Panela Market Growth Driven by Traditional MethodPosted by industryarc on August 8th, 2019 Panela is an alternative additive sugar that adds sweetness and taste in the solvent and it is widely used in the food and beverage industry. Panela has a higher demand in the global food and beverages market globally as it has various applications in confectionary, soft drinks, and bakery. According to the findings of a business Intelligence study from IndustryARC. IndustryARC experts state that the global panela market valuation touched billion in 2018, and the demand is estimated to grow at a CAGR of 5.91% during the forecast period 2019-2025. The IndustryARC report titled “Panela Market: By Type (Solid, Powdered, Cube), By Material (Sugar Cane Juice), By Application (Food, Beverages), By Geography- Forecast (2019-2025)” articulates that an increase in the demand from the international market and improvements in the panela production is driving the growth of panela. Owing to its high consumption rate and associated benefits internationally and within the country, the panela market is growing rapidly. Additionally, growing awareness about the organic food is the most prominent growth factors that is driving the panela market globally. Owing to panela’s natural taste, the food manufacturers are more inclined towards the usage of panela rather than brown sugar. View Full Table Of Content Of Panela Market: https://www.industryarc.com/Report/16611/panela-market.html Global Panela Market: Leading Segments On the other hand, IndusrtyARC's analysts have identified the key application is food-by application as it holds maximum growth opportunities for the panela market. Owing to panela's rich nutrition value in food and beverage and its awareness among the consumers are the recent development. However, the anticipated opportunities for growth in this application are estimated to grow at a (CAGR) of 6.17% during the forecast period through to 2025.
· Panela is widely recognized as an alternative of sugar, owing to its health benefit and nutritional content. In Colombia, panela is the main direct or indirect income generating product. Caribbean Government and Latin America’s main objective is to convert this region into a global player of panela production. · The most common and widely used sugar substitute is panela, especially in Caribbean and Latin America. Panela has varied health benefits such as cleaning of internal organs, increase in digestive enzyme for digestion, and high contents of minerals. These regions still follow the traditional method for producing panela, specifically the rural areas that produces panela from sugar cane juice which helps in maintaining the general capacity of production.
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