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

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