Coconut Milk Powder Market

Global Coconut Milk Powder Market Size (2024 to 2032)

Coconut Milk Powder Market value was valued at USD 0.96 billion in 2024 to USD 1.45 billion by 2032 with reasonable growth to record a CAGR of 5.25% throughout the estimated period 2024 to 2032.

MARKET OVERVIEW

Coconut Milk Powder is cold dust utilized in foods arranged in Southeast Asian countries. Throughout the spring ventilation process, coconut milk powder is delivered from crude, unsweetened coconut cream and is re-framed by water for use in coconut milk. Different types of coconut milk powders include whey or casein into their parts. Coconut is exceptionally nutritious and contains the minerals of iron and sodium, calcium and magnesium, selenium and phosphorus, just as strands, nutrients B1, B3, B6, C, and E. Also, coconut-inferred items give a few healthy focal points, for example, improving cardiovascular well-being, regularizing stomach-related issues, and helping stomach-related problems. 

MARKET DRIVERS

Coconut milk is exceptionally nutritious and offers strands, nutrients E, C, B1, B3, B5, and B6, and minerals, for example, iron, sodium, calcium, magnesium, selenium, and phosphorus.

Besides, coconut items offer various medical advantages, for example, improvement in cardiovascular well-being, a decrease in stomach-related issues, and help in weight reduction. Coconut water provides cardio-defensive impact, supports kidney well-being, helps with diabetes, offers rehydrating impact post-exercise, and helps keep up circulatory strain levels. Expanding well-being mindfulness combined with the benefits of coconut items is driving the development of the global coconut milk powder market. In any case, fluctuating costs of coconut and its items are impeding the development of the market. The expenses of coconut milk powder significantly rely upon the wellspring of the coconut and transportation charges. Harm to plantations because of catastrophic events also impacts coconut oil costs. As indicated by the World Bank, overall coconut costs in 2013 were US$ 939.47 per MT, which expanded to US$ 1103.51 per MT and US$ 1000.72 per MT in 2015 and 2018, separately. This is credited to the fluctuating cost of coconut, which relies upon its interest and supplies just as the investment and quantity of other vegetable oils, including palm oil and soy oil. 

MARKET RESTRAINTS

The advantages of natural coconut milk powder are, in this manner, expected to help natural market development during the estimated time frame. The prominence and flexibility of the coconut season in food and beverages will keep on request; however, its future as an ingredient will rely upon supply and cost. This will probably support the worldwide coconut milk powder market in the coming years. In addition, coconut milk powder utilization gives a few medical advantages that are relied upon to animate market development during the foreseen period. Using coconut milk powder adds to the improvement of the insusceptible framework and assists with keeping away from a few illnesses. The vast sums of coconut milk of lauric corrosive can be effortlessly ingested and vitality free by the body. It likewise assists with diminishing the degree of cholesterol, increment pulse, and forestalls strokes and respiratory failures. Expanded shopper attention to these favourable circumstances prompts coconut milk powder inclination over other milk options that support the development of the worldwide coconut milk powder market. Coconut milk is a crucial piece of Asian food, and in the estimated time frame, the interest in coconut milk powder in the zone is likely to keep high. The high level of lactose intolerance among shoppers is the key development factor for the coconut milk powder market in Asia-Pacific. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Coconut Milk Powder Market By Product

• Original Flavour
• Other

Global Coconut Milk Powder Market By Application

• Food
• Drinks

Global Coconut Milk Powder Market By Form

• Liquid       
• Powder     

Global Coconut Milk Powder Market By Nature 

• Organic    
• Conventional         

Global Coconut Milk Powder Market By End User               

• Household              
• Food Services         

REGIONAL ANALYSIS

The market in the Asia Pacific is predicted to command the worldwide market as far as income over the estimated time frame, inferable from expanding interest in coconut milk powder, particularly from South Asian nations right now.

Moreover, the growing lactose-intolerant populace across different countries is another factor expected to support the development of coconut milk powder over the conjecture time frame. On the other hand, the market in North America followed by Europe is foreseen to enlist massive growth over the outlook period, due to the expanding interest for coconut milk powder as an option in the food and drink industry across different nations right now. 

Southeast Asia is the most significant area of the Coconut Milk Powder market in the world in the previous not many years, and it will continue expanding in the following hardly any years.

The Southeast Asia showcase took up about 31.3% of the worldwide market in 2018, while Europe and North America were approximately 14.5%, 10.7%. Indonesia, Philippines, Thailand, Vietnam, and so on are presently the principal designers of the Coconut Milk Powder business.

KEY PLAYERS IN THE GLOBAL COCONUT MILK POWDER MARKET

Key Players in the Coconut Milk Powder Market are Cocos, Ayam, Coconut Company Ltd, Natural Sourcing, Nestlé Lanka PLC, Xian Le Sen Bio-Technology, Ahrensburg, S&P INDUSTRIES, Fiesta, Renuka, QBB, Cocomi, Caribbean, MAGGI, Enature Organic Products, NANGUO, Xi’An Ron sheng Biotechnology, Kara.

RECENT HAPPENINGS IN THE MARKET

• The easily recognized name of Chobani, with its well-known Greek yogurt, wants to accomplish another plant-based item that would make equivalent progress—notwithstanding the absence of two natural properties. The new casing item will be accessible broadly by mid-February and will hit a few shops this month. Chobani tries to develop the plant yogurt market. The presentation of such creative items is relied upon to look suitable for the global coconut milk powder market in the coming years.
• Danone in July 2016 gained WhiteWave Foods Co., the U.S. Food and drink bundling organization that additionally delivers USD 10 billion in natural food. The buy helped the organization to grow its profile food business further with non-milk drinks.

DETAILED SEGMENTATION OF GLOBAL COCONUT MILK POWDER MARKET INCLUDED IN THIS REPORT    

This research report on the Global Coconut Milk Powder Market has been segmented and sub-segmented based on product, application, form, nature, end user and region.           

By Product

• Original Flavour
• Other

By Application

• Food
• Drinks

By Form

• Liquid       
• Powder     

By Nature         

• Organic    
• Conventional         

By End User             

• Household              
• Food Services         

By Region

• North America Europe
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa