Global Coconut Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Coconut Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global coconut products market report has been segmented on the basis of form, product type, and region.
Global Coconut Products Market: Overview
Coconut is enriched with various nutrients including fibers, vitamins and minerals which offers various health benefits to the end user. Coconut products offer multiple health benefits including improvement in reduction of digestive problems, cardiovascular health, and aid in weight loss
Global Coconut Products Market: Dynamics
Coconut is widely used among various end use industries including food & beverages, personal care, and beauty products in order to enhance quality of the product. In addition, coconut is good source of fiber, vitamins, and other nutrients. These are some factors expected to drive growth of the global market. Increasing demand for coconuts products including oil, milk, and powder, shifting consumer preferences for healthier alternatives, coupled with implementation of federal education programs informing the ill-effects of sugar-loaded drinks are some major factor expected to drive growth of the global market. In addition, rising demand for organic food products due to absence of chemicals, increasing demand of confectioneries and bakery products including chocolates and cakes are some another factor expected to augment growth of the global market. Moreover, growing demand for beauty and personal care products among youth population is a factor projected to support revenue growth of the global market.
However, the fluctuating cost of coconuts is one of the key factor expected to hamper the target market growth. High fragmentation is another factor projected to challenge growth of the global market.
Recent trend observed in the target market is key players operating in the global coconut products market are adopting various growth strategies such as product development and new product launches to cater to increasing demand for coconut milk powder and enhance their market share. In addition, manufacturers are focusing to launch coconut-based confectionery in the global market. In April 2018, for instance, UAE-based Mirzam Chocolate maker introduced confectionary containing dark chocolate, nuts, dried fruits, dates, and flavors including coconut, pumpkin seed, orange cinnamon, caramelized cacao nibs and pistachio. In addition, many coconut company offers organic vegan coconut milk powder and vegan coconut milk powder.
Global Coconut Products Market: Segment Analysis
Among the form segments, the liquid segment is projected to contribute significant revenue shares in global market, owing to increasing demand for coconut milk among food and personal care products manufacturers.
Among the product type segments, the coconut oil segment is expected to register substantial growth, owing to various benefits offered by coconut oils including good source of saturated fat, improves texture of skin, etc.
Global Coconut Products Market: Regional Analysis
Asia Pacific coconut products market is expected to account for a significant revenue share of the target market, owing to the high consumption of coconut and coconut-based food products. Widespread uses of coconut milk, abundant production of coconut, along with rising number of health conscious population is expected to increase demand for various coconut based products are expected to drive growth of the coconut products market in this region. Markets in Latin America, Middle East & Africa, and Europe are projected to register considerable growth during the forecast period.
Global Coconut Products Market Segmentation:
Segmentation by Form:
Segmentation by Product Type:
- Coconut Powder
- Coconut Milk/Cream
- Coconut Water
- Desiccated Coconut
- Coconut Oil
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$
- The Coconut Company (UK) Ltd.
- Marico Ltd.
- Enature Organic Products
- Ayam Sarl
- Nestlé S.A.
- Renuka Foods PLC
- S & P Industries Sdn Bhd
- Shriram Coconut Products Limited
- Star Heritage Products
- Pulau Sambu Singapore Pte Ltd.
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