Coconut Food Industry is Expected to Reach $37.7 Billion by 2031 - Cargill, Incorporated, The Hain Celestial Group, PT Coco Sugar Indonesia, The Vita CoCo Company, Inc.

Global Coconut Foods Market reached US$ 20.24 billion in 2023 and is expected to reach US$ 37.7 billion by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031.

The rising consumer preference for natural, organic products is boosting demand for coconut-based foods, which offer health benefits like improved digestion and heart health. Coconut's allergen-free nature makes it a safe alternative for those avoiding soy, nuts, and dairy. Growing health consciousness and sustainability efforts also enhance its appeal. In North America, lactose intolerance affects 36% of the population, driving demand for coconut products like milk, yogurt, and ice cream as dairy-free alternatives.

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Market Trends:

The rising adoption of vegan and plant-based diets is driving the growth of the global coconut foods market. In 2022, about 88 million people were vegans globally, fueling demand for coconut-based alternatives like milk, yogurt, and cheese. These products are popular for their versatility, nutritional benefits, and alignment with vegan preferences, offering healthy fats and essential nutrients often fortified with vitamins and minerals.

Segment Covered in the Microplate Systems Market:

By Type: Coconut Water, Coconut Milk, Coconut Oil, Coconut Frozen desserts, Coconut Yogurt, Coconut Chocolate/Biscuits, Coconut Cream, Desiccated Coconut, Coconut butter, Coconut sugar, Others
By Distributional Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail

Regional Analysis:

The global Coconut Foods Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global Coconut Foods Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Coconut Foods report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Major Key Players:

• Cargill, Incorporated
• The Hain Celestial Group
• PT Coco Sugar Indonesia
• The Vita CoCo Company, Inc.
• Renuka Agri Foods Plc
• McCormick & Company, Inc.
• Goya Foods, Inc.
• Britannia Industries
• The Coconut Company
• Celebes Coconut Corporation

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