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Coconut Product Market (Product Type - Coconut Oil, Dessicated Coconut, Coconut Water, Kernel Based, and Others; Application - Cosmetics, Beverages, Cosmetics, and Others; Distribution System - Supermarket/hypermarkets, Convenience Stores, Online, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : March, 2021

  • Rep Id : FB0286

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on the coconut product market provides in-depth analysis of segments and sub-segments in the global as well as regional coconut product market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional coconut product market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global coconut product market. According to the report, the global coconut product market is projected to grow at a CAGR of 12.50%% over the forecast period of 2020-2026.


Coconut Product Market

 

Market Insight

Nearly all parts of the coconut are used such as water, milk, sugar, flesh, and oil. In furnishings and decoration, even the husks and leaves are used as ingredients. Coconut is a perennial fruit and is produced throughout all seasons. It is used in a variety of cooking, cosmetic, and food products and is highly consumed. Coconut products offer multiple health benefits. The health benefits of coconut products include controlled sugar levels, increase immunity, reduces blood cholesterol, and keeps teeth and heart-healthy. Coconut oil helps in keeping hair healthy, protects the scalp from infection. Coconut cream in cosmetics helps in reducing the aging effects on the skin, it aids in cleansing the skin of any impurities. The consumption of coconut products also reduces the risk of cancer.

 

COIVD-19 pandemic has disrupted the supply chains which led to a shortage of coconut products. Transportation facilities were also reduced drastically due to the implementation of lockdowns by the governments affected the prices of coconut products. The panic buying and increase in the stocking of commodities led to a surge in the demand for coconut products. Supermarkets and Hypermarkets which are important modes of distribution were also not fully operational. This covid pandemic highlighted the importance of health. As the restrictions are lifted coupled with economic recovery market is moving towards normalcy. The growing consciousness regarding health and fitness among the people is resulting in changing of their food preferences. Coconut milk can be used as a substitute for sugar-based products and milk. Coconut water contains natural enzymes, minerals such as potassium which makes it a super drink and a suitable substitute for sports drinks. This is leading to the growing demand for coconut-based food products. There is a growing demand for cosmetic products such as coconut hair oil. Thus, these things are driving the coconut product market. The only thing that is restraining the market is the increasing availability of substitutes for coconut products. The introduction and emergence of new products such as kernel-based products including coconut cream, coconut milk powder, coconut chips, and many more. The growing preference of consumers towards organic products and new applications for coconut products provide a big opportunity for the coconut product market.

 

Asia-Pacific is expected to generate the highest revenue geographically and hold a significant share of the market. North America and Europe projected to be the second and third largest revenue-generating region. Asia-Pacific is the leading region in the production and export of coconut and also houses a significant portion of the world population. Coconut and Coconut based products are an important part of their staple food and lifestyle. Therefore, consumption of coconut products is very high in this region which is the main cause for the high demand for these products. There is a rise in awareness regarding health consciousness among people in the North American and European region. Thus the health benefits offered by coconut products are numerous. This is leading to increasing in demand for these products in this region.

 

Segment Covered

The report on global coconut product market covers segments such as product type, application, and distribution system. On the basis of product type, the sub-markets include coconut oil, dessicated coconut, coconut water, kernel based, and others. On the basis of application, the sub-markets include cosmetics, beverages, cosmetics, and others. On the basis of distribution system, the sub-markets include supermarket/hypermarkets, convenience stores, online, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Danone S.A., Cargill, Incorporated, The Procter & Gamble Company, The Coconut Company (UK) Ltd., Universal Coco Indonesia, Unilever PLC, Nestlé S.A., Archer Daniels Midland Company, PepsiCo, Inc., and Marico Limited.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of coconut product market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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