The desiccated coconut market has secured a decent consumer base to generate a revenue of around USD 8,016.7 million in 2024. The overall market is set to progress at a moderate CAGR of 6.1% during the forecast period. The desiccated coconut industry share is expanding promisingly to garner a revenue of around USD 14,452.4 million by 2034.
Trends & Analysis
| Report Attribute | Details |
|---|---|
| Market Size (2024) | USD 8,016.7 million |
| Market Forecast Value (2034) | USD 14,452.4 million |
| Market Projected Growth Rate (2024 to 2034) | 6.1% CAGR |
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The desiccated coconut industry was valued at USD 8,005.4 million in 2019. The net worth of the desiccated coconut flakes market surged at a rate of 5.6% between 2019 and 2023.
Surge in adoption of a healthy lifestyle by consumers worldwide to maintain their overall health and boost metabolism drove the dehydrated coconut market during the pandemic years. Moreover, a general shift toward natural and organic food items during this historical period helped in positioning the desiccated organic coconut market firmly.
| Attributes | Details |
|---|---|
| Desiccated Coconut Industry Value (2019) | USD 8,005.4 million |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 5.6% CAGR |
Coconut has a wide applicability in confectionary items, baked goods, and coffee. In addition, it is considered to be an integral part of functional beverages. So, the rising demand for desiccated coconuts on the back of their increased use in the preparation of food items such as roasted coconut chips and beverages that people can include in snacks is set to aid growth.
The expansion of the food service industry and the escalating adoption of advanced technologies for the manufacturing of novel food ingredients have fueled the market trends recently. Coconut in dried form can be used in a large number of applications. For instance, a coconut in its raw grated form can be utilized in chocolate bars, cakes, and puddings.
The table below lists the countries that are observed to be creating enough opportunities for their in-house desiccated coconut producers to meet the peak demand.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 7.1% |
| Germany | 5.0% |
| United Kingdom | 4.9% |
| China | 4.1% |
| India | 5.6% |
The United States desiccated coconut market players are well positioned to follow a lucrative year-on-year growth rate of 7.1% from 2024 to 2034.
As desiccated coconut offers numerous beneficial properties such as low trans-fats or cholesterol content, its utilization is projected to surge in the food industry across the United States. The rising prevalence of cardiovascular diseases across the country is another vital factor that is expected to drive demand for dried desiccated coconut in the upcoming decade.
Sales of desiccated coconut in Germany are observed to develop at 5.0% each year which could continue till 2034.
Consumers in Western Europe mainly prefer products that are rich in vitamins and minerals as well as low in cholesterol. Moreover, higher consumption of coconut-based products such as coconut cream, and coconut chocolate in Europe is resulting in a higher supply of desiccated coconuts from Germany to other regional markets.
The vegan movement is set to drive the desiccated coconut product market sales at 4.9% CAGR through 2034 in the United Kingdom.
The growing popularity of plant-based and vegan diets has expanded the coconut meat market sales in the United Kingdom in the last few years. Moreover, health-conscious customers in the country are looking more for organic alternatives as it is devoid of chemicals and preservatives. Also, consumers in the United Kingdom prefer online channels to buy frozen desiccated coconut, which has favored regional market expansion.
The desiccated coconut industry of China has been gaining traction in recent years and is about to advance at 4.1% CAGR from 2024 to 2034.
The increased spending capacity of the growing population and shifting consumer preference for healthy food alternatives positively impact the market in China. In addition, the low price, easy availability, and long shelf-life of desiccated coconut, along with its numerous health benefits, have attracted the attention of the Chinese government to develop it as a profitable small-scale industrial sector in the country.
India currently is the most lucrative market for desiccated coconut producers they are striving to achieve an average CAGR of 5.6% for the next ten years.
It is predominantly grown in Southeast Asian countries and extensively used in Indian, Burmese, and Indonesian cuisines. Besides, higher consumption of desiccated coconut in India's domestic market encourages desiccated coconut manufacturers to export larger quantities to neighboring countries.
Based on form type, the desiccated coconut in shredded form is poised to contribute 34.2% of the total demand in 2024.
| Attributes | Details |
|---|---|
| Top Form Type or Segment | Shred |
| Total Market Share in 2024 to 2034 | 34.2% |
Desiccated shredded coconut is gaining immense popularity across the globe owing to its wide range of applications in the food and beverage industry. It also provides numerous health benefits such as anemia prevention, antibacterial properties, healthy heart, and breathing regulation.
Based on application, 34% of the total desiccated coconut produced in 2024 could be consumed by the bakery sector.
| Attributes | Details |
|---|---|
| Top Application Type or Segment | Bakery |
| Total Market Share in 2024 | 34% |
Consumption of powdered coconut-based food items can improve cholesterol levels in the human body. These help in lowering bad cholesterol or LDL and increasing good cholesterol or HDL. Owing to the aforementioned benefits, demand for powdered desiccated coconut in bakeries is expected to surge in the next few years.
The overall market is highly concentrated in tropical regions and the producers located here are focusing on introducing new products to attract more consumers. Some of the other top companies in the market are engaging in collaborations with local players to conduct research and development activities and discover innovative products.
Recent Developments
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 8,016.7 million |
| Projected Market Size (2034) | USD 14,452.4 million |
| Anticipated Growth Rate (2024 to 2034) | 6.1% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Application, By gdgdg, By End Use Verticals, and By Region |
| Key Companies Profiled | Celebes Coconut Corporation; Ken Taste Products Limited; VV Industries; Coloma Bio Organic; Bake King; Goldman International Pvt. Ltd.; Super Coco Company; Holland & Barrett; Primex Coco Products Inc.; CBL Natural Foods; S & P industries SDN. BHD.; Pacific Eastern Coconut Utama; VIET DELTA Corporation; Silvermill Group; Cocomi; Caribean; Fiesta |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 8,016.7 million in 2024.
The market to rise at 6.1% during the forecast period.
The market is predicted to be valued at USD 14,452.4 million by 2034.
The market was valued at USD 8,005.4 million in 2019.
Shred segment accounts for nearly 34.2% revenue share of the market.
The United States is predicted to witness a CAGR of 7.1% in sales of desiccated coconuts through 2034.
Desiccated Coconut Market
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