Global Copra Cake Market Size To Worth USD 1152 Million By 2033 | CAGR of 6.00%
Category: AgricultureGlobal Copra Cake Market Size To Worth USD 1152 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Copra Cake Market Size is Expected to Grow from USD 643 Million in 2023 to USD 1152 Million by 2033, at a CAGR of 6.00% during the forecast period 2023-2033.
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Browse key industry insights spread across 234 pages with 110 Market data tables and figures & charts from the report on the "Global Copra Cake Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic Copra Cake, Conventional Copra Cake, and Others), By Application (Animal Feed, Fertilizers, Biofuel, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/copra-cake-market
The global copra cake market refers to the international trade and consumption of copra cake, a byproduct of the oil extraction process from dried coconut kernels. Copra cake, also known as coconut meal or copra meal, is high in fiber and protein, making it a popular animal feed ingredient, especially for cattle, pigs, and poultry. Its nutrient content makes it ideal for use in organic fertilizers. The global copra cake market is being driven by a consistent increase in coconut oil production, which directly affects the availability of copra cake as a byproduct. Another major driver is the rising global demand for natural and plant-based animal feed ingredients, which is being fueled by a shift away from synthetic additives and genetically modified components. However, limited awareness and acceptance of copra cake in non-traditional markets further impedes growth. High transportation costs and perishability limit export options.
The conventional copra cake segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product type, the copra cake market is divided into organic copra cake, conventional copra cake, and others. Among these, the conventional copra cake segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Conventional copra cake is a reliable protein and fiber source for cattle, poultry, and pigs, making it a popular ingredient in animal feed formulations.
The animal feed segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the copra cake market is divided into animal feed, fertilizers, biofuel, and others. Among these, the animal feed segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Copra cake is widely used as a low-cost and nutritious feed component, especially in developing countries like Southeast Asia, Africa, and South America, where livestock farming is critical to the economy.
Asia Pacific is estimated to hold the largest share of the copra cake market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the copra cake market over the forecast period. This is due to the region's strong presence in coconut cultivation and processing, particularly in countries like the Philippines, Indonesia, India, and Sri Lanka, which are among the world's leading coconut producers. These countries produce a large amount of copra, which results in an abundance of copra cake as a byproduct. Furthermore, the region has a high concentration of livestock and poultry farming, which drives up demand for low-cost, protein-rich animal feed ingredients.
North America is predicted to have the fastest CAGR growth in the copra cake market over the forecast period. This is due to rising demand for environmentally friendly and plant-based animal feed alternatives, as well as increased awareness of organic farming practices. The region's growing emphasis on environmentally friendly agriculture and the use of natural fertilizers has sparked interest in copra cake as a potential solution. Furthermore, the expansion of the livestock and dairy industries, particularly in the United States and Canada, drives up demand for high-quality feed ingredients.
Major key players in the copra cake market include Ruchi Soya Industries Limited, PT Indofood Sukses Makmur Tbk, ADM Animal Nutrition, Cargill, Incorporated, Samar Coco Products Manufacturing Corporation, CIIF Oil Mills Group, PT Sari Mas Permai, Olam International, Marico Limited, Tantuco Enterprises, Inc., Primex Group of Companies, Wilmar International Limited, Bunge Limited, Greenville Agro Corporation, and Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the copra cake market based on the below-mentioned segments:
Global Copra Cake Market, By Product Type
- Organic Copra Cake
- Conventional Copra Cake
- Others
Global Copra Cake Market, By Application
- Animal Feed
- Fertilizers
- Biofuel
- Others
Global Copra Cake Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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