; Creamed Coconut Market Size, Share and Forecast Report 2031

Creamed Coconut Market

Creamed Coconut Market: By Source (Organic, Conventional), By Distribution Channel (Direct Sales, Indirect Sales), By End User (Food & Beverages, Cosmetics & Personal Care, Household, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031

Published on: May-2023
Report Code: FG F&B 01533
No. of Pages: 170-350
Report Format: PDF

Product Overview

The mature coconut's fresh pulp, which has been dehydrated and left unsweetened, is mashed to a semi-solid, creamy white paste to create creamed coconut, also known as coconut butter. It is offered for sale as a stiff, white block that can be kept at room temperature. The block is typically wrapped in a plastic bag that is tightly sealed, and some separation of the coconut meat and fat can be visible. Before adding it to meals in cooking, it is chopped or grated. It can be converted into coconut milk or coconut cream replacements by adding warm water.

Market Highlights

Global Creamed Coconut Market is expected to project a notable CAGR of 6.9% in 2031.

Global Creamed Coconut Market to surpass USD 7.7 billion by 2031 from USD 4 billion in 2021 at a CAGR of 6.9% in the coming years, i.e., 2021-2031. The global veganism trend, the rise in creamed coconut-based product developments, and the expanding product demand in the cosmetics industry are some of the factors that have contributed to the market's expansion. Additionally, the rising demand for creamed coconut for treating ailments including diabetes, arthritis, and Alzheimer's disease is anticipated to boost market expansion in the years to come.

Market Analysis of Global Creamed Coconut Market

Global Creamed Coconut Market: Segments

The Organic segment is expected to grow with the highest CAGR during 2021-31

Based on Source, the global Creamed Coconut Market is fragmented into Organic and Conventional. The main revenue-producing segment in 2020 will be the Organic section. This is mostly due to rising health consciousness among consumers, which raises demand for better products and boosts consumer adoption of organic coconut cream. Additionally, organic coconut cream includes high levels of fiber in small serving size and is a rich source of vitamin C, vitamin E, magnesium, and calcium, all of which enhance the consumption of the product and spur market expansion.

The Cosmetics & Personal Care segment is expected to grow with the highest CAGR during 2021-31

Global Creamed Coconut Market is classified on the basis of End User into Food & Beverages, Cosmetics & Personal Care, Household, and Others. Due to the industry's growing reliance on coconut-related items, the cosmetics and personal care area is predicted to experience tremendous growth. In addition, creamed coconut is thought to be a crucial component in the creation of deodorants, hair conditioners, and body lotions, which is expected to raise demand for it in the cosmetics sector.

Market Analysis of Global Creamed Coconut

Market Dynamics

Drivers

The Growing Demand for Flavoring Agents in Foods and Veganism Trend

The main factors influencing the growth of the coconut cream market are the increased demand for flavoring ingredients in processed and convenience meals and the expanding dairy-free and vegetarianism trends among consumers. Further driving the global coconut cream market demand for the years 2021–2026 will be the growing use of coconut cream in the food and beverage industry, shifting consumer food preferences, and rapid technological improvement.

Consumer Inclination towards Creamed Coconut due to its Benefits

Additionally, there is an increase in demand for creamed coconut as consumers turn away from other products and toward this one because of the numerous health advantages it offers. Since creamed coconut is frequently consumed for breakfast as a high-energy food, the market for it has experienced rapid expansion recently.

Restraint

Strict Bans on the Export and Plantation Effects on Human Health

The severe export restrictions on coconuts in a number of nations and diseases linked to coconut plantations are the main factors limiting market expansion.

Global Creamed Coconut Market:

Key Players

  • Jaindi Exports (Pvt) Ltd

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • GloryBee
  • Renuka Foods PLC
  • Edward & Sons Trading Co.
  • AB World Foods Limited
  • Lucy Bee Beauty
  • The Bart Ingredients Company Ltd
  • Rapunzel Naturkost GmbH
  • KTC Edibles
  • Tropical Sun Foods
  • Other Prominent Players

Global Creamed Coconut Market: Regions

Global Creamed Coconut Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Over the course of the projection period, Asia Pacific is expected to have the highest market growth thanks to expanding consumer knowledge of the advantages of creamed coconut and rising consumption of coconut-related items there. In addition to these, Asia Pacific customers are anticipated to use creamed coconut more frequently, which is predicted to fuel market expansion in the region.

Creamed Coconut Market: Regions

Impact of COVID-19 on Creamed Coconut Market

The COVID-19 epidemic had a major impact on the expansion of the world market for creamed coconut. Lockdowns during pandemics cause disruptions in the manufacturing sector since fewer human resources are available. Additionally, manufacturers' production capacity is falling, which is hurting the expansion of the global creamed coconut market.

Global Creamed Coconut Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and Rest of Asia Pacific
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Saudi Arabia, Israel, GCC, UAE, South Africa, and Rest of Middle East and Africa

Global Creamed Coconut Market report also contains analysis on:

Creamed Coconut Market Segments:

  • By Source
    • Organic
    • Conventional
  • By Distribution Channel
    • Direct Sales
    • Indirect Sales
  • By End User
    • Food & Beverages
    • Cosmetics & Personal Care
    • Household
    • Others
  • Creamed Coconut Market Dynamics
  • Creamed Coconut Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Creamed Coconut Market Report Scope and Segmentation

Report Attribute

Details

Market size value in 2021

USD 4 billion

Revenue forecast in 2031

USD 7.7 billion

Growth Rate

CAGR of 6.9% from 2021 to 2031

Base year for estimation

2020

Quantitative units

Revenue in USD million and CAGR from 2021 to 2031

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Source, Distribution Channel, End User, and  Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key companies profiled

Jaindi Exports (Pvt) Ltd, GloryBee, Renuka Foods PLC, Edward & Sons Trading Co., AB World Foods Limited, Lucy Bee Beauty, The Bart Ingredients Company Ltd, Rapunzel Naturkost GmbH, KTC Edibles, Tropical Sun Foods, and Other Prominent Players.

 

Frequently Asked Questions (FAQ):

Creamed Coconut Market size was estimated at USD 4 billion in 2021 and is expected to reach USD 7.7 billion in 2031.

Raw coconuts are used to make coconut cream, which is comparable to coconut milk but has less water. Because of its high water content, high fat content, and low acid composition, coconut cream decomposes quickly. Coconut cream is used in many different types of cooking to enhance flavor and lessen heat.

The Organic segment accounted for the largest Creamed Coconut Market share.

. Key players in the Creamed Coconut Market include Jaindi Exports (Pvt) Ltd, GloryBee, Renuka Foods PLC, Edward & Sons Trading Co., AB World Foods Limited, Lucy Bee Beauty, The Bart Ingredients Company Ltd, Rapunzel Naturkost GmbH, KTC Edibles, Tropical Sun Foods, and Other Prominent Players

Industry growth is anticipated to be fueled by the global rise of veganism, an increase in creamed coconut-based product innovations, and expanding product demand in the cosmetics sector.

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