Coconut milk powder is a nutritious dairy alternative extracted from the white flesh of coconut. Coconut milk powder gains wide popularity among health-conscious consumers due its numerous health benefits like supporting weight management, heart health and digestion.
The global Coconut Milk Powder Market is estimated to be valued at CAGR of 5.4% in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: With rising prevalence of health issues like obesity, diabetes and heart diseases, consumers are increasingly becoming health-conscious and adopting healthy dietary habits in their daily lifestyle. Coconut milk powder offers similar texture and taste of dairy milk but has lower fat and calories content making it an ideal substitute for consumers focusing on health and fitness. This rapidly growing trend towards health and wellness among consumers globally is expected to drive the demand for coconut milk powder over the forecast period as a healthy dairy alternative option. Furthermore, increasing vegan population also contribute to the growth of coconut milk powder market.
Segment Analysis
The global coconut milk powder market is dominated by the organic segment. The demand for organic coconut milk powder is higher owing to rising health consciousness among individuals and growing preference for chemical-free products. Organic coconut milk powder offers various health benefits and contains no preservatives, hence attracting more consumers.
Key Takeaways
The global coconut milk powder market is expected to witness high growth. The global Coconut Milk Powder Market is estimated to be valued at CAGR of 5.4% in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030.
Asia Pacific region currently dominates the market and is expected to maintain its leading position during the forecast period. High consumption of coconut products along with growing vegan population drive the market growth. Countries like India, Thailand, and Indonesia are the major producers of coconut globally. Ease of availability and traditional use of coconut milk in the daily diet fuel the demand. Furthermore, India and Indonesia have a huge vegan population that prefers plant-based dairy alternatives to animal-based dairy products. This favors market growth in these countries.
Key players operating in the coconut milk powder market are Kibion AB (Mayoly Spindler), Avanos Medical, Inc.,Quest Diagnostics, Dentsply Sirona, FUJIFILM Holdings Corporation, Siemens Healthineers, SonoScape Medical Corp, CANON MEDICAL SYSTEMS CORPORATION, Promed Technology Co., Ltd, Anthropic PBC. Kibion is one of the leading brands in organic coconut milk powder with presence across various countries globally.
Explore more related article on this topic: https://www.newsanalyticspro.com/plant-based-diets-is-driving-the-coconut-milk-powder-market/
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