Coconut Products Market Size & Share Analysis - Growth Trends & Forecasts

The Coconut Market Report is Segmented by Product Type (Coconut Oil, Coconut Water, Coconut Milk, Desiccated Coconut, and More), Form ( Liquid and Solid/Powder), Distribution Channel (Supermarket/Hypermarket, Convenience/Grocery Stores, and More), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Coconut Products Market Size and Share

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Coconut Products Market Analysis by Mordor Intelligence

The global coconut products market reached USD 8.33 billion in 2025 and is projected to grow at a CAGR of 7.53% to reach USD 11.98 billion by 2030. This growth trajectory reflects a fundamental shift in consumer preferences toward plant-based alternatives and functional foods, driven by mounting health consciousness and regulatory clarity that positions coconut products favorably against traditional dairy options. The market expansion is further supported by the increasing adoption of coconut products in various culinary applications, particularly among health-conscious consumers seeking vegan and low-calorie alternatives. The coconut industry is witnessing a notable shift towards premium and certified products, reflecting growing consumer awareness about quality and safety standards. As consumer preferences continue to evolve and health awareness grows, the coconut products market is expected to maintain its strong growth momentum in the coming years.

Key Report Takeaways

  • By product type, coconut oil retained 36.77% of the coconut products market share in 2024, while coconut milk and cream are advancing at an 8.75% CAGR through 2030.
  • By form, liquid formats commanded 72.33% of the coconut products market size in 2024, whereas powder and other solid forms are growing fastest at a 9.56% CAGR through 2030.
  • By distribution channel, convenience/grocery stores held 51.87% of the coconut products market size in 2024, yet online retail is expanding at a 9.94% CAGR on the strength of premium and subscription sales.
  • By geography, Asia-Pacific captured 34.76% of the coconut products market share in 2024 and is projected to record the highest regional CAGR at 9.46% through 2030.

Segment Analysis

By Product Type: Oil Dominance Faces Diversification Pressure

In 2024, coconut oil commands a leading 36.77% market share. As consumers increasingly prioritize healthier cooking oils, coconut oil stands out as a favored choice. It's viewed as a natural, chemical-free alternative, boasting a richness in medium-chain triglycerides (MCTs) that many believe bolster energy and metabolism. Moreover, its distinct flavor and aroma have cemented its popularity in health-centric cooking. This is particularly evident in vegan, keto, and paleo diets, where coconut oil often replaces butter or processed oils. Additionally, as consumers increasingly turn to dairy alternatives driven by lactose intolerance and vegan dietary preferences, categories like coconut milk and cream are projected to grow at an impressive 8.75% CAGR through 2030. These products are gaining traction not only as substitutes for traditional dairy but also as ingredients in plant-based recipes and beverages.

With a growing number of consumers diving into baking, healthy snacking, and traditional home recipes, desiccated coconut has emerged as a go-to pantry essential. Its long shelf life, nutritional benefits, and versatility make it a favorite in homemade sweets, desserts, smoothies, granola, and as a topping for cereals and yogurt. The product's high fiber content and natural sweetness appeal to health-conscious individuals seeking alternatives to processed ingredients. The surge in popularity of gluten-free and dairy-free diets has amplified its allure among health-conscious families, as it aligns with the demand for clean-label and allergen-free products. Moreover, as consumers pivot towards natural, plant-based, and functional beverages over sugary sodas and artificial sports drinks, the market for coconut water has seen significant growth. Coconut water is increasingly recognized for its hydration properties, electrolyte content, and suitability as a natural sports drink, further driving its adoption across various demographics.

Market Share
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Note: Segment shares of all individual segments will be available upon report purchase

By Form: Liquid Leadership Challenged by Powder Innovation

Liquid coconut products dominate the market with a 72.33% share in 2024, as consumers prefer ready-to-use formats in beverages and home cooking. These liquid formats benefit from immediate consumption appeal and natural positioning, particularly in coconut water and milk categories where processing minimally alters the original product characteristics. However, solid/powder forms are growing at a 9.56% CAGR, driven by their superior shelf stability and transportation economics, which enable global distribution without cold chain requirements.

