According to the India packaged jaggery market report by IMARC Group, the market reached INR 55.6 Billion in 2022, and it is projected to reach INR 122.1 Billion by 2028, exhibiting a growth rate (CAGR) of 14.1% during 2023-2028.
Packaged jaggery is a type of unrefined sugar primarily extracted from sugarcane plants, coconut, and palm. It is available in various forms, including plastic pouches, glass jars, PET bottles, composite containers, etc. Packaged jaggery offers a prolonged shelf-life and protects the contents from harsh microbial contamination, environmental conditions, tampering, and wastage or spillage. It is a rich source of magnesium, phosphorus, calcium, B-complex, iron, etc., and provides several health benefits, such as preventing anemia, lowering rheumatic afflictions, improving blood hemoglobin levels, reducing water retention, boosting immunity, etc. Consequently, packaged jaggery is extensively consumed by people across India.
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India Packaged Jaggery Market Trends and Drivers:
The growing food packaging industry and the elevating consumer consciousness towards food hygiene and cleanliness are primarily driving the India packaged jaggery market. Furthermore, the escalating health concerns, owing to the high prevalence of obesity, diabetes, CVDs, etc., are also catalyzing the product demand.
Additionally, the rising usage of jaggery as a common sweetener, flavoring, and color-enhancing ingredient in Indian cuisines is further augmenting the market growth. Moreover, the inflating demand for processed, premium-quality, clean label, and organic food items, on account of expanding levels of urbanization and consumer living standards, is acting as another significant growth-inducing factor.
Besides this, the implementation of numerous stringent regulations by FSSAI aimed at food labeling and maintaining product safety during the processing and packaging of jaggery and the increasing product availability on online and offline platforms are expected to stimulate the India packaged jaggery market in the coming years.
India Packaged Jaggery Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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Packaged Jaggery Companies:
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.
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:
- Powder/Granules
- Block
- Liquid
Breakup by Pack Type:
- Plastic Pouches
- Jars
- Others
Breakup by Pack Size:
- 500 gm
- 1000 gm
- 250 gm
- Others
Breakup by Distribution Channel:
- General Trade
- Modern Trade
- Online
Breakup by Region:
- North India
- West & Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- 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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