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

Global Copra Cake Market Insights Forecasts to 2033

• The Global Copra Cake Market Size was Estimated at USD 643 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.00% from 2023 to 2033
• The Worldwide Copra Cake Market Size is Expected to Reach USD 1152 Million by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Copra Cake Market Size is Expected to cross USD 1152 Million by 2033, Growing at a CAGR of 6.00% from 2023 to 2033.

Market Overview

The global copra cake market refers to the international trade and consumption of copra cake, which is a byproduct of the extraction of oil from dried coconut kernels. Copra cake, also known as coconut meal or copra meal, is high in fiber and protein, making it a popular ingredient in animal feed, particularly for cattle, pigs, and poultry. Its nutrient content makes it suitable for use in organic fertilizers. The global copra cake market offers significant opportunities, driven by rising demand for high-protein, low-cost animal feed, particularly in emerging economies with expanding livestock sectors. Increased awareness of sustainable and organic farming practices promotes the use of copra cake in natural fertilizers. Furthermore, rising coconut oil production, particularly in the Philippines, Indonesia, and India, ensures a consistent supply of copra cake for export and industrial purposes. Innovations in feed formulation and trade network expansion are also helping to boost the market, opening up new opportunities for manufacturers and exporters to enter global feed and agricultural markets.

Report Coverage

This research report categorizes the copra cake market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the copra cake market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the copra cake market.

Driving Factors

The global copra cake market is driven by a steady increase in coconut oil production, which has a direct impact on the availability of copra cake as a byproduct. Another major driver is the growing global demand for natural and plant-based animal feed ingredients, which is being driven by a move away from synthetic additives and genetically modified components. Furthermore, the expansion of the livestock and poultry industries, particularly in Asia-Pacific and Latin America, has increased the demand for cost-effective and nutritious feed solutions. Regulatory support for sustainable agriculture and waste utilization promotes the use of copra cake in feed and fertilizer applications.

Restraining Factors

The global copra cake market is constrained by factors such as inconsistent supply due to climate-induced fluctuations in coconut production. Limited awareness and acceptance of copra cake in non-traditional markets also impede growth. High transportation costs and perishability limit export opportunities. Furthermore, competition from alternative feed ingredients such as soybean meal may limit market growth.

Market Segmentation

The copra cake market share is classified into product type and application.   

• The conventional copra cake segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

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 greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Conventional copra cake provides a consistent protein and fiber source for cattle, poultry, and pigs, making it a common ingredient in animal feed formulations. Its consistent supply, which is fueled by mass coconut oil production, enables large-scale procurement and feed blending.

• The animal feed segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable 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 accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe. This dominance is largely due to the rising demand for high-protein, plant-based feed ingredients in the livestock and poultry industries. Copra cake is widely used as a cost-effective and nutritious feed component, particularly in developing countries such as Southeast Asia, Africa, and South America, where livestock farming is important for the economy.

Regional Segment Analysis of the Copra Cake Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the copra cake market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the copra cake market over the predicted timeframe. This is due to the region's strong presence in coconut cultivation and processing, particularly in countries such as the Philippines, Indonesia, India, and Sri Lanka, which rank among the world's top coconut producers. These countries produce a lot of copra, which leads to an abundance of copra cake as a byproduct. Furthermore, the region has a high concentration of livestock and poultry farming, which increases demand for low-cost, protein-rich animal feed ingredients. Favorable climatic conditions, supportive government policies, and increased investment in agricultural infrastructure all contribute to Asia Pacific's dominant market position.

North America is expected to grow at the fastest CAGR growth of the copra cake market during the forecast period. This is due to growing demand for sustainable 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 viable solution. Furthermore, the growth of the livestock and dairy industries, particularly in the United States and Canada, is increasing demand for high-quality feed ingredients. Import dependency, combined with improved trade relations with Asia-Pacific suppliers, is contributing to the market's rapid growth in North America.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the copra cake market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• 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