Global Coconut Products Market- Market Overview:

The global coconut products market is expected to grow from USD 14.18 billion in 2022 to USD 31.7 billion by 2030, at a CAGR of 10.6% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for various types of coconut products due to their health benefits and increasing vegan population.

Coconuts are widely grown and used worldwide due to their adaptability to a wide range of tasks, and their nutritional value. It contains nutrients like E, C, B1, B5 etc, as well as minerals like iron and sodium. The products of coconut have several health benefits, including improving cardiovascular health, reducing weight etc. As a result of its rich flavor and mild aroma, coconut oil has become an increasingly popular choice of fat in a variety of food products. A number of manufacturers are using coconut oil and dried coconut powder in packaged food products, and consumers also use it to cook sweets, fried foods etc. Increasing consumer awareness of the health benefits of plant-based foods is the main reason for the market growth. Environmental concerns, health consciousness, ethical or religious beliefs, environmental issues, and animal rights awareness are the primary factors influencing this incremental shift toward a plant-based diet. A number of global institutions cite data that indicates that vegan diets have become increasingly popular over the past few years. A growing number of countries have witnessed the growth of vegan consumers, especially over the past decade. Hence, the demand for coconut products is driven primarily by the health benefits, ease of digestion, and nutritional value of a plant-based diet.

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Market Dynamics:

Drivers:                          

• Development of new and innovative products

New products are stimulating growth, which are high in essential nutrients and taste almost identical to those made from animal sources. In addition to extensive promotional activities by celebrities and athletes to promote vegetarian food as part of a healthy lifestyle, the availability of the product via growing online retail channels is expected to further drive the market.

Restraints:                                             

• Fluctuating prices

It is expected that the growth of the market will be obstructed by fluctuating prices of coconuts and its products. A major factor which affects the pricing of coconut milk powder is the source and transportation charges, which may affect its price. Natural disasters also affect coconut oil prices because of damaged plantations.

Opportunities:

• Rising incidences of lactose intolerance

Increasing prevalence of chronic lifestyle diseases and intolerance to animal protein are two key factors driving market growth. In addition, vegan eating habits are spreading worldwide, enhancing the market’s growth. Due to growing consumer awareness of animal health and lactose intolerance across the globe, a shift has occurred in global preference for coconut milk products, leading to a more positive outlook for the market.

Challenges:

• Lack of awareness

The market is witnessing in terms of revenue, demand and acceptability among the consumers but lack of awareness about the coconut products and their benefits among consumers mainly in the rural areas is challenging the growth of the market.

Segmentation Analysis:

The global coconut products market has been segmented based on type, form, end-user, and region.

By Type

The type segment includes copra, coconut milk, coconut oil, coconut meat, coconut water and others. The coconut oil segment led the largest share of the coconut products market with a market share of around 29% in 2022. This product contains a high content of healthy saturated fats, which can help burn fat and replenish energy. The product also raises cholesterol levels in the body, which reduces the risk of heart disease and boosts fat burning. Additionally, coconut oil is an excellent hair care oil, promoting hair health, shine, and growth. Coconut oil is also used for body massage, especially for babies, since it strengthens the bones.

By Form

The form segment includes powder, solid and liquid. The liquid segment led the largest share of the coconut products market with a market share of around 51% in 2022. Due to its electrolyte content and lack of sugar, coconut water is a great substitute for traditional sports drinks. It can also be used to refresh you because it contains a lot of antioxidants that help you combat stress. Due to an increase in health awareness, coconut products are expected to grow due to consumer concerns associated with conventional dairy-based food and beverage consumption, as well as the adoption of vegan diets. Moreover, coconut oil is considered to be the best alternative for cooking oils as it is rich in saturated fats and has no carbohydrates.

By End-User

The end-user segment includes food & beverages, cosmetics, and others. The cosmetics segment led the largest share of the coconut products market with a market share of around 55% in 2022. Coconut oil and milk are nowadays used in various cosmetic products as key ingredients in various hair care and skin care products, due to their antioxidant properties. Anti-ageing creams as well as homemade hair and skin packs are made with these products. Over the Projection period, this is expected to drive market growth.Since the cosmetic market is highly competitive, manufacturers are encouraged to introduce new and innovative products, contributing to the segment's growth.

