United States Dried Coconut Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 6.6% from 2024 to 2030.
The US dried coconut market is witnessing significant growth due to an increased demand for healthy, plant-based ingredients across various industries. This surge can be attributed to the growing awareness of the health benefits associated with dried coconut products, including their high fiber content, antioxidants, and healthy fats. As consumers become more health-conscious, industries in food, beverages, and personal care are increasingly relying on dried coconut as a versatile ingredient in their products.
Various forms of dried coconut are in demand, including desiccated coconut, coconut flour, coconut chips, and shredded coconut. These products find their application in a wide range of industries, such as food processing, bakery, dairy, snacks, and cosmetics. The demand for coconut-based products in plant-based food production, gluten-free and sugar-free alternatives, and vegan snack options is driving the market. For instance, coconut flour is highly sought after in gluten-free baking, while coconut chips are often used as a healthy snack alternative or ingredient in granola bars.
The requirement from industries is vast and diverse, with manufacturers seeking suppliers who can provide high-quality, organic, and sustainably sourced dried coconut products. The food industry, in particular, demands large quantities of shredded coconut for its use in confectionery, ice creams, desserts, and savory dishes. In addition, the cosmetic industry has been increasingly turning to dried coconut for use in skin care products due to its moisturizing properties. Natural coconut oil and extracts are now staples in many personal care lines, including hair and skincare formulations.
Despite the growing demand, the US dried coconut market faces challenges, including supply chain issues and the increasing cost of raw materials. As climate change impacts coconut farming in tropical regions, the availability of high-quality dried coconut may fluctuate, making it crucial for companies to establish stable sourcing channels. However, the market outlook remains strong, driven by the sustained rise in consumer demand for healthier and more sustainable food and beauty products.
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Three Squirrels
BESTORE
Haoxiangni
Bob's Red Mill
Bergin Fruit and Nut Company
Now Real Food
Wildly Organic
Made in Nature
WEL-B
Benefruit
Dang Foods
MAVUNO HARVEST
Sunsweet Growers
THrive Life
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Dried Coconut Market
Dried Coconut Chunks
Coconut Powder
Coconut Chips
Coconut Flakes
Coconut Shredded
Food & Beverages Industry
Cosmetics & Personal Care
Pharmaceuticals
Animal Feed
Whole
Crushed
Ground
Powdered
Online Retailers
Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Direct Sales
Plastic Bags
Vacuum Sealed Packs
Glass Jars
Cans
Paper Packs
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Dried Coconut Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Dried Coconut Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Dried Coconut Market, By Type
6. US Dried Coconut Market, By Application
7. US Dried Coconut Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Dried Coconut Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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