coconut products industry was pegged at $12.75 billion in 2019 and is expected to reach $31.1 billion by 2026, registering a CAGR of 13.6% from 2019 to 2026. The report offers a comprehensive analysis of the Industry dynamics, key market segments, market trends and estimations, top investment pockets, and competitive landscape.
Increase in
usage of coconut-based products in food & beverage applications and growth
in demand for coconut oil in the cosmetic industry have propelled the growth of
the global coconut products market. Whereas, the stagnant or slight decline in
production of coconut relative to the increasing demand impedes the market
growth. On the other hand, growth in consumption of processed food products due
to rise in urban population and demand for coconut-based products are expected
to create lucrative opportunities in the near future.
In-depth
analysis of the COVID-19 impact on the coconut products Market@ https://www.alliedmarketresearch.com/request-for-customization/6178?reqfor=covid
The market
is segmented on the basis of type, application, form, and region.Based on type,
the market is categorized into coconut water, coconut oil, coconut milk, dried
coconut products, and others. The coconut oil segment held the largest share in
2019, accounting for nearly half of the global coconut products market.
However, the coconut water segment is projected to register the fastest CAGR of
23.8% during the forecast period.
Based on
application, the market is divided into food, beverage, cosmetics, and others.
The cosmetics segment held the maximum market share in 2018, contributing to
around three-fifths of the global coconut products market. However, the
beverage segment is expected to register the fastest CAGR of 14.7% during the
forecast period
Based on
region, the market is analyzed across North America, Europe, Asia-Pacific, and
LAMEA.The market across Asia-Pacific held the largest share in 2018, accounted
for nearly three-fifths of the market. In addition, the region is projected to
register the fastest CAGR of 14.3% during the study period.
The global
market report includes an in-depth analysis of the major market players such
asVita Coco, The Coconut Company (UK) Ltd., Marico Ltd. ,Metshu exports (PVT)
Ltd, Sambu Group, Klassic Coconut, Cocomate, Universal Coco Indonesia, Cocotana
Coconut Products,Thai Coconut Public Company Limited.
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