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The copra meal market share is expected to increase by USD 3212.27 thousand from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.71%.
This copra meal market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers copra meal market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The copra meal (coconut meal) market report also offers information on several market vendors, including CIIF OMG, Feedipedia, Greenville Agro Corp., Kalpataru, KERAFED, TANTUCO ENTERPRISES, INC., PRIMA INDUSTRIES LTD., Primex Group, PT Harvard Cocopro, PT. Golden Union Oil, Samar Coco Products Manufacturing Corp., SC Global Developments Pte Ltd., SUMATERA BARU, and Philippine International Development, Inc.
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The increasing meat production and consumption is notably driving the copra meal market growth, although factors such as growing demand for feed enzymes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the copra meal industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Copra Meal Market Driver
The increasing meat production and consumption is one of the factors driving the copra meal market growth. In most regions, a lack of arable land limits livestock growth in extensive production systems. Therefore, most of the increase in production will come from increased productivity, intensification, and wider adoption of better marketing technologies. Significantly, a major trend in livestock production has been the growth of vertically integrated and intensive establishments close to large urban centers, particularly in pork and poultry meat production in East Asia and South America and broiler meat production in South Asia. For instance, China is the world's largest producer and consumer of pork. Therefore, key competitors are producing a large amount of copra meal to meet the livestock nutritional requirements, which will result in significant growth in the market during the forecast period.
Key Copra Meal Market Trend
The emergence of private-label brands is one of the key copra meal (coconut meal) market trends fueling the market growth. Private-label brand products are manufactured and sold by retailers. In view of this, major retailers across the globe are coming up with their own brands of copra meals. During the past decade, the private-label product segment has grown in terms of scope and size. Unlike branded products, private-label products are priced less. Thus, price-sensitive consumers are more likely to purchase private-label products. Thus, the increasing demand for private label brands will subsequently fuel the market growth during the forecast period.
Key Copra Meal Market Challenge
Growing demand for feed enzymes is one of the key factors challenging the copra meal market growth. The increase in demand for meat, seafood, and dairy products are influencing producers to purchase feed that has added growth promoters and performance-enhancing ingredients to increase their livestock production and productivity. Moreover, the feed enzymes are gaining significance as it helps in better feed conversion by the livestock, improve the rate of biochemical reactions and feed quality, and contribute to animal welfare. These enzymes are added to stock feed meant for pigs, poultry, cattle, and aqua to enhance their production efficiency. Such factors may challenge the market growth in the forecasted period.
This copra meal market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global copra meal (coconut meal) market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the copra meal market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the copra meal market encompasses successful business strategies deployed by the key vendors. The copra meal market is concentrated and the vendors are deploying growth strategies such as price, quality, innovation, reputation, and distribution to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The coconut meal market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the coconut meal market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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51% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the coconut meal market in APAC. Market growth in this region will be faster than the growth of the market in South America.
The growing meat production will facilitate the copra meal market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 negatively impacted the regional market. However, in 2021, the region is gradually propelling its economic activities and simultaneously conducting large-scale vaccination drives, which is further supporting the growth of the regional economy. This is expected to further boost the growth of the regional livestock activities and, consequently, drive the market during the forecast period.
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The copra meal market share growth by the offline segment will be significant during the forecast period. The offline distribution channel includes various department stores, such as hypermarkets, supermarkets, and convenience stores. Furthermore, consumers prefer buying copra meals from department stores as they offer a large portfolio of products and provide consumers with the required information and support. These stores are also staffed by customer service personnel who offer advice on choosing a product. Hence, such factors will propel the offline segment of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the coconut meal market size and actionable market insights on post COVID-19 impact on each segment.
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Copra Meal Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.71% |
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Market growth 2022-2026 |
$ 3212.27 th |
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Market structure |
Concentrated |
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YoY growth (%) |
3.23 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 51% |
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Key consumer countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
CIIF OMG, Feedipedia, Greenville Agro Corp., Kalpataru, KERAFED, TANTUCO ENTERPRISES, INC., PRIMA INDUSTRIES LTD., Primex Group, PT Harvard Cocopro, PT. Golden Union Oil, Samar Coco Products Manufacturing Corp., SC Global Developments Pte Ltd., SUMATERA BARU, and Philippine International Development, Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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