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Coconut Derivatives Market Share, Growth, Opportunities 2031
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Coconut Derivatives Market Share, Growth, Opportunities 2031

Segments - Coconut Derivatives Market by Type (Young and Mature), Product Derivatives (Coconut Oil, Coconut Water, Coconut Milk, and Desiccated Coconut), End-user (Food & Beverages, Cosmetics, and Pharmaceuticals), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-4978 | 4.2 Rating | 72 Reviews | 211 Pages | Format : PDF Excel PPT

Report Description


The global coconut derivatives market size was USD 14 Bn in 2022 and is likely to reach USD 27.5 Bn by 2031, expanding at a CAGR of 10.51% during 2023–2031. The market growth is attributed to the rising demand for natural and organic-based personal care products.

Coconuts are exceptionally rich in manganese, which is efficient for bone health and the metabolism of carbohydrates, proteins, and cholesterol. A fresh piece of coconut provides about 150-160 calories, 1.5 grams of protein, 9 grams of fiber, and about 15 grams of fat.

Global Coconut Derivatives Market Forecast

Coconuts are called superfoods due to their immense composition of micro and macro nutrition found in them. It has anti-inflammatory properties which are good for the skin, hair, weight management, and bones. Virgin coconut oil is beneficial in improving slow digestion and helps in insulin resistance to regulate the blood sugar level.

Coconut derivatives are attained from coconut meat, coconut water, coconut flour, and shredded and desiccated coconut. These products have multiple applications food & beverages, pharmaceuticals, and personal care. According to the Plant-Based Food Association, U.S., sales of plant-based food and milk increased by 11% and 5% respectively.

COVID-19 negatively impacted the global coconut derivatives market due to the limited availability of raw materials, which affected the processing capacity, increased prices, and disrupted the supply chain. Post-pandemic increasing health concerns and awareness of coconut derivatives benefits, the demand for coconut derivatives increased at a substantial rate.

  • Rising demand for plant-based and natural ingredients in various industries is driving the coconut derivatives market.
  • Rising consumption of coconut oil for the cosmetic and skincare industry has increased the demand for coconut derivatives from 1.51 million metric tons to 1.79 million metric tons.
  • Instabilities in coconut production due to climatic changes are hampering the growth of the coconut derivative market.
  • Growing preference for vegan diets is fueling the growth of the coconut derivative market.

Scope of Coconut Derivates Market Report

The report on the global coconut derivates market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Coconut Derivatives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2020 – 2021

Forecast Period

2023–2031

Segmentation

Type (Young and Mature), Product Derivative (Coconut Oil, Coconut Water, Coconut Milk, and Desiccated Coconut), and End-user (Food & Beverages, Cosmetics, and Pharmaceuticals)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill, Incorporated; Barry Callebaut; Lovenature Superfoods; ConnOils LLC; Red V Foods Corp; Rosun Groups; Brusco; Naturz Organics; DAVIDSUN COCONUT PRODUCTS; Axelum ResourcesCorp.; Jaka Investments Corporation; Celebes Coconut Corporation; PT. Global Coconut; The Vita Coco Company, Inc.; Danone S.A.; Agrim Pte Ltd.; Hain Celestial Group, Inc.; and Superstar Coconut Products Co., Inc.

Coconut Derivates Market Segment Insights

Based on type, the market is bifurcated into young and mature. The mature segment is expected to expand at a significant growth rate during the projection period and holds a major market share, owing to its high flesh content and low cost. Furthermore, mature coconuts are dried to extract coconut oil, which is highly in demand.

Global Coconut Derivatives Market Type

Based on product derivatives, the global market is segregated into coconut oil, coconut water, coconut milk, and desiccated coconut. The coconut water segment is projected to register a considerable CAGR during the forecast period, due to the rising demand for coconut water in emerging economies. Growing adoption of healthier drinks is one of the factors, driving coconut water in the food & beverage industry.

On the basis of end-user, the market is segmented into food & beverages, cosmetics, and pharmaceuticals. The cosmetics segment is expected to register a robust growth rate during the forecast period, owing to the high consumption of coconut derivatives such as coconut oil, coconut milk, and coconut cream to produce cosmetic products. Increasing consumer interest in sustainable products is boosting the cosmetic segment in the coconut derivatives market.

Global Coconut Derivatives Market End User

In terms of region, the global coconut derivatives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific is expected to dominate the market during the forecast period attributed to the increasing trade and export activities between Asian countries and other regions. The climate of Asian countries is quite suitable for coconut production, boosting the market in the region.

The market in Europe is likely to grow at a substantial growth rate, due to increasing health concerns and awareness towards plant-based food. Consumers in Europe are greatly inclined toward vegan and animal-friendly products, rising the demand for coconut derivatives such as coconut milk, coconut oil, and coconut cream propelling the growth of the coconut derivatives market.