Global Coconut Products Market- Sales Analysis.

The sale of coconut products expanded at a CAGR of 10.2% from 2016 to 2022.

Since vegans and lactose intolerant consumers are on the rise, the coconut cream market has experienced exponential growth in the last five years.

As a result of its moisturizing properties, coconut oil-based personal care products have gained more traction in the personal care industry since they are widely used in cosmetic manufacturing for hair and skincare applications. There is likely to be a lot of demand for coconut oil in cosmetics and in food applications, which will drive the coconut oil market.

There is an increase in consumer demand for natural sweet energy drinks with caffeine among active and health-conscious consumers. In light of its properties, such as essential nutrients and electrolytes, coconut water is being increasingly sought after as a natural drink.

Thus, owing to the aforementioned factors, the global coconut products market is expected to grow at a CAGR of 10.6% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the coconut products market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the coconut products market and held a 38% share of the market revenue in 2022.

• The North American region witnessed a major share. Because coconut products are in high demand, the North American market is growing rapidly. Due to its lactose-free characteristics, coconut milk is growing in popularity. With its long shelf life and convenient packaging, coconut milk appeals to consumers more than cow's milk. A number of factors contribute to the demand for coconut milk, including its additional health benefits.Additionally, the market's growth is attributed to the growing innovations in the field, which result in improved product quality and enhanced dietary value. In addition, coconut meat is popular among consumers in this region because it is high in fat and calories, but moderate in carbohydrate and protein, providing consumers with health benefits.
• Asia Pacific is anticipated to experience significant growth during the predicted period. A major portion of coconut production occurs in Asian countries, so coconut milk is widely used in various cuisines in Asian countries. As a result, Asia will remain the dominant region over the Projection period. As a matter of fact, according to the Food and Agricultural Organization (FAO), Asia accounted for 82.6% of the global coconut production in 2016. The growth can also be attributed to the increasing use of coconut oil in various applications like food & beverages and cosmetics.

  Global Coconut Products Market - Country Analysis:

• Germany

Germany's coconut products market size was valued at USD 1.05 billion in 2022 and is expected to reach USD 2.36 billion by 2030, at a CAGR of 10.7% from 2023 to 2030.

A significant market share is expected to be achieved by Germany during the Projection period, due to increased adoption of coconut water and milk. Milk is already being used in Germany as a non-dairy alternative. However, there has been a tremendous increase in demand for coconut water because of an increasing awareness about its benefits.

• China

China’s coconut products market size was valued at USD 1.10 billion in 2022 and is expected to reach USD 2.5 billion by 2030, at a CAGR of 11% from 2023 to 2030.

Due to the increasing use of coconut derivatives in China, in addition to a growing number of their health benefits, the overall market is expected to gain further momentum during the Projection period due to the increasing application of coconut derivatives like oil and milk.

• India

India's coconut products market size was valued at USD 0.85 billion in 2022 and is expected to reach USD 1.9 billion by 2030, at a CAGR of 10.9% from 2023 to 2030.

The coconut husk is used to plant trees in many small towns in India. In addition, the husk absorbs more water and helps keep the soil hydrated, which is beneficial to the plants. As a biodegradable product, it contributes to an eco-friendly plantation. These factors are driving the demand in the coming years. In addition to being used in many food preparations and bakery products, coconut milk and cream are also increasingly being used in cosmetic products.

