Coconut Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Coconut Products Market is Segmented by Product Type (Coconut Oil, Coconut Water, Coconut Milk, Desiccated Coconut, and Other Product Types), Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Grocery Stores, Online Retailing, and Other Distribution Channels), and Geography.

Market Snapshot

coconut products market overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: 9.65 %
coconut products market key players

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Market Overview

The coconut products market is forecast to witness a CAGR of 9.65% during the forecast period (2020-2025).

  • The growing preference toward healthier dairy milk alternatives and naturalness is 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 a significant share in the market with its growing usage as cooking oil, coupled with its benefits in skin and hair care.

Scope of the Report

The coconut products market is segmented by product type into coconut oil, coconut water, coconut milk, desiccated coconut, and other product types. The market is segmented by distribution channel into supermarket/hypermarket, convenience stores, grocery stores, online retailing, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

By Product Type
Coconut Oil
Coconut Water
Coconut Milk
Desiccated Coconut
Other Product Types
By Distribution Channel
Convenience Stores
Grocery Stores
Online Retailing
Other Distribution Channels
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Health Benefits of Coconut Driving the Sales

Coconut products are gaining popularity in the market majorly among health-conscious consumers. Unlike many other fruits that are high in carbs, coconuts provide mostly fat. They also contain protein, several vital minerals, and small amounts of B vitamins. However, they’re not a significant source of most other vitamins. Health benefits of coconut milk are the primary factors leading to the demand for 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 help with 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 vital minerals, especially manganese, and copper supports enzyme function and fat metabolism; copper assists bone formation and heart health. Likewise, coconut water is another product with a higher acceptance among the consumers, as drinking coconut water may help reduce heart disease risk.

coconut products market trends

The 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 its long shelf life 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.

coconut products market share

Competitive Landscape

The coconut products market is fragmented, with the presence of various small and large players. The market has found a growing demand as a dairy alternative. Most of the players in the market are based in Asia-Pacific, due to the higher production in the region.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study



    1. 3.1 Market Overview


    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


    1. 5.1 By Product Type

      1. 5.1.1 Coconut Oil

      2. 5.1.2 Coconut Water

      3. 5.1.3 Coconut Milk

      4. 5.1.4 Desiccated Coconut

      5. 5.1.5 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarket/Hypermarket

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Grocery Stores

      4. 5.2.4 Online Retailing

      5. 5.2.5 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Spain

        2. United Kingdom

        3. Germany

        4. France

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Indonesia

        6. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle-East and Africa


    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 Sambu Group

      2. 6.4.2 Cocotana

      3. 6.4.3 Cocomate

      4. 6.4.4 Dream

      5. 6.4.5 PT. Pacific Eastern Coconut Utama

      6. 6.4.6 Danone(THE WHITEWAVE FOODS COMPANY)

      7. 6.4.7 Vita Coco

      8. 6.4.8 Marico

    5. *List Not Exhaustive

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Frequently Asked Questions

The Global Coconut Products Market market is studied from 2016 - 2026.

The Global Coconut Products Market is growing at a CAGR of 9.65% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Cocomate, Vita Coco, Danone(THE WHITEWAVE FOODS COMPANY), COCOTANA are the major companies operating in Global Coconut Products Market.

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