Coconut cream concentrate is whole coconut meat in a concentrated form. It is manufactured using the whole white flash of coconut with no additives including water. The dried coconut is grounded finely giving coconut cream concentrate a creamy consistency due to its high content of fat (70%). The coconut cream concentrate is mainly produced in South East Asian Countries and therefore occupy a larger market share as it is consumed widely in traditional meals and processed foods. Coconut cream concentrate is rich in fats and is used in spiced up curries and Asian cuisines to add a flavor of coconut. Recent years has witnessed the rise in demand for vegan products and alternative to dairy ingredients has fuelled the demand for coconut concentrate cream in the market. Due to its flavor, health benefits and average prices coconut cream concentrate has been widely accepted and has become popular among health-conscious consumers. The manufacturers of coconut cream concentrate in the Asia Pacific region have successfully attracted the consumers from other regions which include Europe, North America, Latin America and others through marketing campaigns. Owing to multiple applications of coconut cream concentrate the demand is expected to increase significantly in other regions too over the forecast period.
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Coconut cream concentrate is expected to Gain Traction in Nutraceuticals
In the past few years, there is an exorbitant increase in the number of new product launches containing coconut cream concentrate as a base ingredient. People’s preference for products with coconut has increased, mainly due to its many health benefits also because it is a nutritious ingredient with a natural source. Coconut cream concentrate is becoming increasingly prominent in vegan including yogurts, ice creams and others. Coconut cream concentrate is also used with juice or water to give it creamy taste with coconut flavor. For household purposes, many individuals add coconut cream concentrate to their coffee as a non-dairy cream. Coconut cream concentrate is low in moisture and therefore it mixes rightly in the dough or batter. The coconut cream concentrate is widely used for household purpose, commercially and is also used as an ingredient in cosmetics and personal care industry. Coconut cream concentrate is popular among the lactose intolerant consumers and obesity disorders. The European market is demanding natural and organic certified products and clean labeled coconut cream concentrate have a great potential to penetrate the European market. There are many markets over the globe which are dependent on the exports of coconut and its products. Owing to all these factors the market of coconut cream concentrate is anticipated to witness significant growth in the market over the forecast period.
Coconut cream concentrate Market Segmentation
On the basis of nature, the coconut cream concentrate market has been segmented as-
On the basis of form, the coconut cream concentrate market has been segmented as-
On the basis of end-use, the coconut cream concentrate market has been segmented as-
- Food & Beverages
- Frozen Desserts
- Sauces & spreads
- Others (Infant Formula, sports nutrition, etc.)
- Food Services
- Cosmetic and personal care products
- Household Purposes
On the basis of distribution channel, the coconut cream concentrate market has been segmented as-
- Hypermarkets/ Supermarkets
- Conventional Store
- Online Store
- Specialty Store
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Coconut Cream Concentrate Market: Key Players
Petrow Food Industries Ltd, Goya Foods, Inc., Maya Gold Trading B.V., Edward & Sons, Thaitan Foods International Co. Ltd., Holista Tranzworld Limited, Adamjee Lukmanjee & Sons (Pvt) Ltd., SunOpta Inc. and ExpoLanka (Pvt) Limited.
Coconut Cream Concentrate Market Opportunities
The manufacturers of coconut cream concentrate are expected to develop a product with high-quality standards about those of developed regions as these are often not yet due to its production in Asian countries. The ever-expanding frozen dessert aisle is opening up new opportunities for the coconut cream market, as marketers explore innovations within dessert variegates and garnishing ingredients. The manufacturers of various cosmetic and personal care products are expected to develop new innovative products using coconut cream concentrate. The manufacturers of coconut cream concentrate are expected to focus on its product packaging and labeling as these products are widely exported.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the coconut cream concentrate market, including but not limited to: regional markets, nature, form, end-use and distribution channel.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The coconut cream concentrate market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the coconut cream concentrate market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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