According to IMARC Group’s latest report, titled “Coconut Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global coconut milk powder market is expected to exhibit a CAGR of around 10% during 2021-2026. Coconut milk powder is extracted from fresh coconut milk. It is dried to extend its shelf life while retaining the natural aroma and flavor of the fresh counterpart. It is rich in nutritional content and is widely utilized across the food and beverages sector in the preparation of coffee, yogurt, sauces, curries, smoothies and ice creams.
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Market Trends and Drivers:
The coconut milk powder market is primarily driven by the increasing awareness regarding the health benefits of coconut milk powder. This, along with the rich taste of the product, has facilitated its utilization in the preparation of numerous cuisines across the globe, thereby creating a positive outlook for the market. The market is further driven by the introduction of vegan, gluten-free and non-genetically modified organism (GMO) product variants in the market by the key players to cater to the evolving preferences of the masses. Moreover, easy product availability through online and offline organized retail channels is also providing an impetus to the market growth. Some of the other factors contributing to the market growth include considerable growth in the food and beverages sector and the inflating disposable income levels of the masses.
Competitive Landscape With Key Players:
The competitive landscape of the coconut milk powder market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Anthony's Goods (ACH Food Companies Inc.)
- Healthworks
- Bramble Berry Inc.
- Nestle S.A.
- King Arthur Flour Company Inc.
- Enerhealth Botanicals LLC
- BareOrganics
- KOS Naturals
- Dr. Ben Kim Natural Health Solutions
- Grace Foods Canada Inc.
Key Market Segmentation:
The report has segmented the coconut milk powder market on the basis of product, type, packaging type, application, distribution channel and region.
Breakup by Product:
- Conventional
- Organic
Breakup by Type:
- Sweetened
- Unsweetened
Breakup by Packaging Type:
- Pouches
- Cartons
- Bottles
- Others
Breakup by Application:
- Beverages
- Savories
- Bakery & Confectionery
- Dairy & Frozen Products
- Others
Breakup by Distribution Channel:
- B2B
- B2CSupermarkets and Hypermarkets
Convenience Stores
Online Retailers
Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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