Desiccated Coconut Market To Reach $12.50 Billion By 2030

Desiccated Coconut Market Growth & Trends

The global desiccated coconut market size is expected to reach USD 12.50 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 3.6% from 2024 to 2030. Consumers are increasingly seeking natural and unprocessed food ingredients, driving up demand for desiccated coconut, especially in health-conscious markets. Its role as a natural component in various food products aligns with the growing preference for clean-label and organic items.

The global food and beverage industry’s expansion, particularly in the bakery, confectionery, and dairy sectors, is boosting the demand for desiccated coconut. Valued for its texture, flavor, and nutritional benefits, it has become a popular ingredient in these categories.

The rise of plant-based and vegan diets is further fueling the market's growth. As a natural, plant-based ingredient, desiccated coconut is widely used in vegan and vegetarian recipes, from snacks to desserts. In addition, due to its natural oils and exfoliating properties, desiccated coconut is finding increasing use in the cosmetics and personal care industry, opening new applications beyond the food sector.

 The health benefits of desiccated coconut-rich in dietary fiber, healthy fats, and essential nutrients-are significant drivers of its demand. Marketed as a superfood, it appeals to health-conscious consumers. The rising consumption of packaged and processed foods, particularly in emerging markets, is also driving demand, with desiccated coconut featured in ready-to-eat snacks, baked goods, and confectionery products.

Globalization has enhanced the export of desiccated coconut to markets worldwide, with major producing countries like the Philippines, Indonesia, India, and Sri Lanka capitalizing on growing international demand. Manufacturers are innovating by introducing new forms of desiccated coconut, such as flavored or roasted variants, to meet diverse consumer preferences. This innovation is broadening the market's appeal and attracting a wider range of consumers.

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Desiccated Coconut Market Report Highlights

• The conventional desiccated coconut segment will possess a share of 80.81% in 2023. Conventional desiccated coconut is typically more cost-effective than its organic counterpart, making it more accessible to a wider range of consumers and businesses, especially in price-sensitive markets.

• The desiccated coconut in health and food supplements is expected to witness a CAGR of 4.4% from 2024 to 2030. As consumers increasingly prioritize health and wellness, they are seeking foods and supplements that provide nutritional benefits. Desiccated coconut, with its high content of healthy fats, dietary fiber, vitamins, and minerals, is becoming a popular ingredient in health-focused products.

• The sale of desiccated coconut through online distribution channel is expected to witness a CAGR of 4.1% from 2024 to 2030. Online shopping provides the convenience of browsing and purchasing products from home. Consumers can effortlessly order desiccated coconut online and have it delivered directly to their doorstep, saving time and effort compared to visiting physical stores.

• North America held a market share of 46.17% in 2023. North American consumers are increasingly looking for clean-label products that are free from artificial additives, preservatives, and GMOs. Desiccated coconut, as a natural and minimally processed product, fits these preferences well, resulting in higher demand.

Desiccated Coconut Market Segmentation

Grand View Research has segmented the global desiccated coconut market report based on nature, application, and distribution channel: 

Desiccated Coconut Nature Outlook (Revenue, USD Million, 2018 - 2030)

• Conventional

• Organic

Desiccated Coconut Application Outlook (Revenue, USD Million, 2018 - 2030)

• Bakery and Confectionery

• Dairy

• Health Foods And Supplements

• Culinary

• Others

Desiccated Coconut Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Supermarkets & Hypermarkets

• Convenience Stores

• Others

Desiccated Coconut Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • France

  • Germany

  • Spain

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

List of Key Players in the Desiccated Coconut Market

• Celebes Coconut Corporation

• Ken Taste Products Limited

• VV Industries

• Coloma Bio Organic

• Bake King

• Goldman International Pvt. Ltd.

• Super Coco Company

• Holland & Barrett

• Primex Coco Products Inc.

• CBL Natural Foods