Desiccated coconut powder market is anticipated to grow at a cagr of 7.5% during the forecast period. The major factor contributing to the growth of the global desiccated coconut powder market is the properties of desiccated coconut powder such as it is highly enriched with fiber and minerals and is gluten-free. Desiccated coconut is a traditional baking and confectionery ingredient in many European countries, and is used in a variety of sweet products. It is also used as an ingredient in Asian savory dishes. As per the Ministry of Foreign Affairs, Europe is the world’s largest importer of desiccated coconut, accounting for more than 30% of global imports in 2021, followed by the US which accounted for 10%, Singapore 8%, and the Russian Federation 4%. As per the same source, European imports of desiccated coconut reached 118 thousand tonnes in 2020, worth $211 million.
Numerous strategic moves such as product launches, partnerships, collaborations, and geographical expansion were adopted by the key player Nutiva, CBL Natural Foods (Pvt) Ltd., Celebes Coconut Corp., and others to remain competitive in the global market will further aid in the market growth. For instance, in July 2020, iTi Tropicals, Inc. launched a 100% vegan coconut milk powder. The new clean label ingredient is free from food starches, stabilizers, emulsifiers, and other additives. It is suitable for use in applications ranging from cake and cupcake mixes, pancake mixes, waffle mixes, muffins, and more.
Moreover, in March 2022, Nutiva and Coconut Secret unveiled innovative new culinary products at Natural Products Expo West. To expand its portfolio, Nutiva launched Nutiva Organic Coconut Spreads, and C8 MCT Oil, plant-based culinary oils and foods made with the highest quality ingredients. USDA Organic, non-GMO, vegan, and gluten-free, these soon-to-be coconut-based favorites cater to the growing number of consumers who are prioritizing both health and sustainability.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By End-User
- By Distribution Channel
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Primex Coco Products Inc., Cocomi Bio Organic, and Kapar Coconut Industries, among others.
Desiccated Coconut Powder Market Report by Segment
By Type
- Full Fat
- Low Fat
By End User
- Households
- Restaurants
- Cafes
- Bakeries
- Others
By Distribution Channel
- Supermarket/Hypermarket
- Convenience Store
- Online Store
- Others
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Desiccated Coconut Powder Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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.
- PT. Global Coconut
- S&P Industries Sdn Bhd.
- Silvermill Group
- Tradlanka Agricultural Enterprises (Pvt) Ltd.
- Viet Delta.
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