Coconut Cream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Coconut Cream Market is segmented by category (Organic & Conventional); by distribution channel (supermarket/hypermarket, convenience stores, online channels and others); and by geography.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Asia Pacific
CAGR: 7.2 %

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Market Overview

The global coconut cream market is growing at a CAGR of 7.2% during the forecast period (2020-2025).

  • The market is mainly driven by the rising demand for flavoring agents used in processed foods and different cuisines and demand for non-sweet cream in desserts and beverages among the health-conscious consumers. Also, innovations with new product formulations have further fueled market growth. For instance, McCormick & Company, Inc. launched a new range of flavored products- Thai Kitchen® Coconut Cream, which is a gluten free way to enhance the taste, from cakes to curries. Geographically, Asia Pacific is the leading country in the agave syrup market, followed by Europe.
  • However, the decreased availability of the sugar substitutes and development of artificial sweeteners have shifted preferences of consumers towards artificial sweeteners and is thus restraining the market.

Scope of the Report

The global coconut cream market is segmented by category into organic & conventional cream; by distribution channel into supermarket/hypermarket, convenience stores, online channels, and others; and by geography into North America, Europe, Asia-Pacific, South America and Middle East and Africa.

By Category
Organic
Conventional
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Channels
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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Key Market Trends

Increasing Demand For the Convenience Food

Consumers are more inclined toward convenience food products, such as baked goods, confectioneries, other ready meals, and beverages, owing to their instant nature, to cut down the preparation and handling time of the food. Food stabilizers make up a very small part of the final product, but they have a significant impact on the final packaged product. For instance, products, ranging from fat-free dressing, low-fat mayonnaise, sauces, processed meat products, etc., require a broad variety of functional ingredients to provide optimization in terms of stability, creaminess, shelf-life, viscosity, and water absorption, among others.

Coconut Cream Market 1

Asia Pacific to Drive the Coconut Cream Market

Asia-Pacific region accounts for the largest share in the coconut cream market as it is considered to be one of the principal ingredients in Asian cuisines. Also, expansion of foodservice channels including bakeries and specialty drink stores across regions is a key factor for the evolution of the market, as coconut cream is extensively used as a flavoring and conditioning agent. In addition, a shift in consumer preference for foods derived from organic ingredients and demand for low-fat products is likely to facilitate the expansion of coconut cream products across various applications.

Coconut Cream Market 2

Competitive Landscape

The global coconut cream market is highly competitive in nature having a large number of domestic and multinational players competing for market share and with innovation in products being a major strategic approach adopted by leading players. Additionally, merger, expansion, acquisition, and partnership with other companies are the common strategies to enhance the company presence and boost the market. For instance, in March 2018, Daiya Foods, a manufacturer of plant-based dairy alternatives, launched a range of product-Daiya Duets, which contains coconut cream as a base ingredient and is an alternative to yogurt.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Category

      1. 5.1.1 Organic

      2. 5.1.2 Conventional

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Online Channels

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Nestle S A

      2. 6.4.2 Edward & Sons Trading Co.

      3. 6.4.3 Windmill Organics Limited

      4. 6.4.4 McCormick & Company, Inc.

      5. 6.4.5 Greenfield Products, LLC

      6. 6.4.6 Thrive Market

      7. 6.4.7 Goya Foods, Inc.

      8. 6.4.8 Grace Foods Canada Inc.

      9. 6.4.9 Sambu Group

      10. 6.4.10 Thaitan Foods International Co,.Ltd.

      11. 6.4.11 Maya Gold Trading BV

      12. 6.4.12 Celebes Coconut Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Coconut Cream Market market is studied from 2016 - 2026.

The Coconut Cream Market is growing at a CAGR of 7.2% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Nestle SA, Edward & Sons Trading Co., Windmill Organics Limited, McCormick & Company, Inc., Greenfield Products, LLC are the major companies operating in Coconut Cream Market.

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