Shredded and Desiccated Coconut Market Report 2024 (Global Edition)

Global Shredded and Desiccated Coconut Market Report 2024 Market Size Split by Form (Powder , Granular , Flakes , Chips , Shreds ), by Application (Bakery , Confectionery , Dairy Products , Fr...

Shredded and Desiccated Coconut Market Report Description

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Competitive Landscape of the Shredded and Desiccated Coconut Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Shredded and Desiccated Coconut Industry: (In no particular order of Rank)

• Marudhar Foods Pvt Ltd
• Primex Coco Products Inc
• Royce Food Corporation
• Celebes Coconut Corporation
• Meghna Group of Industries
• Pacific Eastern Coconut Utama
• Sri Lanka Export Development Board
• Rasaku
• Adamjee Lukmanjee & Sons Pvt Ltd
• Cocoguru Coconut Industries Pvt Ltd
• PT Global Coconut
• Goya Foods Inc
• Sun Bio Naturals India Pvt Ltd
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Shredded and Desiccated Coconut

Which Region Will Dominate the Shredded and Desiccated Coconut Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for shredded and desiccated coconut is expanding in North America due to rising customer desire for natural and adaptable ingredients. Shredded and desiccated coconut is becoming increasingly popular due to its extensive use in various culinary applications, such as baking, confectionery, and savory dishes. The market expansion is further aided by increased availability through retail channels and online platforms, which cater to the changing needs of customers throughout the region.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase in the sales of reagents. The market for dried and shredded coconut is expanding due to consumers' growing desire for natural and healthful products. Desiccated and shredded coconut is gaining popularity among European customers due to its many culinary uses and adaptability. The market is growing because of increased availability through online platforms, specialty retailers, and supermarkets.

The current report Scope analyzes Shredded and Desiccated Coconut Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Shredded and Desiccated Coconut Market

According to Cognitive Market Research, the global Shredded and Desiccated Coconut market size was estimated at USD 5615.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2246.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The market for desiccated and shredded coconut in North America is expanding significantly due to customer demand for natural and adaptable ingredients. The baking industry is one that contributes significantly, and coconut is a common ingredient in a variety of baked items. Shredded and desiccated coconut products are becoming more and more popular in the region as consumers look for healthier and more decadent options. This is because they meet a variety of consumer tastes and encourage further market expansion.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Shredded and Desiccated Coconut market with a market size of USD 1772.16 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The demand is amplified by the nation's a growing trend towards healthy eating habits. 
• The Canada Shredded and Desiccated Coconut market had a market share of USD 269.53 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's rising popularity of coconut-based products in the food industry.
• The Mexico Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 204.39 million in 2024.

 

Europe Shredded and Desiccated Coconut Market

According to Cognitive Market Research, with a market value of USD 5615.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 1684.56 million. The market for dried and shredded coconut is expanding steadily in Europe thanks to rising customer demand for natural and healthful ingredients. The confectionery industry stands out as a significant market niche, and coconut is a common ingredient in many sweet dishes. The demand for shredded and desiccated coconut in confectionery items is anticipated to stay strong as European consumers choose rich and tasty snacks. This will propel further market expansion and present opportunities for manufacturers and retailers throughout the area.

• The United Kingdom Shredded and Desiccated Coconut market had a market share of USD 283.01 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Shredded and Desiccated Coconut sales witness an upswing due to the changing dietary preferences towards natural. 
• The France Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 154.98 million in 2024.
• According to Cognitive Market Research, the Germany Shredded and Desiccated Coconut market size was valued at USD 333.54 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Shredded and Desiccated Coconut sales surge due to the rising disposable incomes. 
• The Italy Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 144.87 million in 2024.
• The Russia Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD 261.11 million in 2024.
• The Spain Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 138.13 million in 2024.
• The Luxembourg Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 52.22 million in 2024.
• The Portugal Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 35.38 million in 2024.
• The Greece Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 20.21 million in 2024.
• Rest of Europe Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 261.11 million in 2024.

 

Asia Pacific Shredded and Desiccated Coconut Market

According to Cognitive Market Research, the global Shredded and Desiccated Coconut market size was estimated at USD 5615.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1291.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. Due to the extensive usage of coconut in culinary traditions, the shredded and desiccated coconut industry in the Asia Pacific area is experiencing tremendous expansion. Because coconut is a common ingredient in many traditional Asian desserts and pastries, the baking industry stands out significantly. The demand for shredded and desiccated coconut is still high throughout the region, fueled by consumer preferences that are shifting more and more toward natural and authentic ingredients. This presents manufacturers and suppliers with lucrative opportunities as they continue to expand their markets and cater to the diverse culinary landscape of Asia Pacific.

• According to Cognitive Market Research, the China Shredded and Desiccated Coconut market size was valued at USD 581.17 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Shredded and Desiccated Coconut sales surge in China due to the nation's rapid expansion in nutritious ingredients.
• The Japan Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 178.23 million in 2024.
• The India Shredded and Desiccated Coconut market had a market share of USD 154.98 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. The demand is augmented by India's increasing emphasis on organic.
• The South Korea Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 129.15 million in 2024.
• The Australia Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 67.16 million in 2024.
• The South East Asia Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 89.11 million in 2024.
• The Rest of Asia Pacific Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 91.70 million in 2024.

