Nata De Coco Market to Garner USD 72 million Revenue by 2030 at 6.3% CAGR - Report by Market Research Future (MRFR)
Nata De Coco Market Information Trends and Insights by product category (juice drink, jelly drink, jelly, pudding, and others), by application (food and beverages, cosmetics, pharmaceutical and others) and by packaging (bottle, can, box, sachet, cup and others), by distribution channel (supermarket, hypermarket, convenience shop, E-commerce and others) by Region- Competitive Market Growth, Size, Share and Forecast to 2030
New York, US, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Nata De Coco Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), Nata De Coco Market Information by Product category, Packaging, Distribution Channel, Application, And Region - Forecast till 2030"; the market will reach USD 72 million by 2030 at a 6.3% CAGR.
Market Synopsis
A revitalizing and nourishing beverage called nata de coco is produced from fermented coconut water. The Philippines was where the beverage was initially made available. Due to its composition of coconut milk, water, sugar cane juice, lime or lemon juice, and acetic acid, it is naturally devoid of cholesterol, fat, and sugar. Coconut's lipid composition accounts for its naturally low-fat content. Nata De Coco is an organic food that is made by combining coconut water, coconut milk, sugar, and ethanoic acid. It is made with the aid of microbes via a fermentation process. Nata de cacao is primarily used in the beverage industry to produce a variety of products, including ice cream, drinks, candies, cocktails, fruit salads, pickles, and others. Demand for Nata De Coco will increase as a result of the market's increased variety.
Consumers are willing to spend more money on goods with a high nutritional value as their awareness of their health rises. Fiber, a component that makes coconut milk easier to digest, is abundant in the beverage. It also contains plenty of unsaturated fatty acids, which are advantageous for those who have heart problems. During the forecast period, there will likely be a significant increase in the global nata de coco market. Nata de coco is also becoming more and more well-liked in the food and beverage sector. In a few years, high revenue is anticipated everywhere. New items created by major participants in the market are anticipated to draw customers. A common base for many health-improving products is coconut milk. It can be utilized to create dairy-based drinks, desserts, and even ice cream.
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Report Scope:
Report Attribute | Details |
Market Size in 2030 | USD 72 million |
CAGR | 6.3% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | by Product category, Packaging, Distribution Channel, Application, And Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Market Drivers | Rising desire for natural and nutritious food products |
Changing consumer buying habits |
Market Competitive Landscape:
The prolific contenders in the Nata De Coco market are:
Nata De Coco Manufacturing Sdn Bhd (Malaysia)
Siva foods (India)
Shireli Manufacturing (Philippines)
HTK Foods (Viet Nam)
Happy Alliance (M) Sdn Bhd (Malaysia)
Schmecken Agro Food Products (India)
Hainan Yeguo Foods Co., Ltd. (China)
Market U.S.P. Covered:
Market Drivers:
Customers are willing to pay more for any item with good nutritional content that supports their health since they are worried about their health. The market will grow greatly during the forecast period because Nata De Cocoa is regarded as being safe for everyone. All confectionary products contain nata de coco, which is predicted to boost market growth as demand for these goods rises over time. Nata de coco can be consumed in a variety of ways, but jellies are one of the most well-liked. Filipino sweets frequently contain a form of coconut jelly called nata de coco. It tastes slightly sweet and has a chewy texture.
Jellies made of Nata Se Coco are a cool delight that can be enjoyed any time of year. Consumers' well-informed attitudes and willingness to purchase healthy goods are some of the factors that combine to make the market appealing. Market participants have increased their investment in research to find the ideal formulation and enhance product functionality to capture the majority of the nata de coco market and build brand recognition.
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Market Restraints:
The certification and branding of Nata De Coco products are subject to incredibly stringent and onerous procedures, which restrict the market's growth. As a result, maintaining all legal criteria and passing certification tests will impede the expansion and market share of the Nata De Coco products sector.
COVID 19 Analysis
The COVID-19 epidemic had a substantial effect on the world nata de coco market. Due to a scarcity of personnel, raw supplies, and insufficient sales of goods during the pandemic's peak, some manufacturers and merchants were forced to close. The lockout also interrupted the supply chain, which hurt the market. However, because of its high nutritional content and accessibility, the nata de coco business has grown due to the presence of coconut, which was eaten more frequently during the epidemic because of its high nutritional value.
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Market Segmentation
By distribution channel, the market includes a supermarket, convenience shops, E-commerce, and hypermarket. By product category, the market includes juice drinks, jelly drinks, pudding, and jelly. By packaging, the market includes a bottle, can, box, cup, and sachet. By application, the market includes food and beverages, pharmaceutical, and cosmetics.
Regional Insights
Geographically, Nata De Cacao consumption is highest in the Asia-Pacific area. The Philippines and India are the two countries that export the most nata de coco internationally since they are tropical countries. It is projected that Japan, China, Indonesia, and India will be the countries that will lead industry growth over the forecast period. China has emerged as Nata De Coco's fastest-growing market in recent years. This is a result of the product's rising appeal inside the nation. The pulp of the fruit is used to make a form of coconut pudding known as nata de coco. It is a well-liked dessert throughout Asia, and it is currently gaining popularity in China. The increased manufacturing of coconut-based goods is driving the Asia Pacific.
Nata de coco originated in the Philippines, and as its popularity as an ingredient in Asian desserts has increased, so has market growth in the Asia-Pacific area. The biggest producers of coconut and associated goods are the Philippines, Indonesia, and India, and as South-East Asia's appetite for iced teas and fruit jellies grows, so does the demand for nata de coco. Particularly in tropical climes, nata de coco is frequently used as a nata mix in a variety of soft drinks. Nata de coco is more in demand in Europe and the Middle East due to the rising appeal of sweets and puddings made with it.
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