The latest report published by IMARC Group, titled “Coconut Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the 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 a versatile ingredient that is made from dehydrated coconut milk. It is a white, powdery substance that can be reconstituted with water to make coconut milk. It is easy to store and convenient to use. It also has a long shelf life, which makes it an ideal ingredient for those who want to stock up on non-perishable ingredients
At present, coconut milk powder finds extensive applications in a wide variety of industries, such as food and beverage (F&B), cosmetics, and beauty and personal care.
What are the growth prospects and trends in the industry?
The increasing demand for plant-based products represents one of the key factors driving the market growth. In line with this, the rising preference for vegan products and the increasing number of vegetarian individuals is contributing to the market growth.
The rising demand for organic and natural product variants is acting as a major growth-inducing factor. The market is also driven by the increasing awareness regarding the benefits associated with the consumption of coconut milk, which is consequently facilitating its incorporation in daily diets.
Other factors, such as the rising consumer expenditure on healthy food products, increasing health consciousness among individuals, and the easy product availability through various distribution channels, are creating a positive outlook for the market further across the globe.
Competitive Landscape:
The competitive landscape of the coconut milk powder market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- Nestlé S.A.
Key Market Segmentation:
The report has segmented the global coconut milk powder market based on product, type, packaging type, application, distribution channel and region.
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
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/coconut-milk-powder-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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