Coconut Milk Powder Market value was valued at USD 800 million in 2019 and is anticipated to reach an extent of USD 1080 million by the end of the assessment period with reasonable growth to record a CAGR of 5.0% throughout the estimated period (2020-2025).
Coconut Milk Powder is cold dust utilized in the foods arranged in the Southeast Asian countries. Throughout the spring ventilation process, coconut milk powder is delivered from crude, unsweetened coconut cream and is re-framed by water for use in coconut milk. Different types of coconut milk powders include whey or casein into their parts. Coconut is exceptionally nutritious and contains the minerals of iron and sodium, calcium and magnesium, selenium and phosphorus, just as strands, nutrients B1, B3, B6, C, and E. Also, coconut-inferred items give a few healthy focal points, for example, improving cardiovascular wellbeing, regularizing stomach related issues, and helps stomach related problems.
Coconut Milk Powder Market Recent Developments:
A couple of prominent developments boosting the worldwide coconut milk powder market are:
The easily recognized name of Chobani, with its well-known Greek yogurt, wants to accomplish another plant-based item that would make equivalent progress—notwithstanding the absence of two natural properties. The new casing item will be accessible broadly by mid-February and will hit a few shops this month. Chobani tries to develop the plant yogurt market. The presentation of such creative items is relied upon to look suitable for the global coconut milk powder market in the coming years.
Danone in July 2016 gained WhiteWave Foods Co., the U.S. Food and drink bundling organization that additionally delivers USD 10 billion natural food. The buy helped the organization to grow its profile food business further with non-milk drinks.
Market Dynamics:
In 2017, deals of natural nourishment rose by 6.4% when contrasted with 2016, to US$ 45.2 billion as indicated by the Bio-Trade Association. The advantages of natural coconut milk powder are in this manner expected to help natural market development during the estimated time frame.
The prominence and flexibility of the coconut season in food and beverages will keep on request; however, its future as an ingredient will rely upon supply and cost. This is probably going to support the worldwide coconut milk powder market in the coming years.
In addition, coconut milk powder utilization gives a few medical advantages that are relied upon to animate market development during the foreseen period. The usage of coconut milk powder adds to the improvement of the insusceptible framework and assists with keeping away from a few illnesses. The vast sums in coconut milk of lauric corrosive can be effortlessly ingested and vitality free by the body. It likewise assists with diminishing the degree of cholesterol, increment pulse and forestalls strokes and respiratory failures. Expanded shopper attention to these favorable circumstances prompts coconut milk powder inclination over other milk options that support the development of the worldwide coconut milk powder market.
The coconut milk is a crucial piece of Asian food, and in the estimated time frame, the interest for coconut milk powder in the zone is likely to keep on being high. The high level of lactose intolerance among shoppers is the key development factor for the coconut milk powder market in Asia-Pacific.
Drivers and Restraints:
Coconut milk is exceptionally nutritious and offers strands, nutrients E, C, B1, B3, B5, and B6, and minerals, for example, iron, sodium, calcium, magnesium, selenium, and phosphorus. Besides, coconut items offer various medical advantages, for example, improvement in cardiovascular wellbeing, a decrease of stomach related issues, and help in weight reduction. Coconut water provides cardio-defensive impact, supports kidney wellbeing, helps in diabetes, offers rehydrating impact post-exercise and helps in keeping up circulatory strain levels. Expanding wellbeing mindfulness combined with the benefits of coconut items is driving the development of the global coconut milk powder market.
In any case, fluctuating costs of coconut and its items are impeding the development of the market. The expenses of coconut milk powder significantly rely upon the wellspring of the coconut and transportation charges. Harm to plantations because of catastrophic events additionally impacts the costs of coconut oil. As indicated by the World Bank, overall coconut costs in 2013 were US$ 939.47 per MT, which expanded to US$ 1103.51 per MT and US$ 1000.72 per MT in 2015 and 2018, separately. This is credited to the fluctuating cost of coconut, which relies upon its interest and supplies just as the investment and quantity of other vegetable oils including palm oil and soy oil.