Technological advancements in spray-drying and freeze-drying techniques have enhanced the appeal of powder formats by preserving nutritional profiles while extending shelf life. This has created opportunities in protein supplements and functional food applications, where coconut-derived MCTs provide metabolic benefits. The convenience factor of powder formats, particularly in instant beverage mixes and baking applications, appeals to time-constrained consumers who value simple reconstitution methods.

By Distribution Channel: Convenience/Grocery Stores Lead Digital Disruption

In 2024, convenience/grocery stores led the way in distributing packaged coconut products, holding a commanding 51.87% market share. Their success stems from catering to on-the-go consumers and impulsive buyers, especially for items like coconut water and coconut milk-based drinks. With their extensive reach in urban and semi-urban locales, these stores have become the go-to for daily coconut product purchases. Meanwhile, traditional retail channels, such as neighborhood grocery stores and local kirana outlets across the Asia-Pacific, emphasize products like coconut oil, desiccated coconut, and coconut milk. These items are not just cooking essentials but also wellness staples, especially in countries like India, Sri Lanka, and the Philippines.

Online retail is on a rapid ascent, boasting a CAGR of 9.94%. This growth is especially pronounced among tech-savvy shoppers in North America, Europe, and Asia's urban hubs. The online marketplace offers access to niche and premium coconut products, such as USDA-certified organic coconut cream and infused coconut waters, which might be hard to find locally. The allure of these products is heightened by clean-label transparency and hassle-free delivery. Supermarkets and hypermarkets are broadening their horizons, introducing a wider range of coconut-based items and spotlighting value-added products like cold-pressed virgin coconut oil and organic desiccated coconut. Each retail format carves out its niche in engaging consumers: while convenience and traditional stores emphasize daily utility and mass-market reach, supermarkets and e-commerce platforms champion premiumization, product exploration, and lifestyle branding. This collaborative approach fuels the ongoing growth of the global coconut product market.

Market Share
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Geography Analysis

The Asia-Pacific region commands the global coconut products market, boasting a 34.76% share in 2024 and eyeing a leading CAGR of 9.46% through 2030. This surge underscores the region's evolution: once solely a production hub with nations like India, Indonesia, the Philippines, and Sri Lanka at the helm, it's now a burgeoning consumption market. Factors such as rising urbanization, fatter disposable incomes, and a tilt towards plant-based, functional foods are fuelling the appetite for coconut-based beverages, snacks, oils, and dairy alternatives. Notably, the region's robust export capabilities remain intact.

In North America, the United States stands out with a strong demand for coconut products. In 2023, the United States emerged as the second-largest importer of both fresh and dried coconuts, with imports valued at a noteworthy USD 143 million, as reported by the Observatory of Economic Complexity. Health-conscious consumers largely drive the United States. market, evident in the rising popularity of non-dairy alternatives and the ubiquitous presence of coconut ingredients in both mainstream and niche retail outlets. Across the Atlantic, Europe showcases a premium, sustainability-driven market. Nations like Germany, the Netherlands, and the United Kingdom are leaning towards organic, ethically sourced, and sustainably certified coconut offerings. Reinforcing this trend, regulatory frameworks like the EU’s Farm to Fork Strategy emphasize the need for transparent supply chains and sustainable sourcing, particularly for food and personal care sectors.

Meanwhile, markets in South America and the Middle East are ripe for expansion. Players are honing in on strategic positioning, spotlighting coconut's functional benefits, hydration, energy, and digestive health. Yet, they grapple with challenges like logistics, pricing, and ensuring product stability across diverse climates. For example, global players are making inroads into the Middle East and Africa, leveraging United Arab Emirates-centric food and trade events. Highlighting the trend, New Zealand's All Good Coconut Milk made its United Arab Emirates debut in February 2025 at the World of Coffee Dubai, targeting beverage aficionados with its latte, cappuccino, and iced drink-enhancing properties. In sum, the global coconut products market is a tapestry of regional nuances, each demanding tailored strategies in production, positioning, and distribution.

Market Analysis of Coconut Products Market: Forecasted Growth Rate by Region
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Competitive Landscape

The global coconut products market demonstrates moderate consolidated growth, characterized by a balanced competitive landscape between established multinational corporations and specialized regional players. Key companies include Vita Coco Company, ZICO Beverages, Ducoco Alimentos SA, PT. Pulau Sambu, and Coco do Vale, with pure-play coconut specialists like Vita Coco maintaining competitive advantages through their supply chain expertise and brand authenticity.

