Coconut Shell Powder Market Size to Grow $588.4 Million by 2031, at 7.3% and top key players

According to a new report published by Allied Market Research, titled, "Coconut Shell Powder Market," The coconut shell powder market was valued at $286.70 million in 2021, and is estimated to reach $588.4 million by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

Coconut shell powder is made from the most organic and versatile part of the coconut - the shell. In general, coconut shell is known for its high toughness, excellent durability, increased abrasion resistance, and longer life. The shell's chemical composition is similar to that of hard wood, with the exception of higher lignin and lower cellulose content.

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Leading Key Players:

The players operating in the coconut shell powder industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, remain competitive in the market, and gain coconut shell powder market opportunities. The key players profiled in coconut shell powder industry include New Century Vietnam Organic Company Ltd., OHM Trishul Bio Process, Rich Moon Co., Ltd, Vijayanagar Food & Nutraceuticals Pvt. Ltd., VietDelta Ltd., Coco Green (Pvt) Ltd., Coco Land Lanka (Pvt) Ltd., Consarc (Pvt) Ltd., Gournish Traders, Umang Pharmatech Pvt. Ltd., and Bali Coco.

Segmentation:

The coconut shell powder market is segmented into mesh size, application, sales channel, and region. On the basis of mesh size, the market is categorized into 80 - 100 Mesh and 200 - 300 Mesh. As per application, it is segregated into insect repellent, activated carbon, extender and filler, absorbent, and others. According to sales channel, it is segmented into offline and online. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Spain, Italy, Netherlands, Germany, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Indonesia, Philippines, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).

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Key findings of study

-> The coconut shell powder market size was valued at $286.7 million in 2021, and is estimated to reach $588.4 million by 2031, growing at a CAGR of 7.6% during the forecast period.
-> In 2021, depending on application, the activated carbon segment was valued at $66.6 million, accounting for 23.2% of the global coconut shell powder market share.
-> In 2021, depending on sales channel, the offline segment was valued at $209.0 million and is expected to grow at a CAGR of 7.4%.
-> In 2021, the U.S. was the most prominent market in North America, and is projected to reach $80.3 million by 2031, growing at a CAGR of 6.3% during the forecast period

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According to the coconut shell powder market analysis, region wise, Asia-pacific has been gaining a significant share in the global coconut shell powder market size and is expected its share throughout coconut shell powder market forecast period. Rapid industrial expansion in the region and growing use of coconut shell powder as an absorbent in water treatment activities in the production of activated carbon with further multiple applications in industries are likely to supplement the Asia-Pacific coconut shell powder market growth during the forecast period.

Check out more related studies published by AMR Research:

Coconut Sugar Market - https://www.globenewswire.com/en/news-release/2022/11/04/2548944/0/en/Global-Coconut-Sugar-Market-Is-Expected-to-Generate-408-7-Million-by-2031-Allied-Market-Research.html

Ashwagandha Extract Market - https://www.einpresswire.com/article/595924797/ashwagandha-extract-market-expected-to-reach-by-2031-drivers-trends-analysis-from-2022-2031

Feed Premix Market - https://www.openpr.com/news/2848522/feed-premix-market-expected-to-reach-11-4-billion-by-2031

Nutraceutical Ingredients Market- https://www.prnewswire.com/news-releases/nutraceutical-ingredients-market-to-reach-327-3-billion-globally-by-2031-at-7-3-cagr-allied-market-research-301649480.html

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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