Coconut Milk Powder Market

Coconut Milk Powder Market witnessed USD 25.7 million in 2019, growing at a robust CAGR of 2.2% during forecast period.

Introduction of the Coconut Milk Powder Market Report

Coconut Milk Powder is a speck of snowy dust used in the cuisines prepared in the Southeast Asian nations. During the spring ventilation process, coconut milk powder is produced from raw, non-sweetened coconut cream and is then transformed by water in order to be used in coconut milk formulae.

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The one of the major factors driving the growth of the global coconut milk powder market is the increasing adoption of the powdered coconut milk formula as one of the economic alternatives as it has a higher shelf-life. Generally, a canned or tetra pack of coconut milk, after being opened, has less ten days of shelf life as compared to the powder form, which can last for over 30 days. The dehydrated product is formed by evaporating milk until it dries out, preserving it, and providing a high shelf life. Furthermore, coconut milk powder is considered a sustainable product for those who cannot buy liquefied coconut milk regularly or prefer buying groceries in bulk. Moreover, dairy products are among the prohibited food items for both dietary as well as ethical vegans. In addition to this, nutritional complexities regarding dairy products’ consumption and the poor treatment given to dairy cows have paved the way for the rising adoption of veganism. Vegan population groups are working towards removing animals’ commodity status and are increasingly adopting other plant-based alternatives, including coconut milk. This factor will further open new doors for the growth of the market.

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Based on the product type, the organic segment is expected to witness a higher CAGR during the forecast period owing to the increasing awareness regarding the benefits of organic foods. Organic coconut powder is free of chemical fungicides, herbicides, and insecticides. Furthermore, the rising preference for products, which have been grown and manufactured in eco-friendly fashion, is likely to support the growing organic products segment.

On the basis of application type, the B2B segment is anticipated to lead the market over the forecast period. The coconut milk powder is used in the commercial production of smoothies, shakes, ice creams, cakes, doughnuts, and sauces. In addition to this, the growing demand for vegan products in dine-out hotels and Quick Service Restaurants (QSRs) is expected to promote the scope of the B2B segment in the coming years.

By distribution channel, the online segment is projected to grow at a faster CAGR during the forecast period due to the growing dependence on e-commerce channels owing to the busy life schedule of people which has propelled the online shopping trend. Moreover, online channels are convenient as they provide various attractive offers and discounts.

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Based on the region, the Asia-Pacific region is anticipated to dominate the global coconut milk powder market due to the extensive usage of coconut in different food items and the growing veganism as a dietary lifestyle in the Asian countries.

Various notable players operating in the market include Aeon Co., Ltd., Amy’s Kitchen, Inc., Albert’s Organics, Inc., Applegate Farms, Carrefour, Clif Bar & Company, Coleman Natural Foods Llc., Conagra Foods, Inc., Dakota Beef Llc., and Dean Foods Company, among others.

The global Coconut Milk Powder market has been segmented based on product type, application, Distribution Channel and regions. Based on Type, the market is segmented into Coconut Milk Powder, organic beverages, and organic supplements. Based on application, the market is segmented into B2B and B2C. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Online, Specialty Stores and Others.

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Key questions answered in this research report:

• • At what pace is global Coconut Milk Powder market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Coconut Milk Powder market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Coconut Milk Powder market?
  • What are the various product types of global Coconut Milk Powder market and how they are poised to grow?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Types during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Coconut Milk Powder market by Product Type 

• • Organic
  • Conventional

Global Coconut Milk Powder market by Application 

• • B2B
  • B2C

Global Coconut Milk Powder market by Distribution Channel 

• • Supermarket/Hypermarket
  • Online
  • Specialty Stores
  • Others

Global Coconut Milk Powder Market by Region

• • North America Coconut Milk Powder Market (Option 1: As a part of the free 25% customization)
    • North America Coconut Milk Powder Market by Product Type
    • North America Coconut Milk Powder Market by Application
    • North America Coconut Milk Powder Market by Distribution Channel
    • US Coconut Milk Powder Market All-Up
    • Canada Coconut Milk Powder Market All-Up
  • Europe Coconut Milk Powder Market (Option 2: As a part of the free 25% customization)
    • Europe Coconut Milk Powder Market by Product Type
    • Europe Coconut Milk Powder Market by Application
    • Europe Coconut Milk Powder Market by Distribution Channel
    • UK Coconut Milk Powder Market All-Up
    • Germany All-Up Coconut Milk Powder Market All-Up
    • France Coconut Milk Powder Market All-Up
    • Spain Coconut Milk Powder Market All-Up
    • Rest of Europe Coconut Milk Powder Market All-Up
  • Asia-Pacific Coconut Milk Powder Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Coconut Milk Powder Market by Product Type
    • Asia-Pacific Coconut Milk Powder Market by Application
    • Asia-Pacific Coconut Milk Powder Market by Distribution Channel
    • China Coconut Milk Powder Market All-Up
    • India Coconut Milk Powder Market All-Up
    • Japan Coconut Milk Powder Market All-Up
    • Rest of APAC Coconut Milk Powder Market All-Up
  • RoW Coconut Milk Powder Market (Option 4: As a part of the free 25% customization)
    • RoW Coconut Milk Powder Market by Product Type
    • RoW Coconut Milk Powder Market by Application
    • RoW Coconut Milk Powder Market by Distribution Channel
    • Brazil Coconut Milk Powder Market All-Up
    • South Africa Coconut Milk Powder Market All-Up
    • Saudi Arabia Coconut Milk Powder Market All-Up
    • UAE Coconut Milk Powder Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Coconut Milk Powder Market All-Up

Global Coconut Milk Powder Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nestlé Inc.
  • Anthony’s Goods
  • BareOrganics
  • Bramble Berry Inc.
  • Ben Kim Natural Health Solutions
  • Enerhealth
  • Grace Foods Canada Inc.
  • HEALTHWORKS
  • King Arthur Flour Company, Inc.
  • KOS