Global Coconut Derivatives Market Region

Segments

The global market has been segmented on the basis of

Type

  • Young
  • Mature

Product Derivatives

  • Coconut Oil
  • Coconut Water
  • Coconut Milk
  • Desiccated Coconut

End-user

  • Food & Beverages
  • Cosmetics
  • Pharmaceutical

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Cargill, Incorporated
  • Barry Callebaut
  • Lovenature Superfoods
  • ConnOils LLC
  • Red V Foods Corp
  • Rosun Groups
  • Brusco; Naturz Organics
  • DAVIDSUN COCONUT PRODUCTS
  • Axelum ResourcesCorp.
  • Jaka Investments Corporation
  • Celebes Coconut Corporation
  • PT. Global Coconut
  • The Vita Coco Company, Inc.
  • Danone S.A.
  • Agrim Pte Ltd.
  • Hain Celestial Group, Inc.
  • Superstar Coconut Products Co., Inc.

Competitive Landscape

Key players in the global coconut derivative market are Cargill, Incorporated; Barry Callebaut; Lovenature Superfoods; ConnOils LLC; Red V Foods Corp; Rosun Groups; Brusco; Naturz Organics; DAVIDSUN COCONUT PRODUCTS; Axelum ResourcesCorp.; Jaka Investments Corporation; Celebes Coconut Corporation; PT. Global Coconut; The Vita Coco Company, Inc.; Danone S.A.; Agrim Pte Ltd.; Hain Celestial Group, Inc.; and Superstar Coconut Products Co., Inc.

These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.

  • In September 2020, EVR Foods launched plant-based milk and creamers made from coconut water and pili nuts under its brand Lavva, which is best known for plant-based yogurts.
  • In July 2020, Danone S.A. launched plant-based yogurt made using coconut milk. Rising the trend of coconut milk over dairy milk.
Global Coconut Derivatives Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Coconut Derivatives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Coconut Derivatives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Coconut Derivatives Market - Supply Chain
  4.5. Global Coconut Derivatives Market Forecast
     4.5.1. Coconut Derivatives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Coconut Derivatives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Coconut Derivatives Market Absolute $ Opportunity
5. Global Coconut Derivatives Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Coconut Derivatives Market Size and Volume Forecast by Types
     5.3.1. Young
     5.3.2. Mature
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Coconut Derivatives Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Coconut Derivatives Market Size and Volume Forecast by End Users
     6.3.1. Food & Beverages
     6.3.2. Cosmetics
     6.3.3. Pharmaceutical
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Coconut Derivatives Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Coconut Derivatives Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Coconut Derivatives Demand Share Forecast, 2019-2026
8. North America Coconut Derivatives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Coconut Derivatives Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Coconut Derivatives Market Size and Volume Forecast by Types
     8.4.1. Young
     8.4.2. Mature
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Coconut Derivatives Market Size and Volume Forecast by End Users
     8.7.1. Food & Beverages
     8.7.2. Cosmetics
     8.7.3. Pharmaceutical
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Coconut Derivatives Demand Share Forecast, 2019-2026
9. Latin America Coconut Derivatives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Coconut Derivatives Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Coconut Derivatives Market Size and Volume Forecast by Types
     9.4.1. Young
     9.4.2. Mature
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Coconut Derivatives Market Size and Volume Forecast by End Users
     9.7.1. Food & Beverages
     9.7.2. Cosmetics
     9.7.3. Pharmaceutical
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Coconut Derivatives Demand Share Forecast, 2019-2026
10. Europe Coconut Derivatives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Coconut Derivatives Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Coconut Derivatives Market Size and Volume Forecast by Types
     10.4.1. Young
     10.4.2. Mature
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Coconut Derivatives Market Size and Volume Forecast by End Users
     10.7.1. Food & Beverages
     10.7.2. Cosmetics
     10.7.3. Pharmaceutical
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Coconut Derivatives Demand Share Forecast, 2019-2026
11. Asia Pacific Coconut Derivatives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Coconut Derivatives Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Coconut Derivatives Market Size and Volume Forecast by Types
     11.4.1. Young
     11.4.2. Mature
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Coconut Derivatives Market Size and Volume Forecast by End Users
     11.7.1. Food & Beverages
     11.7.2. Cosmetics
     11.7.3. Pharmaceutical
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Coconut Derivatives Demand Share Forecast, 2019-2026
12. Middle East & Africa Coconut Derivatives Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Coconut Derivatives Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Coconut Derivatives Market Size and Volume Forecast by Types
     12.4.1. Young
     12.4.2. Mature
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Coconut Derivatives Market Size and Volume Forecast by End Users
     12.7.1. Food & Beverages
     12.7.2. Cosmetics
     12.7.3. Pharmaceutical
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Coconut Derivatives Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Coconut Derivatives Market: Market Share Analysis
  13.2. Coconut Derivatives Distributors and Customers
  13.3. Coconut Derivatives Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Cargill, Incorporated
     13.4.2. Barry Callebaut
     13.4.3. Lovenature Superfoods
     13.4.4. ConnOils LLC
     13.4.5. Red V Foods Corp
     13.4.6. Rosun Groups
     13.4.7. Brusco; Naturz Organics
     13.4.8. DAVIDSUN COCONUT PRODUCTS
     13.4.9. Axelum ResourcesCorp.
     13.4.10. Jaka Investments Corporation
     13.4.11. Celebes Coconut Corporation
     13.4.12. PT. Global Coconut
     13.4.13. The Vita Coco Company, Inc.
     13.4.14. Danone S.A.
     13.4.15. Agrim Pte Ltd.
     13.4.16. Hain Celestial Group, Inc.
     13.4.17. Superstar Coconut Products Co., Inc.

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