Press release
Coconut Market growth is expected to reach $19.38 billion by 2030, as per Maximize Market Research
Coconut Market, Coconut Market Size, Coconut Market Share,
Coconut Market Overview
The global coconut industry, estimated at $12.03 billion in 2023, is expected to grow to $19.38 billion by 2030, with a CAGR of 7.05% over the forecasted time frame. The market is greatly impacted by the rising popularity of vegan diets and the diverse uses of coconut products. The market has been affected by the COVID-19 pandemic through disruptions in production, supply chains, and financial markets. However, it has also brought to light possible opportunities for market expansion as businesses adjust to changing consumer demands.
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Veganism fueling the demand for coconut
Several crucial factors are responsible for driving the growth of the coconut market. The increase in veganism worldwide has driven the need for plant-based items, such as products made from coconuts. The market for coconuts is growing due to their ability to be used in different ways like oil, milk, and water. Moreover, there is a growing trend of large companies investing in vegan and animal-free items, which is opening up significant prospects for the coconut industry. The increasing awareness of health among consumers, as well as rising environmental and ethical worries, is driving up the desire for coconut milk and other products made from coconuts.
Trend of veganism will continue to help coconuts climb higher
Market trends show a substantial movement towards plant-based and health-focused products. The increase in popularity of veganism has specifically led to a higher request for coconut milk as an alternative to dairy. Processed coconut oil remains the top choice in the market, being widely utilized in various food items such as cookies, chocolates, ice cream, as well as in pharmaceutical and beauty products. The coconut is a commonly used ingredient in desserts, sauces, and beverages within the food and beverage sector, making up a significant portion of the market share. The increased popularity of the product can be attributed to its nutritional benefits, which include low cholesterol and high dietary fiber content.
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Asia Pacific is expected to dominate the 2030 coconut market
By 2030, the coconut market is expected to be led by the Asia Pacific region, showing the highest growth throughout the forecast period. The region's high coconut production and prevalent use in various culinary traditions, especially in Southeast Asian cuisines, are reasons for this growth. North America, which accounts for more than 43% of coconut product production, has a strong presence in the global market and is projected to continue holding this strong position.
Coconut Market Segmentation
by Product Type
Coconut Water
Coconut Milk
Coconut Oil
Coconut Snacks
Coconut Desiccated
Others
by Distribution Channel
Supermarket/Hypermarket
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels
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Coconut Market Key Players
ZICO BEVERAGES
Ducoco Alimentos SA
THE VITA COCO COMPANY, INC.
PT. Pulau Sambu
Coco do Vale
Dabur Company
Coco Colima SA
The Coconut Company
Celebes Coconut Corporation
Danone
Eco Biscuits
Creative Snacks
Goindiaorganic
So Delicious
PT. Global Coconut
Maverick Brands
Dangfoods
Renuka Foods
Dutch Plantin
Viva Labs
Key questions answered in the Coconut Market are:
What was the Market size in 2023?
What is the growth rate of the Market?
Which are the factors expected to drive the Market growth?
What are the different segments of the Market?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-coconut-market/29399/
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
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