Coconut cream is manufactured from the extraction of tender coconut flesh and pureeing it, obtaining a thick paste. The coconut cream is like coconut milk that has viscous consistency and similar non-sweet taste. The coconut cream is rich in fats and is often used forthe spicing up the curries and cuisines to add flavor and make it much less spicy. The rise in products growing with popularity in preparation of paleo diet and beverages such as pina colada boosting the growth of coconut cream market. The coconut cream market is also expected to see growth owing to its usage as a non-sweet cream in many health related desserts & beverages.
It is a high water content, high
fat and low tannins, coconut cream being widely used as the key ingredient in
producing coconut juice drinks, is quickly edible. The natural phenomenon
associated to coconut cream is its rapid separation of fat which makes it
product with the selected attractiveness than standing. Increasing in usage of
coconut cream over a various Industries such associated to food industry,
personal care industry, food & beverage, among others is expected to be
prime driver for market growth.
According to study, “Global
Coconut Cream Market to reach USD XXX billion by 2026” the key
companies operating in the global coconut cream market are Celebes coconut
corporation, Edward and sons Trading Corporation., Goya foods Inc., Nutiva
Inc., Thaitan foods international co. Ltd., Windmill organics, Maya gold
trading B.V., Healthy traditions, McCormick & Company and Tropical sun.
Based on nature, coconut cream
market is bifurcated as organic coconut cream and inorganic coconut cream.
Organic coconut cream segment dominates the market owing to rise in demand for
organic ingredients & products that are produced without use of harmful
pesticides & insecticides. Based on packaging, market is bifurcated as
tetra packs and cans. Based on distribution channel, market is bifurcated as
direct channel and indirect channel. Indirect channel includes convenience
stores, hypermarket/supermarket, online retailers, specialty stores and others.
In addition, based on end-use, market is bifurcated as foodservices, households
and industrial.
The coconut cream market is driven
by rise in demand for processed food products and increase in number of lactose
intolerant people & vegan population. However, lack of a skilled workforce
may impact the market. Moreover, rise in use of coconut cream in cosmetics
industry for producing organic cosmetic products is a key opportunity for
market. Furthermore, growth in global vegan population base, increase in
population of Asian cuisine and organic coconut cream are major trends for
market.
Based on geography, the
Asian-pacific is the significant region in global coconut cream market owing to
rise in production of the coconut in the region. Whereas, the European and
North-American regions are anticipated to witness higher growth rate due to
growth in food processing industry overt the forecast period. In near future,
it is predicted that the global coconut cream market will be reached at rapid
pace as a result of rise in demand for convenience food during the forecast
period.
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Ankur Gupta, Head Marketing &
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