The global coconut products market size is expected to reach USD 38.58 billion by 2030, expanding at 8.4% CAGR from 2023 to 2030.Coconut milk products are growing in popularity across the globe as a result of growing consumer concern over animal health and the rise in the number of people who cannot tolerate lactose. Increased awareness, the impact of the pandemic, expanding product portfolios, and increased research & development are factors propelling the global coconut products industry.
Moreover, coconut oil is increasingly being used by cosmetic industries to create soaps & oils for hair and skin care. Due to its moisturizing properties, coconut oil-based personal care products are gaining popularity in the personal care industry. The market for coconut products is expected to grow over the coming years as a result of the massive demand for coconut oil in cosmetics and its increasing popularity in food applications.
Consumers are increasingly shifting towards fitness and wellness trends, which has resulted in the growing demand for natural energy drinks such as coconut beverages over caffeinated and sugar-based ones. Due to the nutritional qualities offered by drinks such as coconut water, it is becoming increasingly popular as a natural energy drink. Moreover, the increasing preference toward a plant-based diet is also influenced by environmental issues, ecological concerns, ethical or religious beliefs, health consciousness, and movements like veganism. This is expected to play a major role in the adoption of coconut products.
In addition, coconut products are increasingly used in the healthcare sector, due to their growing utilization in the treatment of irritable UV ray protection, bowel syndrome, and obesity treatment. Similarly, the use of coconut oil, which is a component of several traditional medicinal systems like Ayurveda medicine, has grown in popularity as these practices become more widespread in western nations. As a result of the therapeutic benefits of traditional medicine and their growing emphasis on natural healing techniques, their demand is rising, fueling market revenue growth.
The Asia Pacific region is expected to account for the largest market share over the forecast period due to various factors. These factors include cheap labor availability, humid & equatorial climate, and availability of processing facilities. According to International Coconut Community, coconut oil volume exported by the Philippines rose from 840,073 metric tons in 2020 to 881,086 metric tons in 2022. Moreover, India has a specialized agricultural authority to support and maintain exports and domestic output. The Indian Coconut Development Board strives to promote the integration, diversification, and sector productivity of coconut products. As a result, the Asia Pacific region continues to drive market revenue growth due to climatic advantages and development resources.
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Moreover, coconut oil is increasingly being used by cosmetic industries to create soaps & oils for hair and skin care. Due to its moisturizing properties, coconut oil-based personal care products are gaining popularity in the personal care industry. The market for coconut products is expected to grow over the coming years as a result of the massive demand for coconut oil in cosmetics and its increasing popularity in food applications.
Consumers are increasingly shifting towards fitness and wellness trends, which has resulted in the growing demand for natural energy drinks such as coconut beverages over caffeinated and sugar-based ones. Due to the nutritional qualities offered by drinks such as coconut water, it is becoming increasingly popular as a natural energy drink. Moreover, the increasing preference toward a plant-based diet is also influenced by environmental issues, ecological concerns, ethical or religious beliefs, health consciousness, and movements like veganism. This is expected to play a major role in the adoption of coconut products.
In addition, coconut products are increasingly used in the healthcare sector, due to their growing utilization in the treatment of irritable UV ray protection, bowel syndrome, and obesity treatment. Similarly, the use of coconut oil, which is a component of several traditional medicinal systems like Ayurveda medicine, has grown in popularity as these practices become more widespread in western nations. As a result of the therapeutic benefits of traditional medicine and their growing emphasis on natural healing techniques, their demand is rising, fueling market revenue growth.
The Asia Pacific region is expected to account for the largest market share over the forecast period due to various factors. These factors include cheap labor availability, humid & equatorial climate, and availability of processing facilities. According to International Coconut Community, coconut oil volume exported by the Philippines rose from 840,073 metric tons in 2020 to 881,086 metric tons in 2022. Moreover, India has a specialized agricultural authority to support and maintain exports and domestic output. The Indian Coconut Development Board strives to promote the integration, diversification, and sector productivity of coconut products. As a result, the Asia Pacific region continues to drive market revenue growth due to climatic advantages and development resources.