South America Shredded and Desiccated Coconut Market

According to Cognitive Market Research, the global Shredded and Desiccated Coconut market size was estimated at USD 5615.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 280.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. Due to the region's extensive usage of coconut in traditional cuisines and rich culinary legacy, the market for shredded and desiccated coconut is flourishing in Latin America. Although the bakery industry continues to be a significant market, coconut is also widely used in drinks, sweets, and savory recipes. The demand for shredded and desiccated coconut products is anticipated to stay strong as customer preferences continue to favor real, natural ingredients. This will drive further market expansion and present opportunities for producers and suppliers in the area.

• According to Cognitive Market Research, the Brazil Shredded and Desiccated Coconut market size was valued at USD 120.17 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Shredded and Desiccated Coconut sales flourish in Brazil due to the sustainable food options.
• The Argentina Shredded and Desiccated Coconut market had a market share of USD 47.17 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The demand is augmented by Argentina's commitment to awareness of its health.
• The Colombia Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 24.99 million in 2024.
• The Peru Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 23.02 million in 2024.
• The Chile Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 20.21 million in 2024.
• The Rest of Latin America Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 45.20 million in 2024.

 

Middle East and Africa Shredded and Desiccated Coconut Market

According to Cognitive Market Research, the global Shredded and Desiccated Coconut market size was estimated at USD 5615.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 112.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. The market for shredded and desiccated coconut is steadily expanding across the Middle East and Africa due to the region's diverse cuisine and rising use of components derived from coconuts. Although bread is still a major industry, coconut is becoming more and more popular in traditional African and Middle Eastern cuisine. Shredded and desiccated coconut products are anticipated to enjoy consistent demand as consumer interest in natural and adaptable ingredients grows. This will support further market expansion and present opportunities for producers and suppliers in the region's thriving culinary scene.

• According to Cognitive Market Research, the GCC Countries Shredded and Desiccated Coconut market size was valued at USD 48.07 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Shredded and Desiccated Coconut sales flourish in the GCC Countries due to the region's the growing interest in exotic.
• The Egypt Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 11.79 million in 2024.
• The South Africa Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 17.74 million in 2024. Shredded and Desiccated Coconut sales flourish in the South Africa due to the flavourful ingredients.
• The Turkey Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 9.66 million in 2024.
• The Nigeria Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 11.79 million in 2024.
• The Rest of MEA Shredded and Desiccated Coconut market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 13.25 million in 2024.

 

Shredded and Desiccated Coconut Market Analysis

Shredded and Desiccated Coconut  Form Segment Analysis

According to Cognitive Market Research, Powder held the major market share over the forecast period. The industry is expanding thanks to the powdered version of shredded and desiccated coconut, which provides consumers and food makers with ease and diversity. Coconut powder has gained popularity in the culinary sector due to its simplicity in a variety of recipes and products. 

Granular is the fastest-growing category over the forecast period. The industry is expanding because the granular form of dried and shredded coconut provides improved texture and more application options. Granular coconut gives a distinctive flavor and coarse texture to a variety of dishes and baked items. Granular shredded and desiccated coconut is becoming increasingly popular in the market as people look for high-quality ingredients for their recipes.

• Powder 
• Granular 
• Flakes 
• Chips 
• Shreds 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Shredded and Desiccated Coconut Industry. Request a Free Sample PDF!

Shredded and Desiccated Coconut Application Segment Analysis

According to Cognitive Market Research, Bakery holds a prominent market share. Due to its popularity as a component in various baked goods, the market for shredded and desiccated coconut is expanding, thanks largely to the bakery industry. The taste and appeal of bread, cakes, cookies, and pastries are enhanced by its inherent sweetness, texture, and flavor. The shredded and desiccated coconut market is rising to meet the increasing demand from consumers for bakery products with coconut flavorings.

Confectionery is the fastest-growing category over the forecast period. The market for shredded and desiccated coconut is expanding due to the confectionery business, which uses coconut in various sweet products such as chocolates, candies, and desserts. Its distinct texture and inherent sweetness improve the flavor and allure of confectionary goods. Consumer preferences shift toward rich and savory confections, driving demand for coconut-infused confections.

• Bakery 
• Confectionery 
• Dairy Products 
• Frozen Dessert 
• Other Applications 

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Shredded and Desiccated Coconut market report 2024 Edition by contacting our team.

Shredded and Desiccated Coconut Distribution Channel Segment Analysis

According to Cognitive Market Research, Direct holds a prominent market share. Direct distribution channels give customers quick access to various coconut goods, supporting the market's growth for dried and shredded coconut. Consumers can easily purchase dried and shredded coconut through direct sales venues, including farmer's markets and online retailers, which propels market expansion.

Indirect is the fastest-growing category over the forecast period. Supermarkets, specialty shops, and wholesalers are examples of indirect distribution channels vital to expanding the desiccated and shredded coconut business. These distribution channels offer a large range of coconut products and have a broad reach and accessibility to consumers. Indirect distribution channels play a major role in the growth of the shredded and desiccated coconut market by improving product availability and visibility and catering to a wide range of consumer demands.

• Direct 
• Indirect 
• Hypermarkets/Supermarkets 
• Convenience Stores 
• Specialty Stores 
• Independent Retailers 
• Online Retailers

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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