COCONUT MILK POWDER MARKET ANALYSIS

Coconut Milk Powder Market, By Source (Conventional and Organic), By Application (Food (Snacks, Bakery & Confectionary, and Dairy & Frozen Products) and Beverages), By Distribution Channel (Online Stores, Hypermarket/Supermarket, Specialty Stores, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI2544
Pages :130
Formats :
Excel and PDF
Industry : Food Ingredients

Coconut Milk Powder MarketSize and Trends

Global coconut milk powder market was valued at US$ 32.40 Mn in 2021 in terms of revenue, exhibiting a CAGR of 8.92 % during the forecast period (2022 to 2030).

Market Trends

Companies are increasingly implementing blockchain and other Internet of Things (IoT) technologies to effectively manage the procurement, processing, and distribution of coconut milk powder products
Organic, Vegan, bio-based, Canned/Ready-to-Eat (RTE), clean label, and sustainable are identified as the top-selling proportions owing to increasing health, ingredient, and environmental consciousness, amid prevailing health emergency
Mergers and acquisitions to acquire new technologies, strengthen portfolios, and leverage capabilities to remain key strategies of top companies in the coconut milk powder industry over the forcasting period.
Growing prevalence of lactose intolerance in North America & Europe is the trends in the global coconut milk powder market.