Coconut Milk Powder Market Trends, Size, Growth, Challenges, Demand and Future Outlook
Coconut Milk Powder Market Growth, Size, Trends Analysis- By Product, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: FOOD24140 | Pages: 1 - 256 | Formats*: |
| Category : Food & Beverages | |||
Coconut Milk Powder Market Introduction and Overview
According to SPER Market Research, the Global Coconut Milk Powder Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Global Coconut Milk Powder Market, including market size and trends, product mix, applications, and supplier analysis. The liquid taken from grated coconut meat is dried to generate coconut milk powder, a dehydrated version of coconut milk. In order to create a fine, powdery product that preserves the rich, creamy flavor and health benefits of fresh coconut milk, the method usually entails draining the moisture from the milk. It is frequently used in baking, cooking, and drinks as a practical substitute for fresh or canned coconut milk. Because of its versatility, coconut milk powder can be used straight into recipes that call for a creamy texture and tropical flavor, or it can be reconstituted with water to form liquid coconut milk.
- Oat and coconut milk powder was introduced by Only Earth in India in May 2021. The product costs INR 300 for a 1L package and can be purchased online from Amazon, Big Basket, and QTROVE. In certain Indian cities, milk products can also be purchased at Nature's Basket and Foodhall.
- Danone SA started manufacturing its plant-based Alpro beverages at its Labinsk facility in southern Russia in March 2021. The project's initial phase is finished, and the manufacturing of drinks made from coconut, almond, and oats is already under way. The new line can produce 7,000 units of product per hour in packaging that holds one liter and 0.75 liters.
Market Opportunities and Challenges
Opportunities- Growth in the market is being driven by rising demand for plant-based substitutes. An important development in the coconut milk powder industry is the growing desire for plant-based substitutes. A growing number of consumers are switching to plant-based diets for a variety of reasons, such as ethical, sustainable, and health-related ones. Coconut milk powder, which is made from coconuts, fits in with this trend by offering a flexible dairy-free alternative for baking, cooking, and drinking. Growing numbers of people who are vegan or lactose intolerant have helped coconut milk powder become a more popular dairy alternative. In many Asian cuisines, such as Thai, Indian, Indonesian, Malaysian, and Filipino, coconut milk is a basic ingredient. Curries, soups, stews, desserts, and drinks are just a few of the many meals that incorporate it. The demand for coconut milk and coconut milk powder, which are essential ingredients in Asian recipes, is rising along with the popularity of Asian cuisine globally.
Challenges- A number of obstacles prevent the coconut milk powder business from expanding and growing. Since weather, pests, and diseases can affect coconut production, affecting availability and prices, one significant barrier is the high cost of raw materials. Furthermore, production prices may rise due to the intricate technology and quality control procedures required to turn coconut milk into powder. Competition from substitute plant-based milk powders, such oat or almond milk powder, which are becoming more and more well-liked as a result of shifting customer tastes for dairy-free goods, is another issue.
Market Competitive Landscape
The Global Coconut Milk Powder Market is moderately consolidated. Some of the market key players are Anthony's Goods, BareOrganics, Bramble Berry Inc., Dr. Ben Kim Natural Health Solutions, Enerhealth Botanicals LLC, Grace Foods Canada Inc., Healthworks, King Arthur Flour Company Inc., KOS Naturals, and Nestlé S.A.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Application, By Distribution Channel. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | Anthony's Goods, BareOrganics, Bramble Berry Inc., Dr. Ben Kim Natural Health Solutions, Enerhealth Botanicals LLC, Grace Foods Canada Inc., Healthworks, King Arthur Flour Company Inc., KOS Naturals, and Nestlé S.A. |
COVID-19 Impact on Global Coconut Milk Powder Market
The global market for coconut milk powder was significantly impacted by the COVID-19 epidemic, which caused interruptions in manufacturing, supply chains, and consumer behavior. Due to industrial and shipping delays brought on by the early lockdowns and restrictions, raw material shortages and prices rose. As consumers became more health-conscious and looked for alternate food options, the pandemic also caused a spike in demand for plant-based and dairy-free products. E-commerce sales of coconut milk powder grew as a result of the pandemic's increasing emphasis on internet shopping.
