Press release
Copra Cake Market 2021 Latest Insights, Growth Rate, Future Trends, Status Analysis, Scope, Trend, Capacity and Forecast to 2030 | grow at a CAGR of 3.7 % and is anticipated to reach around USD 14.2 billion
Coconut oil is produced by extricating oil from dried coconut flesh which is known as copra. When the oil is excreted mechanically the residue is called copra cake and if this is then solvent extracted to increase the yield of oil, the product is known as copra meal. It can offer significant protein and energy in swine diets and may be used to minimize feed costs.The global copra cake market in 2020 was approximately USD 11.2 billion. The market is expected to grow at a CAGR of 3.7 % and is anticipated to reach around USD 14.2 billion by 2025. There is an escalating demand for animal sourced products across the world such as meat, eggs and milk as when compared to plant-based foods, such as cereals. The demand for these animal products needs substitute meals such as copra meal in order to fuel its production, thereby, enhancing the copra meal growth in animal feed market and fueling the market growth.
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Furthermore, as to satisfy the demand for the meat processing industry, livestock farmers require to produce superior-quality and hygienic meat, which is a big challenge. Hence, the copra meal is adopted in producing meat as less time which has created an opportunity for copra meal to spur the market. On the other hand, due to the high cost the consumers are adopting alternatives for the product which is restraining the market.
The market for copra cake is intensely competitive and is highly fragmented. The vendors in the copra cake market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Companu analysed in the copra cake market are DuPont, Ishihara Sangyo Kaisha, Chr Hansen, Valent Biosciences, American Vanguard, Makhteshim Agan, Bayer CropScience, Isagro, Chemtura, Arysta LifeScience, BioWorks, Syngenta, Nufarm, Marrone Bio Innovations, Sumitomo Chemical, Cheminova, Monsanto, Natural Industries, Novozymes, FMC, Dow AgroSciences, BASF and Others.
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Based On The Application, The Global Copra Cake Market Segmented Into
Cereals & Oilseeds
Fruits & Vegetables
Others
Based On The Type, The Global Copra Cake Market Segmented Into
Herbicide
Fungicide
Insecticide
Nematicide
Molluscicide
Others
Based On The Region, The Global Copra Cake Market Segmented Into
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include DuPontIshihara Sangyo Kaisha, Chr Hansen, Valent Biosciences, American Vanguard, Makhteshim Agan, Bayer CropScience, Isagr Chemtura, Arysta LifeScience, BioWorks, Syngenta, Nufarm, Marrone Bio Innovations, Sumitomo Chemical, Cheminova, Monsanto, Natural Industries, Novozymes, FMC, Dow AgroSciences, BASF
Report Highlights
Global Copra Cake Market sizes from 2017 to 2024
Market growth projections through 2024 and the resultant market forecast for 2024
Impact of the market dynamics including market drivers, restraints and opportunities in the market size
Key industry trends, product trends, and application trends
Major driving/ leading segmentations, regions and countries in the Global Copra Cake Market
Competitive analysis with comprehensive company profiles of the leading industry players
In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
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