Product ID: UCMIG30I2121
Coconut Milk Powder Market Size, Share, Growth Analysis, By Product(Organic, Conventional), By Application(B2B, B2C), By Distribution Channel(Online, Offline), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG30I2121 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Coconut Milk Powder Market Insights
Market Overview:
The global market size of coconut milk powder was valued at USD 52.5 million in 2019 and is projected to grow at a CAGR of 10.1% from 2020 to 2027. The increasing adoption of coconut milk powder as an economical alternative with longer shelf-stability compared to regular coconut milk is driving the market. Typically, opened canned or tetra pack of liquefied coconut milk has a shelf life of less than 10 days, whereas powder variants can last for over 30 days, making them a preferred option for many consumers.
Coconut Milk Powder Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Coconut Milk Powder Market Report Snapshots
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