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The latest report by IMARC Group, titled “India Packaged Jaggery Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the India packaged jaggery market size reached INR 48.7 Billion in 2021. Jaggery is a type of unrefined sugar extracted from sugar cane juice, date, or palm sap. It contains sucrose, fructose, protein, fat, iron, magnesium, potassium, calcium, zinc, phosphorus, and copper and is considered a healthier alternative to refined sugar. It also increases the blood hemoglobin levels, reduces water retention, prevents anemia, lower rheumatic afflictions, boost immunity, and regulate blood glucose levels. Owing to these benefits, different types of jaggery, such as coconut, date, and palm jaggery, are widely used in India to prepare traditional desserts and alcoholic drinks.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Packaged Jaggery Market Trends:
The market is primarily driven by the rising consumer consciousness toward food hygiene and cleanliness. In addition, the growing awareness regarding numerous health benefits associated with jaggery represents another major growth-inducing factor. Besides this, jaggery is widely utilized as a sweetener, flavoring agent, and color enhancer in various traditional Indian desserts. This, coupled with the escalating demand for clean-label and organic product variants with no added colors, synthetic flavors and preservatives, is positively influencing the market growth. Moreover, with the outbreak of coronavirus disease (COVID-19) pandemic, individuals are adopting packaged variants over open and loose jaggery to mitigate the risk of infection. Furthermore, the easy product availability across brick-and-mortar and e-commerce platforms, and the introduction of numerous stringent norms by the Food Safety and Standards Authority of India (FSSAI) are surging the sales of packaged jaggery across the country. Looking forward, IMARC Group expects the market value to reach INR 107.6 Billion by 2027, exhibiting a CAGR of 14.2% during the forecast period (2022-2027).
Market Summary:
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