Coconut Wraps Market Is Driven By Rising Demand For Plant-Based And Gluten-Free Snacks
The global coconut wraps market has witnessed substantial growth in recent years owing to the increasing demand for plant-based and gluten-free snacks. Coconut wraps are made from fresh coconut grated along with spices, salt, and herbs and dehydrated into thin, pliable sheets that can be used as a healthy alternative to wheat tortillas, lavash, or flatbread. They have a subtle coconut flavor and are an excellent source of fiber, vitamins, and minerals. Unlike wheat-based wraps, coconut wraps are naturally gluten-free and help manage weight as coconut is rich in medium-chain triglycerides that boost metabolism. Further, their production involves minimal processing and does not require preservatives. The Global Coconut Wraps Market Growth is estimated to be valued at US$ 1.91 Mn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the coconut wraps market are Huawei Technologies Co., Ltd.,ZTE Corporation,Nokia Corporation,ADTRAN, Inc.,Calix, Inc.,Cisco Systems, Inc.,Ericsson AB,FiberHome Technologies Group,Fujitsu Ltd.,NEC Corporation,Sumitomo Electric Industries, Ltd.,Dasan Zhone Solutions, Inc.,Iskratel d.o.o.,Mitsubishi Electric Corporation,Tellabs, Inc. The growing demand for plant-based snacks presents significant opportunities for market participants. Increasing health consciousness and demand for organic and natural food products among consumers are major factors boosting the overall market growth. Further, North America and Asia Pacific are expected to witness robust growth on account of rising western influences, growing veganism trends, and expansion of retail chains.
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