Coconut Products Market Size, Business Share, Trends, Segmentation, Opportunities, and Forecast to 2031 | The Coconut Company (UK) Ltd., Marico Ltd.

Market Overview:

Coconut products include coconut oil, coconut flakes, coconut milk, coconut water, coconut cream, coconut sugar and many others. They are extracted from the kernel or flesh of a mature coconut palm. Coconut products are nutritional and find uses in food processing, cosmetics and various other industries.

Market Dynamics:

The growth of the coconut products market is driven by increasing awareness about the nutritional and health benefits of coconut products. Coconut products are considered very healthy as they are rich in nutrients like vitamin C, E, B1, B3, B5, B6, iron, selenium, calcium, magnesium and phosphorus. Coconut products help boost heart health, improve digestion, aid weight loss and increase immunity. Moreover, the rising vegan and gluten free trends have fostered the demand for coconut milk and coconut water as dairy alternatives. Changing consumer preferences towards healthy and nutritious food options is also fueling the adoption of coconut products in the food and beverage industry. The lucrative opportunities in application industries like personal care, food processing etc have attract new entrants in the market, thereby propelling the overall market expansion during the forecast period.

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Major market players included in this report are:

★ 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.

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Form:
✦ Solid
✦ Liquid

By Product:
✦ Coconut Powder
✦ Coconut Water
✦ Coconut Milk/Cream
✦ Coconut Oil
✦ Desiccated Coconut
✦ Others

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Major Drivers for Increased Consumption of Coconut Products

► Rising Health Awareness Among Consumers

Consumers today are becoming increasingly health conscious. They are seeking products that provide nutritional benefits. Coconut products offer several health benefits. Coconuts are a rich source of various vitamins, minerals, fiber and antioxidants. The polyphenols and medium chain triglycerides found in coconuts help maintain heart health and support weight management. Studies have also shown the anti-microbial properties of coconut which can boost immunity. The health halo around coconut products is driving more people to include them in their diet.

► Growth of Organic and Natural Food Market

The organic and natural food market has been experiencing steady growth globally. More consumers are preferring food and beverage products with a clean label and without artificial ingredients, colors, flavors or preservatives. Coconut products fit well within the realm of natural and organic products since they contain only natural ingredients without any additives. The inclination towards greener products is fueling the demand for organic and natural coconut items like coconut water, coconut oil, coconut milk and dried coconut flakes and chips.

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✦ Major Restraint for Coconut Products Market Growth

Dependency on Climate and Geographical Factors

Coconut cultivation is heavily dependent on climatic conditions like rainfall, humidity and temperatures. Adverse weather can negatively impact coconut yields. Since coconuts grow on trees, their cultivation requires suitable soil and climatic conditions which are mainly found in tropical regions. Overall production of coconuts can vary substantially each year depending on weather patterns. Any climate-related issues poses a major challenge for stable supply of coconuts and thus acts as a restrain on the growth of coconut products industry.

✦ Major Opportunity for Coconut Product Market Expansion

Growing Popularity of Vegan and Plant-based Diet

Veganism and plant-based eating has grown massively in popularity over the past few years driven by health, ethical and environmental concerns. Coconut products are perfectly positioned to appeal to the vegan demographic since they are 100% plant-based and do not contain any animal ingredients or byproducts. Coconut oil, milk and cream are emerging as popular substitutes for butter, dairy milk and other dairy products for vegans. Plant-milk makers are increasingly incorporating coconut into their products. The exponential rise of veganism provides a lucrative growth opportunity for coconut product manufacturers to attract new consumer base.

✦ Major Trend Shaping Future of Coconut Products Market

Innovation in Product Formats and Applications

Market players are innovating new product formats and applications to appeal to evolving consumer preferences and sustain growth. Some recent innovations include - coconut yogurt, kefir and other fermented probiotic drinks; coconut snacking bars with various flavors; coconut chips in new flavors; coconut butter for spreads; coconut blends in powder form for smoothies and desserts; virgin coconut oil capsules for supplements. The trend of innovation allows coconut products companies to expand their portfolio, tap new usage occasions and segments as well as command premium prices. It is a key future growth driver for the coconut products industry.

Key Questions

• How much revenue will the global Coconut Products Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Coconut Products Market?

• What are the indicators expected to drive the global Coconut Products Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Coconut Products Market to expand their geographical presence?

• What are the major advancements witnessed in the global Coconut Products Market?

• This report answers these questions and more about the global Coconut Products Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Coconut Products Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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