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The global coconut milk powder market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Coconut milk powder is produced using coconut milk extracted from the sterilized white kernels of coconuts. It has a longer shelf-life as compared to fresh coconut milk and retains its natural flavor, texture and aroma. It assists in preventing anemia, improving heart health and enhancing respiratory functions. Consequently, it is extensively utilized in preparing various confectionery items. Moreover, as it is convenient and economical, it is used in smoothies, as cream in coffee or to add flavor in ice cream, yogurt, sauces and beverages.
The growing health consciousness and the rising awareness about the benefits of coconut milk powder are increasing its utilization in various cuisines. Apart from this, the increasing number of dine-out hotels and quick-service restaurants (QSRs) is contributing to the market growth. Furthermore, as coconut milk powder contains vitamin C and E, it helps in preventing several aging disorders. This, along with the growing geriatric population and increasing prevalence of chronic diseases, is bolstering the market growth. Moreover, manufacturers are focusing on introducing sustainable packaging for coconut milk powder. They are also offering vegan, gluten-free and non-genetically modified organism (GMO) variants that do not contain casein. The growing trend of veganism and increasing lactose intolerant population are strengthening the market growth. Besides this, due to inflating disposable incomes, busy lifestyles and the thriving food and beverage (F&B) industry, the demand for coconut milk powder is escalating, especially through e-commerce channels as they provide additional offers.
IMARC Group provides an analysis of the key trends in each sub-segment of the global coconut milk powder market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, type, packaging type, application and distribution channel.
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The competitive landscape of the industry has also been examined with some of the key players being Anthony's Goods (ACH Food Companies Inc.), 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.
|Base Year of the Analysis||2020|
|Segment Coverage||Product, Type, Packaging Type, Application, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Anthony's Goods (ACH Food Companies Inc.), 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.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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