The North America Coconut Derivatives Market is expected to witness market growth of 8.6% CAGR during the forecast period (2025-2032).
The US market dominated the North America Coconut Derivatives Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $7.40 billion by 2032. The Canada market is experiencing a CAGR of 10.5% during 2025-2032. Additionally, the Mexico market is expected to exhibit a CAGR of 9.5% during 2025-2032. The US and Canada led the North America Coconut Derivatives Market by Country with a market share of 66.9% and 14% in 2024.
The North American coconut derivatives market has grown from a small, niche area that relied on imports to a major industry that is important to the region's food, drink, and personal care sectors. At first, the market was only for dried coconut and refined oil for candy-making. But in the 2010s, the "superfood" trend made the market grow a lot. Coconut water, virgin coconut oil, coconut milk, flour, and sugar became more popular as people chose plant-based, gluten-free, and health-focused diets. Coconut derivatives became popular not just with health enthusiasts, but also with people who use them for personal care. They are now widely available in supermarkets and online stores.
Key trends that are driving market growth today include the switch to plant-based diets, the rise in product prices, and a focus on sustainability. Coconut water turned into drinks that are good for you, MCT oil became popular in fitness and keto diets, and coconut milk became a common dairy substitute. Industry players used strategies that focused on new products, ethical sourcing, and strategic partnerships. To get customers involved, they often talked about transparency and initiatives to help farmers. The market for drinks, oils, dairy alternatives, and industrial derivatives is very fragmented. To be successful, you need to focus on quality, price, sustainability, and constant innovation, even when the market is mature.
The US market dominated the North America Coconut Derivatives Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $7.40 billion by 2032. The Canada market is experiencing a CAGR of 10.5% during 2025-2032. Additionally, the Mexico market is expected to exhibit a CAGR of 9.5% during 2025-2032. The US and Canada led the North America Coconut Derivatives Market by Country with a market share of 66.9% and 14% in 2024.
The North American coconut derivatives market has grown from a small, niche area that relied on imports to a major industry that is important to the region's food, drink, and personal care sectors. At first, the market was only for dried coconut and refined oil for candy-making. But in the 2010s, the "superfood" trend made the market grow a lot. Coconut water, virgin coconut oil, coconut milk, flour, and sugar became more popular as people chose plant-based, gluten-free, and health-focused diets. Coconut derivatives became popular not just with health enthusiasts, but also with people who use them for personal care. They are now widely available in supermarkets and online stores.
Key trends that are driving market growth today include the switch to plant-based diets, the rise in product prices, and a focus on sustainability. Coconut water turned into drinks that are good for you, MCT oil became popular in fitness and keto diets, and coconut milk became a common dairy substitute. Industry players used strategies that focused on new products, ethical sourcing, and strategic partnerships. To get customers involved, they often talked about transparency and initiatives to help farmers. The market for drinks, oils, dairy alternatives, and industrial derivatives is very fragmented. To be successful, you need to focus on quality, price, sustainability, and constant innovation, even when the market is mature.
Packaging Outlook
Based on Packaging, the market is segmented into Bottles, Pouches including Tetra Pak, Tubs/Jars, and Cans & Others. With a compound annual growth rate (CAGR) of 9.4% over the projection period, the Bottles Market, dominate the Canada Coconut Derivatives Market by Packaging in 2024 and would be a prominent market until 2032. The Cans & Others market is expected to witness a CAGR of 11.3% during 2025-2032.
Product Type Outlook
Based on Product Type, the market is segmented into Coconut Oil, Coconut Milk, Coconut Water, Desiccated Coconut, Coconut Sugar, Coconut Flour & Fibre Derivatives, and Other Product Type. Among various US Coconut Derivatives Market by Product Type; The Coconut Oil market achieved a market size of USD $1.25 billion in 2024 and is expected to grow at a CAGR of 6.2 % during the forecast period. The Coconut Sugar market is predicted to experience a CAGR of 9.1% throughout the forecast period from (2025 - 2032).Country Outlook
The United States is the largest market for coconut derivatives in North America. This is because consumers are always looking for new ways to use coconut products, and the country relies heavily on imports from the Philippines and Indonesia. Coconut water and virgin coconut oil became popular in the 2010s, thanks to health and wellness trends. They were first popularized in ethnic communities and health stores. The market has changed, and flavored coconut water, dairy alternatives, and personal care items are becoming more popular. Even though there are health concerns about the saturated fat in coconut oil, demand for it continues, especially in non-food areas. There is a lot of competition in the beverage, cooking, and personal care industries. To be successful, companies need to be innovative, offer low prices, be environmentally friendly, and be open about where they get their ingredients.List of Key Companies Profiled
- Axelum Resources Corp.
- The Vita Coco Company, Inc.
- Marico Limited
- Thai Coconut Public Co., Ltd.
- Sambu Group
- Bunge Limited
- Cargill, Incorporated
- Nutiva, Inc.
- Wilmar International Ltd
- Greenville Agro Corporation
Market Report Segmentation
By End User
- Industrial
- HoReCa
- Retail
By Retail Type
- Supermarkets/Hypermarkets
- Online Retail/E-commerce
- Convenience/Grocery Stores
- Specialty/Gourmet Stores
- Other Retail Type
By Packaging
- Bottles
- Pouches including Tetra Pak
- Tubs/Jars
- Cans & Others
By Product Type
- Coconut Oil
- Coconut Milk
- Coconut Water
- Desiccated Coconut
- Coconut Sugar
- Coconut Flour & Fibre Derivatives
- Other Product Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 6. Competition Analysis - Global
Chapter 11. North America Coconut Derivatives Market by End User
Chapter 12. North America Coconut Derivatives Market by Packaging
Chapter 13. North America Coconut Derivatives Market by Product Type
Chapter 14. North America Coconut Derivatives Market by Country
Chapter 15. Company Profiles
Companies Mentioned
- Axelum Resources Corp.
- The Vita Coco Company, Inc.
- Marico Limited
- Thai Coconut Public Co., Ltd.
- Sambu Group
- Bunge Limited
- Cargill, Incorporated
- Nutiva, Inc.
- Wilmar International Ltd
- Greenville Agro Corporation
