Press release
Coconut Market Booms with 7.05 Percentage CAGR, Forecast to Reach USD 19.38 Billion by 2030
๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ 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.๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ, 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.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/29399/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ:
Several factors are fueling the growth of the ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ, 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.
๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
One of the notable trends in the ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ 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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/request-sample/29399/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ
๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
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.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
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 ๐๐ก๐๐ข ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐จ. ๐๐ญ๐., 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.
๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's coconut market is undergoing consolidation, with increased mergers and acquisitions seen as a strategic path for expansion. ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐จ. ๐๐ญ๐., 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.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐'๐ฌ ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ
South Korea's market for coconut products is expanding rapidly, with innovations in the beverage sector driving growth. ๐๐จ๐ญ๐ญ๐ ๐๐จ๐ง๐๐๐๐ญ๐ข๐จ๐ง๐๐ซ๐ฒ, 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.
๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore continues to be a hub for coconut-based innovations, with companies focusing on enhancing coconut oil processing technologies. ๐๐๐จ ๐๐ข๐๐ฉ ๐๐๐ง๐ ๐๐ญ๐., 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.
๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐
The United States remains one of the largest markets for coconut products, with a strong preference for coconut water, coconut milk, and coconut oil. ๐๐จ๐๐-๐๐จ๐ฅ๐'๐ฌ acquisition of the coconut water brand ๐๐ข๐๐จ 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.
๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe is experiencing a surge in the demand for organic coconut products, with countries like Germany, the UK, and France driving the market. ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐๐ก๐๐ง๐ญ, 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.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/29399/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Coconut Water
Coconut Milk
Coconut Oil
Coconut Snacks
Coconut Desiccated
Others
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Supermarket/Hypermarket
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐จ๐๐จ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
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
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-coconut-market/29399/
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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