Coconut is a versatile product and has multiple health benefits. Furthermore, products derived from coconut have multiple applications in food & beverage and cosmetics industries. The global coconut products market was valued at $11.5 billion in 2018 and is anticipated to reach $31.1 billion by 2026, with a CAGR of 13.6% during the forecast period. Increase in demand for coconut products such as coconut milk, coconut water, and desiccated coconut in the food & beverage industry is one of the major factors that drives the market globally. Food & beverages and cosmetics product manufacturers have invested a lot in R&D to utilize coconut products to enhance characteristics, taste, or nutritional value of their products.
Consumers are actively focused toward fitness and health. Active and health conscious consumers have shifted their preference toward natural alternatives to caffeinated and sugar-based energy drinks. Hence, the demand for coconut water as a natural energy drink is growing rapidly due to its nutritional properties such as electrolytes and nutrients. Coconut oil is beneficial for hair and skin and hence, is widely used in range of cosmetic and personal care products such as hair oils and soaps. The rise in demand for coconut oil in the cosmetics industry is likely to drive the market for coconut products globally.
Coconut milk is widely used in cosmetic and food & beverage industries. It is also widely used as an effective alternative to dairy products. It has become increasingly popular, owing to its high nutrient content, which is beneficial for skin and hair and hence, is likely to experience high growth in the future. Desiccated coconut is used as a substitute for grated coconut in various food preparations like curries and baked food.
Products like copra, coconut chips, coconut squash, and coconut vinegar find application mainly in the food and beverage industry as a have gained popularity worldwide. Coir is widely used for making ropes, floor mats, brushes, doormats, and mattresses in Asian countries
The coconut products market is segmented on the basis of type, application, form, and region. By type, it is categorized into coconut water, coconut oil, coconut milk, dried coconut products, and others. By application, it is divided into food, beverage, cosmetics, and others. By form, it is bifurcated into solid and liquid. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, the Netherlands, and Rest of Europe), Asia-Pacific (India, Indonesia, China, the Philippines, South Korea, Vietnam, Malaysia, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players profiled in this report include The Coconut Company (UK) Ltd., Marico Ltd., Vita Coco, Sambu Group, Metshu exports (pvt) ltd, Cocomate, Klassic Coconut, Cocotana Coconut Products, Universal Coco Indonesia, and Thai Coconut Public Company Limited.
Key benefits FOR STAKEHOLDERS
Key MARKET SEGMENTATION
By Type
By Application
By Form
By Region
Consumers are actively focused toward fitness and health. Active and health conscious consumers have shifted their preference toward natural alternatives to caffeinated and sugar-based energy drinks. Hence, the demand for coconut water as a natural energy drink is growing rapidly due to its nutritional properties such as electrolytes and nutrients. Coconut oil is beneficial for hair and skin and hence, is widely used in range of cosmetic and personal care products such as hair oils and soaps. The rise in demand for coconut oil in the cosmetics industry is likely to drive the market for coconut products globally.
Coconut milk is widely used in cosmetic and food & beverage industries. It is also widely used as an effective alternative to dairy products. It has become increasingly popular, owing to its high nutrient content, which is beneficial for skin and hair and hence, is likely to experience high growth in the future. Desiccated coconut is used as a substitute for grated coconut in various food preparations like curries and baked food.
Products like copra, coconut chips, coconut squash, and coconut vinegar find application mainly in the food and beverage industry as a have gained popularity worldwide. Coir is widely used for making ropes, floor mats, brushes, doormats, and mattresses in Asian countries
The coconut products market is segmented on the basis of type, application, form, and region. By type, it is categorized into coconut water, coconut oil, coconut milk, dried coconut products, and others. By application, it is divided into food, beverage, cosmetics, and others. By form, it is bifurcated into solid and liquid. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, the Netherlands, and Rest of Europe), Asia-Pacific (India, Indonesia, China, the Philippines, South Korea, Vietnam, Malaysia, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players profiled in this report include The Coconut Company (UK) Ltd., Marico Ltd., Vita Coco, Sambu Group, Metshu exports (pvt) ltd, Cocomate, Klassic Coconut, Cocotana Coconut Products, Universal Coco Indonesia, and Thai Coconut Public Company Limited.
Key benefits FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global coconut products market, with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2018 to 2026 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as, threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights the business practices followed by the leading market players across various regions.
