Desiccated Coconut Powder Market

1. Desiccated Coconut Powder Market to see Rapid Growth by 2029 The global desiccated coconut powder market is anticipated to grow at a cagr of 7.5% during the forecast period. The major factor contributing to the growth of the global desiccated coconut powder market is the properties of desiccated coconut powder such as it is highly enriched with fiber and minerals and is gluten-free. Desiccated coconut is a traditional baking and confectionery ingredient in many European countries, and is used in a variety of sweet products. It is also used as an ingredient in Asian savory dishes. As per the Ministry of Foreign Affairs, Europe is the world’s largest importer of desiccated coconut, accounting for more than 30% of global imports in 2021, followed by the US which accounted for 10%, Singapore 8%, and the Russian Federation 4%. As per the same source, European imports of desiccated coconut reached 118 thousand tonnes in 2020, worth $211 million. To Request a Sample of our Report on Desiccated Coconut Powder Market https://www.omrglobal.com/request-sample/desiccated-coconut-powder-market Numerous strategic moves such as product launches, partnerships, collaborations, and geographical expansion were adopted by the key player Nutiva, CBL Natural Foods (Pvt) Ltd., Celebes Coconut Corp., and others to remain competitive in the global market will further aid in the market growth. For instance, in July 2020, iTi Tropicals, Inc. launched a 100% vegan coconut milk powder. The new clean label ingredient is free from food starches, stabilizers, emulsifiers, and other additives. It is suitable for use in applications ranging from cake and cupcake mixes, pancake mixes, waffle mixes, muffins, and more. Moreover, in March 2022, Nutiva and Coconut Secret unveiled innovative new culinary products at Natural Products Expo West. To expand its portfolio, Nutiva launched Nutiva Organic Coconut Spreads, and C8 MCT Oil, plant-based culinary oils and foods made with the highest quality ingredients. USDA Organic, non-GMO, vegan, and gluten-free, these soon-to-be coconut-based favorites cater to the growing number of consumers who are prioritizing both health and sustainability. A full Report of Desiccated Coconut Powder Market https://www.omrglobal.com/industry-reports/desiccated-coconut-powder-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered-      By Type By End-User By Distribution Channel Regions Covered- North America, Europe, Asia-Pacific, Rest of the World Competitive Landscape- Primex Coco Products Inc., Cocomi Bio Organic, and Kapar Coconut Industries, among others. Key questions addressed by the report           What is the market growth rate? Which segment/region dominates the market in the base year? Which segment/region will project the fastest growth in the market? How has COVID-19 impacted the market? Recovery Timeline Deviation from the pre-COVID forecast Most affected region/segment Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global Desiccated Coconut Powder Market Report by Segment By Type   Full Fat Low Fat By End User      Households Restaurants Cafes Bakeries Others By Distribution Channel     Supermarket/Hypermarket Convenience Store Online Store Others For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/desiccated-coconut-powder-market

2. About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404