Desiccated coconut powder market is anticipated to grow at a CAGR of 7.5% during the forecast period. The increase in cumulative income and shift in the preference of consumers towards organic and natural dietary products that are rich in minerals and measured as low cholesterol are the primary factors responsible for the market growth. Considering the demand for processed food ingredients, desiccated coconut powder is consumed as a supreme product in various food ingredients such as cakes, juices, and confectionery. Moreover, the availability of products in various retail and online stores, along with government initiatives that promote the production and growth of coconut to meet the rising demand of consumers across the globe are the major factors that accelerate the market growth. For instance, as per the India Brand Equity Foundation (IBEF), the Government of India provided financial assistance to the tune of $10 million for covering a fresh area of 4,078 hectares under the expansion of the area under coconut initiative and 91-hectare demonstration plots for productivity improvement in 2021-2022. This includes establishing six new coconut nurseries and a coconut nucleus seed garden and six new coconut processing units for value-added products such as virgin coconut oil (VCO), activated carbon and ball copra, and spray-dried coconut milk powder.
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the global desiccated coconut powder market is segmented based on type, end-user, and distribution channel. Based on type, the market is segmented into full fat and low fat. Based on end-user, the market is segmented into households, restaurants, cafes, bakeries, and others. Based on the distribution channel, the market is bifurcated into supermarkets/hypermarkets, convenience stores, online stores, and others. Based on the distribution channel, the online store segment has witnessed considerable growth in the market. They are estimated to be the fastest-growing distribution channels during the forecast period. The growth of desiccated coconut powder through online store has been directly influenced by the growth of e-commerce websites across the globe. The growth of e-commerce has been triggered by an increase in internet and smartphone penetration. For instance, according to the India Brand Equity Foundation, the number of internet connections in 2021 increased significantly to 830 million, driven by the “Digital India” program. This, in turn, is driving the demand for desiccated coconut powder from online distribution channels.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Desiccated Coconut Powder Market by Type
- Full Fat
- Low Fat
Global Desiccated Coconut Powder Market by End-User
- Households
- Restaurants
- Cafes
- Bakeries
- Others
Global Desiccated Coconut Powder Market by Distribution Channel
- Supermarket/Hypermarket
- Convenience Store
- Online Store
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bake King Pte Ltd.
- CBL Natural Foods (Pvt) Ltd.
- Celebes Coconut Corp.
- Cocomi Bio Organic
- Kapar Coconut Industries
- Kenstate
- Primex Group of Co.
- Global Coconut
- S&P Industries Sdn Bhd.
- Silvermill Group
- Tradlanka Agricultural Enterprises (Pvt) Ltd.
- Viet Delta.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global desiccated coconut powder market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market?
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