Market Size of Copra Meal Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.35 Million |
| Market Size (2029) | USD 4.17 Million |
| CAGR (2024 - 2029) | 4.43 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Copra Meal Market Analysis
The Copra Meal Market size is estimated at USD 3.35 million in 2024, and is expected to reach USD 4.17 million by 2029, growing at a CAGR of 4.43% during the forecast period (2024-2029).
- Copra is the by-product of coconut oil extraction and is mostly grown in coastal areas. Therefore, Asia-Pacific is the largest region in the world concerning the copra meal market, as coconut palm production was more in those countries.
- The global pandemic, coupled with the Russia-Ukraine war, significantly worsened logistical movement and restricted the availability and supply of feed ingredients, which resulted in an upsurge in the prices of these commodities in the global market. Therefore, protein-enriched copra meal (PECM) is being evaluated as a possible substitute for imported soybean-based feed for hogs and poultry by the Department of Agriculture. It offers great advantages and benefits to feed manufacturers, animal producers, and meat consumers, especially during this time of high food prices.
- Globally, there is an increasing demand for animal-sourced products such as meat, eggs, and milk compared to plant-originated foods such as cereals. The demand for these animal products requires alternative meals such as copra meal to boost its production, thereby stimulating the copra meal growth in the animal feed market.
Copra Meal Industry Segmentation
Copra meal is 100% natural animal feed and has a sweet aroma taste along with the coconut flavor. It is a mixture of 10-15% coconut oil or fat content and is considered to be high-value animal feed.
The copra meal market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Africa. A detailed analysis of the production (volume), consumption (value and volume), imports (value and volume), and exports (value and volume), along with pricing, has been provided in the report.
The report offers market estimation and forecasts in value (USD) and volume (metric ton) for the above-mentioned segments.
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Copra Meal Market Size Summary
The copra meal market is poised for growth, driven by its role as a vital feed ingredient in animal nutrition, particularly in the Asia-Pacific region, where coconut palm production is abundant. As a by-product of coconut oil extraction, copra meal is rich in protein and fiber, making it an essential component for enhancing animal feed. The increasing global demand for animal-sourced products such as meat, eggs, and milk is propelling the need for alternative feed ingredients like copra meal. This demand is further fueled by the rising health consciousness and disposable income in developing countries, which has created significant opportunities for copra meal producers to expand their market presence.
The market dynamics have been influenced by global events such as the pandemic and geopolitical tensions, which have disrupted supply chains and increased feed ingredient prices. In response, copra meal is being explored as a substitute for imported soybean-based feed, offering cost-effective benefits to feed manufacturers and animal producers. The feed industry, particularly in Asia-Pacific, is experiencing rapid growth due to the high consumption of meat and the need for efficient feed solutions to boost animal protein production. With supportive government policies and price incentives in countries like Papua New Guinea and India, the copra meal market is expected to continue its upward trajectory, leveraging the region's abundant coconut production and the growing livestock industry.
Copra Meal Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.1.1 Production Analysis
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2.1.1.1.2 Consumption Analysis
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2.1.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.1.5 Price Trend Analysis
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2.1.1.2 Canada
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2.1.1.2.1 Production Analysis
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2.1.1.2.2 Consumption Analysis
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2.1.1.2.3 Import Market Analysis (Volume and Value)
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2.1.1.2.4 Export Market Analysis (Volume and Value)
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2.1.1.2.5 Price Trend Analysis
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2.1.1.3 Mexico
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2.1.1.3.1 Production Analysis
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2.1.1.3.2 Consumption Analysis
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2.1.1.3.3 Import Market Analysis (Volume and Value)
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2.1.1.3.4 Export Market Analysis (Volume and Value)
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2.1.1.3.5 Price Trend Analysis
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2.1.2 Europe
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2.1.2.1 Germany
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2.1.2.1.1 Production Analysis
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2.1.2.1.2 Consumption Analysis
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2.1.2.1.3 Import Market Analysis (Volume and Value)
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2.1.2.1.4 Export Market Analysis (Volume and Value)
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2.1.2.1.5 Price Trend Analysis
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2.1.2.2 United Kingdom
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2.1.2.2.1 Production Analysis
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2.1.2.2.2 Consumption Analysis
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2.1.2.2.3 Import Market Analysis (Volume and Value)
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2.1.2.2.4 Export Market Analysis (Volume and Value)
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2.1.2.2.5 Price Trend Analysis
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2.1.2.3 France