Key MARKET SEGMENTATION
By Type
- Coconut Water
- Coconut Oil
- Coconut Milk
- Dried Coconut Products
- Others
By Application
- Food
- Beverage
- Cosmetics
- Others
By Form
- Solid
- Liquid
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Netherlands
- Italy
- Rest of Europe
- Asia-Pacific
- India
- Indonesia
- China
- Philippines
- South Korea
- Vietnam
- Malaysia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Coconut Products Market By Type
Chapter 5: Coconut Products Market By Application
Chapter 6: Coconut Products Market By Form
Chapter 7: Coconut Products Market By Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Coconut Products Market by Type, Application, and Form: Global Opportunity Analysis and Industry Forecast, 2018-2026', the global coconut products market size was at $11.5 billion in 2018 and is anticipated to reach $31.1 billion by 2026, with a CAGR of 13.6% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $19.7 billion from 2018 to 2026. The market growth is propelled by the rise in demand for coconut water as an energy drink. Active and health conscious consumers have shifted their preference toward natural alternatives to caffeinated and sugar-based energy drinks. Hence, the demand for coconut water as a natural energy drink is growing rapidly due to its nutritional properties such as electrolytes and nutrients, which is expected to drive the coconut products market growth.Increase in use of coconut-based products in food and beverage applications is expected to drive the market for coconut products in the future. Coconut products are widely used as ingredients in variety of processed food products such as cookies, cakes, pies, soups, salads, milkshakes, and ice cream. With growth in consumption of processed food products, owing to the rise in urban population, the demand for coconut products is expected to grow at a significant rate in near future.
The coconut products market is segmented on the basis of type, application, form, and region. Based on type, the coconut products market is categorized into coconut water, coconut oil, coconut milk, dried coconut products, and others. Coconut oil is widely used in cosmetics industry and is one of the prime products in hair care, thus is expected to influence the overall coconut products industry. The coconut oil segment was valued at $6.1 billion and is expected to grow with a CAGR of 5.6% from 2019 to 2026, to reach $9.4 billion by 2026. The coconut water segment is estimated to be the fastest growing segment, with a CAGR of 23.8% during the forecast period. The fastest growth of coconut water segment is attributed to growth in consumption of natural energy drinks and health concerns among the consumers.
On the basis of application, it is categorized into food, beverage, cosmetics, and others. The cosmetics segment was valued at $7.0 billion and is expected to growth with a CAGR of 13.3% during the forecast period. The segment is expected to reach $18.6 billion by 2026. The beverage segment is anticipated to be the fastest growing segment, with a CAGR of 14.7% during the forecast period.
On the basis of form, the liquid segment held a significant share in the global market in 2018. However, the solid segment is expected to garner a considerable share, owing to increase in demand for coconut-based snacks as healthy alternatives to conventional snack products across the globe. In addition, benefits such as easy handling and longer shelf life further adds to its market attractiveness.
On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, the Netherlands, and Rest of Europe), Asia-Pacific (India, Indonesia, China, the Philippines, South Korea, Vietnam, Malaysia, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). The Philippines, Indonesia, and India are the leading producers of coconut, accounting for around three fourth of the global production. The Philippines and Indonesia are the major exporters of coconut products globally. Asia-Pacific is leading the market, in terms of consumption and is likely to grow at the highest CAGR due to growth in demand for coconut products as an ingredient from food & beverage, cosmetics, and other industries.
Key Findings of the Coconut Products Market:
The coconut products market was valued at $ 11.5 billion in 2018 and is estimated to reach $31.1billion by 2026, growing at a CAGR of 13.6% during the forecast period.
By type, the coconut water segment is estimated to witness the fastest growth, registering a CAGR of 23.8% during the forecast period.
In 2018, by application, the cosmetics segment held the highest share, accounting for more than half of the global coconut products market share.
In 2018, India was the most prominent market in the Asia-Pacific region and is expected to grow at a significant CAGR throughout the forecast period.
The key players profiled in this report include The Coconut Company (UK) Ltd., Marico Ltd., Vita Coco, Sambu Group, Metshu exports (pvt) ltd, Cocomate, Klassic Coconut, Cocotana Coconut Products, Universal Coco Indonesia, and Thai Coconut Public Company Limited.
Companies Mentioned
- The Coconut Company (UK) Ltd.
- Marico Ltd.
- Vita Coco
- Sambu Group
- Metshu exports (pvt) ltd
- Cocomate
- Klassic Coconut
- Cocotana Coconut Products
- Universal Coco Indonesia
- Thai Coconut Public Company Limited.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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