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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Coconut Derivatives Market Growth
Coconut derivative products offer various benefits across different categories. Coconut water is an excellent hydrating drink rich in electrolytes, low in calories, and packed with nutrients. Coconut oil, supports metabolism, weight loss, and heart health, and is useful in cooking. The cosmetics sector uses coconut oil for its moisturising and antimicrobial properties. These benefits drive their popularity in the food, health, and cosmetic industries.
According to the FAO, the increase in global coconut production reached 64 million tonnes in 2021 from 62.8 million tonnes in 2020. This boosts the coconut derivatives industry revenue by increasing supply, reducing costs, enabling market expansion, fostering innovation, enhancing global reach, and promoting sustainable growth.
Coconut Derivatives Market Report Snapshots
Coconut Derivatives Market Size
Coconut Derivatives Market Growth
Coconut Derivatives Market Trends
Coconut Derivatives Market Share
Coconut Derivatives Manufacturers
Coconut Derivatives Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The coconut derivatives market was valued at USD 15.18 billion in 2023.
The revenue generated from the coconut derivatives market is expected to reach USD 36.39 billion in 2032.
The market drivers include increasing awareness about the health benefits of coconut and coconut-based products, expanding cultivation of coconuts, rising demand for coconut water, and easy availability through expanding distribution channels.
The key trends which are expected to positively influence the market growth include the expanding use in the food and beverages sector, government initiatives, and introduction of new coconut products.
The major types considered in the market are mature and young.
The market is categorised according to the derivatives products, which include coconut water, coconut oil, coconut milk, desiccated coconut, and others.
Based on the end use, the market is divided into food and beverages, cosmetics, pharmaceuticals, and others.
The market is projected to grow at a CAGR of 10.20% between 2024 and 2032.
The market key players are Axelum Resources Corp., Jaka Investments Corporation, Celebes Coconut Corporation, PT. Global Coconut, and The Vita Coco Company, Inc. among others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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