Coconut Shrimp is an interesting recipe of shrimp, which can be prepared by a lot of methods using different ingredients.The main ingredients of Coconut Shrimp are flaked coconut, shrimp, flour, baking powder, and oil. Coconut Shrimp is a very easy recipe, but takes a long time to cook. The recipe is prepared by frying the shrimp until it turns crisp. Coconut Shrimp is best served either with dip sauce such as; orange marmalade, mustard and horseradish mixed or chili sauce.