Coconut Products Market Report Highlights
- The coconut water product segment is expected to register the fastest growth over the forecast period, owing to the tremendous growth in healthy and nutritional drinks to adopt a healthy lifestyle
- The food & beverages application segment is expected to register the highest CAGR, owing to the rise in awareness about the benefits and functional properties of coconut products in the food and beverages industry
- The Europe regional segment is likely to witness the highest growth over the forecast period. The expansion of the region’s coconut products industry is significantly influenced by consumer willingness to spend more on fitness and nutritional products including coconut products
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Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Coconut Products Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrants
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Coconut Products Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Coconut Products Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Coconut Oil
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Coconut Milk/Cream
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Coconut Water
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Coconut Products Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2022 & 2030
6.2. Cosmetics
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Food and Beverage
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.4. Others
6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Coconut Products Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.2.5. Canada.
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million))
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.3.6. Netherlands
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million))
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million))
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2022
Chapter 9. Company Profiles
9.1. Vita Coco
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Pepsico
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Coca-Cola (Zico)
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Eco Biscuits
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Dutch Plantin
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Coconut Dream
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Koh Coconut
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. PECU
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. UFC Coconut Water
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Taste Nirvana
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Coconut products market - Key market driver analysis
2. Coconut products market - Key market restraint analysis
3. Global coconut oil market estimates and forecast, 2017 - 2030 (USD Million)
4. Global coconut milk/cream market estimates and forecast, 2017 - 2030 (USD Million)
5. Global coconut water market estimates and forecast, 2017 - 2030 (USD Million)
6. Global other coconut products market estimates and forecast, 2017 - 2030 (USD Million)
7. Global coconut products market estimates and forecast, for cosmetics, 2017 - 2030 (USD Million)
8. Global coconut products market estimates and forecast, for food & beverage, 2017 - 2030 (USD Million).
9. Global coconut products market estimates and forecast, for other coconut products, 2017 - 2030 (USD Million)
10. North America coconut products market estimates and forecast, 2017 - 2030 (USD Million)
11. North America coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
12. North America coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
13. U.S. coconut products market estimates and forecast, 2017 - 2030 (USD Million)
14. U.S. coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
15. U.S. coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
16. Canada coconut products market estimates and forecast, 2017 - 2030 (USD Million)
17. Canada coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
18. Canada coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
19. Europe coconut products market estimates and forecast, 2017 - 2030 (USD Million)
20. Europe coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
21. Europe coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
22. U.K. coconut products market estimates and forecast, 2017 - 2030 (USD Million)
23. U.K. coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
24. U.K. coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
25. Germany coconut products market estimates and forecast, 2017 - 2030 (USD Million)
26. Germany coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
27. Germany coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
28. Netherlands coconut products market estimates and forecast, 2017 - 2030 (USD Million)
29. Netherlands coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
30. Netherlands coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
31. Asia Pacific coconut products market estimates and forecast, 2017 - 2030 (USD Million)
32. Asia Pacific coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
33. Asia Pacific coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
34. China coconut products market estimates and forecast, 2017 - 2030 (USD Million)
35. China coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
36. China coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
37. India coconut products market estimates and forecast, 2017 - 2030 (USD Million)
38. India coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
39. India coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
40. Central & South America coconut products market estimates and forecast, 2017 - 2030 (USD Million)
41. Central & South America coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
42. Central & South America coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
43. Brazil coconut products market estimates and forecast, 2017 - 2030 (USD Million)
44. Brazil coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
45. Brazil coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
46. Middle East & Africa coconut products market estimates and forecast, 2017 - 2030 (USD Million)
47. Middle East & Africa coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
48. Middle East & Africa coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
49. South Africa coconut products market estimates and forecast, 2017 - 2030 (USD Million)
50. South Africa coconut products market revenue estimates and forecast, by product, 2017 - 2030 (USD Million)
51. South Africa coconut products market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
52. Vendor landscape
List of Figures
1. Coconut products market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Market Snapshot
7. Competitive Landscape Snapshot
8. Coconut products market - Penetration & growth prospect mapping
9. Coconut products market - Value chain analysis
10. Coconut products market: Porter’s five forces analysis
11. Roadmap of the coconut products market
12. Coconut products market: Product share (%) analysis, 2022 & 2030
13. Coconut products market: Application share (%) analysis, 2022 & 2030
14. Coconut products market: Regional share (%) analysis, 2022 & 2030
15. Global coconut products company market share analysis, 2022 (%)
Companies Mentioned
- Vita Coco
- Pepsico
- Coca-Cola (Zico)
- Eco Biscuits
- Dutch Plantin
- Coconut Dream
- Koh Coconut
- PECU
- UFC Coconut Water
- Taste Nirvana
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 20.24 Billion |
| Forecasted Market Value ( USD | $ 38.58 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
