About Desiccated Coconut
Desiccated coconut is the crumbled and dehydrated nut from mature coconuts. It is manufactured from the fresh mature nuts. It is usually produced in seven grades. These are considered as fine and medium grades are largely exported. These are highly used in the sweets, cake, dressings, chocolates, and others. Its major revenue comes from the biscuit and confectionary industry, bakeries, and others.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing reasonable market players, by looking for a huge development in this market the market-leading players are strongly focusing on the production technologies, efficiency enhancement, and others. There is numerous market growth opportunity is emerging the market because of the rising healthcare industry, these captured by leading players through tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Indonesia Vendors will contribute the maximum growth to Global Desiccated Coconut market throughout the forecasted period. 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.
PT. Global Coconut (Indonesia), KKP Industry (India), S&P Industries Sdn Bhd (Malaysia), Adamjee Lukmanjee & Sons (Pvt) (Sri Lanka), Pacific Eastern Coconut Utama (Indonesia), Celebes Coconut Corporation (Philippines), Sakthi Coir Exports (India), Primex Group of Companies (Philippines), Greenville Agro Corporation (Philippines) and Royce Food Corporation (Philippines) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ariya Foods (Sri Lanka), CBL NATURAL FOODS (Sri Lanka) and Silvermill (Sri Lanka).
Segmentation Overview
AMA Research has segmented the market of Global Desiccated Coconut market by Type (Full Fat and Reduced-Fat), Application (Confectionery Industry, Bakery Products, Frozen Food Industry, Food Processing, Food Service Industry and Consumer Products Industry) and Region.
On the basis of geography, the market of Desiccated Coconut 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 Distribution Channels, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Desiccated Coconut market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Fine Grade will boost the Desiccated Coconut market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Development in Manufacturing Process
Market Growth Drivers:
Development in Bakery Industry Majorly for Biscuit, Confectionary and High Availability Through Online Platforms
Challenges:
Stringent Government Regulations
Restraints:
The Slowdown in Distribution Channels, Because of Coronavirus Pandemic and Fluctuation in Raw Material Prices
Opportunities:
Rising Health Benefits Regarding Desiccated Coconut with No Cholesterol and It is Highly Adopted for Digestion Issue
Market Leaders and their expansionary development strategies
In February 2023, Metro Pacific Agro Ventures Inc. acquired 34.76 percent ownership in Axelum Resources Corporation (ARC) 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 August 2023, Health and Wellness through Coconut Products. Desiccated coconut is hundred percent can be an accent in baking cakes. It can be sprinkles to cupcakes, donuts and other bakery. Desiccated coconut can on ice cream flavoring and toppings, even in popsicles.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Desiccated Coconut Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations 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.