Key Industry Players Analysis:  

To increase their market position in the global coconut products market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Koh Coconut
• Eco Biscuits
• UFC Coconut Water
• Vita Coco
• PECU
• Coconut Dream
• Dutch Plantin
• Taste Nirvana
• Coca-Cola
• Pepsico

Latest Development:

• In March 2021, A new product from Red Bull called Red Bull Coconut Edition Sugarfree launched. The product offers Red Bull Coconut Edition Wiiings. The launch of this product met the needs of consumers who like products that are versatile and sugar-free.
• In May 2022, Alpro is Danone's second dairy-free brand launched in China after Vega, and it offers coconut milk, among other things.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	10.6%
Market Size	14.18 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Form, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Koh Coconut, Eco Biscuits, UFC Coconut Water, Vita Coco, PECU, Coconut Dream, Dutch Plantin, Taste Nirvana, Coca-Cola, and Pepsico.
By Type	Copra Coconut Milk Coconut Oil Coconut Meat Coconut Water Others
By Form	Powder Solid Liquid
By End-User	Food & Beverages Cosmetics Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Coconut Products Market by Type:

• Copra
• Coconut Milk
• Coconut Oil
• Coconut Meat
• Coconut Water
• Others

Global Coconut Products Market by Form:

• Powder
• Solid
• Liquid

Global Coconut Products Market by End-User:

• Food & Beverages
• Cosmetics
• Others

Global Coconut Products Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The frequency of changes to government policies and laws is referred to as uncertainty in the political environment. Regular policy changes impact corporate performance and increase decision-making difficulty owing to ongoing ambiguity. In order to quickly adapt to changing policies, the coconut products market should actively monitor the political landscape and adjust its strategic priorities as necessary. Democracy is the foundation of the existing form of government, which favors the coconut products market's operations. coconut products market can profit from the financial liberty provided by the democratic government structure, which encourages initiative and free commerce.

Economical Factors- When deciding whether to expand internationally, the coconut products market should consider the economic growth rates of the various nations. More options to pursue long-term growth goals exist in nations with high economic growth rates. Consumer spending becomes more cautious when the economy is growing slowly, which has a direct impact on the coconut products market's revenue growth. Since rising inflation reduces the purchasing power of money and deters consumers from spending on goods and services, it may have a detrimental effect on the coconut products market's ability to raise its revenue.

Social Factor- Consumption patterns and economic issues are closely related. coconut products market benefits from exciting growth opportunities when consumers have more disposable income and are willing to spend more on goods and services to improve their lifestyles. This is because it is simpler to introduce new products and services to these customers, and revenue growth chances are also higher. coconut products market must carefully examine the consumption/spending trends and tastes of modern consumers, who are increasingly demanding, in order to modify its marketing mix methods.

Technological Factors- The velocity and progress of technological innovation can have an impact on the market and industry as a whole. coconut products market will be able to comprehend the rate of new product creation, the length of the product life cycle, and the unique features that consumers choose by researching the upcoming technological innovation trends. coconut products market can determine whether switching to e-commerce will be more advantageous than establishing a physical location by conducting research into consumers' sentiments regarding cutting-edge, new digital technology. The coconut products market may be forced to switch from manual to automated processes if competitors engage in automation technology to cut costs, especially if the general populace of that society is tech-savvy.

Environmental Factors- Businesses are under pressure to lessen environmental harm due to strict environmental legislation in many different countries. coconut products market should adopt ethical production methods in response, promote ethical consumption among its target market, work to enhance its brand's sustainability reputation, and ensure full compliance with local and international environmental laws because failure to do so may result in severe, reputation-damaging criticism from relevant stakeholders. The capacity to handle the movement of materials and the finished product may be considerably impacted by the current weather conditions. This affects the dates of delivery of the final product.

Legal Factors- A broad category of laws protecting employees' rights, including those to a fair salary, equality, equity, inclusion, fairness, and their physical and mental safety, is known as employment law. While some nations lack efficient enforcement of employment laws, others have harsh penalties for violating any of the specified rights of employees. coconut products market should safeguard the safety of the working environment while entering or operating in such nations. There must be appropriate systems in place to prevent both direct and indirect discrimination.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Form
     • 3.3. Market Attractiveness Analysis By End-User
     • 3.4. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Development of new and innovative products
   • 3. Restraints
     • 3.1. Fluctuating prices
   • 4. Opportunities
     • 4.1. Rising incidences of lactose intolerance
   • 5. Challenges
     • 5.1. Lack of awareness

