“Global Coconut Shell Powder Market to reach a market value of USD 509 Million by 2030 growing at a CAGR of 7.3%”
The Global Coconut Shell Powder Market size is expected to reach $509 million by 2030, rising at a market growth of 7.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 68,751.5 tonnes, experiencing a growth of 7.9% (2019-2022).
Activated carbon derived from coconut shell powder is highly effective in adsorbing impurities, contaminants, and pollutants from water and air. Thus, the activated carbon segment acquired $70.8 million in 2022. As the need for clean and safe drinking water and improved air quality rises, the demand for activated carbon in purification applications increases. Stringent environmental regulations and water and air quality concerns drive industries to adopt effective purification methods. Activated carbon, derived from coconut shell powder, is favored for its superior adsorption properties and compliance with environmental standards. Hence, the scientific properties of coconut shell powder drive the segment's growth.
Increased global emphasis on sustainability has fueled the demand for eco-friendly products. It is a natural byproduct with renewable sourcing, aligns with sustainability initiatives, driving its adoption in various applications. Coconut shell powder's eco-friendly nature has propelled its use in various eco-conscious products. It is incorporated into cosmetics, personal care items, household products, and even eco-friendly construction materials, replacing synthetic or less sustainable alternatives. The eco-friendly attributes of coconut shell powder align with global environmental regulations and initiatives focused on reducing carbon footprints, promoting sustainable materials, and reducing waste. Its implementation facilitates the endeavors of businesses to adhere to these regulations and showcase their dedication to sustainability. Additionally, Ongoing grinding, sieving, and refining advancements have improved the quality, purity, and consistency of coconut shell powder. Enhanced manufacturing processes cater to diverse industry requirements. Advanced grinding and crushing machinery equipped with better precision and efficiency help achieve consistent particle sizes of coconut shell powder. This process improves the overall quality of the final product by ensuring consistency. Innovations in refinement and sieving processes aid in separating finer particles and removing impurities or contaminants from coconut shell powder. This improves the purity and quality of the powder, making it suitable for various high-value applications. Therefore, these technological advancements contribute to increased productivity, higher-quality output, cost-effectiveness, and compliance with industry standards within the market.
However, variations in coconut shell availability due to seasonal fluctuations, geographical constraints, and dependency on agricultural cycles can impact the consistent supply of raw materials, affecting production volumes. Coconut shells, the primary raw material for coconut shell powder, are subject to seasonal variations in availability. The harvesting cycles of coconuts are influenced by climatic conditions and agricultural seasons, leading to fluctuations in the supply of coconut shells. The supply of coconut shells is concentrated in regions with significant coconut cultivation, such as Southeast Asia, India, and parts of Latin America and Africa. Remote locations of coconut plantations, inadequate infrastructure, and transportation inefficiencies can lead to delays, increased costs, and difficulties in transporting coconut shells to processing facilities. Hence, the supply chain interruptions in the market are impeding its growth.
On the basis of application, the market is segmented into insect repellent, activated carbon, extender & filler, absorbent, and others. The insect repellant segment acquired a promising growth rate in the market in 2022. Extracts or compounds from coconut shells might be integrated into insect-repellent formulations. The powder might serve as a carrier or component in these formulations, enhancing their efficacy against certain insects. It aligns with the growing natural and eco-friendly insect repellent trend. It could be combined with other natural insect-repelling substances or essential oils to create blends appealing to consumers seeking chemical-free alternatives.
Based on sales channel, the market is categorized into online and offline. In 2022, the offline segment registered the highest revenue share in the market. Offline channels have well-established distribution networks that have been in operation for years. They have strong relationships with retailers, wholesalers, and local markets, making them vital for reaching consumers in various regions. The offline segment remains significant due to its established networks, personalized customer interactions, accessibility in certain regions, and the trust and credibility associated with physical stores.
Based on mesh size, the market is bifurcated into 80-100 mesh and 200-300 mesh. In 2022, the 80-100 mesh segment garnered the highest revenue share in the market. The 80-100 mesh coconut shell powder, with its fine particle size, is often preferred in cosmetics and personal care products. It is a gentle exfoliant in facial scrubs, body polishes, masks, and other skincare formulations. The smaller particle size ensures effective exfoliation without being overly abrasive, making it suitable for sensitive skin types. Therefore, increasing 80-100 mesh use in skin care products drives the segment's demand.
Free Valuable Insights: Global Coconut Shell Powder Market size to reach USD 509 Million by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed the maximum revenue share in the market in 2022. There's a growing consumer preference for natural, eco-friendly, and sustainable products in North America. It aligns with these preferences as it is biodegradable, renewable, and sourced from a natural byproduct, appealing to environmentally conscious consumers. The increasing need for coconut shell powder in North America can be attributed to consumer preferences for natural and sustainable products, its versatile applications across industries, and the growing awareness of its benefits in various sectors.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 293.2 Million |
| Market size forecast in 2030 | USD 509 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.3% from 2023 to 2030 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Number of Pages | 288 |
| Number of Tables | 690 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Mesh Size, Sales Channel, Application, Region |
| Country scope |
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| Companies Included | Shree Balajee Magnesite, Anitha Exports, Kasturi Coconut Processing, Gournish Traders, Cocolandlanka (Pvt) Ltd., Consarc (Pvt) Ltd., Prithvi Chemical Manufacturing Company Pvt. Ltd., Rich Moon Co., Ltd., Vijayanagar Food & Nutraceuticals Pvt. Ltd., Cocogreen (UK) Ltd. |
By Mesh Size (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Sales Channel (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
This Market size is expected to reach $509 million by 2030.
Growing sustainability and eco-friendly trends are driving the Market in coming years, however, Challenges associated with the supply chain of coconut shell powder restraints the growth of the Market.
Shree Balajee Magnesite, Anitha Exports, Kasturi Coconut Processing, Gournish Traders, Cocolandlanka (Pvt) Ltd., Consarc (Pvt) Ltd., Prithvi Chemical Manufacturing Company Pvt. Ltd., Rich Moon Co., Ltd., Vijayanagar Food & Nutraceuticals Pvt. Ltd., Cocogreen (UK) Ltd.
The expected CAGR of this Market is 7.3% from 2023 to 2030.
The Extender & Filler segment is leading the Market by Application in 2022; thereby, achieving a market value of $179.1 Million by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $171.8 Million by 2030.
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