Panela Market -Overview , Market Segment , Growth Drivers , Regional Outlook 2016-2024

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Panela market Overview:
Panela is derived from the sugarcane juice which is further converted to solid form after process of boiling and evaporation of
sugarcane juice. It is unrefined whole cane brown sugar and primarily it has application food and beverage industry. In terms of
characteristics of panela, its color varies from golden brown to dark brown and it contains sucrose, invert sugars, proteins, and
bagasse fiber. Panela is available in global market with different regional names such as Jaggery, Piloncillo, Uluru Dust, Chancaca
etc. Panela has greater demand in global level market as it has wide applications in confectionery, bakery, soft drinks and many
other sectors of food industry. Majority of demand of panela is from the side of Asia-Pacific and African region and in terms of
production, Latin America is the world’s largest producer of panela.
Panela Market: Market Segment
Panela market is segmented on two different basis which includes on the basis of form and on the basis of application. As per
the market segment of form, it is segmented on the basis of solid, liquid and granulated form. Further as per the market
segment on the basis of application, its segment includes confectionery, bakery, savory and beverages. On analyzing the
demand of panela in global level market, it is assessed that majority of market share on pie chart accounts to confectionary as...