Industry Background:
Nata de coco is a jelly-like natural dietary fiber food product produced by the fermentation of coconut water. It can be used as salad dressings, ice cream, and desserts. It is originated in the Philippines. The Nata de coco market has high growth prospects owing to increasing popularity among millennials, high nutritional value and high market potential in South East Asian countries. Moreover, rising applications in cosmetic preparation expected to fuel the product demand during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nata De Coco Manufacturer Sdn. Bhd. (Malaysia), Happy Alliance (M) Sdn. Bhd. (Malaysia), Hainan Yeguo Foods (China) and Siva Foods (India) |
According to AMA, the market for Nata De Coco is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by High Nutritional Value of Nata De Coco and Nata De Coco is Enriched with Fibers.
Globally, a noticeable market trend is evident Growing Popularity among Millennials Major Vendors, such as Nata De Coco Manufacturer Sdn. Bhd. (Malaysia), Happy Alliance (M) Sdn. Bhd. (Malaysia), Hainan Yeguo Foods (China) and Siva Foods (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 April 2021,Cass Materials, a Perth-based company, has recently developed a new edible scaffold that cellular agriculture food scientists might use to produce cultured proteins. The company's nata de coco-based biodegradable scaffolding, which is an excellent replacement for the gelatin-based fibers that many producers of lab-grown meat still employ, may provide animal cells with a matrix to develop around.
In May 2021,NutiFood, one of Vietnam’s leading producers of nutritional food and beverages, has become the 1st company in Vietnam to introduce Tonic Food Drink (TFD) with nata de coco bits in carton packaging, made possible using SIG drinksplus technology.
Influencing Trend:
Growing Popularity among Millennials
Market Growth Drivers:
High Nutritional Value of Nata De Coco and Nata De Coco is Enriched with Fibers
Challenges:
Increase in use nata de coco in cosmetics
Restraints:
Stringent Government Regulations Regarding Food Products
Opportunities:
Growing Applications of Nata De Coco in Cosmetic Products and High Market Potential in South East Asian Countries
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Nata De Coco Market
- Analysis about New Entrants in Nata De Coco Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Nata De Coco Study Sheds Light on
The Nata De Coco Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Nata De Coco industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nata De Coco 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.