The global desiccated coconut powder market is anticipated to grow at a cagr of 7.5% during the forecast period. The major factor contributing to the growth of the global desiccated coconut powder market is the properties of desiccated coconut powder such as it is highly enriched with fiber and minerals and is gluten-free. Desiccated coconut is a traditional baking and confectionery ingredient in many European countries, and is used in a variety of sweet products. It is also used as an ingredient in Asian savory dishes. As per the Ministry of Foreign Affairs, Europe is the world’s largest importer of desiccated coconut, accounting for more than 30% of global imports in 2021, followed by the US which accounted for 10%, Singapore 8%, and the Russian Federation 4%. As per the same source, European imports of desiccated coconut reached 118 thousand tonnes in 2020, worth $211 million.
Browse the full report description of “Desiccated Coconut Powder Market Size, Share & Trends Analysis Report, By Type (Full Fat and Low Fat), By End-User (Households, Restaurants, Cafes, Bakeries, and Others), By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Online Store, and Others), Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/desiccated-coconut-powder-market
Numerous strategic moves such as product launches, partnerships, collaborations, and geographical expansion were adopted by the key player Nutiva, CBL Natural Foods (Pvt) Ltd., Celebes Coconut Corp., and others to remain competitive in the global market will further aid in the market growth. For instance, in July 2020, iTi Tropicals, Inc. launched a 100% vegan coconut milk powder. The new clean label ingredient is free from food starches, stabilizers, emulsifiers, and other additives. It is suitable for use in applications ranging from cake and cupcake mixes, pancake mixes, waffle mixes, muffins, and more.
Moreover, in March 2022, Nutiva and Coconut Secret unveiled innovative new culinary products at Natural Products Expo West. To expand its portfolio, Nutiva launched Nutiva Organic Coconut Spreads, and C8 MCT Oil, plant-based culinary oils and foods made with the highest quality ingredients. USDA Organic, non-GMO, vegan, and gluten-free, these soon-to-be coconut-based favorites cater to the growing number of consumers who are prioritizing both health and sustainability.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2021-2028
• Segment Covered-
o By Type
o By End-User
o By Distribution Channel
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Primex Coco Products Inc., Cocomi Bio Organic, and Kapar Coconut Industries, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Desiccated Coconut Powder Market Report by Segment
By Type
• Full Fat
• Low Fat
By End User
• Households
• Restaurants
• Cafes
• Bakeries
• Others
By Distribution Channel
• Supermarket/Hypermarket
• Convenience Store
• Online Store
• Others
Global Desiccated Coconut Powder Market by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/desiccated-coconut-powder-market