Coconut Products Market to Garner $31.1 Bn, Globally, by 2026 at 13.6% CAGR, Says Allied Market Research

- Rise in usage of coconut-based products in food & beverage applications and high demand for coconut oil in the cosmetic industry drive the growth of the global coconut products market

PORTLAND, Oregon, Dec. 16, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Coconut Products Market by Type (Coconut Water, Coconut Oil, Coconut Milk, Dried Coconut Products, and Others), Application (Food, Beverage, Cosmetics, and Others), and Form (Solid and Liquid): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global coconut products industry was pegged at $12.75 billion in 2019 and is projected to reach $31.1 billion by 2026, registering a CAGR of 13.6% from 2019 to 2026.

Major motives for market growth

Rise in usage of coconut-based products in food & beverage applications and high demand for coconut oil in the cosmetic industry have boosted the growth of the global coconut products market. However, the stagnant or slight decline in production of coconut relative to the increasing demand hampers the market growth. On the contrary, growth in consumption of processed food products due to rise in urban population and demand for coconut-based products are expected to create lucrative opportunities in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6178

Coconut oil segment dominated the market

The coconut oil segment held the largest share in 2019, accounted for around half of the global coconut products market, as it is used in wide range of hair and skin care products across the globe. However, the coconut water segment is projected to register the fastest CAGR of 23.8% during the forecast period, owing to increase shift toward fitness and health and increase in demand for natural alternatives to caffeinated and sugar-based energy drinks.

Beverage segment to manifest the fastest growth by 2026

The beverage segment is expected to register the fastest CAGR of 14.7% during the forecast period, owing to increase in demand for coconut water as a natural energy drink due to its nutritional properties. However, the cosmetics segment held the largest share in 2018, contributing to around three-fifths of the global coconut products market, due to growth of their application in skin and hair care products and rise in trend of using organic ingredients in cosmetics.

Asia-Pacific region held the largest share, followed by Europe and North America

The global coconut products market across Asia-Pacific held the largest share in 2018, accounted for nearly three-fifths of the market. Moreover, the region is projected to register the fastest CAGR of 14.3% during the study period. This is due to growing awareness regarding coconut water as a sport or refreshment drink and as an ingredient in clean-label skincare products. On the other hand, the market across North America is projected to register a CAGR of 11.8% during the forecast period.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6178

Major market players 

• The Coconut Company (UK) Ltd.
• Vita Coco 
• Marico Ltd. 
• Metshu exports (PVT) ltd 
• Sambu Group 
• Klassic Coconut 
• Cocomate 
• Universal Coco Indonesia 
• Cocotana Coconut Products 
• Thai Coconut Public Company Limited

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Get Upto 30% Discount on All Published Reports:

Cold-Pressed Oil Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

De-oiled Lecithin Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Pre-book Offer 10% Discount:

Coconut Butter Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Dairy Alternative Beverages Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 

Web: www.alliedmarketresearch.com 
Follow us on: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg