DUBLIN, Mar 31, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Coconut Powder Market 2017-2021" report to their offering.
The global coconut powder market to grow at a CAGR of 7.30% during the period 2017-2021.
Global Coconut Powder Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the sales and value of coconut powder.
According to the report, one driver in the market is the health benefits of coconut. One of the factors driving the growth of the global coconut powder market is the increasing awareness of the health benefits of coconuts among the consumers. The consumers in the market are becoming more aware of the health benefits of coconuts because of the campaigns conducted by the players in the market and the articles published in various science journals regarding the health benefits of coconuts.
One trend in the market is the dependence on coconut oil market. The price of coconut powder is dependent on the price of coconut oil as both the products have same raw material. As the price of coconut oil increases, the price of coconut powder increases and vice versa. This is an important trend which will have an impact on the growth of the market during the forecast period. The price of coconut oil is driven by the price trends in other vegetable oil markets such as palm oil. With a rise in the price of crude oil due to a decrease in the production of crude oil by OPEC countries, the demand for vegetable oils as a source of bio fuels will increase. This factor will, in turn, increase the demand for coconut oil, leading to an increase in its price. As the price of coconut powder and coconut oil is related, the price of coconut powder is also expected to increase during the forecast period.
Further, the report states that one challenge in the market is the sourcing of tender coconuts. Sourcing of tender coconuts is one of the main challenges faced by the global coconut powder market. The major players in the market used to source their coconuts from Brazil initially. However, due to an increase in demand, the Brazilian supply of coconuts has become inadequate to meet demand, compelling the market players to source coconuts from APAC countries such as the Philippines, Indonesia, and India.
- Celebes Coconut Corporation
- Fresh Fruit Ingredients
- PT. Global Coconut
- V V Industries
Other prominent vendors
- Dear Earth
- Super Coco
- Indian Valley Foods
- Vittal Agro
- Jeecon Foods
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by distribution channel
Part 08: Geographical segmentation
Part 09: Key leading countries
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/9lzc33/global_coconut
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-coconut-powder-market-2021-market-price-driven-by-the-price-trends-in-other-vegetable-oil-markets---research-and-markets-300432661.html
SOURCE Research and Markets