Global Coconut Derivatives Market Report, Ongoing Trends, Growth Factors, Negative Factors, Opportunities, Untapped Markets, Strategies and Developments, Product Segments, and Forecast 2020 – 2029
“Global Coconut Derivatives Market Trends, Opportunities, Products, Applications, Market Size and Growth, and Global Forecast till 2029” is an upcoming report created by the market analyst team at MarketResearch.biz. The global market report is segmented on the basis of derivative type, nature, end-use application, and region/ country.
Coconut Derivatives: Introduction
Coconuts have high nutritional value and are highly adopted by people owing to the wide range of health benefits and use offered. Coconut products are rich in antioxidants, vitamins, and minerals. Coconut and its related products are mostly popular in tropical areas where it is cultivated on a very large scale. Coconut derivatives include coconut oil, coconut milk, coconut water, coconut sugar, and coconut flour. Coconut-based products offer various benefits such as weight management, skin texture enhancement, hair growth and nourishment, and digestion improvement.
Dynamics: Global Coconut Derivatives Market
Growing awareness about health benefits of coconuts and its derivatives across developed and developing countries is a major factor estimated to drive global market growth. In addition, increasing adoption of coconut oil in the cosmetic industry, and increasing demand coconut oil for household use are some other factors fueling growth of the target market. Rising usage of coconut products in food industry, especially in developed countries is also expected to drive growth of the global market. Furthermore, increasing preference for coconut and coconut oil-based beauty products such as shampoos, moisturizers among the women population is also another factor anticipated to boost growth of the global coconut derivatives market over the 10-year forecast period. Moreover, availability of unrefined and chemical-free coconut products is projected to create high revenue opportunities for players in the target market.
Coconut water is considered as a rich source of energy and antioxidant for patients, due to which individuals and healthcare professionals prefer consumption of fresh coconut water for patients suffering from any diseases and injuries. In addition, desiccated coconut as an ingredient in gravies, sauces, and bakery products is also highly adopted. Moreover, coir is used for production of geotextiles which is used for various purposes. These factors are projected to further support market growth.
However, side effects of overconsumption of coconut products such as high cholesterol levels, intestine distress, and allergies are factors that could hamper growth of the global coconut derivatives market to some extent. In addition, presence of substitutes could limit growth of the global market.
Analysis, by Segment: Global Coconut Derivatives Market
Insights, by Derivative Type:
The coconut oil segment is estimated to record for the highest revenue share in the global market. This is due to high content of healthy fats in coconut oil that helps to enhance the fat burning process in the body and to boost energy levels. In addition, consumption of coconut oil helps in raising levels of good cholesterols, which helps to reduce risk of heart-related diseases. Application of coconut oil on hair offers healthy, shiny, and long hair. Coconut oil has anti-inflammatory, antibacterial, anti-aging, and antioxidant properties, due to which it is used on a large scale as an ingredient in skincare products as well as direct application of coconut oil on the body, especially in developing countries. It is also used for massaging infants to enhance skin texture and strengthen bones. Coconut oil is highly adopted as cooking oil in countries such as China and India. However, overconsumption of coconut oil could result in high content of saturated fats in the body, and this coupled with availability of substitutes such as rice bran oil, olive oil, almond oil, etc. are factors that could challenge segment growth to some extent.
The coconut water and coconut milk/ cream segments are estimated to record higher revenue growth rates as compared to other segments in the market. Higher growth rate of the coconut water segment is due to high content of electrolytes and minimal or no sugar content in coconut water. Major players in the market are focusing on offering packed coconut water in Europe and North America markets, where demand is higher as compared to other regions and cultivation is low. This is another major factor projected to propel growth of the segments in the global coconut derivatives market.
Insights, by Nature:
The organic segment is projected to witness significant growth in terms of value in the market due to steadily inclining preference for organic foods.
Regional Analysis: Global Coconut Derivatives Market
The market in the Asia Pacific is estimated to account for the highest revenue share in the global market and is projected to maintain its dominance over the 10-year forecast period, due to high awareness regarding health benefits of coconut and coconut derivatives among individuals, and large-scale cultivation of coconuts in countries in the region.
North America and Europe markets are major coconut and coconut derivative importers due to increasing demand and adoption of coconut derivatives in countries in the regions. Increasing vegan population, rapidly growing food and cosmetics industry in these regions, coupled with high adoption of coconut and derived products as an ingredient in bakery products and in cosmetics are other factors projected to propel growth of the markets in Europe and North America.
The markets in the Middle East & Africa (MEA) and Latin America are estimated to register moderately high growth rates over the 10-year period. Increasing health-consciousness among consumers and awareness regarding benefits of coconut-based products, and increasing manufacturers’ focus on expanding customer base and supplying coconut derivatives through retail stores and other channels is among major factors driving growth of the MEA and Latin America markets.
Global Coconut Derivatives Market Segmentation:
Segmentation by Derivative Type:
- Coconut Oil
- Coconut Water
- Coconut Flour
- Coconut Sugar
- Coconut Milk/ Cream
Segmentation by Nature:
Segmentation by End-use Application:
- Food & Beverage
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- McCormick & Company, Inc.
- The WhiteWave Foods Company
- Goya Foods, Inc.
- The Coca-Cola Company
- PepsiCo, Inc.
- Vita Coco
- Celebes Coconut Corporation
- Marico Limited
- The Hain Celestial Group
- Barleans Organic Oils L.L.C.
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