Global Coconut Milk Powder Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Coconut Milk Powder Market 2021 (Includes Business Impact of COVID-19)

Global Coconut Milk Powder Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global coconut milk powder market report has been segmented on the basis of source, application, and region.

The global Coconut Milk Powder market size was valued at USD$314.22 million in 2020 and is projected to reach USD $539.84 million by 2030, and is anticipated to expand at a CAGR of 9.10% over the forecast period from 2020 to 2030.

Global Coconut Milk Powder Market: Overview

Coconut milk powder is a fine, white powder especially utilized in the Southeast Asian countries. Coconut milk powder is produced through spray drying process of raw unsweetened coconut cream and is reconstituted with water for use in recipes that call for coconut milk.

Currently spray-dried coconut milk powder is available in convenient and ready to use packs along with same freshness of fresh coconut milk. It has longer shelf life and is convenient to use.

Global Coconut Milk Powder Market: Dynamics

Increasing population of lactose intolerant which increases demand for coconut milk powder as it is used as a substitute for milk powder coupled with lactose contains is a key factor expected to drive growth of the global market over the forecast period.

In addition, rising demand for coconut milk powder in drink manufacturing is another factor expected to further fuel growth of the target market over the forecast period.

Moreover, increasing development of new products by various manufacturers in order to satisfy consumers need is another factor expected to boost growth of the target market over the forecast period.

However, fluctuating prices of coconuts and its related products is a key factor expected to restrain growth of the global market over the forecast period.

Ongoing trend observed in the target market is increasing use of coconut milk powder as an alternative for traditional milk powder across various food and beverages application.

Development of organic vegan coconut milk powder and vegan coconut milk powder by manufacturers are expected to create potential revenue opportunities for key players operating in the target market over the forecast period.

Global Coconut Milk Powder Market: Segment Analysis

Among the source segments, the organic segment is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for organic food products due to its various advantages such as weight loss, improves digestion, etc.

Among the application segments, the beverages segment is expected to register significant growth in terms of revenue over the forecast period.
Global Coconut Milk Powder Market: Regional Analysis

The market in Asia Pacific is expected to dominate in the global market in terms of revenue over the forecast period, owing to increasing demand for coconut milk powder especially from South Asian countries in this region. In addition, increasing lactose intolerant population across various countries in this region is another factor expected to boost growth of coconut milk powder over the forecast period. The market in North America followed by Europe is expected to register significant growth over the forecast period, owing to increasing demand for coconut milk powder as an alternative in food and beverage industry across various countries in this region.

Below are the active patents related to Coconut Milk Powder Market.

Patent Number: CN105166759A

Coconut powder containing high dietary fiber and application of coconut powder

Abstract

The invention provides coconut powder containing high dietary fiber. The coconut powder is rich in dietary fiber such as cellulose, hemicellulose and the like, dietary fiber cannot be absorbed and utilized by a human body, but can promote gastrointestinal tract movement and accelerate passing of food through a gastrointestinal tract, further can absorb water to soften excrement and has a prevention and cure function on constipation. Meanwhile, the coconut powder has multiple health-care functions and can adjust and control the concentration of sugar in blood, reduce blood fat, reduce absorption of cholesterol in an intestinal tract, reduce the level of serum cholesterol, prevent cardiovascular and cerebrovascular diseases, reduce the prevalence rate of non-insulin dependent diabetes mellitus and colon cancer, prevent gallstone forming and promote growth of probiotics in the intestinal tract.
Application File Date: 2015-09-30

Application Granted Date: 2019-09-20

Current Assignee: Guangzhou golden Special Medical Food Co., Ltd.

Patent Number: CN104542985B

A kind of high stability coconut cow milk beverage and preparation method thereof

Abstract
The invention discloses a kind of high stability coconut cow milk beverage and preparation method thereof. The raw material of described preparation method includes 4.2% 7.1% dairy milk starting materials, 1.0% 6.5% coconut palm slurry raw materials, 0.05% 0.15% glycerin monostearates, 0.03% 0.06% sucrose fatty esters, 0.05% 0.15% casein sodiums, 0.015% 0.25% stabilizers, 0.01% 0.04% edible buffer salts, 2% 8% sweeteners and mended to 100% water; Described preparation method includes:(1)by feed proportioning; (2) stirring, second of homogeneous (3) sterilization, cooling after first time homogeneous, refrigeration are stood. Products taste of the present invention is salubrious, and stability is high. The preparation method of product of the present invention effectively reduces the high-temperature coking phenomenon in preparation technology.

Application File Date: 2015-02-04

Application Granted Date: 2017-10-24

Current Assignee: Shanghai Bright Dairy and Food Co Ltd

Global Coconut Milk Powder Market Segmentation:

Segmentation by source:

  
Conventional
  
Organic

Segmentation by application:

  
Beverages
  
Savory & Snacks
  
Bakery & Confectionery
  
Dairy & Frozen Products
  
Others

Segmentation by Distribution Channel

  


  
Online
  
Offline




Key Market Players included in the report:


  
AYAM SARL
  
Adivasi Food Products Pvt. Ltd
  
Anthonys Goods
  
BareOrganics
  
Bramble Berry Inc.
  
Caribbean
  
Cocomi Bio Organic
  
Cocos
  
Dr. Ben Kim Natural Health Solutions
  
Ekowarehouse Ltd
  
Enerhealth
  
Fiesta Ingredients Australia Pty Ltd
  
Grace Foods Canada Inc.
  
HEALTHWORKS
  
King Arthur Flour CompanyInc.
  
KOS
  
Maggi
  
Natural Sourcing LLC
  
NestlE S.A
  
Pulau Sambu Singapore Pte Ltd
  
Renuka Food
  
Sambu Group
  
Saptagiri
  
Specialty Food AssociationInc
  
Thai-Choice
  
THE COCONUT COMPANY
  
THE WHITEWAVE FOODS COMPANY

Below are the key development related to Coconut Milk Powder Market in 2020 and 2021.

July 2021: Slideshow: New menu items from Quiznos, Voodoo Doughnut, Shake Shack. Source

January 2021: QuikTea® Announces the Launch of Its Vegan Chai Tea Latte Perfect for Healthy Living on the Go. QuikTea® Announces the Launch of Its Vegan Chai Tea Latte. Perfect for Healthy Living on the Go. QuikTea worked on its formulation from scratch. After the consideration of several plant-based ingredients to replace dairy, they worked with their manufacturing partners to successfully isolate and eliminate the oils from coconut milk powder that gives coconut its signature aroma. The result is all the creamy goodness of coconut milk powder without any residual coconut flavor or aftertaste. Source

December 2020: It said the increase in production output is in anticipation of the rapid grow of the coconut milk powder segment. Source