Global coconut market size in 2018 was valued at more than USD 58 billion and is expected to grow at a CAGR of 5.8% over the forecast period.
Dallas, United States - November 6, 2020 /MarketersMedia/ —
The global coconut market growth is directly proportional to multiple applications of coconut derivatives across industries and verticals. Improved production of coconut and constant demand upsurge are likely to maneuver steady growth returns in global coconut market in the coming years. This report on global coconut market under the title, ‘Global Coconut Market by Types and Application, Forecast 2020-2024’ gauges at recent market developments and ongoing trends that fetch incremental growth in global coconut market.
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To remain industry specific, leading players in global coconut market are specifically leveraging in facility expansion and production betterment to improve market sustenance capabilities. With emergence of novel market players, competition is likely to escalate further in global coconut market in the coming years. F&B and cosmetic industries are expected to remain atop consumption patterns. With growing consumer preferences for chemical free cosmetic products, personal care industry is fast embracing coconut oil as a favorable substitute and base. Additionally, health enthusiast are routinely asking for improved beverage and food items which is further promoting coconut water as a logical alternative to colas and aerated drinks.
Thorough research postulates documented in the report are directed to aid market players with crucial business specific understanding on ongoing market developments, dominant trends, market segmentation as well as competition and regional overview based on which new market aspirants as well as established players in global coconut market can effectively deliver growth specific business discretion to fetch paramount growth and consistent stability in global coconut market.
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The report besides highlighting on market definition also elaborates on market overview, executive summary as well as regional and competitive landscape based on which new as well as established players in global coconut market can successfully deliver growth oriented business discretion. Based on market segmentation the report houses type and applications as core market segments. By type the market outlines coconut water, oil, milk, snacks, fiber, and desiccated coconut as potential segment types.
In terms of application the market is further categorized into F&B, cosmetics, textile, and healthcare types as dominant application areas. A look into regional diversification is also included in the report highlighting Europe, Americas, APAC, and MEA as core growth hubs. Further in the report, readers are also equipped with decisive understanding on competition spectrum highlighting industry forerunners, complete with their growth specific initiatives and portfolio and company portfolios. A thorough analysis of these factors allow market players to fabricate and deliver growth specific market discretion.
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In terms of market competition, the global coconut industry is highly fragmented in nature as large number of small players and well-established food & beverage manufacturers are operating in this industry. Some prominent players are Vita Coco, PepsiCo, Coconut Palm Group Co. Ltd. (Yeshu), THE COCA-COLA COMPANY (ZICO Beverages LLC), KKP Industries, Dutch Plantin Coir India Pvt. Ltd, THEPPADUNGPORN COCONUT CO., LTD, COCO& CO, and PT. Global Coconut.
Key segments of the global coconut market
Type Overview, 2014 – 2024 (Kilo Tons) (USD Million)
Coconut water
Coconut Oil
Coconut Milk
Coconut Snacks
Coconut Desiccated
Coconut Fibre
Others
Application Overview, 2014 – 2024 (Kilo Tons) (USD Million)
Food & Beverage
Cosmetics
Healthcare
Textile
Regional Overview, 2014 – 2024 (Kilo Tons) (USD Million)
Americas
S.
Canada
Mexico
Brazil
Europe
Germany
France
UK
Italy
Russia
Spain
Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC
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What does the report include?
The study on the global coconut market includes qualitative aspects such as market drivers, restraints, trends, opportunities, value chain, and strategic framework
The study covers quantitative and qualitative assessment of the coconut market segmented by type, application and region.
Market size estimation and forecast have been provided for all the above-mentioned segments
The coconut industry contains the profiles of leading producers with a significant global and regional presence
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Source: MarketersMedia
Release ID: 88984725
