The Europe Coconut Milk Powder Market would witness market growth of 9.4% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 338.9 Tonnes, showcasing a growth of 11.4% (2020-2023).
Organic coconut milk powder is derived from coconuts grown without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). This product is certified organic, appealing to health-conscious consumers seeking clean-label products and sustainable sourcing. The production process involves carefully selecting mature coconuts, extracting the milk, and then drying it using organic-approved methods. Thus, the Germany market consumed a volume of 19.43 Tonnes in 2023.
The Germany market dominated the Europe Coconut Milk Powder Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,746.3 Thousands by 2031. The UK market is exhibiting a CAGR of 8.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10.6% during (2024 - 2031).
This powder is increasingly finding its place in the pet food industry as a flavour enhancer and a nutritional additive. Its health benefits can be effectively marketed as part of premium pet food formulations, appealing to pet owners who prioritize natural and nutritious options for their animals. This trend aligns with the pet industry's rapid growth in Colombia, valued at USD 2.4 billion in 2020, and is projected to continue expanding at a rate of 3.7% annually from 2023 to 2027.
The dairy-free ice cream market is expanding, and this powder creates creamy and rich frozen desserts. Its high-fat content contributes to a smooth texture, making it a popular base for plant-based ice creams. In health and wellness, this powder is incorporated into protein powders and meal replacement shakes. Its nutritional profile, rich in medium-chain triglycerides (MCTs), makes it a valuable ingredient for athletes and health-conscious consumers looking for energy-boosting options.
As consumers continue to gravitate towards healthier, sustainable options, this powder is poised to capture a larger market share, driven by its versatility, health benefits, and alignment with the rising trend of plant-based eating. The recent surge in the consumption of plant-based foods in Europe, with a reported growth of 49% from 2021 to 2022, underscores a significant shift in dietary preferences across the continent. This trend is particularly notable in the category of milk alternatives, where this powder stands to benefit immensely. As consumers increasingly embrace plant-based options, the demand for diverse and innovative ingredients, including this powder, is set to rise. Therefore, this market is presented with a substantial opportunity due to the resilient expansion of the plant-based food sector in Europe.
Free Valuable Insights: The Global Coconut Milk Powder Market will Hit USD 140.8 Million by 2031, at a CAGR of 9.7%
Based on Product, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Food, and Beverages. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Product (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
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