Coconut Milk Powder Market

Market Overview:

The global coconut milk powder market is expected to exhibit a growth rate (CAGR) of 10.01% during 2023-2028.

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. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global coconut milk powder market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, type, packaging type, application and distribution channel.

Breakup by Product:

• Conventional
• Organic
   

Breakup by Type:

• Sweetened
• Unsweetened
   

Breakup by Packaging Type:

• Pouches
• Cartons
• Bottles
• Others
   

Breakup by Application:

• Beverages
• Savories
• Bakery & Confectionery
• Dairy & Frozen Products
• Others
   

Breakup by Distribution Channel:

• B2B
• B2C
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retailers
  • Others
     

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

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.

Report Coverage:

Key Questions Answered in This Report:

• How has the global coconut milk powder market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global coconut milk powder market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the packaging type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global coconut milk powder market and who are the key players?
• What is the degree of competition in the industry?