Desiccated Coconut Market - Forecast(2023 - 2028)

Report Code: FBR 0255 Report Format: PDF + Excel

Desiccated Coconut Market Overview

The Desiccated Coconut Market size is estimated to reach $7.1 billion by 2026 and is poised to grow at a CAGR of 5.5% over the forecast period of 2021-2026. Desiccated coconut refers to the meat of the coconut, which has been dried out, pared, and washed from all the coverings. Coconut meat has been in use for centuries and is called “Kalp vriksha,” meaning that the tree provides all the necessary things for human survival. The desiccated coconut can be sliced or cut as per the needs of the consumers. In confectionery items, the desiccated part is used for decoration, aroma, and more recently has been adopted due to its properties of dietary fiber. Since the coconut is dried out post-harvest, the desiccated part or the meat of the coconut is high in manganese/magnesium and contains 24% of the recommended daily value in the diet. The health benefits and rising inclination of consumers to adopt natural sugars with a low glycemic index are some of the factors driving the Desiccated Coconut Industry forward during the forecast period.

Report Coverage

The report: Desiccated Coconut Market Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Desiccated Coconut Market.

By Cut- Regular Cut and Fancy Cut.
By Fat Content- High Fat and Low Fat & Others.
By Nature- Organic and Conventional.
By Distribution Channel- Business to Business and Business to Consumers.
By End Users- Households, Food and Beverage Industry and Food Services Industry.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Europe’s Desiccated Coconut Market held a dominant revenue share in the year 2020. It is owing to the dependence of desiccated coconut in preparing various delicacies and multiple usages in the bakery, confectionery, and beverage industries. Moreover, Europe will continue to grow at a lucrative rate owing to the rising preference for adopting Asian delicacies and healthy sugars in the daily diet.
  • The aligned health benefits offered using desiccated coconut will act as a driver for the market. However, dependence on some regions affecting the overall price will serve as a challenge for the market.
  • Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Desiccated Coconut report.

Desiccated Coconut Market Share, By Geography, 2020 (%)

Desiccated Coconut Market

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Desiccated Coconut Market Segment Analysis- By Nature

The Desiccated Coconut Markets based on nature can be further segmented into organic and conventional. Conventional desiccated coconuts held a dominant share in the year 2020. It was owing to the production region’s agricultural practices and the reduced labor cost rates, which play a significant role in deciding the price of the coconut meat. Moreover, on average, the conventional desiccated coconut costs $12, whereas the organic desiccated coconut costs $17 per 8 oz. Therefore, the following becomes a reason for choosing, moreover the end-users such as restaurants look for cheaper raw materials while also fulfilling the consumer needs.

The organic desiccated coconut segment is estimated to be the fastest-growing, with a CAGR of 5.7% over the forecast period of 2021-2026. It is owing to the rising awareness around consuming healthy produce and the rising concern for agricultural activities supporting the environment as a whole.

Desiccated Coconut Market Segment Analysis- By Fat Content

The Desiccated Coconut Market based on fat content can be segmented into high fat and low fat. The low-fat segment held a dominant share in the year 2020. It is owing to the health benefits the said segment offers. For example, the fat content of the “high-fat” module is (65+/-5)%. In comparison, the fat content of low-fat ranged from 40-50%. High saturated fats lead to cardiovascular diseases, and one should be careful while consuming the “high-fat” variant.

Moreover, the low-fat segment is estimated to be the fastest-growing, with a CAGR of 5.9% over the forecast period of 2021-2026. It is owing to the rising prevalence of cardiovascular diseases owing to obesity and higher intake of LDL-rich food. As per WHO, 43% of the deaths below 70 are now linked to diabetes, a predominant cardiovascular disease. High saturated fats lead to cardiovascular diseases, and one should be careful while consuming the “high-fat” variant.

Desiccated Coconut Market Segment Analysis- By Geography

The Desiccated Coconut Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe held the largest geographic share of 29% as compared to the other regions. It is owing to the high usage of desiccated coconut in food processing industries and in preparing confectionery, bakery, and other beverage items. Moreover, Europe has been a leading importer for several decades for the given commodity.

Moreover, Europe will continue to grow at a lucrative rate in the forecast period of 2021-2026 as the desiccated coconut is now predominantly used as a natural sweetener by households and other key users. Furthermore, Europe is now asking for produce via organic means, and the following will supplement the growing demand catered in the form of desiccated coconut chips, protein bars, and several others.

Desiccated Coconut Market Drivers

The health benefits associated with the use of desiccated coconut have driven the market.

Desiccated coconuts contain nutritional values, which mostly supplants the average daily need for a human. Moreover, an ounce of desiccated coconut contains 80% healthy saturated fat. Although there has been controversy surrounding the fat component, researchers have proved that medium-chain fatty acids are absorbed differently in the body while providing improved cognitive abilities and better lipid profiles. Additionally, the meat of the coconut offers selenium, a mineral that helps enhance immune function and thyroid function. Additionally, the desiccated coconut provides copper to the body and supplants up to 25% of the body's requirements. Furthermore, an ounce of desiccated coconut offers 5grams of dietary fiber, which provides the body 15% of the daily requirement.

