The Nata de Coco Market, valued at $767.2 million in 2021, is set to grow to $1,434.1 million by 2032, driven by its health appeal, versatility in desserts and drinks, and the increasing demand for natural, vegan-friendly products.
Nata de Coco MarketThis translucent, chewy candy has becoming increasingly popular among health-conscious consumers. Because of its high fibre content and low calorie count, nata de coco, a drink produced from coconut water, is a popular choice. Its versatility in drinks and sweets, as well as the growing demand for natural, vegan-friendly products, are further factors driving its market rise.
Future Market Insights projects that the Nata de Coco market will grow at a compound annual growth rate (CAGR) of 3.5% during the course of the ensuing years. The sector is expected to increase in value from US$ 793.3 million in 2022 to US$ 1,434.1 million in 2032. The Nata De Coco Market was worth US$ 767.2 million by the end of 2021.
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Its fiber content makes it very healthy for digestion. Nata de coco contains less sugar, thus, diabetes, and obesity patients coupled with consumers who are on the watch for the weight can add it to their regular diet.
The presence of little cholesterol in Nata de coco makes it healthy for consumption by people with cardiovascular diseases.
The health attributes associated with the consumption of Nata de coco are the factors fueling the growth of the Nata de coco industry globally.
Leading players in the industry are focusing on innovative products that will attract consumers to their market.
Nata De Coco Market Growth Drivers
Consumers have been conscious of their health time before now, and they are ready to spend a premium on any food product that offers high nutritive value and health benefits to them.
Nata de coco is rich in fiber, a nutrient that makes haste and eases digestion. It also contains unsaturated fatty acids, which makes it adequate for people with cardiovascular diseases.
The global Nata de coco is expected to grow significantly during the forecast period.
Nata de coco has found applications in various ends user sectors such as the food and beverage industry, the pharmaceutical industry, and others. High revenue is expected in a few years in all regions of the world.
Key players in the industry have innovated new products expected to woo consumers to the global mark.
Nata de coco is often mixed or blends with different essence products like banana, almond, strawberry, vanilla, and many others.
The presence of varieties in the global market is slated to create a global surge in demand for Nata de coco products.
Nata de coco is deemed safe for everyone, and due to this, the market with grow tremendously during the forecast period.
The market is estimated to record the highest CAGR over the forecast period.
Nata de coco is used in almost all confectionery products, and it’s expected to fuel the market’s growth as demand for these products is increasing annually.
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Nata De Coco Market: Competitive Landscape
The global Nata de coco industry is consolidated and highly competitive. Key players in the industry are innovating new products to fuel the growth of their industry.Some of the players in the industry are;
- F&N Magnolia
- Nata De Coco Manufacturing Sdn Bhd (NDC)
- The Prachuab Fruit Canning Co., Ltd. (Praft)
- Happy Alliance Sdn Bhd.
- Captain Dolphin Marketing (M) Sdn. Bhd.
- Jeram Coconut Sdn. Bhd.
- Choke Mahachai Beverage Co., Ltd.
- Mogu Mogu Manila
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Nata De Coco Market Segment Analysis
The global Nata de coco industry can be segmented on the following basis:
By End Product
- Beverages & Syrups
- Ice Cream
- Confectionery
- Jellies
- Dessert
By Distribution Channel
- Convenience Store
- Retailer
- Online
- Supermarket/Hypermarket
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