IMARC Group has recently released a new research study titled “Coconut Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global coconut milk powder market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market is expected to exhibit a growth rate (CAGR) of 10.01% during 2023-2028.

Industry Definition and Application:

Coconut milk powder is a versatile ingredient that is made from dehydrated coconut milk. It is a white, powdery substance that can be reconstituted with water to make coconut milk. It is easy to store and convenient to use. It also has a long shelf life, which makes it an ideal ingredient for those who want to stock up on non-perishable ingredients. At present, coconut milk powder finds extensive applications in a wide variety of industries, such as food and beverage (F&B), cosmetics, and beauty and personal care.

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What are the growth prospects and trends in the industry?

The increasing demand for plant-based products represents one of the key factors driving the market growth. In line with this, the rising preference for vegan products and the increasing number of vegetarian individuals is contributing to the market growth.

The rising demand for organic and natural product variants is acting as a major growth-inducing factor. The market is also driven by the increasing awareness regarding the benefits associated with the consumption of coconut milk, which is consequently facilitating its incorporation in daily diets.

Other factors, such as the rising consumer expenditure on healthy food products, increasing health consciousness among individuals, and the easy product availability through various distribution channels, are creating a positive outlook for the market further across the globe.

Competitive Landscape With Key Players:

The competitive landscape of the 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.)
  • BareOrganics
  • Bramble Berry Inc.
  • Dr. Ben Kim Natural Health Solutions
  • Enerhealth Botanicals LLC
  • Grace Foods Canada Inc.
  • Healthworks
  • King Arthur Flour Company Inc.
  • KOS Naturals
  • Nestlé S.A.

Key Market Segmentation:

The report has segmented the global coconut milk powder market based on 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 Figures: https://www.imarcgroup.com/coconut-milk-powder-market

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • 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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