An increase in the usage of desiccated coconuts as a sustainable replacement of sugars for the food processing industry is driving the demand.

The desiccated coconuts are offered in two primary forms, sweetened and unsweetened. The sweetened desiccated coconuts are actively used by the confectionery and bakeries of the different regions in place of natural sugars, which increase the glycemic index. At the same time, artificial sweeteners offer other long-term illnesses. For example, the glycemic value registered post consuming desiccated coconut was 35, while the glycemic value post consuming sugars obtained from sugar cane ranged from 58 to 82. The following aspect shows how desiccated coconuts can act as a healthier substitute for daily consumption.

Desiccated Coconut Market Challenges

A high price dependence on few production regions is a challenge desiccated coconut markets face.

A high correlation is found between a few regions’ productions and the overall global consumption of the desiccated coconut market. Desiccated coconuts are predominantly supplied from the south Asian countries of the Philippines and Indonesia (60% of the exports). The regions are known to be hampered by climatic conditions and various cyclonic storms. Hence, the major importer such as Europe faces challenges regarding the prices of desiccated coconuts, as with a supply crunch, the prices shoot up to 20%, and subsequently go down as well. The high dependence on regions has created various price turbulences for the market. 

Desiccated Coconut Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Phytol Market. The top 10 Desiccated Coconut Companies include:

  1. Royce Food Corporation
  2. Celebes Coconut Corporation
  3. Ken taste Products Limited
  4. VV Industries
  5. Super Coco Company,
  6. Goldman International Pvt Ltd.
  7. Coloma Bio Organic
  8. Holland & Barrett
  9. Bake King
  10. Rev Foods

Recent Developments

  • In 2021, Genuine Coconut exhibited itself by launching three new flavors in the USA Market. The products were Coconut Chunks, Coconut Toppings, and Grated/Desiccated Coconut. All the launched products are free from artificial sweeteners and have a 60-day shelf life. 
  • In 2021, Natural Delights replaced their existing date rolls with Mini Majdools. The brand line would consist of desiccated coconuts, cacao and pecan, sweet and salty almond, and various other nuts. 

Relevant Titles

Report Code- FBR 92267

Report Code – FBR 0486

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1. Desiccated Coconut Market- Overview
    1.1 Definitions and Scope
2. Desiccated Coconut Market- Executive Summary
    2.1 Market Revenue, Market Size, and Key Trends
    2.2 Key trends by Cut
    2.3 Key trends by Fat Content
    2.4 Key trends by Nature
    2.5 Key Trends by Distribution Channel
    2.6 Key Trends by End User
    2.7 Key trends by Geography
3. Desiccated Coconut Market- Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis– Key Companies
    3.3 Market Share Analysis– Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Desiccated Coconut Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Desiccated Coconut Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Desiccated Coconut Market- Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Desiccated Coconut Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Desiccated Coconut Market– By Cut (Market Size –$Million/$Billion)
    8.1 Regular Cut
        8.1.1 Fine Cut
        8.1.2 Medium Cut
        8.1.3 Super-Fine Cut
    8.2 Fancy Cut
        8.2.1 Chips
        8.2.2 Flakes
        8.2.3 Threads
        8.2.4 Shreds
9. Desiccated Coconut Market– By Fat Content (Market Size –$Million/$Billion)
    9.1 High-Fat
    9.2 Low-Fat
    9.3 Others
10. Desiccated Coconut Market– By Nature (Market Size –$Million/$Billion)
    10.1 Organic
    10.2 Conventional
11. Desiccated Coconut Market– By Distribution Channel Type (Market Size –$Million/$Billion)
    11.1 Business to Business
        11.1.1 Restaurants
        11.1.2 Bakers and Artisans
        11.1.2 Food Processors
        11.1.3 Others
    11.2 Business to Consumers
        11.2.1 Hypermarkets
        11.2.2 Supermarkets
        11.2.3 Grocery Stores
        11.2.4 Online Retail Stores
        11.2.5 Others
12. Desiccated Coconut Market– By End Users (Market Size –$Million/$Billion)
    12.1 Households
    12.2 Food Service Industry
    12.3 Beverage Industry
13. Desiccated Coconut Market- By Geography (Market Size –$Million/$Billion)
    13.1North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 U.K.
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Desiccated Coconut Market- Entropy
15. Desiccated Coconut Market– Industry/Segment Competition Landscape Premium 
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Competition Matrix
        15.1.5 Best Practices for Companies
16. Desiccated Coconut Market– Key Company List by Country Premium Premium
17. Desiccated Coconut Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
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