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Global Coconut Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
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Global Coconut Products Market Expand To $ 14764.44 Million By 2023 From $ 10068.03 Million In 2018
1. Global Coconut Market Status
Global revenue of Coconut Products has kept growing during the past six years with an average growth rate of 11.02%. Compared to 2017, Coconut Products market managed to increase revenue by 10 percent to $ 10068.03 million worldwide in 2018 from $9153.13 million in 2017. Overall, the Coconut Products market performance is positive, despite the weak economic environment.
2. Global Coconut Market Forecast & Drivers
The global Coconut Products market is forecasted to keep the trend, expand to $ 14764.44 million by 2023 from $ 10068.03 million in 2018, exhibits a CAGR of 7.96% from 2018 to 2023. Increasing consumer demand with health-conscious is driving the global Coconut Products market.
3. Global Coconut Region Distribution
North America and Asia are the most significant production regions, occupied about 68% of market share, in terms of revenue. More than 41% of Coconut Products were produced in the North America market, which also held the dominant position in the global Coconut Products consumer market. And it is expected to retain its dominance over the forecast period (2019 – 2023), with the market share of 39% in 2023. While the Asia region (exclude China and Southeast Asia) would emerging with a highest rate of 10.39% during the forecast period.
4. Global Coconut Competition Status
Coconut Products market is relatively fragmented with fierce competition. Vita Coco is the world leading player in global Coconut Products market with the market share of 13.55% in 2018, in terms of revenue, followed by Pepsico, Yeshu, Coca-Cola (Zico), KKP Industry, Viva Labs, Dutch Plantin, Theppadungporn Coconut, COCO & CO, Renuka, Coconut Dream, Radha, Dangfoods, Maverick Brands, Molivera Organics, PT. Global Coconut, So Delicious, Coconut Organics, Premium Nature, Creative Snacks and Eco Biscuits. The top 21 listed companies accounted for 40.21% of the revenue market share in 2018.
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