Desiccated coconut, grated and unsweetened, originates mainly from South-east Asian countries and is a widely traded commodity. With advancements in technology and e-commerce, its popularity has expanded globally, becoming a staple ingredient in many cuisines. According to Transparency Market Research, the global desiccated market is poised for substantial growth, offering numerous opportunities and increasing market value in the forecast period.
Several factors, trends, and drivers influence the global desiccated coconut market during the forecast period. Here are some key factors :
- Coconut enjoys widespread usage in bakery goods, coffee, and confectionery, particularly in South Asian cuisines like Indian, Burmese, and Indonesian. It’s also integral to functional beverages, reflecting millennials’ preference for health-infused flavors. With its numerous health benefits, coconut experiences a sharp rise in demand.
- The rise in disposable income and e-commerce expansion has extended the reach of desiccated coconut to previously untapped markets, driving global market growth. Technological advancements enhancing the ingredient’s shelf life further fuel demand, expected to continue growing throughout the forecast period and beyond.
- The modern consumer, mindful of dietary choices, drives high demand for coconut due to its rich vitamin and mineral content. Convenience-oriented, they prefer desiccated coconut for its ease of use in diverse dishes.
Desiccated coconut, with a maximum 3% moisture content, is the dried, grated, and unsweetened meat of mature coconut fruit. It’s a key ingredient in various food industries, including bakery, confectionery, and beverages. Primarily sourced from Southeast Asia, it’s traded globally. Due to its nutritional value—low in cholesterol and trans-fats, rich in dietary fiber, copper, manganese, and selenium—demand remains robust. As food industry demand grows, existing producers integrate desiccated coconut into their portfolios, driving market expansion. While the global market is fragmented, multinational players are expanding distribution networks to capture high-potential, unorganized markets.
Desiccated Coconut Market Regional Overview:
Desiccated coconut has traditionally been used in a lot Asian dishes as toppings and ingredients in curries, cooked cereal and baked food. Europe is the largest importer for desiccated coconut. In Western Europe, Belgium is the major consumer for desiccated coconut followed by Germany, Netherlands and U.K. In North American region U.S. accounts for most of desiccated coconut. European market for desiccated coconut is expected to show considerably high growth. In Asia-Pacific region India, Singapore are the major consumers for desiccated coconuts.
In terms of production Philippines, Indonesia, Sri Lanka and India are the major producers of desiccated coconut. Philippines, Indonesia and Sri Lanka are the major exporters for desiccated coconut in the global market.
Desiccated Coconut Market Drivers:
The rising demand for organic desiccated coconut and fair trade products directly drives market growth. Desiccated coconut is vital in traditional European bakery items like kokosmakronen and coconut macaroons, as well as breakfast cereals. Increased consumer interest in desiccated coconut-based products, including Asian dishes, further propels market progress.
source : https://www.transparencymarketresearch.com/desiccated-coconut-market.html