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2.1.2.3.1 Production Analysis
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2.1.2.3.2 Consumption Analysis
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2.1.2.3.3 Import Market Analysis (Volume and Value)
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2.1.2.3.4 Export Market Analysis (Volume and Value)
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2.1.2.3.5 Price Trend Analysis
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2.1.2.4 Spain
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2.1.2.4.1 Production Analysis
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2.1.2.4.2 Consumption Analysis
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2.1.2.4.3 Import Market Analysis (Volume and Value)
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2.1.2.4.4 Export Market Analysis (Volume and Value)
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2.1.2.4.5 Price Trend Analysis
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2.1.3 Asia Pacific
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2.1.3.1 China
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2.1.3.1.1 Production Analysis
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2.1.3.1.2 Consumption Analysis
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2.1.3.1.3 Import Market Analysis (Volume and Value)
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2.1.3.1.4 Export Market Analysis (Volume and Value)
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2.1.3.1.5 Price Trend Analysis
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2.1.3.2 Japan
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2.1.3.2.1 Production Analysis
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2.1.3.2.2 Consumption Analysis
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2.1.3.2.3 Import Market Analysis (Volume and Value)
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2.1.3.2.4 Export Market Analysis (Volume and Value)
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2.1.3.2.5 Price Trend Analysis
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2.1.3.3 India
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2.1.3.3.1 Production Analysis
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2.1.3.3.2 Consumption Analysis
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2.1.3.3.3 Import Market Analysis (Volume and Value)
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2.1.3.3.4 Export Market Analysis (Volume and Value)
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2.1.3.3.5 Price Trend Analysis
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2.1.3.4 Vietnam
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2.1.3.4.1 Production Analysis
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2.1.3.4.2 Consumption Analysis
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2.1.3.4.3 Import Market Analysis (Volume and Value)
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2.1.3.4.4 Export Market Analysis (Volume and Value)
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2.1.3.4.5 Price Trend Analysis
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2.1.3.5 Australia
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2.1.3.5.1 Production Analysis
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2.1.3.5.2 Consumption Analysis
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2.1.3.5.3 Import Market Analysis (Volume and Value)
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2.1.3.5.4 Export Market Analysis (Volume and Value)
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2.1.3.5.5 Price Trend Analysis
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2.1.4 South America
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2.1.4.1 Brazil
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2.1.4.1.1 Production Analysis
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2.1.4.1.2 Consumption Analysis
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2.1.4.1.3 Import Market Analysis (Volume and Value)
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2.1.4.1.4 Export Market Analysis (Volume and Value)
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2.1.4.1.5 Price Trend Analysis
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2.1.4.2 Argentina
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2.1.4.2.1 Production Analysis
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2.1.4.2.2 Consumption Analysis
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2.1.4.2.3 Import Market Analysis (Volume and Value)
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2.1.4.2.4 Export Market Analysis (Volume and Value)
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2.1.4.2.5 Price Trend Analysis
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2.1.5 Middle East and Africa
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2.1.5.1 South Africa
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2.1.5.1.1 Production Analysis
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2.1.5.1.2 Consumption Analysis
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2.1.5.1.3 Import Market Analysis (Volume and Value)
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2.1.5.1.4 Export Market Analysis (Volume and Value)
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2.1.5.1.5 Price Trend Analysis
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2.1.5.2 Egypt
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2.1.5.2.1 Production Analysis
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2.1.5.2.2 Consumption Analysis
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2.1.5.2.3 Import Market Analysis (Volume and Value)
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2.1.5.2.4 Export Market Analysis (Volume and Value)
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2.1.5.2.5 Price Trend Analysis
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Copra Meal Market Size FAQs
How big is the Copra Meal Market?
The Copra Meal Market size is expected to reach USD 3.35 million in 2024 and grow at a CAGR of 4.43% to reach USD 4.17 million by 2029.
What is the current Copra Meal Market size?
In 2024, the Copra Meal Market size is expected to reach USD 3.35 million.
