Global Coconut Product Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2020-2026

Infinium Global Research’s recent report on the “Coconut Product Market (By Product Type (Desiccated Coconut, Coconut Oil, Coconut water, Kernel Based,Others), By Application (Food, Beverages, Cosmetics, Others), By Distribution (Supermarkets/Hypermarkets, General Stores, Online, Others)): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2026” provides a comprehensive outline of the factors responsible for the growth of the market. Global Coconut Product Market to grow with a CAGR of more than12% over the forecast years.

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There are Several Health Benefits from the Presence of Various Components in Coconut Milk

 The CAGR of Coconut Product Market is projected to grow with more than 12.5%. The market size in 2019 was USD 12.81 Billion. Coconut and coconut products have always been the part of people’s kitchen and lifestyle over a brief period of time. Coconut has variety of characteristics and numerous health benefits. Coconut tree is called as Kalpa Vriksha in Sanskrit. Kalpa Vriksha means the tree that provides everything that is necessary for living. Coconut as a fruit is highly nutritious. Coconut oil finds its application in cooking and cosmetic products. Coconut water and flesh are important ingredients of many dietary and confectionary food products.

Coconut milk is lactose free and can be used as a substitute for milk by people who are lactose intolerant. There are several health benefits from the presence of various components in coconut milk. Lauric acid in coconut milk serves as antiviral and antibacterial agent, magnesium controls the blood sugar level, phosphorus strengthens the bones, selenium decreases the joint inflammation, and manganese helps to prevent osteoporosis.It is considered that coconut flour is a strong source of protein and fiber. The growing awareness regarding health consciousness, rising demand from food, beverages and cosmetics is driving the market and the emergence of new applications and new products is opening door for new opportunities for the market.

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The closing of manufacturing and production facilities caused a shortage in the inventories of products. The restrictions put on carrying out operations of the manufacturing facilities also affected the market. The supply chains also faced other difficulties aroused due to the covid-19 pandemic. There was also a shortage of raw materials required for producing coconut products. This shortage of raw materials was caused due to the low availability of means of transport from plantations to manufacturing facilities. International logistics have also become costlier due to the covid-19 pandemic. Though there was a high demand for products due to panic buying by people the market experienced a sharp fall in demand fora short period of time. The subsiding of the Covid-19 pandemic and constant increase in demand is helping the market to return towards normalcy. Infinium Global Research’s recent report on the

Coconut  Oil to Dominate the Product Type Segment of Market.

Coconut oil is anticipated to dominate the product type segment of the market. There is increasing demand for coconut oil from its application and industries such as food,beverages and cosmetics. Rising awareness regarding health and fitness and health benefits offered by coconut oil is fuelling this demand. The benefits of coconut oil on hair oil, good effects of coconut cream on skin are the reason for rise in demand from cosmetics. The emerging kernel based products such cookies and chips will also experience significant growth. While Supermarkets and Hypermarkets are expected to be the main channel of distribution for coconut products. The online platforms are emerging as a new method of distribution system and hence will experience significant growth.Infinium Global Research’s recent report on the

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Asia-Pacific to be the Dominant Region in Smart Display Market

Geographically, Asia-Europe is anticipated to be the highest revenue generating region of the market.  Second and third highest revenue generating region are expected to be North America and Europe respectively. The Asia-pacific region will experience significant growth and is expected to hold the largest share of the market. It is no surprise as Asia-Pacific is the major coconut producing and exporting region. It is majorly due to favorable conditions for coconut plantations. Indonesia, Philippines, India, Srilanka from this region are among top 5 coconut producing countries in the world. Coconut and coconut products are important part of the people’s diet and cuisines of many countries in Asia-Pacific specifically India and China. So demand is expected to always remain high. In North America and Europe coconut products are becoming popular among the people as awareness and importance regarding fitness and health is increasing. Another reason for people turning towards coconut products are the numerous health benefits they offer.

Companies Operating in Coconut Product Market to Focus on Launching of New Products

With presence of well-established players and regional dominance of small and medium companies make the coconut products highly fragmented. Thus, this highly fragmented nature of the market leads to fierce competition among companies. The multinational companies that operate in the market areCargill, Incorporated, Danone S.A., The Procter & Gamble Company and regional companies that operate in the market areThe Coconut Company (UK) Ltd.Universal Coco Indonesia and others .The companies are focusing on new products like Coco Soul products range by Marico Limited in 2019 and Organic Virgin Coconut Oil by Just Organik in 2018.Infinium Global Research’s recent report on the Global Coconut Products Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments the global market.

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