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 |
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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.
