical Indications Tagged World Premium Products Pvt Ltd, Maple Leaf Project, Miltop Exports, Nutriplato, Organic India Pvt Ltd (Fab India), Organic Tattva (Mehrotra Consumer Products Pvt.), Patanjali Ayurveda Limited, Sriveda Sattva Private Limited, Truefarm, Two Brothers Organic Farms and Vayam.
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The report has segmented the market on the basis of region, product type, form, pack type, pack size and distribution channel.
Breakup by Product Type:
- Sugarcane Jaggery
- Palm Jaggery
- Coconut Jaggery
Breakup by Form:
Breakup by Pack Type:
- Plastic Pouches
Breakup by Pack Size:
- 500 gm
- 1000 gm
- 250 gm
Breakup by Distribution Channel:
- General Trade
- Modern Trade
Breakup by Region:
- North India
- West & Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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