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 2031" 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 2021 to 2031 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.
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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 2021 to 2031 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Panela Market - By Form
1.3.2 Panela Market - By Application
1.3.3 Panela Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PANELA MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PANELA MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PANELA MARKET - GLOBAL MARKET ANALYSIS
6.1. PANELA - GLOBAL MARKET OVERVIEW
6.2. PANELA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PANELA MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. SOLID
7.3.1. Overview
7.3.2. Solid Market Forecast and Analysis
7.4. LIQUID
7.4.1. Overview
7.4.2. Liquid Market Forecast and Analysis
7.5. GRANULES
7.5.1. Overview
7.5.2. Granules Market Forecast and Analysis
8. PANELA MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONERY
8.3.1. Overview
8.3.2. Bakery and Confectionery Market Forecast and Analysis
8.4. BEVERAGES
8.4.1. Overview
8.4.2. Beverages Market Forecast and Analysis
8.5. DESSERTS AND FROZEN FOODS
8.5.1. Overview
8.5.2. Desserts and Frozen Foods Market Forecast and Analysis
9. PANELA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Panela Market Overview
9.1.2 North America Panela Market Forecasts and Analysis
9.1.3 North America Panela Market Forecasts and Analysis - By Form
9.1.4 North America Panela Market Forecasts and Analysis - By Application
9.1.5 North America Panela Market Forecasts and Analysis - By Countries
9.1.5.1 United States Panela Market
9.1.5.1.1 United States Panela Market by Form
9.1.5.1.2 United States Panela Market by Application
9.1.5.2 Canada Panela Market
9.1.5.2.1 Canada Panela Market by Form
9.1.5.2.2 Canada Panela Market by Application
9.1.5.3 Mexico Panela Market
9.1.5.3.1 Mexico Panela Market by Form
9.1.5.3.2 Mexico Panela Market by Application
9.2. EUROPE
9.2.1 Europe Panela Market Overview
9.2.2 Europe Panela Market Forecasts and Analysis
9.2.3 Europe Panela Market Forecasts and Analysis - By Form
9.2.4 Europe Panela Market Forecasts and Analysis - By Application
9.2.5 Europe Panela Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Panela Market
9.2.5.1.1 Germany Panela Market by Form
9.2.5.1.2 Germany Panela Market by Application
9.2.5.2 France Panela Market
9.2.5.2.1 France Panela Market by Form
9.2.5.2.2 France Panela Market by Application
9.2.5.3 Italy Panela Market
9.2.5.3.1 Italy Panela Market by Form
9.2.5.3.2 Italy Panela Market by Application
9.2.5.4 United Kingdom Panela Market
9.2.5.4.1 United Kingdom Panela Market by Form
9.2.5.4.2 United Kingdom Panela Market by Application
9.2.5.5 Russia Panela Market
9.2.5.5.1 Russia Panela Market by Form
9.2.5.5.2 Russia Panela Market by Application
9.2.5.6 Rest of Europe Panela Market
9.2.5.6.1 Rest of Europe Panela Market by Form
9.2.5.6.2 Rest of Europe Panela Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Panela Market Overview
9.3.2 Asia-Pacific Panela Market Forecasts and Analysis
9.3.3 Asia-Pacific Panela Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Panela Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Panela Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Panela Market
9.3.5.1.1 Australia Panela Market by Form
9.3.5.1.2 Australia Panela Market by Application
9.3.5.2 China Panela Market
9.3.5.2.1 China Panela Market by Form
9.3.5.2.2 China Panela Market by Application
9.3.5.3 India Panela Market
9.3.5.3.1 India Panela Market by Form
9.3.5.3.2 India Panela Market by Application
9.3.5.4 Japan Panela Market
9.3.5.4.1 Japan Panela Market by Form
9.3.5.4.2 Japan Panela Market by Application
9.3.5.5 South Korea Panela Market
9.3.5.5.1 South Korea Panela Market by Form
9.3.5.5.2 South Korea Panela Market by Application
9.3.5.6 Rest of Asia-Pacific Panela Market
9.3.5.6.1 Rest of Asia-Pacific Panela Market by Form
9.3.5.6.2 Rest of Asia-Pacific Panela Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Panela Market Overview
9.4.2 Middle East and Africa Panela Market Forecasts and Analysis
9.4.3 Middle East and Africa Panela Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Panela Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Panela Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Panela Market
9.4.5.1.1 South Africa Panela Market by Form
9.4.5.1.2 South Africa Panela Market by Application
9.4.5.2 Saudi Arabia Panela Market
9.4.5.2.1 Saudi Arabia Panela Market by Form
9.4.5.2.2 Saudi Arabia Panela Market by Application
9.4.5.3 U.A.E Panela Market
9.4.5.3.1 U.A.E Panela Market by Form
9.4.5.3.2 U.A.E Panela Market by Application
9.4.5.4 Rest of Middle East and Africa Panela Market
9.4.5.4.1 Rest of Middle East and Africa Panela Market by Form
9.4.5.4.2 Rest of Middle East and Africa Panela Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Panela Market Overview
9.5.2 South and Central America Panela Market Forecasts and Analysis
9.5.3 South and Central America Panela Market Forecasts and Analysis - By Form
9.5.4 South and Central America Panela Market Forecasts and Analysis - By Application
9.5.5 South and Central America Panela Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Panela Market
9.5.5.1.1 Brazil Panela Market by Form
9.5.5.1.2 Brazil Panela Market by Application
9.5.5.2 Argentina Panela Market
9.5.5.2.1 Argentina Panela Market by Form
9.5.5.2.2 Argentina Panela Market by Application
9.5.5.3 Rest of South and Central America Panela Market
9.5.5.3.1 Rest of South and Central America Panela Market by Form
9.5.5.3.2 Rest of South and Central America Panela Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PANELA MARKET, KEY COMPANY PROFILES
11.1. AGRANCOL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CIVILIZED COFFEE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COLIBREECO
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ECOLOGICAL S. A. C.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GOYA FOODS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JUST PANELA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NELA, LLC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OBELO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PANELA LA GLORIA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PURA PANELA LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Agrancol
2. Civilized Coffee
3. Colibreeco
4. Ecological S. A. C.
5. Goya Foods, Inc.
6. Just Panela
7. Nela, LLC.
8. OBELO
9. Panela La Gloria
10. Pura Panela Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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