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.
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, and 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.
The COVID-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 people is resulting in changes 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 are 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.
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.
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.
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.
Please Choose One of them.