Coconut Market Synopsis

Coconut Market Size Was Valued at USD 3.5 Billion in 2023, and is Projected to Reach USD 8.2 Billion by 2032, Growing at a CAGR of 9.9% From 2024-2032.

The coconut market refers the sale of fresh coconuts and products which have been derived from coconut such as coconut oil, coconut milk, coconut water and desiccated coconut among others. This market transacts because consumers are becoming more conscious with what they eat and for the nutritional and versatile attributes coconuts offer which are used in the food and beverage industry as well as cosmetics and medicine. Some of the leading producers are tropical countries like Philippines, Indonesia, India, Brazil and some of main consumers are from the North American, European and Asia-Pacific countries. Some factors affecting the market include weather and climate, cost, foreign policies on imports and exports, and culture shock for the consumers’ preference for organic and environmentally friendly products.

• The coconut market is a very active and growing segment of the worldwide agricultural business coping with the production, processing, circulation, and consumption of numerous coconut goods. The products include harvested coconuts, virgin coconut oil, coconut cream, coconut juice, coconut meal/four and desiccated coconut which can be used in the Food and Beverage sector and other sub-segments such as Cosmetics and Pharmaceuticals and Health and Wellness industries. Thus, the market’s development is driven by the higher awareness of consumers in relation to the health properties of products based on coconut, namely, a high content of nutrients, fiber, and natural minerals. The major supplier of coconuts include the tropical regions of the globe such as Philippines, Indonesia, India, and Brazil since the climate in these regions is propitious for the growth of coconuts. These countries are very important especially in providing the raw and processed coconut products to the world market destinates that includes North America, Europe and the Asia-Pacific.
• Consequently, the market for coconuts has some specific characteristics which are influenced by climatic fluctuations, costs of production and the world trade policies. The market for the organic and natural coconut products is developing with an increase in the consciousness of health-conscious people. Also the development in technology in processing and packaging of coconut products lead to better shelf life and quality greatly increasing the market. But, some issues like diseases, volatile prices, and big beneficiaries are the issues that affect the market pertaining to coconut. Nonetheless, there are still growth potentialities for the coconut markets of the world and most important investments are being made on the development of improved coconut cultivations techniques as well as producing diversity coconut products.

Coconut Market Trend Analysis

Increasing demand for organic and sustainably sourced coconut products

• Another interesting aspect within the coco market is the growing popularity of organic and fairly traded coconut products. Customers are also more conscious with their health and the environment, which is why the changes are towards products that are not only wholesome for the human body but also friendly to the environment. This trend is best seen in the food and beverages where though the processed products such as organic coconut oil and water, and coconut milk are accepted due to their perceived wholesomeness and health promoting claim.
• Also, issues related to its sourcing methodology including fair trade accreditation and environmentally friendly farming methods are considered to be crucial factors that influence customer’s buying decision since they are served with the social responsibility of equal compensation to farmers and reducing ration on harmful impacts to the world. This trend is placing pressure on the producers and brand owners to be more responsible in their packaging designs and to produce environmentally friendly packaging materials that will meet the new standards in use by the customer.

Development and commercialization of value-added coconut products

• The current market trends also clearly indicate that relatively new opportunity that is yet to be fully exploited in the coconut industry is the production and marketing of high value coconut foods. There is much possibility for new products and service diversification in the global market with coconut related and health appealing products and services such as natural snacks, vitamins and minerals supplements, beauty and health care products, and creative fluid refreshments. For instance, coconut flour and coconut sugar, are trending now as gluten-free or low glycemic, healthier replacements for the usual flour and sugar.
• Likewise, there is a growing use of coconut ingredients in the formulation of cosmetics the benefits, which include the properties of skin moisturizing and anti-inflammation. Any company that can manage to create a link with these niches has the potential of benefiting since such companies can develop high quality specialized products. Also, incorporating aspects of newer processing technologies into the products may help increase the product’s shelf-life and nutritional value, which in return can widen the market and revenue success.

Coconut Market Segment Analysis:

Coconut Market Segmented on the basis of type, application, and end-users.

