Coconut Crushers Market Forecast and CAGR
According to the latest research by Fact.MR, coconut crushers market is likely to show a rapid growth at a CAGR of 5.2% in the coming 10 years. Millennials have been experiencing diverse changes in their eating patterns. They have started giving up the unhealthy snacks and are now consuming more of natural things that have countless benefits for a human body such as upliftment in mood, good memory, reduced risk of diseases, healthy heart and strong bones and teeth.
Coconut is one such edible product that has innumerable advantages for our body and hair. It comes in the form of water, oil, or raw coconut that helps in weight loss and makes our hair silky and shiny. All these properties are the reasons for its high consumption and has contributed to an upsurge in the demand for coconut which has subsequently increased the requirement of coconut crushers.
What is Driving Demand for Coconut Crushers?
The demand is constantly swelling up due to the increasing consumption by juveniles and adults. The change in their tastes and eating habits is making the switch from unhealthy food to healthy ones. This increasing awareness of the health benefits derived from coconut is impacting the demand for the same.
Coconut can be consumed in the form of water, oil, or dry coconut which proves to be advantageous to avoid various problems like cholesterol, diabetes, bladder stones and helps in promoting weight loss. People have replaced packed juices with coconut water and started using raw coconut as an ingredient while cooking dishes. Coconut oil is applied to the skin and hair to give them a glow and keep them healthy, avoiding the possibility of hair loss.
Due to this, a crusher can be used in order to grate or scrape a coconut to either eat it dry or use it as an ingredient or as a dressing in different dishes. All these are important drivers in the market, that in one way or the other positively affect the demand for coconut crushers.
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Covid-19 Impact on Global Coconut Crushers Market
A huge impact of the covid-19 pandemic is seen across different industries in the world. This impact has shaken the economy and caused a disturbance in the equilibrium. Having seen the negative impact for a long time, now the economy is coping up with the changes and getting better day by day.
This has created a havoc in every part of the world and the whole economy is suffering and facing its consequences which were dreadful in Q2 2020. But since Q4 2020 a lot of improvements have been seen. The economy is getting back its pace and growth and development in different sectors is being observed.
Nowadays, people are becoming health conscious due to the spread of viruses and different diseases. They are shifting their focus towards consuming things that are 100% natural and has no scope of adulteration. This will help boost the immune system which will aid in fighting with such diseases.
This is the main reason that the demand for coconut is shooting up, resulting in an increase in the demand for crushers even during this pandemic.
Global Coconut Crushers Market Geographical Outlook
The demand for coconut crushers has been monitored for six eminent regions including North America, Latin America, Europe, East-Asia, South-Asia and Middle-East & Africa.
The Asia Pacific holds a sizeable share in the market which makes it the dominant region out of all these. Countries like India, where the supply of coconut is in abundance, specifically South India have contributed much to increase the revenue in the regional market.
Indonesia and the Philippines are few such countries that show the maximum consumption of coconut when compared to every other country. These are expected to grow at a faster rate due to high consumption of coconut in this region.
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Who are the Key Manufacturers of the Coconut Crushers Market?
There are different leading manufacturers in this market such as
- Nits and Nats
- Trident engineers
- Elgi Ultra
- DRS Home Equipments.
The above-mentioned manufacturers have been adapting to the changing scenario of health concerned people and have increased their supply in the market to meet their demand.
This has become possible due to the various strategies adopted by them which includes product innovation, partnerships and expansions. With the help of such strategies, they are now able to expand their operation and gain a higher market share.
Coconut Crushers Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
- Mini Crusher
- Standing crusher
- Portable crusher
By Sales Channel
- Online distribution
- Offline distribution
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of FACT.MR.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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