The growth of the Desiccated Coconut Powder market can be largely attributed to the escalating investments in research and development activities worldwide. Notable players in the market include Cocomi from Sri Lanka, V.V. Industries from India, Fiesta Ingredients Australia Pty Ltd from Australia, V Foods Corp. from the United States, Sabari Agro Products from India, International Coconut Corporation from the United States, Royce Food Corporation from the Philippines, Alavi & Sons from India, and Nutretiaa Industries from India.
Desiccated coconut powder, derived from the dried and ground meat of coconuts with the moisture removed, finds extensive application in beverages, bakery products, snacks, and various other food items. Known for its snow-white appearance, nutty flavor, and natural sweetness, coconut products are favored for their health benefits and are thus incorporated into a diverse range of food applications.
In February 2023, Metro Pacific Agro Ventures Inc. made headlines by acquiring a 34.76 percent stake in Axelum Resources Corporation, a prominent manufacturer and exporter of coconut products such as desiccated coconut, coconut milk or cream, and coconut cooking oil.
The market segments highlighted in the report include type (pure, mixed), application (beverages, savory & snacks, bakery & confectionery, dairy & frozen products, others), distribution channel (supermarket/hypermarket, convenience store, online store, others), industry verticals (confectionery industry, bakery products, frozen food industry, food processing industry, food service industry, consumer products industry), and end-user (households, restaurants, cafes, bakeries, others).
Key market trends include the increasing consumption of gluten-free and GMO-free desiccated coconut powder, coupled with opportunities arising from the growing health consciousness among consumers and the rising availability of the product through online channels. Market drivers include the surging demand for coconut products and their extracts, driven by consumers' preference for healthy food ingredients.
Geographically, the report covers regions such as North America, Europe, Asia Pacific, Oceania, South America, the Middle East, and Africa. Country-level analysis is provided for several countries, including the United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, the United Kingdom, the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, the United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, New Zealand, and more.
The report also offers strategic insights, including a comprehensive table of contents covering aspects such as market dynamics, factor analysis, competitive landscape, company profiles, market segmentation, and regional analysis.
In conclusion, the Desiccated Coconut Powder market report serves as a valuable resource for individuals and companies seeking to understand the market dynamics and capitalize on emerging opportunities. For more detailed insights, readers can explore individual chapters or region-specific versions of the report.
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