Nata De Coco Market Size, SWOT analysis and Key Business Strategies, Demand & Forecast – 2027
Global Nata de coco Market – Overview
Nata de coco is a traditional
Phillipine dessert which is prepared using coconut gel extracted from coconut
juice using bacterial fermentation. There has been stable demand for the
product and the nata de coco segment has huge export potential as it generates
income for the farmers and local dwellers as they are the coconut milk
suppliers.
Nata de coco is perceived as healthy
food owing to the associated nutritional value. The growing demand for natural
and healthy food products is growing rapidly influencing higher demand and
consumption of nata de coco. Evolving consumer’s buying habits, growing
consumers concerns regarding health & the environment along with their
willingness to pay premium price for healthy food products is augmenting the
demand of Nata de coco. Owing to the health benefits associated with Nata de
coco consumption in form of more fiber and less calories has created influx of
demand in the market. Nata de coco contains lot of fiber which helps in
digestion and it gives less calories compared to other desserts in the same
amount. It is also used as an ingredient in coconut cakes, soft drinks, fruit
salad, ice creams and yogurts. Increasing application of nata de coco in
cosmetic products has boosted the demand and it will change the market dynamics
in upcoming years. Informed consumers with clear perceptions and their
willingness to engage in buying healthy goods are some of the elements that
come together and makes the market attractive. The market players have
increased their level of investment in research to identify right formulation
and to improve product functionality in order to capture lion’s share and
create brand recognition in nata
de coco market size.
With the rising disposable income,
consumer’s willingness towards purchase of quality products have increased.
Premiumization is one of the potential opportunities in the market which can
lead to profitability attained by the manufacturers. Multi-spectrum application
sector of Nata de coco, distinctive texture & flavor, and weight loss benefits
spur the market demand. Manufacturers are investing in flavor innovation and
offering products with unique essence and flavor extracts, such as banana,
almond, strawberry, vanilla, orange and other
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Global Nata de coco Market -
Competitive Analysis
Nata de coco market offers huge
growth opportunities for the market players. Companies indulge in competition
and focusing on sourcing quality ingredients, sustainable packaging and
efficiency in production & distribution. Market players are extensively
investing on R&D and marketing activities to leverage on current market
trends. From the last couple of years there had been sudden boom in the export
market of nata de coco. The coconut producing countries began exporting coco
sap sugar to the developed economies such as U.S.
Industry players in the Nata de coco
segment aim at efficient production by using advanced technology, focusing on
production innovation by offering unique flavors to meet the consumer demand
along with integrating the supply chain to cut down the production cost. The
growth potential in the market has attracted new market players to enter in the
Nata de coco segment. The increased internet penetration and social media buzz
has allowed the industrial players to use these forums and create an awareness
and expand the customer base.
With manufacturers aiming to capture
a considerable share of the market segment as early as possible, they are
competing and experimenting with various advantage points from both supply and
demand side. The key market players profiled in Nata de coco 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), and others
Global Nata de coco Market – Segments
The global Nata de coco market has
been divided into shape, type, distribution channel, and region.
On The Basis Of product category:
Pickles, drinks (juice drink & jelly drink), ice cream, puddings, fruit
cocktails and others
On The Basis Of Application: Food,
beverages, cosmetics, pharmaceutical and others
On The Basis of Packaging: Bottle,
can, box, sachet, cup and others
On The Basis of Distribution channel:
Store-based (Hypermarket and supermarket, convenience stores, specialty stores
and others) and Non-store based (e-retailers)
On The Basis Of Region: North
America, Europe, Asia Pacific and ROW.
Global Nata de coco Market - Regional
Analysis
The global Nata de coco market is
segmented into North America, Europe, APAC, and Rest of the World (RoW). Global
Nata de coco market is highly dominated by Asia-Pacific followed by Europe and
Middle East & Africa. Philippines being the origin of Nata de coco and its
increasing use as ingredients while preparing desserts in Asia drives the
growth of the market in Asia-Pacific region. Philippines, Indonesia, and India
are the leading countries producing coconut and its products coupled with
growing demand of iced teas and fruit jellies in South-East Asia further fuels
the demand of Nata de coco. Nata de coco is also widely used as nata mixtures
in various range of soft drinks majorly in tropical regions. Increasing
popularity of desserts and pudding made from nata de coco is playing the
crucial role in increasing demand of nata de coco in Europe and Middle Eastern
countries.
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