According to IMARC Group’s latest report, titled “Coconut Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global coconut milk powder market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Coconut milk powder is extracted from fresh coconut milk. It is dried to extend its shelf life while retaining the natural aroma and flavor of the fresh counterpart. It is rich in nutritional content and is widely utilized across the food and beverages sector in the preparation of coffee, yogurt, sauces, curries, smoothies and ice creams.
Market Trends and Drivers:
The coconut milk powder market is primarily driven by the increasing awareness regarding the health benefits of coconut milk powder. This, along with the rich taste of the product, has facilitated its utilization in the preparation of numerous cuisines across the globe, thereby creating a positive outlook for the market. The market is further driven by the introduction of vegan, gluten-free and non-genetically modified organism (GMO) product variants in the market by the key players to cater to the evolving preferences of the masses. Moreover, easy product availability through online and offline organized retail channels is also providing an impetus to the market growth. Some of the other factors contributing to the market growth include considerable growth in the food and beverages sector and the inflating disposable income levels of the masses.
Coconut Milk Powder Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
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.)
- Healthworks
- Bramble Berry Inc.
- Nestle S.A.
- King Arthur Flour Company Inc.
- Enerhealth Botanicals LLC
- BareOrganics
- KOS Naturals
- Dr. Ben Kim Natural Health Solutions
- Grace Foods Canada Inc.
Key Market Segmentation:
The report has segmented the coconut milk powder market on the basis of 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 Figure: https://www.imarcgroup.com/coconut-milk-powder-market
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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