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The value of the global desiccated coconut powder market was around 4.76 billion US dollars in 2022, and it is anticipated that this value will increase to approximately 6.34 billion US dollars by 2030, at a compound annual growth rate (CAGR) of approximately 3.82% between 2023 and 2030.
Desiccated Coconut Powder Market: Overview
The flesh of fully developed coconuts is used in the production of desiccated coconut. It is then graded or shredded into pieces that are very thin and very small. The chunks of this variety of coconut are often dried using sunshine or heated air in order to remove the moisture content that is contained within them. The form of coconut that results from this process is known as desiccated coconut. It has a flavour that is sweet and has a little nutty aftertaste, and the texture is quite grainy. When a desiccated coconut is made into powder form, the product is finely processed into a coherent powder form. The key difference between the shredded form and the powder form is the texture of the final product. When it is in powder form, the consistency is similar to that of a soft powder.
The convenience and adaptability of desiccated coconut in powder form, which can be used in a wide variety of recipes, is the primary factor driving the growing popularity of this product. Because it is in powder form, it may be equally dispersed and absorbed by the other components of the recipe. The product, marketing, and distribution of desiccated coconut powder fall under the purview of this industry, which is anticipated to expand at a rate that is relatively constant over the time of the forecast.
Desiccated Coconut Powder Market: Growth Drivers
The Food and Beverage (F&B) industry is expanding, which will boost market growth.
It is anticipated that the global market for desiccated coconut powder would expand as a result of the growing food and beverage industry in every region of the world. In addition to baked goods, confectionery, cereals, snacks, and beverages, this kind of dried coconut can be found in a broad variety of other products as well. Because of the many positive effects that consuming a desiccated coconut in powder form has on one's health, diet culture in many areas of the world includes the inclusion of desiccated coconut in its powdered form.
Desiccated Coconut Powder Market: Segmentation
The global market for desiccated coconut powder can be broken down into four distinct submarkets: distribution channel, end user, application, and geography.
The global market can be broken down into several different segments depending on the application, including dairy products, bakery, frozen desserts, confectionery, and others. The industry saw the most expansion in the bakery sector, where it is used in the production of a variety of baked goods such as bread, cakes, cookies, pastries, muffins, and other items. This contributed to the industry's overall expansion. The baked goods' overall appearance and taste are improved as a result of the rich flavor of coconut as well as its smooth texture. This, in turn, has an effect on how popular baked goods are and how much of them are consumed.
Desiccated Coconut Powder Market: Regional Analysis
The Asia-Pacific region is expected to maintain its dominant position during the projection period.
The Asia-Pacific region is anticipated to see the highest growth in the global market for desiccated coconut powder over the next few years. Countries such as India, Indonesia, Sri Lanka, Thailand, and the Philippines are likely to hold supremacy over the bulk of the regional share.
The high production rate of coconut seen in these regions is the primary factor responsible for the higher CAGR found in Asia and the Pacific. India is one of the world's leading producers and exporters of coconuts and items produced from the coconut. Coconuts worth more than USD 393 million were exported from India in 2022, representing an increase of approximately 41% in comparison to the previous year's exports of coconuts.
Desiccated Coconut Powder Market: Competitive Analysis
The global desiccated coconut powder market is led by players like:
Marudhar Foods Pvt. Ltd.
Primex Coco Products Inc.
Royce Food Corporation
Celebes Coconut Corporation
Meghna Group of Industries
Pacific Eastern Coconut Utama
Sri Lanka Export Development Board
Rasaku
Adamjee Lukmanjee & Sons Pvt. Ltd.
Cocoguru Coconut Industries Pvt. Ltd.
PT Global Coconut
Goya Foods Inc.
Sun Bio Naturals India Pvt. Ltd.
Q.B.B. Pure Ghee
QRS Retail Ltd.
ZICO Beverages LLC
P.T. Grand Multi Chemicals
Santhome Foods
Primrose's Kitchen
Farmvilla Food Industries Pvt. Ltd.
Nature's Charm
Trader Joe's.
The global desiccated coconut powder market is segmented as follows:
By Application
Dairy Products
Bakery
Frozen Dessert
Confectionary
Others
By End-User
Food Service Industry
Household
Food & Beverage Industry
By Distribution Channel
Indirect
Direct
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of The Middle East & Africa
Contact US
Zion Market Research
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL-FREE +1 (855) 465-4651
Email: [email protected]
Read Also:
https://www.linkedin.com/pulse/global-electronic-cleaning-solvents-market-size-share-michael-goode/
The value of the global desiccated coconut powder market was around 4.76 billion US dollars in 2022, and it is anticipated that this value will increase to approximately 6.34 billion US dollars by 2030, at a compound annual growth rate (CAGR) of approximately 3.82% between 2023 and 2030.
