The nata de coco market is expected to gain a market value of USD 72 million by 2030 at a CAGR of 6.3% from 2022-2030.
Nata de coco is a refreshing and nourishing drink made from fermented coconut water. The drink was first introduced to the Philippines. It is naturally free of cholesterol, fat, and sugar as it is made of coconut milk, water, sugar cane juice, lime or lemon juice, and acetic acid. Its natural low fat comes from coconut's lipid content.
Consumers are becoming increasingly conscious of their health and are willing to spend more money on products that offer a premium nutritional value. Coconut milk is full of fiber, a nutrient that makes it easier to digest. It is also rich in unsaturated fatty acids, which are good for people with heart disease. The global nata de coco market is expected to rise significantly during the forecast period. Furthermore, nata de coco is finding popularity in the food and beverage industry. There is high revenue expected in a few years all around. Key players in the industry have innovated new products that are expected to attract consumers. Coconut milk is often used as a base for various health-enhancing products. It can be used in making smoothies, dairy drinks, desserts, and even ice cream. There is a growing demand for a range of native coconuts worldwide, which has created a global rise in demand for this product. Coconut water is expected to boost the market enormously during the forecast period. Thus, it is expected that the nata de coco market will develop at a high rate. Coconut juice is at the center of the young, green coconut. Coconut contains 94 % water and very little fat. 250 ml of coconut water contains 9 grams of carbs, 3 grams of fiber, 2 grams of protein, 10% of RDI vitamin C, 15% of RDI magnesium, 17% of RDI Manganese, 17% of RDI Potassium, 11% of RDI sodium and 6% of RDI calcium.
The impact of the COVID-19 pandemic on the global nata de coco market was substantial. Many manufacturers and retailers were closed during the peak of the pandemic due to a lack of workers, raw materials, and insufficient sales of items. The supply chain was also disrupted due to the lockdown, which negatively impacted the market. However, the nata de coco market expanded due to its nutritional value and ease of accessibility. Also, because of its coconut content, which was consumed at a higher rate during the pandemic because of its high nutritional value.
The rising desire for natural and nutritious food products is encouraging increased Nata De Coco Market Share and consumption of nata de coco. The demand for Nata de coco is increasing due to changing consumer buying habits, rising consumer worries about health and the environment, and their willingness to pay a premium price for healthy food goods. The increased Market Size is due to the health benefits connected with Nata de coco intakes, such as more fiber and fewer calories. Nata de coco is high in fiber, which aids digestion, and it contains fewer calories than other desserts in the same amount. The increased use of nata de coco in cosmetics has boosted Market Growth during the Market Analysis, which will influence Market Forecast in the next years. Some of the variables that come together to make the market attractive include informed consumers with clear perceptions and their willingness to engage in buying healthy items. To acquire the lion's share of the nata de coco market and generate brand recognition, market participants have boosted their investment in research to determine the optimum formulation and improve product functionality. These all factors will increase the Nata De Coco Market Trends and Market Value during the Nata De Coco Market Forecast.
The procedure of certifying and branding Nata De Coco goods adheres to extremely strict and demanding requirements, which is stifling the market's expansion. To be certified organic, a product must be composed entirely of substances on the National List of Allowed and Prohibited Substances and must not contain any genetically modified or irradiated components. As a result, adhering to all regulatory standards and meeting certification requirements would hinder the Nata De Coco products industry's growth and market share.
Novel technology is being employed to increase taste and flavor in the Nata De Coco products manufacturing industry. Because of the increased popularity of organic products, the Nata De Coco among customers due to its health benefits, manufacturers are developing new Nata De Coco products with improved flavor and quality utilizing cutting-edge technology and techniques. Manufacturers are experimenting with new techniques to extend the shelf life of their products, such as using natural preservatives and improving flavor till the time of consumption. All of these variables are effective and contribute to the expansion of the Nata De Coco products market trends. In addition, consumption of Nata De Coco products is fast increasing in emerging economies, which could help Nata De Coco ingredient makers.
The Nata De Coco Market is further bifurcated into various segments that will help the market grow as per the predicted CAGR growth and prove the Nata De Coco Market forecast true by the end of the forecast period in 2030. The market has been segmented based on the product category, application, packaging, distribution channel, and region. Segmentation is described as follows:
Based on the product category, the market has been segmented as follows:
Based on the application, the market has been segmented as follows:
Based on the packaging, the market has been segmented as follows:
Based on the distribution channel, the market has been segmented as follows:
Based on the region, the market has been segmented as follows:
Rest of the World (RoW)
The global nata de coco market is divided into four regions: North America, Europe, Asia Pacific, and the rest of the world (ROW). Among them, Asia Pacific holds the largest market share, followed by Europe. The rising production of coconut-based products in Malaysia, Thailand, and Indonesia are driving Asia Pacific nata de coco market growth. The Philippines is the home of Nata de coco, and its rising use as a component in Asian desserts is driving market expansion in the Asia-Pacific region. The Philippines, Indonesia, and India are the largest producers of coconut and related products, and the growing demand for iced teas and fruit jellies in South-East Asia stimulates demand for Nata de coco. Nata de coco is also commonly used as a nata blend in a variety of soft beverages, particularly in tropical climates. The growing popularity of desserts and puddings produced from nata de coco is driving up demand for nata de coco in Europe and the Middle East.
The nata de coco industry has enormous potential opportunities for market participants. Companies compete by concentrating on acquiring quality products, sustainable packaging, and production and delivery efficiency. Market participants are heavily investing in R&D and marketing operations to capitalize on current market trends. Manufacturers are competing and experimenting with various supply and demand advantage points to gain a significant portion of the market sector as soon as possible. The market players in the Nata De Coco Market are as follows:
The research contains detailed data on developing trends, market drivers, development opportunities, and restraints that can alter the industry's market dynamics. It offers a thorough examination of the market segments, which encompass several segments and subsegments. Nata De Coco Market research study provides a close look at the leading competitors, as well as strategic analysis for the forecast term. The research also examines significant actors, big collaborations, mergers, and acquisitions, as well as trending innovation and corporate policies.
|Market Size||USD 72 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Category, Application, Packaging, Distribution Channel, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), HTK Foods (Viet Nam)|
|Key Market Opportunities||The increased use of nata de coco in cosmetics|
|Key Market Drivers||Rising desire for natural and nutritious food products, Changing consumer buying habits, Rising consumer worries about health|
Nata de coco is an organic food product made from coconut milk, coconut water, sugar, and acetic acid.
Major product types in the nata de coco market include juice drink, jelly drink, jelly, pudding, and others.
Key players in the market include 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), HTK Foods (Viet Nam)
Asia Pacific is the major regional market for nata de coco due to the growing production of coconuts in Southeast Asia.
The growing demand for nata de coco as a healthy food free from cholesterol is the key driver for the global nata de coco market.