Industry Background:
Desiccated coconut powder is the chipped and powdered coconut meat, the moisture from the coconut fruit is removed and dried and then ground to form the powder. It is widely used in beverages, bakery products, snacks, and other food products, it is snow-white in appearance and has a nutty flavor and natural light sweetness. The coconut products are healthy and hence are used in a variety of food applications enhancing the favors.This growth is primarily driven by Increasing Demand for the Coconut Products and its Extracts
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | KT |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cocomi (Sri Lanka), V.V. Industries (India), Fiesta Ingredients Australia Pty Ltd (Australia), V Foods Corp. (United States), Sabari Agro Products (India), International Coconut Corporation (United States), Royce Food Corporation (Philippines), Alavi & Sons (India) and Nutretiaa Industries (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2023, Metro Pacific Agro Ventures Inc. acquired 34.76 percent ownership in Axelum Resources Corporation. ARC is a manufacturer and exporter of coconut products such as desiccated coconut, coconut milk or cream and coconut cooking oil. among others, MPIC told the stock exchange.
In October 2022, Sri Lankan imports hit Indian desiccated coconut powder industry. DC powder is used as an ingredient in Savoury and sweet recipes to provide the flavor of coconut.Desiccated Coconut Powder is a fragmented market due to the presence of various players. The many changes within the industry underscore the fact that there is an increasingly more competitive landscape. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Regulatory Insights:
"In the manufacture of desiccated coconut and other coconut convenience foods, the plant workers must receive extensive training in quality control aspects at every stage of processing in order to control microbial contamination. The occurrence of this problem in the desiccated coconut can be minimized by ensuring that only good coconuts are preserved and (b) efficient blanching of the kernel to reduce any microbial contamination. Bad odor and a "greasy feel" to the desiccated coconut are usually attributable to insufficient care being observed during transit and storage of desiccated coconut bags."
Influencing Trend:
Increasing Consumption of Gluten-Free and GMO-free Desiccated Coconut Powder
Market Growth Drivers:
Increasing Demand for the Coconut Products and its Extracts and Demand for Healthy Food Ingredients
Challenges:
Stringent Regulatory Guidelines on the Desiccated Coconut Powder
Restraints:
Allergy-Related Issues with the Desiccated Coconut Powder
Opportunities:
Growing Health Conscious People will boost the Desiccated Coconut Powder Market and Rising Online Availability of the Desiccated Coconut Powder Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Desiccated Coconut Powder Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Desiccated Coconut Powder Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Desiccated Coconut Powder players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Desiccated Coconut Powder Study Sheds Light on
The Desiccated Coconut Powder Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Desiccated Coconut Powder industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Desiccated Coconut Powder industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.