Coconut Products Market embraces trends driven by increasing popularity of plant-based foods

Coconut Products Market is Estimated to Witness High Growth Owing to Increasing Health Benefits Awareness

The coconut products market includes products derived from coconut including coconut water, coconut oil, coconut powder, and many others. Coconut has many advantages like it is filling, boosts metabolism, supports heart health, and many more. It has gained popularity due to various health benefits associated with its regular consumption. Coconut is in high demand among health-conscious consumers looking for natural and organic food and beverages options.

The Global coconut products market is estimated to be valued at US$ 6.7 Bn in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the coconut products are The Coconut Company (UK) Ltd., Marico Ltd., Enature Organic Products, Ayam Sarl, Nestlé S.A., Renuka Foods PLC, S & P Industries Sdn Bhd, Shriram Coconut Products Limited, Star Heritage Products, and Pulau Sambu Singapore Pte Ltd. The key players are focusing on strategic partnerships and innovations to strengthen their market position.

The market provides numerous opportunities for market players owing to increasing demand for natural and organic food products. Also, growing western influence and health-conscious consumers are willing to pay premium prices for value-added coconut products.

The coconut products market is expanding globally due to rising export demand from developed regions including North America and Europe. The manufacturers are focusing on these regions for new market opportunities.

Market drivers
Increasing health benefits awareness among consumers is the major factor driving the growth of coconut products market. Consumers are becoming aware of numerous health benefits of coconut like weight management, heart health, diabetes management and many other benefits. This increasing awareness regarding health advantages is driving greater demand for coconut produc