Global Coconut Derivatives Market Size, Share & Trends Report 2019-2027 (PDF)
The Global Coconut Derivatives market size was valued at USD 11.05 Billion in 2019 and it is anticipated to reach USD 23.39 Billion by 2027 as per a new market research report published by UpGraph Research.
Coconuts have a high nutritious value and are widely consumed due to the wide variety of health benefits and applications available. Antioxidants, vitamins, and minerals abound in coconut items. Coconut and coconut-related items are mainly common in tropical areas where it is widely grown. Coconut oil, coconut milk, coconut water, coconut sugar, and coconut flour are all examples of coconut derivatives. Weight loss, improved skin appearance, hair growth and nourishment, and enhanced digestion are all advantages of coconut-based cosmetics.
Increasing public understanding of the health benefits of coconuts and their derivatives in both developed and developing countries is expected to accelerate global demand development. Other factors driving the target market’s growth include the rising use of coconut oil in the cosmetics industry and the rising demand for coconut oil for household use. The growing use of coconut products in the food industry, especially in developing countries, is expected to propel the global market forward. Furthermore, the female demand for coconut and coconut oil-based beauty items such as shampoos and moisturizers is expected to drive the global coconut derivatives market over the next ten years. Furthermore, the availability of unrefined and chemical-free coconut goods is expected to generate significant sales for market participants.
The segments of the Global Coconut Derivatives market on the basis of derivatives type are Coconut Oil, Coconut Water, Coconut Flour, Coconut Sugar, and Coconut Milk/ Cream. In the global market, the coconut oil segment is expected to have the largest sales share. This is due to the high content of healthy fats in coconut oil, which aids in fat burning and energy production in the body. Furthermore, coconut oil intake promotes the development of healthy cholesterol, which lowers the risk of heart disease. Hair that has been treated with coconut oil is safe, smooth, and long. Coconut oil has anti-inflammatory, antibacterial, anti-aging, and antioxidant properties, which is why it is widely used as a skincare ingredient and for direct application to the body, particularly in developing countries. It’s also used to massage babies to improve their skin tone and stabilise their bones. In countries including China and India, coconut oil is widely used as a cooking oil. Overconsumption of coconut oil, on the other hand, can result in a high saturated fat content in the body, and this, combined with the availability of alternatives such as rice bran oil, olive oil, almond oil, and so on, can pose a challenge to segment development.
Segmented depending on nature it is Organic and conventional. Because of the slowly inclining demand for organic foods, the organic segment is expected to see substantial growth in terms of market size.
According to this study, over the next five years, the Global Coconut Derivatives market will register a 10.54%.CAGR in terms of revenue, the global market size will reach US$ 23.39 billion by 2027, from US$ 11.05 billion in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in the Global Coconut Derivatives market business, shared in Chapter 3
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