A recent report published by Infinium Global Research on the coconut powder market provides in-depth analysis of segments and sub-segments in the global as well as regional coconut powder market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional coconut powder market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global coconut powder market. According to the report, the global coconut powder market is projected to grow at a CAGR of 8.5% over the forecast period of 2019-2025.
Coconut powder is meant to be a very fine powder, like a flour. To use, reconstitute in water. It is made by evaporating coconut milk. This is good to have on hand if you cook Asian just often enough that you are going to get caught without coconut milk. Coconut powder is generally used in sprinkled into desserts, curries, muesli mixes or in the rice dishes, cake mixes. It has a naturally sweet taste of coconut which works especially well in Thai cuisine.
The global coconut powder market is primarily driven by the rising awareness of the health benefits of coconuts among the consumers. Moreover, health benefits such as the growing utilization of blood glucose and insulin secretion and improvement in heart health due to the fatty acid supplied to the body are expected to fuel the market growth in the near future. However, less awareness within the rural people about the health benefits of coconut powder and the unavailability of powder in various places is expected to hinder the demand for the global coconut powder market. Nonetheless, Rising awareness among the people is owing to the campaigns conducted by major players is anticipated to create a new opportunity for the global coconut powder market.
On the basis of region, the global coconut powder market is bifurcated into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. The Asia Pacific held the largest revenue share for the global coconut powder market in 2018 owing to the rising popularity of Asian cuisines, and the Asian dishes contain coconut powder as one of the key ingredients. The Asia Pacific is anticipated to be the fastest-growing region within the projected years owing to the widespread use of coconut powder in various cuisines and abundant production of coconut in the region. As an example, Asia Pacific held for 82.6% of the global coconut production according to FAO, in 2017.
The report on the global coconut powder market covers segments such as type and distribution channel. On the basis of type, the sub-markets include inorganic coconut powder and organic coconut powder. On the basis of the distribution channel, the sub-markets include supermarket and hypermarkets, convenience stores, and specialist retailers.
The report provides profiles of the companies in the market such as Celebes Coconut Corporation, Thai-Choice, Primex, Cocomi Bio Organic, PT. Global Coconut, Fresh Fruit ingredients, V V Industries, Fiesta ingredients, SALEH & ABDULAZIZ ABAHSAIN CO.LTD., and Renuka Foods.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of coconut powder market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.