The global desiccated coconut market was valued at USD 1,297.55 million in 2024 and is expected to grow from USD 1,422.68 million in 2025 to USD 2,781.38 million by 2032, reflecting a CAGR of 10.05% during the forecast period. Asia Pacific dominated the market in 2024, accounting for 38.76% of the global share.

Desiccated coconut is a form of dehydrated and finely grated coconut kernel derived from the white flesh of the fruit after removing the brown testa or outer skin. Its wide-ranging applications in bakery, confectionery, snacks, and beverages have significantly boosted global demand. The product’s high nutritional value, extended shelf life, and low moisture content make it a preferred choice across both industrial food processing and household segments.

Some of the major companies operating in the global market include Goldman International Pvt. Ltd, Super Coco Company, Holland & Barrett, Primex Coco Products Inc., and Pacific Eastern Coconut Utama.

Information Source: https://www.fortunebusinessinsights.com/desiccated-coconut-market-113819

Market Trends

Rising Popularity of Vegan and Plant-Based Diets Driving Demand

The global rise in veganism and plant-based food consumption has become a major catalyst for desiccated coconut market growth. Consumers across regions such as North America and Europe are increasingly shifting toward animal-free food alternatives for ethical, environmental, and health reasons.

Desiccated coconut naturally aligns with this shift, serving as a nutrient-rich, allergen-free, and plant-based ingredient suitable for vegan food formulations. Its use in dairy alternatives, baked products, and functional foods continues to expand as consumers seek healthier, sustainable, and cruelty-free food options. This growing adoption of vegan lifestyles is anticipated to sustain strong demand for desiccated coconut over the coming years.

Segmentation Analysis

The global market is segmented by nature into organic and conventional, with the conventional category expected to dominate due to its lower cost and greater availability. Based on form, the market includes powder, flakes, and chips, among which the powder segment leads owing to its fine texture and ease of incorporation in food processing. By application, the market is divided into bakery, confectionery, dairy products, frozen desserts, and others, with the bakery segment holding the largest share as a result of its growing use in improving product texture and flavor.

Regional Insights

The global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

• Asia Pacific:The region dominates the global market as a major producer and exporter of desiccated coconut. The Philippines, Indonesia, and India account for the majority of global supply. According to the International Coconut Community, the Philippines exported 41,854 metric tons of desiccated coconut in 2024, marking a 20.8% year-over-year increase from 2023.
• Europe:Europe remains the largest importer of desiccated coconut globally. Data from the Centre for the Promotion of Imports from Developing Countries (CBI) shows that European imports reached 121,000 tons in 2022, reflecting rising demand for plant-based and natural ingredients across food and beverage industries.
• North America:The U.S. market continues to expand as desiccated coconut gains traction across multiple food categories. According to the Good Food Institute, U.S. plant-based food sales increased from USD 8 billion in 2022 to USD 8.1 billion in 2023, signaling strong demand for coconut-based alternatives.
• South America and the Middle East & Africa:These regions are witnessing emerging demand due to growing awareness of vegan diets, expanding bakery industries, and an increasing preference for tropical ingredients in food manufacturing.

Key Companies Profiled

• Goldman International Pvt. Ltd (India)
• Super Coco Company (India)