Desiccated Coconut Powder Market - Global Industry Analysis

Desiccated Coconut Powder Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Food & Beverage Report Format : PDF Report Code: ZMR-6916 Status : Upcoming

Description

Global Desiccated Coconut Powder Market: Overview

The global desiccated coconut powder market is expected to expand at a CAGR of 7.4% over the forecast period 2022-2028. Desiccated coconut is crispy and snow-white in color, with a pleasant, sweet, and fresh nut flavor. It is produced using fresh coconuts that have been collected at the ideal moment to assure the optimum flavor. The coconut is then dried to provide a long shelf life, the richest flavor, and the finest mouth feel. It is made from matured coconuts, and the white coconut meat is pulverized into the necessary cuts and sold as coconut flour, flakes, macaroon, shreds, or chips. It's also available in toasted, sweetened, and toasted sweetened varieties. It can be used in place of shredded fresh coconut in domestic recipes.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Desiccated Coconut Powder Market: Growth Factors

The global desiccated coconut powder market is growing at a significant rate. Factors such as increasing income and a switch in consumer choice toward natural and organic goods with reduced cholesterol levels and high mineral & vitamin content are increasing demand for the product. With the continued rise in the food business, the use of powdered coconuts in a variety of applications like puddings, cakes, and other bakery items is increasing at a similar rate. Generally, the food and beverage business is confronting problems in terms of product creation and manufacturing. The properties of desiccated coconut powder, such as its longer shelf-life and several health advantages, have driven the market's overall expansion. Further, coconut powder is high in fiber & minerals and it is gluten-free. Coconut powder's qualities make it a perfect product for applications such as garnishes, cooking, and baking. The desiccated coconut powder market growth is also been facilitated by the growth of the baking sector as a result of changes in consumer lifestyle and dietary habits. Furthermore, it is widely available in the market via supermarkets, e-commerce platforms, and retail stores which has supported the market growth. Furthermore, technological advancement in the manufacturing lines to enhance the production of the product may lead to opportunities for the growth of the global desiccated coconut powder market during the forecast period. However, the availability of numerous replacements for dehydrated coconut powder on the market, such as macadamia, Brazil nuts, or fresh coconut that give a comparable texture and nutty flavor to desiccated coconut powder, may impede the growth of the global desiccated coconut powder market.

Global Desiccated Coconut Powder Market: Segmentation

The global market for desiccated coconut powder is segregated into grade, type, end-user, distribution channel, and region. Based on the grade, the global market is bifurcated into medium grade and fine grade. The type segment of the global desiccated coconut powder market is split into full fat and reduced fat. The end-user segment of the market is categorized into the food & beverages sector, household, and others. By distribution channel, the market is divided into indirect/B2C channel and direct/B2B.

Global Desiccated Coconut Powder Market: Regional Analysis

Asia Pacific is projected to continue its dominance over the global desiccated coconut powder market. Asian countries such as India, China, Malaysia, Thailand, Indonesia, and the Philippines are the major consumer of desiccated coconut powder. These countries hold more than 60% share of the total desiccated coconut powder consumption. India is among the major coconut producing country in the APAC and expanding its export capacities with greater capabilities, the local food sector in India also supports the rapid expansion of the market. Europe is anticipated to hold the second-largest share in the global desiccated coconut powder market followed by North America.

Global Desiccated Coconut Powder Market: Competitive Players

The prominent players operating in the global desiccated coconut powder market include Cocomi, Celebes Coconut Corporation, S & P Industries Sdn Bhd, PT., PT. Pacific Eastern Coconut Utama, Primex Coco Products, Inc., Global Coconut, Cbl Natural Foods Pvt Ltd, Tradlanka Agricultural Enterprises Pvt Ltd., VIET DELTA CORPORATION, and Silvermill Group. To extend the group's business in Indonesia, The Asian Development Bank announced a USD 5 million financing agreement with PT SASL and Sons Indonesia, a division of the Silvermill Group, one of Sri Lanka's largest manufacturer and distributor of coconut-based products.

Global Desiccated Coconut Powder Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global desiccated coconut powder market is growing at a significant rate. Factors such as increasing income and a switch in consumer choice toward natural and organic goods with reduced cholesterol levels and high mineral and vitamin content are increasing demand for the product. With the continued rise in the food business, the use of powdered coconuts in a variety of applications like puddings, cakes, and other bakery items is increasing at a similar rate.

The prominent players operating in the global desiccated coconut powder market include Cocomi, Celebes Coconut Corporation, S & P Industries Sdn Bhd, PT., PT. Pacific Eastern Coconut Utama, Primex Coco Products, Inc., Global Coconut, Cbl Natural Foods Pvt Ltd, Tradlanka Agricultural Enterprises Pvt Ltd., VIET DELTA CORPORATION, and Silvermill Group.

Asia Pacific is projected to continue its dominance over the global desiccated coconut powder market. Asian countries such as India, China, Malaysia, Thailand, Indonesia, and the Philippines are the major consumer of desiccated coconut powder. These countries hold more than 60% share of the total desiccated coconut powder consumption.

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