By Product Type, Coconut Oil segment is expected to dominate the market during the forecast period

• The markets for this niche of product have been diversified in the past years, and the coconut oil segment is expected to lead the market in the forecast period because of the following reasons: Coconut oil has received a lot of attention all over the world due to its uses, including in the culinary and non-culinary fields. In the food industry, it is valued for its unique taste, favorable ability to smoke relatively high, and what is more, widely rumored health benefits such as improving the health of the heart and a potential help in slimming. In addition, due to antioxidant properties and its’ natural constituents derived from medium-chain triglycerides (MCTs) including lauric acid, coconut oil has found itself with a strategic place among consumers interested in a healthy diet and looking for an alternative to traditional vegetable oils.
• Apart from cooking, coconut oil is widely used in the cosmetic and care industries because of its moisturizing abilities and as a component of body and hair care products. It adds to the desirability of these uses due to its antimicrobial and antioxidant qualities. As more and more consumers are growing aware of the non-renewable sources of products and demanding more natural and renewable products along with the constant advancements in processing and formulation this segment of the coconut oil is expected to hold its position in the global market fulfilling the needs of the global consumers and industries.

By Distribution Channel, Supermarket/Hypermarket segment expected to held the largest share

• Out of all the distribution channels in the coconut market, the supermarket and hypermarket distribution channel is predicted to exhibit the largest share in regards to the sales and distribution. These retail formats are more general and successfully gaining access to a broad consumer audience, targeting which the companies can offer a great number of coconut products in their stores. Thus, supermarkets and hypermarkets continue to make shopping easy and convenient, enabling the consumer quickly look for the products of their choice, scan labels, and make comparisons. The fact that they are able to also store young coconuts and at the same time preserving processed coconut products like coconut oil, coconut water and coconut-based snacks, prepares itself to compete with the modern market consumers who are more conscious with what they eat and seeking for natural foods.
• Furthermore, the supply chain of supermarkets and hypermarkets is always strong and well connected, thus making the coconut products virtually accessible all the year round. Since consumers continue to demand coconut food products in new markets, these outlets will be critical over time towards penetrating new markets and escalating dynamism of the markets.

Coconut Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The market analysis shows that Asia Pacific is likely to overtake the others to become the most dominant over the years to come, as this area is the largest supplier and exporter of coconuts to the international market. These include Philippines, Indonesia, India, and Thailand which all have a strategic advantage of having to accommodate the tropical weather that is plus suitable for coconuts. The region’s advantage is further supported by growing enhancements in the coconut farming techniques, improvements in processing equipments and enhancing exportation capacities.
• Further, Asia Pacific countries are located in the right place at the right time to meet the increasing global search for coconut products such as coconut oil, coconut water and coconut based cosmetics and food products. The well-developed infrastructure of agricultural production combined with growing consumer demand and an increasing tendency towards organic and environmentally friendly goods are the key factors that indicate Asia-Pacific region as a major driver of the coconut market’s further evolution and development in the contemporary global environment.

Active Key Players in the Coconut Market

• Archer Daniels Midland Company (ADM) (USA)
• Bunge Limited (USA)
• Cargill (USA)
• Celebes Coconut Corporation (Philippines)
• Groupe Danone (France)
• Nestlé S.A. (Switzerland)
• PepsiCo (USA)
• Primex Group of Companies (Philippines)
• PT Astra Agro Lestari Tbk (Indonesia)
• PT Dharma Satya Nusantara Tbk (Indonesia)
• PT Indofood Sukses Makmur Tbk (Indonesia)
• Sambu Group (Indonesia)
• Sococo (Brazil)
• The Coca-Cola Company (USA)
• Tropical General Investments (TGI) Group (Nigeria)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Coconut Market by Product Type
 4.1 Coconut Market Snapshot and Growth Engine
 4.2 Coconut Market Overview
 4.3 Coconut Oil
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Coconut Oil: Geographic Segmentation Analysis
 4.4 Coconut Water
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Coconut Water: Geographic Segmentation Analysis
 4.5 Coconut Milk
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Coconut Milk: Geographic Segmentation Analysis
 4.6 Desiccated Coconut
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Desiccated Coconut: Geographic Segmentation Analysis
 4.7 Other Product Types
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Other Product Types: Geographic Segmentation Analysis

