The projected value of the Global Coconut Milk for Animal Feed Market is expected to reach USD 1,391.2 Million by 2030. The growth of the Coconut Milk for Animal Feed Market is driven by the increasing popularity of healthier alternatives to cow and other animal milk products. Furthermore, the market is propelled by the various health benefits associated with using coconut milk in food, beverages, and personal care products. The demand for bio-based cosmetics is also on the rise, creating new opportunities for market growth. Additionally, the prevalence of obesity, chronic diseases like diabetes and heart diseases, and other health-related concerns is anticipated to drive the demand for coconut milk in the foreseeable future.
The report also extensively covers important factors and topics such as coconut milk nutrition, coconut milk calories, coconut milk cholesterol, coconut milk recipes, coconut milk for hair, as well as alternative additives like oat milk, silk almond milk, soy milk, skim milk, cow milk, sweetened coconut milk nutrition, unsweetened coconut milk nutrition, unsweetened vanilla almond milk nutrition, coconut cream nutrition, and canned coconut milk calories. These factors and topics have had a significant influence on the market growth and are thoroughly discussed in the report.
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Top Companies Operating in the Global Coconut Milk for Animal Feed Market Report:
Anthony’s Goods, Bramble Berry Inc., Enerhealth, King Arthur Flour Company, Inc., Nestlé Inc., Grace Foods Canada Inc., Thai Agri Foods, MS Food Industries, Celebes Coconut Corporation, and Fresh Fruit Ingredients Inc.
Further key findings from the report suggest
- The growing cosmetic demand due to its highly competitive nature is encouraging manufacturers to introduce new and innovative cosmetics, which, in turn, is contributing to the accelerated growth of this segment.
- An increase in awareness amongst health-conscious people for the use of coconut milk due to its high nutritional attributes is driving the market demand. Therefore, a significant contributor to the consumption of coconut sugar is the mineral composition, which generated significant revenue for the market.
- Coconut milk is quite healthier owing to its nutritional attributes, which include Vitamin C, minerals such as potassium, iron, zinc, and phosphorus, and phytonutrients such as flavonoids, antioxidants, polyphenols, and anthocyanidin.
- In October 2019, Nutiva launched Organic MCT Creamer, a powdered, plant-based creamer packed with the benefits of medium-chain triglycerides (MCTs). It is crafted with Nutiva Organic MCT Powder, coconut milk powder, and a touch of coconut sugar.
- In August 2019, Cambridge Commodities Limited (CCL) acquired Earth Circle intending to expand the Cambridge footprint into the American market, focusing on organic superfoods and coconut-based products to combine and complement the vast ingredients at Cambridge Commodities.
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The global Coconut Milk for Animal Feed Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Nutritional components Outlook (Revenue, USD Million; 2019 – 2030)
- Vitamin C
- Minerals
- Phytonutrients
Form Outlook (Revenue, USD Million; 2019 – 2030)
- Powder
- Liquid
Packaging Outlook (Revenue, USD Million; 2019 – 2030)
- Plastic bottles
- Tetra packs
- Cans
End-use Verticals Outlook (Revenue, USD Million; 2019 – 2030)
- Personal Care Pharmaceuticals
- Household Food Products
- Nutraceuticals Supplements
- Infant Formulas
- Animal Feed
- Others
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