Coconut Butter Market to Witness Heavy Growth Prospects via Manufacturing Sector up to 2026
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More than 50 semi-processed or processed products from coconut entering the international markets, however, coconut butter is gaining wide attraction among health-conscious consumers, owing to its high nutritional benefits. Being a latest trend in breakfast meal, coconut butter is replacing conventional milk butter due to its health benefits such as it maintains good cholesterol and aids in improved brain functions. Owing to increase in health consciousness, coconut butter has witnessed widespread adoption from millennials. It finds application in soups, curries, cakes, chocolates, and sauces as a flavoring ingredient, which further fuels the market growth. Organic and gluten-free coconut butter is gaining increased popularity among consumers. This is attributed to the fact that organic coconut butter is high in fiber and contains lauric acid, which lowers bad cholesterol. In addition, it is used as a natural agent for the preparation of cosmetic products.
Caribbean and African countries are facing threats of lethal yellowing disease in the coconut plantation. Such diseases reduces the quality of coconuts and damages coconut plantations. This threat is posing a massive challenge for the coconut butter industry.
The global coconut butter market is segmented into nature, end user, distribution channel, and region. Based on nature, the market is classified into organic and conventional. By end user, it is divided into commercial and residential. Depending on distribution channel, it is categorized into hypermarkets & supermarkets, convenience stores, online sales channel, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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Asian countries such as Indonesia, India, Philippines, and Vietnam are the major producers of coconut butter, followed by Caribbean Islands and African nations.
Major players operating in the coconut butter market include Windmill Organics, Windy City Organics, ANDY ALBAO CORPORATION, Binnie's Coconut Butter, The HallStar Company, Wichy Plantation Company (Pvt.) Ltd., Celebes Coconut Corporation, Team Asia Corporation, Artisana Organics, and Peter Paul Philippines Corporation.
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KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the coconut butter market from 2018 to 2026 to identify the prevailing market opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry.
The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
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