🌴 Palm Sugar Market Expected to Reach US$ 2,776.9 Mn by 2032, 📈 Potentially Growing at 3.4% CAGR, Boosted by Health & Wellness Trends 🥗

“Palm Sugar Market to Reach US$ 2,776.9 Mn by 2032, Growing at 3.4% CAGR Driven by Health Trends”— Persistence Market Research (Press Release dated 22‑Sep‑2025)

The global palm sugar market is forecast to grow from US$ 2,197.40 million in 2025 to US$ 2,776.90 million by 2032, at a CAGR of 3.4%. 

Key drivers: rising awareness of natural sweeteners; consumer shift toward healthier diets; growth in demand from food & beverage (confectionery, bakery, ready‑to‑eat). 

By type (granular, liquid, block) — granular dominates due to easier use in food processing & home cooking. 
The organic segment is doing well. 
The Asia Pacific region is expected to hold a large share, given high production & traditional consumption. 

Very similar numbers: from ~US$ 2,197.40 million in 2025 to ~US$ 2,776.90 million in 2032; CAGR 3.4%. 

Highlights: increasing demand for natural ingredients; product form innovations; powder form holds large share due to convenience and shelf stability. 

Regional dominance by Asia Pacific; growth also in North America (though smaller base) with consumers favouring clean‐label, natural, organic sweeteners. 

🔍 Other Reports / Variations

While the Persistence Market Research reports give the US$ 2,776.9 Mn by 2032 at 3.4% CAGR figure, there are other forecasts that differ somewhat depending on assumptions.

• Market Research Future forecasts the palm sugar market to grow from ~US$ 1.8 billion in 2024 to US$ 2.29 billion by 2032, with a CAGR of about 2.99%.
• Mordor Intelligence projects somewhat different numbers: estimating the market at ~US$ 1.78 billion in 2025, and growing to around US$ 2.56 billion by 2030, with ~3.67% CAGR. 
• Fact.MR reports that the market is roughly US$ 2.0 billion in 2023 and projects it to reach about US$ 2.8 billion by 2033, also with ~3.4% CAGR. 

Health & wellness trends are big drivers: consumers are increasingly avoiding refined sugar, synthetic sweeteners, looking for natural alternatives that offer additional nutritional value. Palm sugar is positioned favourably because of a lower glycemic index, plus vitamins / minerals. 

• Demand in food & beverage, bakery, confectionery, ready‑to‑eat foods is increasing. 
• Organic / clean‑label preference is helping push growth in the organic segment. 
• Product form matters: powder/granular forms tend to dominate due to ease of use, storage, longer shelf life, etc. Liquid and block are growing, especially in specific applications. 
• Regional dominance: Asia‑Pacific is leading by far (both consumption & production). Also, emerging growth in North America and other markets driven by interest in natural ingredients.