PUBLISHER: Grand View Research | PRODUCT CODE: 1575151
PUBLISHER: Grand View Research | PRODUCT CODE: 1575151
The global nata de coco market size is estimated to reach USD 4.49 billion by 2030, growing at a CAGR of 3.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Nata de coco's versatility allows it to be used in a wide range of food products, including desserts, fruit salads, yogurt, and bakery items. Its ability to add texture and volume without significantly altering the taste or caloric content of food has made it a popular choice in the food processing industry. The increasing demand for texture-modifying ingredients in food applications has driven its inclusion in various product lines.
In the bakery industry, nata de coco is often used as a topping for cakes and pastries, while in the dairy sector, it is commonly added to yogurts and smoothies for a unique, chewy texture. These applications appeal to consumers who are looking for variety and sensory experiences in their food. Moreover, the growing demand for plant-based and vegetarian food products also plays a role in expanding nata de coco's application in the food industry. As a plant-based product derived from coconut water, it fits well into the rising trend of vegetarian, vegan, and clean-label products. Many consumers are opting for natural, plant-based alternatives to traditional gelatin and other animal-derived ingredients, and nata de coco presents a viable option for this demographic.
The increasing interest in exotic and functional foods among Western consumers has created opportunities for nata de coco in these markets. The growing demand for Asian cuisine, particularly in countries like the U.S. and the U.K., has further driven its adoption. Asian food products, including nata de coco, have gained popularity due to their perceived health benefits and unique flavors. This has led to the expansion of nata de coco products in international markets through both ethnic food channels and mainstream retailers.
The shift toward organic and natural food products has been a significant driver in the nata de coco market. Consumers are becoming more concerned about the origins of their food and are increasingly seeking products that are free from artificial additives, preservatives, and genetically modified organisms (GMOs). Moreover, organic nata de coco produced without synthetic chemicals or fertilizers, is gaining popularity, particularly among health-conscious consumers and those following an organic lifestyle. Manufacturers are capitalizing on this trend by offering organic-certified nata de coco products, especially in premium markets like North America and Europe.
Major players in the nata de coco market include Happy Alliance Sdn Bhd., Del Monte Asia Pte Ltd., HTK CO., LTD., Nata Food Manufacturing Sdn Bhd, Prosper Foods Industry, Ltd., PT. Denikin Industri Nusantara, The Tea Planet, VIET DELTA CORPORATION, PT Pulau Sambu (Kara), and Nata Nutrico. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain more share of the market.