Chapter 5: Coconut Market by Distribution channel
 5.1 Coconut Market Snapshot and Growth Engine
 5.2 Coconut Market Overview
 5.3 Supermarket/Hypermarket
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Supermarket/Hypermarket: Geographic Segmentation Analysis
 5.4 Convenience/Grocery Stores
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Convenience/Grocery Stores: Geographic Segmentation Analysis
 5.5 Online Retail Stores
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Online Retail Stores: Geographic Segmentation Analysis
 5.6 Other Distribution Channels
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Other Distribution Channels: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Coconut Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 ARCHER DANIELS MIDLAND COMPANY (ADM) (USA)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BUNGE LIMITED (USA)
 6.4 CARGILL (USA)
 6.5 CELEBES COCONUT CORPORATION (PHILIPPINES)
 6.6 GROUPE DANONE (FRANCE)
 6.7 NESTLÉ S.A. (SWITZERLAND)
 6.8 OTHER MAJOR PLAYERS

Chapter 7: Global Coconut Market By Region
 7.1 Overview
 7.2. North America Coconut Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Product Type
   7.2.4.1 Coconut Oil
   7.2.4.2 Coconut Water
   7.2.4.3 Coconut Milk
   7.2.4.4 Desiccated Coconut
   7.2.4.5 Other Product Types
  7.2.5 Historic and Forecasted Market Size By Distribution channel
   7.2.5.1 Supermarket/Hypermarket
   7.2.5.2 Convenience/Grocery Stores
   7.2.5.3 Online Retail Stores
   7.2.5.4 Other Distribution Channels
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Coconut Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Product Type
   7.3.4.1 Coconut Oil
   7.3.4.2 Coconut Water
   7.3.4.3 Coconut Milk
   7.3.4.4 Desiccated Coconut
   7.3.4.5 Other Product Types
  7.3.5 Historic and Forecasted Market Size By Distribution channel
   7.3.5.1 Supermarket/Hypermarket
   7.3.5.2 Convenience/Grocery Stores
   7.3.5.3 Online Retail Stores
   7.3.5.4 Other Distribution Channels
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Coconut Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Product Type
   7.4.4.1 Coconut Oil
   7.4.4.2 Coconut Water
   7.4.4.3 Coconut Milk
   7.4.4.4 Desiccated Coconut
   7.4.4.5 Other Product Types
  7.4.5 Historic and Forecasted Market Size By Distribution channel
   7.4.5.1 Supermarket/Hypermarket
   7.4.5.2 Convenience/Grocery Stores
   7.4.5.3 Online Retail Stores
   7.4.5.4 Other Distribution Channels
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Coconut Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Product Type
   7.5.4.1 Coconut Oil
   7.5.4.2 Coconut Water
   7.5.4.3 Coconut Milk
   7.5.4.4 Desiccated Coconut
   7.5.4.5 Other Product Types
  7.5.5 Historic and Forecasted Market Size By Distribution channel
   7.5.5.1 Supermarket/Hypermarket
   7.5.5.2 Convenience/Grocery Stores
   7.5.5.3 Online Retail Stores
   7.5.5.4 Other Distribution Channels
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Coconut Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Product Type
   7.6.4.1 Coconut Oil
   7.6.4.2 Coconut Water
   7.6.4.3 Coconut Milk
   7.6.4.4 Desiccated Coconut
   7.6.4.5 Other Product Types
  7.6.5 Historic and Forecasted Market Size By Distribution channel
   7.6.5.1 Supermarket/Hypermarket
   7.6.5.2 Convenience/Grocery Stores
   7.6.5.3 Online Retail Stores
   7.6.5.4 Other Distribution Channels
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Coconut Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Product Type
   7.7.4.1 Coconut Oil
   7.7.4.2 Coconut Water
   7.7.4.3 Coconut Milk
   7.7.4.4 Desiccated Coconut
   7.7.4.5 Other Product Types
  7.7.5 Historic and Forecasted Market Size By Distribution channel
   7.7.5.1 Supermarket/Hypermarket
   7.7.5.2 Convenience/Grocery Stores
   7.7.5.3 Online Retail Stores
   7.7.5.4 Other Distribution Channels
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research