In a new FactMR market report, the market research company forecasts the market development for coconut cream powder from 2018 to 2028, showing that the growing number of vegans is driving sales of coconut cream powder. Growing public awareness of health issues and increasing global lactose intolerance are also factors. In addition, the market for coconut cream powder is expected to be positively influenced by the development of consumer taste preferences.
Coconut cream powder is a traditional Asian ingredient with a fine white powder consistency. The powder is particularly popular in Southeast Asian dishes, and has a number of health benefits. Based on the many benefits of the powder, it is often used as an essential ingredient in the processing of bakery products, sauces, beverages and dairy products, amongst others. The growing number of vegans worldwide is very favourable for the coconut cream powder market. The consumption and conscious use of natural foods has strongly boosted the demand for coconut cream powder as an ingredient in side dishes.
Some of the major players in the global coconut cream powder market are The Coconut Company Ltd, Nestle S.A., Cocomi Bio Bio, Earth Circle Organics, Natco Foods, Asia Saigon Food Ingredients (AFI), Kara, Enature Organic Products, Anthony’s Goods, King Arthur Flour Company, Inc., Renuka Foods, Wildly Organic by Wilderness Family Naturals and others.