Desiccated Coconut Powder Market - Global Industry Research Analysis

Desiccated Coconut Powder Market Insights

According to Market Research Store study, the global Desiccated Coconut Powder Market size is anticipated to reach USD 4.42 Billion by 2032 from USD 2.71 Billion in 2023. Moreover, the global market is expected to witness a CAGR of 5.6% during the forecast period (2024-2032). The market research report encompasses market overview, growth factors, restraints, opportunities, segmentation, key developments, competitive landscape, consumer insights, and market growth forecast in terms of value or volume. These structured details offer an all-inclusive market overview, providing valuable insights for investment decisions, business decisions, strategic planning, and competitive analysis.

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Global Desiccated Coconut Powder Market: Overview

The global desiccated coconut powder market is expected to expand at a CAGR of 7.4% over the forecast period 2022-2028. Desiccated coconut is crispy and snow-white in color, with a pleasant, sweet, and fresh nut flavor. It is produced using fresh coconuts that have been collected at the ideal moment to assure the optimum flavor. The coconut is then dried to provide a long shelf life, the richest flavor, and the finest mouth feel. It is made from matured coconuts, and the white coconut meat is pulverized into the necessary cuts and sold as coconut flour, flakes, macaroon, shreds, or chips. It's also available in toasted, sweetened, and toasted sweetened varieties. It can be used in place of shredded fresh coconut in domestic recipes.

Global Desiccated Coconut Powder Market: Growth Factors

The global desiccated coconut powder market is growing at a significant rate. Factors such as increasing income and a switch in consumer choice toward natural and organic goods with reduced cholesterol levels and high mineral & vitamin content are increasing demand for the product. With the continued rise in the food business, the use of powdered coconuts in a variety of applications like puddings, cakes, and other bakery items is increasing at a similar rate. Generally, the food and beverage business is confronting problems in terms of product creation and manufacturing. The properties of desiccated coconut powder, such as its longer shelf-life and several health advantages, have driven the market's overall expansion. Further, coconut powder is high in fiber & minerals and it is gluten-free. Coconut powder's qualities make it a perfect product for applications such as garnishes, cooking, and baking. The desiccated coconut powder market growth is also been facilitated by the growth of the baking sector as a result of changes in consumer lifestyle and dietary habits. Furthermore, it is widely available in the market via supermarkets, e-commerce platforms, and retail stores which has supported the market growth. Furthermore, technological advancement in the manufacturing lines to enhance the production of the product may lead to opportunities for the growth of the global desiccated coconut powder market during the forecast period. However, the availability of numerous replacements for dehydrated coconut powder on the market, such as macadamia, Brazil nuts, or fresh coconut that give a comparable texture and nutty flavor to desiccated coconut powder, may impede the growth of the global desiccated coconut powder market.

Global Desiccated Coconut Powder Market: Segmentation

• By Grade
  The market is segmented into medium grade and fine grade, distinguishing products based on their texture. Medium grade is coarser, suitable for specific recipes like baked goods, while fine grade is finely shredded, making it ideal for smooth and refined applications such as confections.

• By Type
  This segmentation focuses on the fat content of the desiccated coconut powder. Full-fat powder retains the natural oils of the coconut, offering a richer flavor, while reduced-fat powder has lower oil content, catering to health-conscious consumers or specific dietary needs.

• By End-User
  This segment categorizes the market based on usage. The food & beverages sector represents commercial users such as bakeries and packaged food manufacturers. The household segment comprises individual consumers using the product for home cooking, and the "others" category includes niche applications or industries.

• By Distribution Channel
  The market is divided based on the mode of product delivery. The direct or B2B channel involves direct transactions between manufacturers and businesses, while the indirect or B2C channel involves retail and online sales to end consumers.

Desiccated Coconut Powder Market: Report Scope

Global Desiccated Coconut Powder Market: Regional Analysis

Asia Pacific is projected to continue its dominance over the global desiccated coconut powder market. Asian countries such as India, China, Malaysia, Thailand, Indonesia, and the Philippines are the major consumer of desiccated coconut powder. These countries hold more than 60% share of the total desiccated coconut powder consumption. India is among the major coconut producing country in the APAC and expanding its export capacities with greater capabilities, the local food sector in India also supports the rapid expansion of the market. Europe is anticipated to hold the second-largest share in the global desiccated coconut powder market followed by North America.

Global Desiccated Coconut Powder Market: Competitive Players

The global desiccated coconut powder market is highly competitive, with several prominent players contributing to its growth. These companies operate across various regions and focus on expanding their presence and capabilities. For instance, The Asian Development Bank (ADB) announced a USD 5 million financing agreement with PT SASL and Sons Indonesia, a division of the Silvermill Group. This funding aims to support business expansion in Indonesia, reinforcing Silvermill Group’s position as one of Sri Lanka's largest manufacturers and distributors of coconut-based products.

Key Players in the Market:

• Cocomi
• Celebes Coconut Corporation
• S & P Industries Sdn Bhd
• PT. Pacific Eastern Coconut Utama
• Primex Coco Products, Inc.
• Global Coconut
• Cbl Natural Foods Pvt Ltd
• Tradlanka Agricultural Enterprises Pvt Ltd.
• VIET DELTA CORPORATION
• Silvermill Group

Global Desiccated Coconut Powder Market is Segmentations follows:

• By Grade

  • Medium Grade
  • Fine Grade

• By Type

  • Full Fat
  • Reduced Fat

• By End-User

  • Food & Beverages Sector
  • Household
  • Others

• By Distribution Channel

  • Indirect/B2C Channel
  • Direct/B2B Channel

Global Desiccated Coconut Powder Market: Regional Segment Analysis

• 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 Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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