DUBLIN--(BUSINESS WIRE)--The "Global Coconut Products Market - Growth, Trends and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
Global Coconut Products Market is forecasted to grow at a CAGR of 9.65% during the forecast period (2020-2025).
As more people turn to healthier dairy milk alternatives and the growing consumer preference for naturalness are expected to increase the demand for coconut products.
The growing innovations in the field leading to enhanced product quality and enriching its dietary value are also factors attributing to the growth of the market.
Coconut water, which is drained from young coconuts, and virgin coconut oil, which is obtained from pressing the meat of fresh coconuts are the growing segments in the market. Coconut oil holds the major share in the market with its growing usage as a cooking oil coupled with its benefits in skin and hair care.
Key Market Trends
Health Benefits of Coconut Driving The Sales
Coconut products are gaining popularity in the market majorly among the health conscious consumers. Unlike many other fruits that are high in carbs, coconuts provide mostly fat They also contain protein, several important minerals, and small amounts of B vitamins. However, they're not a significant source of most other vitamins. Health Benefits of coconut milk is the major factor owing to this demand of the product. Coconut milk is a high-calorie food. About 93% of its calories come from fat, including medium-chain triglycerides (MCTs). MCT fats in coconut milk benefit weight loss, body composition and metabolism.
Similarly, coconut meat is high in fat and calories while moderate in carbs and protein. Coconut meat is rich in several important minerals, especially manganese and copper, supports enzyme function and fat metabolism, copper assists bone formation and heart health. Like wise coconut water is another product with a higher acceptance among the consumers, as drinking coconut water may be helpful to reduce heart disease risk.
North American Market Has Seen A Significant Growth
Health-conscious consumers looking to cut back on dairy are driving the trend for coconut products in North America. Coconut milk with their long shelf lives and convenient packaging compared to cow's milk, is driving interest from consumers. North America's coconut powder market is projected for high growth rates in the coming years owing to its incorporation in cuisines. Coconut oil's increasing popularity has put a spotlight on the farmers who are involved in the production. In 2014, Fair Trade USA launched Fair Trade Certified coconut products to help the coconut farmers. With the help of Fair Trade USA, coconut farmers can earn additional premiums ranging between USD 40 and USD 90 per metric ton for each coconut sold. This extra money helps communities with healthcare, agricultural training and business development.
Key Topics Covered:
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Coconut Oil
5.1.2 Coconut Water
5.1.3 Coconut Milk
5.1.4 Desiccated Coconut
5.2 By Distribution Channel
5.2.2 Convenience Stores
5.2.3 Grocery Stores
5.2.4 Online Retailing
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 South America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Sambu Group
6.4.5 PT. Pacific Eastern Coconut Utama.
6.4.6 Danone(THE WHITEWAVE FOODS COMPANY)
6.4.7 Vita Coco
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/7idlp