Nata De Coco Market Is Anticipated To Reach USD 0.1386 Billion By 2032
Research Reports
Jul 12, 2023
Market Research Future Insights
According to MRFR analysis, the global Nata de Coco market is expected to register a CAGR of 6.30% from 2023 to 2032 and hold a value of over USD 0.1386 billion by 2032.
The Nata de Coco market refers to the industry involved in the production, distribution, and sale of Nata de Coco, a chewy, translucent dessert made from fermented coconut water. Nata de Coco is a popular ingredient used in various food and beverage applications, including desserts, beverages, ice cream, and snacks. The COVID-19 pandemic has had an impact on the Nata de Coco market, primarily due to disruptions in the supply chain, changes in consumer behavior, and shifts in the foodservice industry. During the initial stages of the pandemic, lockdowns and restrictions on transportation and trade adversely affected the availability of raw materials and the distribution of Nata de Coco products. This resulted in supply chain disruptions and temporary shortages in certain regions.
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Key Players
Some of the market key players are Nata De Coco Manufacturing Sdn Bhd (Malaysia), Happy Alliance (M) Sdn Bhd (Malaysia), Schmecken Agro Food Products (India), Hainan Yeguo Foods Co. Ltd. (China), Siva foods (India), Shireli Manufacturing (Philippines), and HTK Foods (Viet Nam)
Market Segmentation
The Global Nata de Coco market has been segmented into Product, Application, Packaging and Distribution Channel
Based on Product: Juice Drink, Jelly Drink, Jelly, Pudding and Others
Based on Application: Food and Beverages, Cosmetics, Pharmaceutical and Others
Based on Packaging: Bottle, Can, Box, Sachet, Cup and Others
Based on Distribution Channel: Supermarket, Hypermarket, Convenience Shop, E-Commerce and Others
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Regional Analysis
Southeast Asia, particularly the Philippines, Indonesia, and Thailand, is a prominent producer and consumer of Nata de Coco. These countries have a long history of Nata de Coco production and consumption, with the dessert being a popular ingredient in local cuisines. In these regions, Nata de Coco is commonly used in desserts like halo-halo (a Filipino dessert), ice creams, and fruit salads. East Asia, including countries like Japan, South Korea, and Taiwan, also has a strong market for Nata de Coco. In Japan, Nata de Coco is used as a topping in various desserts and beverages, while in South Korea, it is commonly found in bingsu (shaved ice desserts) and fruit cocktails. North America, particularly the United States and Canada, represents a growing market for Nata de Coco. The increasing diversity in culinary preferences and the popularity of fusion cuisine have contributed to the demand for unique and exotic ingredients like Nata de Coco. Nata de Coco is used in various dessert recipes, bubble teas, and fruit-based beverages. Other regions, such as Europe and Australia, also have a niche market for Nata de Coco, driven by the multicultural population and the increasing popularity of Asian cuisine.
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