A report published yesterday by Find Market Research has found that the market for coconut cream powder is set to expand during the period of 2018 – 2028. This growth is said to be driven by the inclination towards the vegan population as well as increasing cases of lactose intolerance and milk allergies around the world.
Coconut cream powder is a fine powder made from drying coconut cream, and is an ingredient traditional to many Asian food producers, especially in Southeast Asia where it is a popular ingredient in several recipes. The report states that coconut cream powder offers multiple health benefits and as such is expected to be a next big thing in the food industry.
The variety of products for which this ingredient can be used includes baked products, sauces, curries, dairy products and more. It can be added to soups, and smoothies, and can also be used as a coffee creamer replacement.
The increase in world population plus rising tourism are also noted as factors in the growth of Asian foods and ingredients. Key players in the coconut cream powder market were reported to be: The Coconut Company Ltd, Nestle S.A., Cocomi Bio Organic, Earth Circle Organics, Natco Foods, Asia Saigon Food Ingredients (AFI), Kara, Enature Organic Products, Anthony’s Goods, King Arthur Flour Company, Inc., Renuka Foods, and Wildly Organic by Wilderness Family Naturals.