Global Coconut Milk Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Coconut Milk Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Coconut milk powder is a fine white powder used in Southeast Asian and other cuisines. Coconut flour is a powder made from fresh coconut meat extracted from fresh coconut meat and then spray-dried. Coconut flour is rich in many kinds of fatty acids, 18 kinds of amino acids, calcium, zinc, manganese, iron, vitamin C and other nutrients needed by the human body.

Market Overview:

The latest research study on the global Coconut Milk Powder market finds that the global Coconut Milk Powder market reached a value of USD 731.32 million in 2022. It’s expected that the market will achieve USD 1046.91 million by 2028, exhibiting a CAGR of 6.16% during the forecast period.

In various food and beverage applications, the use of coconut milk powder is increasing

The current market trend continues to expand the use of coconut milk powder in various food and beverage applications. Coconut milk powder and milk powder are different types of nutritious drinking products. Milk powder is a refined drink from raw animal milk, while coconut milk powder is a plant-derived health and nutritious drink. Coconut milk powder is rich in plant protein and 17 kinds of amino acids, and contains a large amount of trace elements such as zinc, calcium and iron. It is the natural drink with the highest amino acid content in the world so far. Milk powder is an essential drink for the healthy growth of infants and young children. It is still impossible for consumers to completely regard coconut powder as a substitute for milk powder. However, as a nutritional series beverage, coconut powder has its unique value and advantages, so the use of coconut milk powder is increasing.

In various food and beverage applications, the use of coconut milk powder is increasing

The current market trend continues to expand the use of coconut milk powder in various food and beverage applications. Coconut milk powder and milk powder are different types of nutritious drinking products. Milk powder is a refined drink from raw animal milk, while coconut milk powder is a plant-derived health and nutritious drink. Coconut milk powder is rich in plant protein and 17 kinds of amino acids, and contains a large amount of trace elements such as zinc, calcium and iron. It is the natural drink with the highest amino acid content in the world so far. Milk powder is an essential drink for the healthy growth of infants and young children. It is still impossible for consumers to completely regard coconut powder as a substitute for milk powder. However, as a nutritional series beverage, coconut powder has its unique value and advantages, so the use of coconut milk powder is increasing.

Health benefits of coconut milk powder

Modern medical research shows that coconut meat contains protein and carbohydrates. Coconut oil contains sugar, vitamin B1, vitamin B2, and vitamin C. Coconut milk powder is rich in many kinds of fatty acids, 18 kinds of amino acids, calcium, zinc, manganese, iron, vitamin C and other nutrients needed by the human body. Studies have found that regular consumption of coconut powder can also balance the body's nutritional needs, increase the body's nutritional intake, and enhance the body's immunity. Consumers’ increased awareness of these health benefits has resulted in coconut milk powder being more popular than other milk powders, thus promoting the growth of the global coconut milk powder market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (38.85% in 2021).

Company Overview:

Nestle is one of the major players operating in the Coconut Milk Powder market, holding a share of 10.79% in 2020.

Nestle

Nestle is a multinational packaged food company, that manufactures and markets a wide range of food products. The Company's product line includes milk, chocolate, confectionery, bottled water, coffee, creamer, food seasoning and pet foods.

Axelum Resources Corp

Axelum Resources Corp. is a fully-integrated manufacturer and exporter of premium coconut and products for leading domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service enterprises, and nutritionals and personal care brands. The Company offers an extensive line of products, including desiccated coconut, coconut water, sweetened coconut, coconut milk powder, coconut milk/cream, coconut oil, and reduced fat coconut.

Segmentation Overview:

Among different product types, Mixed Coconut Milk Powder segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Beverages segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Coconut Milk Powder market covered in Chapter 3:

Nestle
Renuka
Cocomi
Holista Pvt. Ltd
S＆P Industries Sdn Bhd
Grace Foods Canada Inc.
Shriram Coconut Products Limited
Ayam
Axelum Resources Corp

In Chapter 4 and Chapter 14.2, on the basis of types, the Coconut Milk Powder market from 2018 to 2029 is primarily split into:

Pure Coconut Milk Powder
Mixed Coconut Milk Powder

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Coconut Milk Powder market from 2018 to 2029 covers:

Beverages
Savory & Snacks
Bakery & Confectionery
Frozen Products

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)