Coconut Milk Powder : Global Market Intelligence ( 2023-2030 )

REPORT OBJECTIVES

The report " Coconut Milk Powder: Global Market Intelligence ( 2023-2030 )" provides market intelligence on the different market segments, based on Product Distribution Channel Region, Company etc. Market size and forecast (2020-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The Coconut Milk Powder market was valued at $54.0 Million in 2020, and is projected to reach $111.4 Million by 2030 growing at a CAGR of 8.41% from 2021 to 2030.

Conventional segment is expected to be the highest contributor to this market, with $40.2 Million in 2020, and is anticipated to reach $82.6 Million by 2030, registering a CAGR of 8.39%.

Organic segment is anticipated to reach $28.8 Million by 2030 with the highest CAGR of 8.48%.

The global coconut milk powder market is being primarily driven by the increasing consumer demand for dairy-free and plant-based products, as coconut milk powder serves as a versatile and convenient alternative to traditional dairy milk.

Additionally, the growing awareness of the health benefits associated with coconut-based products, such as their low cholesterol and lactose-free properties, is further fueling market growth.

On the other hand, opportunities in this market are abundant, with a rising interest in ethnic and exotic cuisines, the expanding food and beverage industry, and the potential for coconut milk powder as an ingredient in various processed foods, including baked goods and desserts.

Furthermore, the ever-increasing popularity of vegan and vegetarian diets presents a significant opportunity for market expansion as consumers seek plant-based alternatives in their dietary choices.