Global Coconut Milk Powder Market Overview:
Coconut milk powder is a fine, white powder which is widely used in Southeast Asian and other cuisines. It is manufactured by the spray drying procedure of raw unsweetened coconut cream & is reconstructed with water for usage in recipes. Numerous commercially available coconut milk powders contain milk or casein as their main ingredients. The important driver is a growing lactose intolerant population that creates demand for coconut milk powder. Coconut milk powder is mainly used as a substitute for milk powder that contains lactose. Also when coconut milk is not obtainable coconut milk powder is used as substitute. It has a wide range of applications & is great for soups, curries, sauces, seafood & vegetable dishes as well as cakes, desserts, biscuits, and beverages.
- Growing Lactose Intolerant Population Increasing Demand for Coconut Milk
- High Use of Coconut Milk in Food and Beverage Industry
- Growing Popularity of Asian Cuisine
- Growing Consumption of Vegan Desserts and Ice Creams
- Growing Health Risks Associated With Excess Consumption of Coconut Milk Powder
- High Availability of Coconut
- Rising Tourist Population Visiting Countries in Asia
Some of the key players profiled in the report are Sambu Group (Singapore), Cocomi Bio Organic (Shri Lanka), Renuka Foods PLC (Shri Lanka), Nestlé S.A. (Switzerland), Fresh Fruit Ingredients Inc. (Philippines), HolistaTranzworld Limited (India), Baghban Foods (India), AYAM SARL. (France), Enature Organic Products (Mexico) and S & P Industries Sdn Bhd (Malaysia). Additionally, following companies can also be profiled that are part of our coverage like Shriram Coconut Products Ltd (India), Adivasi Food Products Pvt. Ltd. (India) and Thai-Choice (Thailand). Analyst at AMA Research see Shri lanka, Thailand, Indian, and France Vendors to retain maximum share of Global Coconut Milk Powder market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Coconut Milk Powder market. Considering Market by By Source, the sub-segment i.e. Organic will boost the Coconut Milk Powder market. Considering Market by End User, the sub-segment i.e. Food and Beverage Industry will boost the Coconut Milk Powder market.
According to Food and Agricultural Organization (FAO) of United Nations, coconut is one of the most important crops in the Philippines, and with the country being the second largest coconut producer in the world. The global coconut production is likely to grow over the coming years. With the increasing awareness and growing lactose intolerant population, the demand for coconut milk powder is likely to increase over the years.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coconut Milk Powder market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coconut Milk Powder market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Coconut Milk Powder Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, Food Industry, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.