The global coconut milk powder market was valued at US$ 25.3 million in 2018, according to Coconut Milk Powder Market Report, by Source (Conventional and Organic), by Application (Food (Snacks, Bakery & Confectionary, and Dairy & Frozen Products) and Beverages), by Distribution Channel (Online Stores, Hypermarket/Supermarket, Specialty Stores, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights.
The global coconut milk powder market is projected to reach US$ 30.8 Million by 2027, exhibiting a CAGR of 2.2% during the forecast period. Increasing preference for lactose-free products, vegan products, and natural ingredients in confectionary market is leading to high demand for coconut sugar, coconut milk, and coconut milk powder. Health benefits offered by coconut milk powder is also an important driver for the market growth. Coconut milk powder prevents anemia, regulates heart functioning and breathing, and offers anti-bacterial and anti-viral benefits.
However, fluctuating prices of coconut oil and coconut are expected to negatively impact growth of the market.
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Browse 25 market data tables* and 15 figures* on "Coconut Milk Powder Market” – Global forecast to 2026.
Key Trends and Analysis of the Coconut Milk Powder Market:
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