6. Global Coconut Products Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Copra
   • 3. Coconut Milk
   • 4. Coconut Oil
   • 5. Coconut Meat
   • 6. Coconut Water
   • 7. Others
7. Global Coconut Products Market Analysis and Projection, By Form
   • 1. Segment Overview
   • 2. Powder
   • 3. Solid
   • 4. Liquid
8. Global Coconut Products Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Food & Beverages
   • 3. Cosmetics
   • 4. Others
9. Global Coconut Products Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

10. Global Coconut Products Market-Competitive Landscape
    • Overview
    • Market Share of Key Players in the Coconut Products Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • Competitive Situations and Trends
      • 3.1. Technology Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions

11. Company Profiles
    • Koh Coconut
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Eco Biscuits
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • UFC Coconut Water
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Vita Coco
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • PECU
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Coconut Dream
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Dutch Plantin
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Taste Nirvana
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Coca-Cola
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Pepsico
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Coconut Products Market, By Type, 2023–2030 (USD Billion)
2. Global Copra, Coconut Products Market, By Region, 2023–2030 (USD Billion)
3. Global Coconut Milk, Coconut Products Market, By Region, 2023–2030 (USD Billion)
4. Global Coconut Oil, Coconut Products Market, By Region, 2023–2030 (USD Billion)
5. Global Coconut Meat, Coconut Products Market, By Region, 2023–2030 (USD Billion)
6. Global Coconut Water, Coconut Products Market, By Region, 2023–2030 (USD Billion)
7. Global Others, Coconut Products Market, By Region, 2023–2030 (USD Billion)
8. Global Coconut Products Market, By Form, 2023–2030 (USD Billion)
9. Global Powder, Coconut Products Market, By Region, 2023–2030 (USD Billion)
10. Global Solid, Coconut Products Market, By Region, 2023–2030 (USD Billion)
11. Global Liquid, Coconut Products Market, By Region, 2023–2030 (USD Billion)
12. Global Coconut Products Market, By End-User, 2023–2030 (USD Billion)
13. Global Food & Beverages, Coconut Products Market, By Region, 2023–2030 (USD Billion)
14. Global Cosmetics, Coconut Products Market, By Region, 2023–2030 (USD Billion)
15. Global Others, Coconut Products Market, By Region, 2023–2030 (USD Billion)
16. Global Coconut Products Market, By Region, 2023–2030 (USD Billion)
17. North America Coconut Products Market, By Type, 2023–2030 (USD Billion)
18. North America Coconut Products Market, By Form, 2023–2030 (USD Billion)
19. North America Coconut Products Market, By End-User, 2023–2030 (USD Billion)
20. USA Coconut Products Market, By Type, 2023–2030 (USD Billion)
21. USA Coconut Products Market, By Form, 2023–2030 (USD Billion)
22. USA Coconut Products Market, By End-User, 2023–2030 (USD Billion)  
23. Canada Coconut Products Market, By Type, 2023–2030 (USD Billion)
24. Canada Coconut Products Market, By Form, 2023–2030 (USD Billion)
25. Canada Coconut Products Market, By End-User, 2023–2030 (USD Billion)
26. Mexico Coconut Products Market, By Type, 2023–2030 (USD Billion)
27. Mexico Coconut Products Market, By Form, 2023–2030 (USD Billion)
28. Mexico Coconut Products Market, By End-User, 2023–2030 (USD Billion)
29. Europe Coconut Products Market, By Type, 2023–2030 (USD Billion)
30. Europe Coconut Products Market, By Form, 2023–2030 (USD Billion)
31. Europe Coconut Products Market, By End-User, 2023–2030 (USD Billion)
