Global Coconut Milk Powder Market, By Source (Conventional, Organic), Product Type (Pure, Mixed), Form (Liquid, Powder), Type (Low Fat Coconut Milk Powder, Standard Coconut Milk Powder, Others), Application (Beverages, Savory and Snacks, Bakery and Confectionery, Dairy and Frozen Products, Others), End-Users (Household, Cosmetics and Personal Care, Food and Beverages Industry, Food Services, Others), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The coconut milk powder market is expected to witness market growth at a rate of 5.70% in the forecast period of 2021 to 2028 and is expected to reach USD 2.64 billion by 2028. Data Bridge Market Research report on the coconut milk powder market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the packaged food sector is escalating the growth of the coconut milk powder market.
Coconut milk powder refers to a fine white powder made by the spraying drying process of raw unsweetened coconut cream. The powder is considered nutritious and enriches in calcium, iron, vitamins, sodium, and minerals, among others. They provide numerous health benefits such as aiding digestive issues and improve cardiovascular health.
The rise in awareness about its benefits over dairy counterparts across the globe acts as one of the major factors driving the growth of the coconut milk powder market. The increase in adopting these powdered forms as one of the economic alternatives possessing higher shelf-stability to regular coconut milk and surge in consumption of processed and comfort food due to hectic lifestyle accelerate the market growth. The rise in demand for coconut milk powder as it is considered as a sustainable product for those who cannot buy liquefied coconut milk regularly or who have the preference of buying groceries in bulk and growth in health consciousness among consumers further influence the market. In addition, the surge in disposable income, digitalization of the retail industry, rise in population, urbanization, disposable income, and lifestyle change positively affected the coconut milk powder market. Furthermore, the launch of advanced products and products extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the fluctuations in the prices of coconut fruit are expected to obstruct market growth. Side-effects such as heart problem with excess consumption of coconut milk powder are projected to challenge the coconut milk powder market in the forecast period of 2021-2028.
This coconut milk powder market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on coconut milk powder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Coconut Milk Powder Market Scope and Market Size
The coconut milk powder market is segmented on the basis of source, product type, form, application, end-users and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the coconut milk powder market is segmented into organic and conventional.
- On the basis of product type, the coconut milk powder market is segmented into pure and mixed.
- On the basis of form, the coconut milk powder market is segmented into liquid and powder.
- On the basis of type, the coconut milk powder market is segmented into low fat coconut milk powder, standard coconut milk powder and others.
- On the basis of application, the coconut milk powder market is segmented into beverages, savory and snacks, bakery and confectionery, dairy and frozen products, and others.
- On the basis of end-users, the coconut milk powder market is segmented into household, cosmetics and personal care, food and beverages industry, food services and others.
- On the basis of distribution channel, the coconut milk powder market is segmented into supermarket/hypermarket, convenience stores, online and others.
Global Coconut Milk Powder Market Country Level Analysis
The coconut milk powder market is analyzed and market size, volume information is provided by country, source, product type, form, application, end-users and distribution channel as referenced above.
The countries covered in the global coconut milk powder market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the coconut milk powder market because of the extensive usage of coconut in preparing various recipes within the region. Europe is expected to witness the fastest CAGR during the forecast period of 2021 to 2028 due to the adoption of veganism as a dietary lifestyle in the region.
The country section of coconut milk powder market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coconut Milk Powder Market Share Analysis
The coconut milk powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the coconut milk powder market.
The major players covered in the coconut milk powder market report are THE WHITEWAVE FOODS COMPANY, Cocomi Bio Organic, THE COCONUT COMPANY, Nestlé S.A, Ekowarehouse Ltd., Renuka Foods, AYAM SARL, Natural Sourcing, LLC, Specialty Food Association, Inc., Fiesta Ingredients Australia Pty Ltd, Pulau Sambu Singapore Pte Ltd., Thai-Choice, Saptagiri, Sambu Group, Adivasi Food Products Pvt. Ltd., and Baghban Foods, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.