Desiccated Coconut Powder Market: Overview
The flesh of fully developed coconuts is used in the production of desiccated coconut. It is then graded or shredded into pieces that are very thin and very small. The chunks of this variety of coconut are often dried using sunshine or heated air in order to remove the moisture content that is contained within them. The form of coconut that results from this process is known as desiccated coconut. It has a flavour that is sweet and has a little nutty aftertaste, and the texture is quite grainy. When a desiccated coconut is made into powder form, the product is finely processed into a coherent powder form. The key difference between the shredded form and the powder form is the texture of the final product. When it is in powder form, the consistency is similar to that of a soft powder.
The convenience and adaptability of desiccated coconut in powder form, which can be used in a wide variety of recipes, is the primary factor driving the growing popularity of this product. Because it is in powder form, it may be equally dispersed and absorbed by the other components of the recipe. The product, marketing, and distribution of desiccated coconut powder fall under the purview of this industry, which is anticipated to expand at a rate that is relatively constant over the time of the forecast.
Desiccated Coconut Powder Market: Growth Drivers
The Food and Beverage (F&B) industry is expanding, which will boost market growth.
It is anticipated that the global market for desiccated coconut powder would expand as a result of the growing food and beverage industry in every region of the world. In addition to baked goods, confectionery, cereals, snacks, and beverages, this kind of dried coconut can be found in a broad variety of other products as well. Because of the many positive effects that consuming a desiccated coconut in powder form has on one's health, diet culture in many areas of the world includes the inclusion of desiccated coconut in its powdered form.
Desiccated Coconut Powder Market: Segmentation
The global market for desiccated coconut powder can be broken down into four distinct submarkets: distribution channel, end user, application, and geography.
The global market can be broken down into several different segments depending on the application, including dairy products, bakery, frozen desserts, confectionery, and others. The industry saw the most expansion in the bakery sector, where it is used in the production of a variety of baked goods such as bread, cakes, cookies, pastries, muffins, and other items. This contributed to the industry's overall expansion. The baked goods' overall appearance and taste are improved as a result of the rich flavor of coconut as well as its smooth texture. This, in turn, has an effect on how popular baked goods are and how much of them are consumed.
Desiccated Coconut Powder Market: Regional Analysis
The Asia-Pacific region is expected to maintain its dominant position during the projection period.
The Asia-Pacific region is anticipated to see the highest growth in the global market for desiccated coconut powder over the next few years. Countries such as India, Indonesia, Sri Lanka, Thailand, and the Philippines are likely to hold supremacy over the bulk of the regional share.
The high production rate of coconut seen in these regions is the primary factor responsible for the higher CAGR found in Asia and the Pacific. India is one of the world's leading producers and exporters of coconuts and items produced from the coconut. Coconuts worth more than USD 393 million were exported from India in 2022, representing an increase of approximately 41% in comparison to the previous year's exports of coconuts.
Desiccated Coconut Powder Market: Competitive Analysis
The global desiccated coconut powder market is led by players like:
Marudhar Foods Pvt. Ltd.
Primex Coco Products Inc.
Royce Food Corporation
Celebes Coconut Corporation
Meghna Group of Industries
Pacific Eastern Coconut Utama
Sri Lanka Export Development Board
Rasaku
Adamjee Lukmanjee & Sons Pvt. Ltd.
Cocoguru Coconut Industries Pvt. Ltd.
PT Global Coconut
Goya Foods Inc.
Sun Bio Naturals India Pvt. Ltd.
Q.B.B. Pure Ghee
QRS Retail Ltd.
ZICO Beverages LLC
P.T. Grand Multi Chemicals
Santhome Foods
Primrose's Kitchen
Farmvilla Food Industries Pvt. Ltd.
Nature's Charm
Trader Joe's.
The global desiccated coconut powder market is segmented as follows:
By Application
Dairy Products
Bakery
Frozen Dessert
Confectionary
Others
By End-User
Food Service Industry
Household
Food & Beverage Industry
By Distribution Channel
Indirect
Direct
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of The Middle East & Africa
Contact US
Zion Market Research
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL-FREE +1 (855) 465-4651
Email: [email protected]
Read Also:
https://www.linkedin.com/pulse/global-electronic-cleaning-solvents-market-size-share-michael-goode/
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