Impact of COVID-19 on Coconut Milk Powder Market:
The Covid-19 pandemic and the spread of coronavirus has had a great impact on almost all industries across the world, especially the food & beverage sector. The global lockdown has resulted in the closing of manufacturing units, supply chain disruption, complexities in distributions, and other challenges, which resulted in the decline of sales in the global coconut milk powder market. However, in the coming days, with the rising consumer preference for healthy foods and improve immunity, the call for coconut milk powder is touted to increase. The increase in lactose intolerance cases and the need to improve food characteristics with the addition of coconut milk powder is predicted to increase sales in the industry after the pandemic settles down
Coconut Milk Powder Market is Segmented and Sub-segmented into following below:
Based on Product:
Original Flavor
Other
Based on Application:
Food
Drinks
Based on Form:
Liquid
Powder
Based on Nature:
Organic
Conventional
Based on End User:
Household
Food Services
Geographical Classification of the Market:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Rest of the world
Regional Share Insights of the Coconut Milk Powder Market:
The market in the Asia Pacific is predicted to command in the worldwide market as far as income over the estimated time frame, inferable from expanding interest for coconut milk powder particularly from South Asian nations right now. Moreover, growing lactose intolerant populace across different countries right now is another factor expected to support the development of coconut milk powder over the conjecture time frame. The market in North America followed by Europe is foreseen to enlist massive growth over the outlook period, due to the expanding interest for coconut milk powder as an option in the food and drink industry across different nations right now.
Southeast Asia is the most significant area of the Coconut Milk Powder market in the world in the previous not many years, and it will continue expanding in the following hardly any years. The Southeast Asia showcase took up about 31.3% of the worldwide market in 2018, while Europe and North America were approximately 14.5%, 10.7%. Indonesia, Philippines, Thailand, Vietnam, and so on are presently the principal designers of the Coconut Milk Powder business.
Leading Company:
Cocos had the largest share of the Coconut Milk Powder Market in terms of sales and revenue in 2019.
Leading Key Companies Covered in this market report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Original Flavor
5.1.3 Other
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Application
5.2.1 Introduction
5.2.2 Drinks
5.2.3 Food
5.2.4 Y-o-Y Growth Analysis, By Application
5.2.5 Market Attractiveness Analysis, By Application
5.2.6 Market Share Analysis, By Application
5.3 Form
5.3.1 Introduction
5.3.2 Liquid
5.3.3 Powder
5.3.4 Y-o-Y Growth Analysis, By Form
5.3.5 Market Attractiveness Analysis, By Form
5.3.6 Market Share Analysis, By Form
5.4 Nature
5.4.1 Introduction
5.4.2 Organic
5.4.3 Conventional
5.4.4 Y-o-Y Growth Analysis, By Nature
5.4.5 Market Attractiveness Analysis, By Nature
5.4.6 Market Share Analysis, By Nature
5.5 End User
5.5.1 Introduction
5.5.2 Household
5.5.3 Food Services
5.5.4 Food & Beverage Manufacturing
5.5.5 Cosmetics & Personal Care
5.5.6 Other Applications
5.5.7 Y-o-Y Growth Analysis, By End User
5.5.8 Market Attractiveness Analysis, By End User
5.5.9 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Application
6.1.3.4 By Form
6.1.3.5 By Nature
6.1.3.6 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Application
6.1.4.4 By Form
6.1.4.5 By Nature
6.1.4.6 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Application
6.1.5.4 By Form
6.1.5.5 By Nature
6.1.5.6 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Enature Organic Products
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Natural Sourcing
8.3 Coconut Company Ltd
8.4 Ahrensburg
8.5 Nestl Lanka PLC
8.6 Xi'An Rongsheng Biotechnology
8.7 Xian Le Sen Bio-Technology
8.8 S&P INDUSTRIES
8.9 Kara
8.10 NANGUO
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
