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Coconut Market Booms with 7.05 Percentage CAGR, Forecast to Reach USD 19.38 Billion by 2030

Coconut Market

Coconut Market

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued US$ 12.03 Bn in 2023 and is expected to reach US$ 19.38 Bn by 2030 at a CAGR of 7.05% during the forecast period.

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ, valued at USD 12.03 billion in 2023, is projected to reach USD 19.38 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.05%. The market is driven by rising health awareness and the increasing demand for coconut-based products in the food and beverage industry. With diverse applications, coconut products like oil, milk, water, and snacks are gaining popularity due to their perceived health benefits, especially in vegan and plant-based diets.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/29399/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

Several factors are fueling the growth of the ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ, including the increasing trend toward plant-based diets and the growing popularity of coconut water as a healthy alternative to sugary beverages. Health-conscious consumers are demanding products that are rich in nutrients, such as dietary fiber and antioxidants, which further boosts coconut's appeal. Additionally, the growing availability of coconut-based products in retail markets contributes to the expanding reach of the coconut industry.

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

One of the notable trends in the ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ is the shift towards veganism and sustainable living, which has amplified demand for coconut products. The preference for dairy-free alternatives like coconut milk, coconut yogurt, and coconut-based snacks is growing steadily. Moreover, innovations in packaging and the expansion of distribution channels, including e-commerce platforms, have made coconut products more accessible to consumers ly. These trends align with the increasing demand for ethically sourced and environmentally friendly food choices.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/request-sample/29399/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam is seeing significant market growth due to increasing export opportunities and local consumption of coconut-based products. With an expanding market for coconut oil and other coconut derivatives, Vietnam's strategic positioning in Asia facilitates access to key international markets. Vietnam-based coconut producer, Vinacoco, has been expanding its production capabilities to meet global demand, particularly from the US and Europe.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand has become a key player in the coconut market, driven by rising demand for organic coconut products and coconut milk. Local companies, such as ๐“๐ก๐š๐ข ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐๐ฎ๐›๐ฅ๐ข๐œ ๐‚๐จ. ๐‹๐ญ๐., have capitalized on this trend by enhancing production facilities and promoting sustainable farming practices. Coconut-based products, particularly in the food & beverage industry, have seen substantial growth as more consumers opt for vegan and dairy-free alternatives.

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's coconut market is undergoing consolidation, with increased mergers and acquisitions seen as a strategic path for expansion. ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐‚๐จ. ๐‹๐ญ๐., one of the leading producers of coconut milk, recently merged with a regional coconut product supplier to expand its footprint in the growing vegan segment. This consolidation provides an opportunity to streamline supply chains and reach more consumers across the country.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

South Korea's market for coconut products is expanding rapidly, with innovations in the beverage sector driving growth. ๐‹๐จ๐ญ๐ญ๐ž ๐‚๐จ๐ง๐Ÿ๐ž๐œ๐ญ๐ข๐จ๐ง๐ž๐ซ๐ฒ, a major player in South Korea, has introduced a new line of coconut-based drinks catering to the health-conscious consumer. As South Korea leans towards plant-based diets, the coconut market is positioned for sustained growth.

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore continues to be a hub for coconut-based innovations, with companies focusing on enhancing coconut oil processing technologies. ๐˜๐ž๐จ ๐‡๐ข๐š๐ฉ ๐’๐ž๐ง๐  ๐‹๐ญ๐., a major player in the coconut sector, has recently introduced high-quality virgin coconut oil products, which have received strong market approval. The growing vegan population in Singapore has driven the demand for these products.

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The United States remains one of the largest markets for coconut products, with a strong preference for coconut water, coconut milk, and coconut oil. ๐‚๐จ๐œ๐š-๐‚๐จ๐ฅ๐š'๐ฌ acquisition of the coconut water brand ๐™๐ข๐œ๐จ has further solidified the growth of this market segment. The increasing popularity of coconut-based beverages as healthy alternatives to traditional soft drinks has contributed to the robust market growth.

๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe is experiencing a surge in the demand for organic coconut products, with countries like Germany, the UK, and France driving the market. ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐ž๐ซ๐œ๐ก๐š๐ง๐ญ, a major UK-based distributor, has been acquiring smaller coconut product brands to expand its portfolio and market presence. The European market is characterized by the rising adoption of coconut-based dairy alternatives and eco-friendly packaging.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/29399/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž
Coconut Water
Coconut Milk
Coconut Oil
Coconut Snacks
Coconut Desiccated
Others

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Supermarket/Hypermarket
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐‚๐จ๐œ๐จ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. ZICO BEVERAGES
2. Ducoco Alimentos SA
3. THE VITA COCO COMPANY, INC.
4. PT. Pulau Sambu
5. Coco do Vale
6. Dabur Company
7. Coco Colima SA
8. The Coconut Company
9. Celebes Coconut Corporation
10. Danone
11. Eco Biscuits
12. Creative Snacks
13. Goindiaorganic
14. So Delicious
15. PT. Global Coconut
16. Maverick Brands
17. Dangfoods
18. Renuka Foods
19. Dutch Plantin
20. Viva Labs

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-coconut-market/29399/

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

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