Companies in the market are increasingly adopting vertical integration strategies, establishing direct relationships with farmers and owning processing facilities to control price volatility and maintain quality standards. For instance, Haycarb PLC, a Sri Lankan-based global leader in activated carbon, has developed strong partnerships with local coconut farmers to secure its supply chain.

Market players continue to innovate with new product launches targeting health-conscious consumers seeking natural alternatives. In February 2025, Whole Moon introduced its coconut milk product, featuring whole coconut meat without additional oils or creams, demonstrating the industry's response to consumer demand for pure, natural coconut products.

Coconut Products Industry Leaders

  1. Zico Rising, Inc.

  2. Ducoco Alimentos SA

  3. The Vita Coco Company, Inc.

  4. Coco do Vale

  5. Sambu Group

  6. *Disclaimer: Major Players sorted in no particular order
Coconut Products Market
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Recent Industry Developments

  • April 2025: PHILCO Food Processing, Inc., part of the Thai World Group of Companies, is investing over PHP 1 billion in a new coconut processing facility in Misamis Oriental, as reported by the Philippine Economic Zone Authority (PEZA). The Philippine Information Agency (PIA) notes that the plant, spanning 39,596 square meters, aims to produce 78,000 tons of ultra-high-temperature-treated coconut milk and frozen coconut meat each year.
  • April 2025: HLB Specialties launched a line of premium drinking coconuts sourced from Costa Rica and Southeast Asia. The company introduced the coconuts at the Viva Fresh show in Houston. These peeled, ready-to-drink coconuts are packed with coconut water for hydration, post-workout recovery, and tropical refreshment. They are available for retail and foodservice.
  • February 2025: Thai Coconut Public Company Limited invested 430 million baht to set up its inaugural international manufacturing plant in Mindanao. Slated to commence operations early next year, this facility is poised to elevate Thai Coconut's production capacity by more than 60%. Furthermore, the company projects a rise in its annual coconut milk production, jumping from 99,000 tons to 155,000 tons. While the factory will initially concentrate on producing canned coconut milk, plans are in place for future diversification into other packaging formats.
  • July 2024: Califia Farms, LLC launched plant-based milk: Organic Coconut Milk. These products are suitable for cereal, coffee, baking, and cooking applications.

Table of Contents for Coconut Products Market Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising health consciousness is driving demand for natural and plant-based products
    • 4.2.2 Coconut water is gaining popularity as a low-calorie hydration beverage
    • 4.2.3 Growth in vegan and dairy-free diets is boosting demand for coconut milk and cream
    • 4.2.4 Growth of ayurveda and traditional medicine is reviving interest in coconut-based remedies
    • 4.2.5 Increasing global culinary use of coconut products is driving demand
    • 4.2.6 E-commerce platforms are expanding access to premium and organic coconut products
  • 4.3 Market Restraints
    • 4.3.1 Price volatility due to weather-sensitive coconut farming affects market stability
    • 4.3.2 Limited shelf life of fresh coconut products hampers supply chain efficiency
    • 4.3.3 Competition from alternative plant-based ingredients (E.G., Almond, oat) limits growth
    • 4.3.4 High processing and export costs reduce margins for manufacturers
  • 4.4 Supply Chain Analysis
  • 4.5 Technology Outlook
  • 4.6 Porter's Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE, USD)

