Coconut Products Market Report

Market Overview:

The global coconut products market size reached US$ 17.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2023-2028. The rising product utilization in the F&B industry, increasing product application in cosmetics and personal care products, and the recent development of advanced processing techniques represent some of the key factors driving the market.

Coconut products refer to substances derived from coconut fruits or their parts, such as flesh, milk, oil, and water. It includes coconut milk, oil, flour, whipping cream, sugar, vinegar, aminos, chips, and powder. These products are obtained through various processing methods, such as mechanical extraction, fermentation, and chemical extraction. Coconut products are rich in calories, fibers, proteins, antioxidants, iron, potassium, magnesium, and copper. They are widely used in cooking, baking, confectionery, dairy-free alternatives, cosmetics, personal care products, lubricants, biofuels, nutritional supplements, and animal feed. Coconut products are highly nutritious substances that improve the texture and flavor of dishes and exhibit moisturizing, antibacterial, and anti-inflammatory properties. As a result, they find extensive applications across the food and beverage (F&B), cosmetics, healthcare, animal feed, renewable energy, agriculture, and textile industries.

Coconut Products Market Trends:

The rising product utilization in the F&B industry is one of the key factors driving the market growth. Coconut products are widely used as a thickener, emulsifier, and flavoring agent in traditional cuisines, curries, soups, salads, snacks, yogurt, smoothies, stews, ice creams, desserts, and baked goods. Along with this, the widespread product utilization in energy drinks and sports beverages due to high electrolyte content is acting as another growth-inducing factor. Furthermore, the increasing product application in various cosmetics and personal care products, such as soaps, shampoos, hair oil, conditioners, lotions, facial sprays, toners, and scrubs, owing to moisturizing and nourishing properties is providing an impetus to the market growth. Additionally, the growing product adoption in the manufacturing of gluten-free and dairy-free alternatives, such as milk, yogurt, ice creams, and baked goods that are cholesterol-free, easy to digest, and suitable for individuals with lactose intolerance or celiac disease, is positively influencing the market growth. Besides this, the recent development of advanced processing techniques, such as freeze drying, microencapsulation, and ultra-high temperature (UHT) treatment, which aids in extending shelf-life and preserving the aroma, flavor, and nutritional contents of the products, is providing a considerable boost to the market growth. Moreover, the rising consumer awareness regarding various product health benefits, such as improving digestive health, promoting brain function, weight loss, lowering blood sugar levels, and reducing inflammation, is propelling the market growth. Other factors, including rising expenditure capacities of consumers, easy product availability across e-commerce platforms, and the growing demand for natural and organic products, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global coconut products market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on product type, form, distribution channel, and application.

Product Type Insights:

• Coconut Oil
• Coconut Water
• Coconut Milk
• Desiccated Coconut
• Others
   

The report has provided a detailed breakup and analysis of the coconut products market based on the product type. This includes coconut oil, coconut water, coconut milk, desiccated coconut, and others. According to the report, coconut oil represented the largest segment.

Form Insights:

• Solid
• Liquid
• Powder
   

A detailed breakup and analysis of the coconut products market based on the form has also been provided in the report. This includes solid, liquid, and powder. According to the report, liquid accounted for the largest market share.

Distribution Channel Insights:

• Business to Business
• Business to Consumer 
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail
     

A detailed breakup and analysis of the coconut products market based on the distribution channel has also been provided in the report. This includes business to business and business to consumer (hypermarkets and supermarkets, convenience stores, specialty stores, and online retail). According to the report, business to consumer accounted for the largest market share.

Application Insights:

• Cosmetics
• Food and Beverage
• Others
   

A detailed breakup and analysis of the coconut products market based on the application has also been provided in the report. This includes cosmetics, food and beverage, and others. According to the report, cosmetics accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for coconut products. Some of the factors driving the Asia Pacific coconut products market included rising expenditure capacities of consumers, rapid technological advancements, and introduction of new products.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global coconut products market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Ayam Sarl (Denis Group Holding Sa), Coco Colima, Cocotana Coconut Products, Klassic Coconut, Marico Limited, Metshu Exports (Pvt) Ltd., NDC Exports (Pvt.) Ltd., Nestlé S.A., Pulau Sambu Singapore Pte. Ltd., Renuka Foods PLC, S & P Industries Sdn Bhd, Thai Coconut Public Company Limited, The Vita Coco Company Inc., ZICO Rising Inc. (The Coca-Cola Company), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Coconut Products Market Report Scope:

Key Questions Answered in This Report:

• How has the global coconut products market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global coconut products market?
• What is the impact of each driver, restraint, and opportunity on the global coconut products market?
• What are the key regional markets?
• Which countries represent the most attractive coconut products market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the coconut products market?
• What is the breakup of the market based on the form?
• Which is the most attractive form in the coconut products market?
• What is the breakup of the market based on distribution channel?
• Which is the most attractive distribution channel in the coconut products market?
• What is the breakup of the market based on application?
• Which is the most attractive application in the coconut products market?
• What is the competitive structure of the global coconut products market?
• Who are the key players/companies in the global coconut products market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the coconut products market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global coconut products market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the coconut products industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.