About Dry Coconut Powder
Dry Coconut Powder is basically the dried coconut which is toasted in oil and grounded in either powdered format, flaked format or shredded format. The product has low cholesterol and low sodium content, but high manganese content. Due to his dried nature or low water content nature, the dry coconut powder has long shelf life. The dry coconut powder is extensively used in the South Asian food due to its rich flavour as well as rich texture. Although, due to less awareness and less applications of dried coconut powder outside Caribbean and Asia Pacific, it has limited market scope. Presence of locally sourced alternatives as well as adulteration of products in market has been a major hindrance for the growth of the dry coconut powder market. Asia Pacific dominates the dry coconut powder market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Growing population and rising demand for packaged processed food has led to the growth of the dry coconut powder market. The dry coconut powder offers extended shelf life compared to regular whole dry coconut, thus making it ideal in extensively growing urban lifestyle. Due to less awareness and application of dry coconut in cuisines outside the Asia Pacific, limits the growth prospectus of the dry coconut powder. Currently, Asia Pacific dominates the dry coconut powder market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jamaican Teas Ltd. (Jamaica), Ayam Sarl (Malaysia), Supermarket Grocery Supplies Pvt Ltd. (India), Amrutha Coconut Products (India), Innovative Foods Limited (India), Grofers India Pvt. Ltd. (India), Phalada Organic Consumer products Pvt Ltd. (India), Flipkart Internet Private Limited (India), Thai-Choice (Thailand) and Fiesta Tropicale (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cocomi Bio Organic (Sri Lanka), Trikund Food and Herbs Pvt Ltd. (India) and Natural History Brand (India).
Segmentation Overview
AMA Research has segmented the market of Global Dry Coconut Powder market by and Region.
On the basis of geography, the market of Dry Coconut Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Regular will boost the Dry Coconut Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce Stores} will boost the Dry Coconut Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Shredded will boost the Dry Coconut Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Plastic Packet will boost the Dry Coconut Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Powdered Segment Accounts for Larger Market Share
Market Growth Drivers:
Growth of the Processed Agricultural Products Market because of Extra Value Addition and Rising Global Population and Globalisation has led to Increasing Influence of South Asian Food
Challenges:
Presence of Adulterated Products in the Market
Restraints:
Alternative Present as Locally Sourced Whole Raw Dried Coconut
Opportunities:
Vegan and Gluten Free Segment may Rise in Popularity with Rising Disposable Incomes
Market Leaders and their expansionary development strategies
In 2021, Tata Digital, a subsidiary of Tata Sons Pvt. Ltd. has announced acquisition of 64.3 percent or majority stakes in Supermarket Grocery Supplies Pvt Ltd., which is an online grocery livery start up. The acquisition puts Tata in a direct competition with the big names in Indian online grocery market such as Reliance, Amazon and Walmart-Flipkart. This deal will even benefit big basket to grow further utilizing the Tata’s extensive ecosystem.
Key Target Audience
Dry Coconut Powder Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.