Desiccated Coconut Market: Global Segments, Top Key Players, Size And Recent Trends By Forecast To 2034
The desiccated coconut market value in 2019 was US$ 8,005.4 million. As per Future Market Insights’ updated report, the market is set to exhibit 6.1% CAGR between 2024 and 2034, as compared to the CAGR of 5.6% showcased between 2019 and 2023. The desiccated coconut industry is considering improving its sales revenue from US$ 8,016.7 million in 2024 to US$ 14,452.4 million by 2034.
Desiccated coconut is emerging as
a sustainable ingredient choice as there is no moisture content, it has a prolonged
shelf-life and it can be used for cooking without rehydration. Desiccated
coconut has also become a popular component in snack bars and other bakery
items, appealing to customers looking for nutritional and fulfilling snack
alternatives.
Desiccated coconuts were
traditionally supplied from South Asian countries, accounting for 60% of
exports. However, the growing emphasis on precision and organic farming
techniques has increased the production of coconut in other parts of the world,
consequently expanding the market.
Information Source: https://www.futuremarketinsights.com/reports/desiccated-coconut-market
Key Takeaways from the
Desiccated Coconut Market Study Report
- The market is evaluated to have a growth
opportunity of US$ 5.5 billion over the next ten-year time period.
- The United States desiccated coconut market is on
the brink of advancing at 7.1% CAGR until 2034.
- Germany has a favorable opportunity to increase its
desiccated coconut sales at 5% per year till 2034 in Europe.
- India’s desiccated coconut suppliers are
experiencing an average CAGR of 5.6%, which can continue till 2034.
“The online buyers of
desiccated coconut products have opened up new growth opportunities for rising
industry participants through the indirect sales channel. The proliferation of
smartphones and the introduction of numerous eCommerce platforms are assisting
desiccated coconut providers in introducing their in-house products to online
shopping websites,” says Nandini Roy Choudhury, Client Partner
at Future Market Insights
Competitive Landscape for the
Desiccated Coconut Market Players
The overall market is moderately
competitive as this niche market is relatively new in comparison to other
coconut-derived product markets. Geographic expansions and marketing of the
product over offline as well as online platforms are currently the key
strategies used by players in the desiccated coconut industry.
Key Players Profiled in the
Report
- Celebes Coconut Corporation
- Ken Taste Products Limited
- VV Industries
- Coloma Bio Organic
- Bake King
- Goldman International Pvt. Ltd.
- Super Coco Company
- Holland & Barrett
Recent Developments by the
Desiccated Coconut Industry Participants
- In June 2023, Jivika Naturals Company, based in
India, introduced the Desiccated Coconut Powder made from coconuts
harvested in the country. The firm collects fresh coconuts at the optimal
time and dries them organically to provide its customers with the goodness
of coconut throughout the year. This full-fat desiccated coconut powder
product has all of the natural fats found in fresh coconuts and a unique
coconut-based taste and texture. Moreover, it has no additional
preservatives, anti-caking, or free-flowing agents to promote nature’s
nutritious advantages in coconut-based recipes that do not require freshly
grated coconut.
- In January 2021, Genuine Coconut, a ready-to-eat
coconut company, released three appealing new products for North American
consumers. These three products, namely Fresh Organic Coconut Chunks,
Fresh Organic Coconut Toppings, and Fresh Organic Grated Coconut, are made
from freshly peeled organic mature coconut kernel or meat. The three
things are packaged in a re-sealable pouch with a 60-day shelf life,
making them a popular new addition to supermarket stores. The products are
also certified organic, Kosher, Fair for Life (Fairtrade), non-GMO, and
free of preservatives and added sugars.
Key Segments Covered by
Desiccated Coconut Industry Survey Report
By Form Type:
- Powder
- Granular
- Flakes
- Chips
- Shreds
By Application:
- Bakery
- Confectionery
- Dairy Products
- Frozen Dessert
- Other Applications
By Distribution Channel:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
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