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

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REPORT DESCRIPTION

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...