(Food-Beverage-News.Com, January 23, 2018 ) The Global Coconut Milk Powder Market is worth USD xx million in 2017 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2022. The global Coconut Milk Powder market is developing at an exceptionally quick pace.
Coconut milk powder is a fine, white powder which is mainly used in Southeast Asian and other cuisines. It is manufactured through the spray drying process of raw unsweetened coconut cream and is reconstituted with water for use in recipes that require coconut milk. Many commercially available coconut milk powders contain milk or casein as their main ingredients.
The significant drivers are an increasing lactose intolerant population which creates demand for coconut milk. Coconut milk powder is largely used as a substitute for milk powder which contains lactose. Also Where coconut milk is not available coconut milk powder is used as substitute.
The global Coconut Milk Powder market is segmented on the basis of Product, Application and region. Based on Product the market is segmented into Original Flavor and Other. Based on Application the market is segmented into Food and Drinks.
Geographically, the Global Coconut Milk Powder market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Asia Pacific is expected to have the largest share followed by North America. Europe is expected to witness considerable growth during the forecast period.
Cocos, Ayam, Coconut Company Ltd, Natural Sourcing, Nestlé Lanka PLC, Xian Le Sen Bio-Technology, Ahrensburg, S&P INDUSTRIES, Fiesta, Renuka, QBB, Cocomi, Caribbean, MAGGI, Enature Organic Products, NANGUO, Xi’An Ron sheng Biotechnology, and Kara are the key players in the global Coconut Milk Powder market.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
