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Home » Coconut Milk Powder Market
Coconut Milk Powder Market
Coconut Milk Powder Market
Published date: Aug 2022 •Formats:
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Global Coconut Milk Powder Market By Product (Conventional and Organic), By Application (B2C and B2B), By Distribution Channel (Online and Offline), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Published date: Aug 2022
  • Report ID: 37212
  • Number of Pages: 274
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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  • Coconut Milk Powder Market Overview:

    The global market value of Coconut Milk Powder was valued at USD 65.39 million in 2021 and is expected to experience a 9.8% CAGR, between 2023-2032.

    These powdered coconut milk powders are being adopted as an economical alternative to regular coconut cream. They also have a higher shelf-life than regular coconut milk.

    A can or tetra pack of liquefied Coconut Milk after being opened will last less than 10 days, while the powder versions can last up to 30 days. This is because the dehydrated product is dried by evaporating the milk to dryness. This helps preserve it and gives it longer shelf life.

    For those who can’t buy coconut milk powder regularly, or for those who prefer to purchase bulk groceries, coconut milk powder is a viable product.

    Global Coconut Milk Powder Market Analysis

    Product Analysis

    The most popular product type is conventional milk powder, which was the first to be introduced onto the market. These products are also less expensive than organic alternatives.

    In the next few years, organic coconut milk powder should see the greatest growth. This increase in demand is mainly due to increased awareness of the many benefits of eating organic foods. Organic coconut flour is free from chemical fungicides as well as herbicides and insecticides. The growing demand for organic products that are grown and manufactured in an environmentally-friendly manner is expected to help support this segment.

    coconut milk powder market

    Application Analysis

    In 2021, B2B applications were responsible for a significant revenue share. The commercial production of smoothies is made from coconut milk powder. In the near future, the B2B market will expand due to the growing demand for vegan desserts in fast-service restaurants (QSRs), dine-out hotels, and quick-service restaurants (DQSRs).

    B2C is predicted to experience the fastest growth in forecast years, with a CAGR between 2023-2032 of 10.1%. Coconut milk powder, which can be used for the preparation of Indian and Hawaiian cuisines, is expected to continue to be one of the most important ingredients.

    Distribution Channel Analysis

    In 2021, the offline distribution channel held a high market share. This channel of distribution covers specialty stores and department stores as well mom & pop shops, hypermarkets, convenience stores, superstores, and supermarkets. This is what drove the segment’s growth.

    Online sales are expected to grow at a 10.5% CAGR between 2023 to 2032. Online shopping is becoming more popular due to our hectic lifestyles and increased dependence on eCommerce channels. Additionally, online channels are convenient and offer many offers such as cashback and discounts.

    Key Market Segments

    By Product

    • Conventional
    • Organic

    By Application

    • B2C
    • B2B

    By Distribution Channel

    • Online
    • Offline

    Market Dynamics

    The increasing awareness of coconut milk‘s benefits over its dairy counterparts is driving increased adoption. The rising health consciousness is driving product demand. Coconut milk powder can be used as a substitute for dairy products because it contains short and medium-chain triglycerides.

    It is also rich in Vitamins C and E which can reduce the risk of developing cancerous tumors or aging disorders.

    Dairy products are prohibited for ethical vegans as well as those who follow a dietary diet. There are many dietary issues that must be considered when consuming dairy products. Poor treatment of dairy cows has also led to veganism becoming more popular. Vegan groups are working towards eliminating the commodity status for animals and are more inclined to adopt other plant-based milk alternatives, such as coconut milk.

    Coconut milk powder can also be used in various dishes like shakes or cakes, smoothies, as well as sauces, and gravies. The product is an integral part of many cuisines such as the Burmese and Caribbean, Thais, Indians, Sri Lankans, Maldivian, and Vietnamese.

    Regional Analysis

    The Asia Pacific held a 34% share of the total market. It is expected to continue growing at a steady rate of CAGR between 2023-2032. Coconut is a key ingredient driving product demand.

    Europe is predicted to experience the fastest CAGR during the forecast years. The rise in demand for veganism is due to the widespread adoption of this dietary style in most countries, including Spain and Germany.

    coconut milk powder market value regional share

    Key Regions and Countries covered іn thе rероrt:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    This market is dominated by small-scale producers, who mainly focus on domestic markets. The market is in a niche stage of development. It is expected to the inclusion cost-effective technologies by manufacturers, and to experience seismic changes, with new product development.

    coconut milk powder market company share analysis

    Маrkеt Кеу Рlауеrѕ:

    • Nestlé Inc.
    • Bramble Berry Inc.
    • BareOrganics
    • Anthony’s Goods
    • Absolute Healthworks
    • KOS
    • Grace Foods Canada Inc.
    • Enerhealth
    • Other Key Players

    For the Coconut Milk Powder Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

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    Frequently Asked Questions (FAQ)

    Q: What is the size of the Coconut Milk Powder market in 2021?

    A: The Coconut Milk Powder market size is US$ 65.39 million in 2021.

    Q: What is the projected CAGR at which the Coconut Milk Powder market is expected to grow at?

    A: The Coconut Milk Powder market is expected to grow at a CAGR of 9.8% (2023-2032).

    Q: List the segments encompassed in this report on the Coconut Milk Powder market?

    A: Market.US has segmented the Coconut Milk Powder market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product, the market has been segmented into Conventional and Organic. By Application, the market has been further divided into B2B and B2C. By Distribution Channel, the market has been further divided into Online and Offline.

    Q: List the key industry players of the Coconut Milk Powder market?

    A: Nestlé Inc., Bramble Berry Inc., BareOrganics, Anthony’s Goods, Absolute Healthworks, KOS, Grace Foods Canada Inc., Enerhealth, and Other Key Players are engaged in the Coconut Milk Powder market

    Q: Which region is more appealing for vendors employed in the Coconut Milk Powder market?

    A: APAC is expected to account for the highest revenue share of 34%. Therefore, the Coconut Milk Powder industry in APAC is expected to garner significant business opportunities over the forecast period.

    Q: Name the key areas of business for Coconut Milk Powder?

    A: The US, Canada, UK, Japan, Mexico, India, China & Germany are key areas of operation for the Coconut Milk Powder Market.

    Q: Which segment accounts for the greatest market share in the Coconut Milk Powder industry?

    A: With respect to the Coconut Milk Powder industry, vendors can expect to leverage greater prospective business opportunities through the conventional segment, as this area of interest accounts for the largest market share.

    Coconut Milk Powder Market
    Coconut Milk Powder Market
    Published date: Aug 2022
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    • Nestlé Inc.
    • Bramble Berry Inc.
    • BareOrganics
    • Anthony’s Goods
    • Absolute Healthworks
    • KOS
    • Grace Foods Canada Inc.
    • Enerhealth
    • Other Key Players
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