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Liquid Jaggery Market to accumulate $1.2 bn by 2032
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Monday, 04 July, 2022, 08 : 00 AM [IST]
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Ireland
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Worldwide consumption of liquid jaggery increased at 4.7% CAGR between 2017 and 2021 and currently stands at a market valuation of $ 544.8 million.
Detailed analysis by Fact.MR has revealed that the global liquid jaggery market size is poised to expand at a high CAGR of 8.3% to reach $ 1.2 billion by the end of 2032.
Growth of the liquid jaggery market, including jaggery powder, was restricted to India, specifically Northern India, which is known as a production hub for liquid jaggery due to its traditional acceptance in the region.
However, after rising awareness about its health benefits such as an immunity booster, blood purifier, antioxidants, there has been an upsurge in its demand across the world. Additionally, liquid jaggery manufacturers have started focusing on distribution channels, which were initially limited to local regions only.
Liquid jaggery is also known for its antioxidant and mineral-rich properties; as it includes zinc and selenium. Along with this, its sweet winey fragrance and tasty flavour amplify its use in sweet dishes.
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