Coconut Milk Powder market Size Forecast To Reach USD 52.5 million in 2027 | The Coconut Company (UK) Ltd., Tirumala Food Industries

Coconut flesh is highly nutritious and offers fibers, vitamins E, C, B1,B3, B5, and B6, and minerals such as iron, sodium, calcium, magnesium, selenium, and phosphorous. Furthermore, coconut products offer multiple health benefits such as improvement in cardiovascular health, reduction of digestive problems, and also aid in weight loss. Coconut water offers cardio-protective effect, boosts kidney health, aids in diabetes management, offers rehydrating effect post exercise, and aids in maintaining blood pressure levels. Increasing health awareness coupled with advantages of coconut products is driving growth of the global coconut milk powder market.

Among source types, organic coconut milk powder segment is expected to witness significant market share during the forecast period. This is owing to increasing demand of organic coconut milk powder due to absence of chemicals used across the supply chain.

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Detailed Segmentation:

Global Coconut Milk Powder Market, By Source:
Conventional
Organic

Global Coconut Milk Powder Market, By Application:
Food
Snacks
Bakery & Confectionary
Dairy & Frozen Products
Beverages

However, fluctuating prices of coconut and its products is hindering growth of the market. The prices of coconut milk powder majorly dependent on source of the coconut and transportation charges. Damage to plantation due to natural disasters also impacts the prices of coconut oil. According to the World Bank, worldwide coconut prices in 2013 were US$ 939.47 per MT, which increased to US$ 1103.51 per MT and US$ 1000.72 per MT in 2015 and 2018, respectively. This is attributed to fluctuating price of coconut oil, which depends on its demand and supply as well as the demand and supply of other vegetable oils including palm oil and soy oil.

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Players operating in the global coconut milk powder market are adopting various growth strategies such as product development to cater to increasing demand for coconut milk powder and to enhance their market share. For instance, The Coconut Company is offering organic vegan coconut milk powder and vegan coconut milk powder to focus on increasing group of customers that prefer vegan and organic products.

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