32. Germany Coconut Products Market, By Type, 2023–2030 (USD Billion)
33. Germany Coconut Products Market, By Form, 2023–2030 (USD Billion)
34. Germany Coconut Products Market, By End-User, 2023–2030 (USD Billion)
35. France Coconut Products Market, By Type, 2023–2030 (USD Billion)
36. France Coconut Products Market, By Form, 2023–2030 (USD Billion)
37. France Coconut Products Market, By End-User, 2023–2030 (USD Billion)
38. UK Coconut Products Market, By Type, 2023–2030 (USD Billion)
39. UK Coconut Products Market, By Form, 2023–2030 (USD Billion)
40. UK Coconut Products Market, By End-User, 2023–2030 (USD Billion)
41. Italy Coconut Products Market, By Type, 2023–2030 (USD Billion)
42. Italy Coconut Products Market, By Form, 2023–2030 (USD Billion)
43. Italy Coconut Products Market, By End-User, 2023–2030 (USD Billion)
44. Spain Coconut Products Market, By Type, 2023–2030 (USD Billion)
45. Spain Coconut Products Market, By Form, 2023–2030 (USD Billion)
46. Spain Coconut Products Market, By End-User, 2023–2030 (USD Billion)
47. Asia Pacific Coconut Products Market, By Type, 2023–2030 (USD Billion)
48. Asia Pacific Coconut Products Market, By Form, 2023–2030 (USD Billion)
49. Asia Pacific Coconut Products Market, By End-User, 2023–2030 (USD Billion)
50. Japan Coconut Products Market, By Type, 2023–2030 (USD Billion)
51. Japan Coconut Products Market, By Form, 2023–2030 (USD Billion)
52. Japan Coconut Products Market, By End-User, 2023–2030 (USD Billion)
53. China Coconut Products Market, By Type, 2023–2030 (USD Billion)
54. China Coconut Products Market, By Form, 2023–2030 (USD Billion)
55. China Coconut Products Market, By End-User, 2023–2030 (USD Billion)
56. India Coconut Products Market, By Type, 2023–2030 (USD Billion)
57. India Coconut Products Market, By Form, 2023–2030 (USD Billion)
58. India Coconut Products Market, By End-User, 2023–2030 (USD Billion)
59. South America Coconut Products Market, By Type, 2023–2030 (USD Billion)
60. South America Coconut Products Market, By Form, 2023–2030 (USD Billion)
61. South America Coconut Products Market, By End-User, 2023–2030 (USD Billion)
62. Brazil Coconut Products Market, By Type, 2023–2030 (USD Billion)
63. Brazil Coconut Products Market, By Form, 2023–2030 (USD Billion)
64. Brazil Coconut Products Market, By End-User, 2023–2030 (USD Billion)
65. Middle East and Africa Coconut Products Market, By Type, 2023–2030 (USD Billion)
66. Middle East and Africa Coconut Products Market, By Form, 2023–2030 (USD Billion)
67. Middle East and Africa Coconut Products Market, By End-User, 2023–2030 (USD Billion)
68. UAE Coconut Products Market, By Type, 2023–2030 (USD Billion)
69. UAE Coconut Products Market, By Form, 2023–2030 (USD Billion)
70. UAE Coconut Products Market, By End-User, 2023–2030 (USD Billion)
71. South Africa Coconut Products Market, By Type, 2023–2030 (USD Billion)
72. South Africa Coconut Products Market, By Form, 2023–2030 (USD Billion)
73. South Africa Coconut Products Market, By End-User, 2023–2030 (USD Billion)

List of Figures 

1. Global Coconut Products Market Segmentation
2. Coconut Products Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Coconut Products Market Attractiveness Analysis By Type
9. Global Coconut Products Market Attractiveness Analysis By Form
10. Global Coconut Products Market Attractiveness Analysis By End-User
11. Global Coconut Products Market Attractiveness Analysis By Region
12. Global Coconut Products Market: Dynamics
13. Global Coconut Products Market Share By Type (2023 & 2030)
14. Global Coconut Products Market Share By Form (2023 & 2030)
15. Global Coconut Products Market Share By End-User (2023 & 2030)
16. Global Coconut Products Market Share by Regions (2023 & 2030)
17. Global Coconut Products Market Share by Company (2021)