The global coconut products market was valued at US$ 5.7 Billion in 2018, according to Coconut Products Market Report, by Form (Solid and Liquid), by Products (Coconut Powder, Coconut Water, Coconut Milk/Cream, Coconut Oil, Desiccated Coconut, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights.
The global coconut products market is projected to reach US$ 13.14 Billion by 2027, exhibiting a CAGR of 9.9% during the forecast period. Increasing preference for lactose-free products, vegan products, and natural ingredients in confectionary market is leading to high demand for coconut sugar, coconut milk, and coconut milk powder. Health benefits offered by coconut products are an important driver for growth of the market. For instance, coconut milk powder prevents anemia, regulates heart functioning and breathing, and offers anti-bacterial and anti-viral benefits.
However, fluctuating prices of coconut oil and coconut are expected to negatively impact growth of the market.
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Browse 25 market data tables* and 15 figures* on "Coconut Products Market” – Global forecast to 2026.
Key Trends and Analysis of the Coconut Products Market:
Key Takeaways of the Market:
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