  • 5.1 By Product Type
    • 5.1.1 Coconut Oil
    • 5.1.2 Coconut Water
    • 5.1.3 Coconut Milk and Cream
    • 5.1.4 Desiccated Coconut
    • 5.1.5 Coconut Sugar and Syrup
    • 5.1.6 Others
  • 5.2 By Form
    • 5.2.1 Liquid
    • 5.2.2 Solid/Powder
  • 5.3 By Distribution Channel
    • 5.3.1 Supermarkets/Hypermarkets
    • 5.3.2 Convenience/Grocery Stores
    • 5.3.3 Online Retail Stores
    • 5.3.4 Other Distribution Channels
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 Italy
    • 5.4.2.4 France
    • 5.4.2.5 Spain
    • 5.4.2.6 Netherlands
    • 5.4.2.7 Poland
    • 5.4.2.8 Belgium
    • 5.4.2.9 Sweden
    • 5.4.2.10 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 India
    • 5.4.3.3 Japan
    • 5.4.3.4 Australia
    • 5.4.3.5 Indonesia
    • 5.4.3.6 South Korea
    • 5.4.3.7 Thailand
    • 5.4.3.8 Singapore
    • 5.4.3.9 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Colombia
    • 5.4.4.4 Chile
    • 5.4.4.5 Peru
    • 5.4.4.6 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 South Africa
    • 5.4.5.2 Saudi Arabia
    • 5.4.5.3 United Arab Emirates
    • 5.4.5.4 Nigeria
    • 5.4.5.5 Egypt
    • 5.4.5.6 Morocco
    • 5.4.5.7 Turkey
    • 5.4.5.8 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Coco do Vale
    • 6.4.2 Zico Rising, Inc
    • 6.4.3 Ducoco Alimentos S.A.
    • 6.4.4 The Vita Coco Company, Inc.
    • 6.4.5 Sambu Group
    • 6.4.6 Coconut Palm Group
    • 6.4.7 Theppadungporn Coconut Co.
    • 6.4.8 Danone S.A.
    • 6.4.9 Zhejiang New Dekay Co., Ltd.
    • 6.4.10 Thai Coconut Public Company Limited
    • 6.4.11 Edward & Sons Trading Co.
    • 6.4.12 Thaitan Foods International Co., Ltd.
    • 6.4.13 McCormick & Company, Inc.
    • 6.4.14 Califia Farms, LLC
    • 6.4.15 The Charoen Pokphand Group Company Ltd
    • 6.4.16 Axelum Resources Corp.
    • 6.4.17 Celebes Coconut Corporation
    • 6.4.18 Windmill Organics Limited
    • 6.4.19 Coconut Merchant
    • 6.4.20 Greenfield Products, LLC

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Coconut Products Market Report Scope

Coconut products are those products that have been extracted from coconut. These are natural products, and presently consumers are using these products for several purposes, including culinary applications. The coconut products market is segmented by Product Type into Coconut Oil, Coconut Water, Coconut Milk, Desiccated Coconut, and Other Product Types. By Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience/Grocery stores, Online Retail Stores, and Other Distribution Channels. By Geography, the market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Product Type Coconut Oil
Coconut Water
Coconut Milk and Cream
Desiccated Coconut
Coconut Sugar and Syrup
Others
By Form Liquid
Solid/Powder
By Distribution Channel Supermarkets/Hypermarkets
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
By Product Type
Coconut Oil
Coconut Water
Coconut Milk and Cream
Desiccated Coconut
Coconut Sugar and Syrup
Others
By Form
Liquid
Solid/Powder
By Distribution Channel
Supermarkets/Hypermarkets
Convenience/Grocery Stores
Online Retail Stores
Other Distribution Channels
By Geography
North America United States
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
Italy
France
Spain
Netherlands
Poland
Belgium
Sweden
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Indonesia
South Korea
Thailand
Singapore
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Chile
Peru
Rest of South America
Middle East and Africa South Africa
Saudi Arabia
United Arab Emirates
Nigeria
Egypt
Morocco
Turkey
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current size of the coconut products market?

The coconut products market generated USD 8.33 billion in 2025 and is forecast to reach USD 11.98 billion by 2030.

Which product segment is growing fastest?

Coconut milk and cream are projected to grow at an 8.75% CAGR through 2030 due to rising vegan and dairy-free diets.

Why is Asia-Pacific so important for coconut products?

Asia-Pacific holds 34.76% of global revenue, benefiting from both production hubs and rising domestic consumption, and is expected to expand at a 9.46% CAGR.

How is e-commerce influencing coconut sales?

Online retail is growing at a 9.94% CAGR, offering greater access to premium and organic products while supporting subscription models that stabilize revenue.

What limits coconut supply chain stability?

Weather-related crop volatility in main producing countries reduces output, driving price fluctuations and discouraging long-term investment.

Which companies lead the coconut products industry?

Key players include The Vita Coco Company, Zico Rising, Inc., Sambu Group, Coco do Vale and Ducoco Alimentos each leveraging vertical integration or brand specialization.

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