Key Target Audience:
- Health-Conscious Consumers
- Vegan and Plant-Based Diet Followers
- Dairy-Free Consumers
- Food Manufacturers and Processors
- Natural and Organic Product Enthusiasts
- Athletes and Fitness Enthusiasts
- Restaurants and Foodservice Providers
Our in-depth analysis of the Coconut Milk Powder Market includes the following segments:
| By Product: | |
| By Application: | |
| By Distribution Channel: |
Key Topics Covered in the Report:
- Global Coconut Milk Powder Market Size (FY’2024-FY’2033)
- Overview of Global Coconut Milk Powder Market
- Segmentation of Global Coconut Milk Powder Market By Product (Conventional, Organic)
- Segmentation of Global Coconut Milk Powder Market By Application (Beverages, Savories, Bakery & Confectionery, Dairy & Frozen Products, Others)
- Segmentation of Global Coconut Milk Powder Market By Distribution Channel (B2B, B2C)
- Statistical Snap of Global Coconut Milk Powder Market
- Expansion Analysis of Global Coconut Milk Powder Market
- Problems and Obstacles in Global Coconut Milk Powder Market
- Competitive Landscape in the Global Coconut Milk Powder Market
- Impact of COVID-19 and Demonetization on Global Coconut Milk Powder Market
- Details on Current Investment in Global Coconut Milk Powder Market
- Competitive Analysis of Global Coconut Milk Powder Market
- Prominent Players in the Global Coconut Milk Powder Market
- SWOT Analysis of Global Coconut Milk Powder Market
- Global Coconut Milk Powder Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Coconut Milk Powder Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Coconut Milk Powder Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Coconut Milk Powder Market
7. Global Coconut Milk Powder Market, By Product (USD Million) 2020-2033
7.1. Global Coconut Milk Powder Market Size, Share and Forecast, By Product, 2020-20267.2. Global Coconut Milk Powder Market Size, Share and Forecast, By Product, 2027-20337.3. Conventional7.4. Organic
8. Global Coconut Milk Powder Market, By Application (USD Million) 2020-2033
8.1. Global Coconut Milk Powder Market Size, Share and Forecast, By Application, 2020-20268.2. Global Coconut Milk Powder Market Size, Share and Forecast, By Application, 2027-20338.3. Beverages8.4. Savories8.5. Bakery & Confectionery8.6. Dairy & Frozen Products8.7. Others
9. Global Coconut Milk Powder Market, By Distribution Channel (USD Million) 2020-2033
9.1. Global Coconut Milk Powder Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. Global Coconut Milk Powder Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. B2B9.4. B2C
9.4.1. Supermarkets and Hypermarkets9.4.2. Convenience Stores9.4.3. Online Retailers9.4.4. Others
10. Global Coconut Milk Powder Market Forecast, 2020-2033 (USD Million)
10.1. Global Coconut Milk Powder Market Size and Market Share
11. Global Coconut Milk Powder Market, By Region, 2020-2033 (USD Million)
11.1. Global Coconut Milk Powder Market Size and Market Share By Region (2020-2026)11.2. Global Coconut Milk Powder Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific
11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada11.6.2. Mexico11.6.3. United States
11.7. Latin America
11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Anthony's Goods
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. BareOrganics
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Bramble Berry Inc.
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Dr. Ben Kim Natural Health Solutions
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Enerhealth Botanicals LLC
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Grace Foods Canada Inc.
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Healthworks
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. King Arthur Flour Company Inc.
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. KOS Naturals
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Nestle S.A.
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Coconut Milk Powder Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Coconut Milk Powder Market grew in Market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Coconut Milk Powder Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Coconut Milk Powder Market size is USD XX billion from 2024 to 2033.
Coconut Milk Powder Market is covered By Product, By Application, By Distribution Channel.
The North America is anticipated to have the highest Market share in the Coconut Milk Powder Market.
The key players in the Market include Companies Covered Anthony's Goods, BareOrganics, Bramble Berry Inc., Dr. Ben Kim Natural Health Solutions, Enerhealth Botanicals LLC, Grace Foods Canada Inc., Healthworks, King Arthur Flour Company Inc., KOS Naturals, and Nestlé S.A.
The liquid taken from grated coconut meat is dried to generate coconut milk powder, a dehydrated version of coconut milk. In order to create a fine, powdery product that preserves the rich, creamy flavor and health benefits of fresh coconut milk, the method usually entails draining the moisture from the milk.
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