Global Coconut Products Market Size & Outlook, 2022-2030
Global coconut products market, 2017-2030 (US$M)
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Global coconut products market highlights
- The global coconut products market generated a revenue of USD 20,236.3 million in 2022 and is expected to reach USD 38,577.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8.4% by 2030.
- In terms of segment, coconut oil accounted for a revenue of USD 11,144.9 million in 2022.
- Coconut Water is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 20,236.3 million |
| Market revenue in 2030 | USD 38,577.6 million |
| Growth rate | 8.4% (CAGR from 2022 to 2030) |
| Largest segment | Coconut oil |
| Fastest growing segment | Coconut Water |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coconut Oil, Coconut Water, Coconut Milk, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 25.1% of the global coconut products market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 6,550.3 million by 2030.
Key Regions: U.S. , Brazil , Germany , Netherlands , China
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Coconut Products Market Scope
Coconut Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global coconut products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to coconut products market will help companies and investors design strategic landscapes.
Coconut oil was the largest segment with a revenue share of 55.07% in 2022. Horizon Databook has segmented the Global coconut products market based on coconut oil, coconut water, coconut milk, other products covering the revenue growth of each sub-segment from 2017 to 2030.
Various skin and hair care products use coconut oil or milk as one of the base ingredients. The antioxidant properties of these products are beneficial in anti-ageing creams and for direct application in homemade hair and skin packs. This is expected to fuel market growth over the forecast period. Growing cosmetic market due to its highly competitive nature is encouraging manufacturers to introduce new and innovative cosmetics.
This is contributing to the accelerated growth of this segment. Furthermore, an increased demand for such products in developing countries, including India and China, can be attributed to growing awareness regarding the benefits of using coconut products among consumers and rising disposable income among women.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global coconut products market , including forecasts for subscribers. This global databook contains high-level insights into Global coconut products market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global coconut products market size, by regions, 2017-2030 (US$M)
Top 10 countries: Coconut products market size, 2022 (US$M)
Global coconut products market share, by product, 2022 & 2030 (%, US$M)
Coconut products market: Opportunity assessment by country
Global coconut products market, by region, 2022 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,661.2 | 3,948.8 | 4,259.0 | 4,508.8 | 4,781.4 | 5,079.3 | 5,405.0 | 5,761.5 | 6,151.9 | 6,579.9 | 7,049.6 | 7,565.5 | 8,132.8 | 8,757.1 | 7.1% |
| Europe | 3,037.1 | 3,382.7 | 3,767.6 | 4,122.8 | 4,517.9 | 4,957.9 | 5,448.6 | 5,996.7 | 6,609.5 | 7,295.7 | 8,065.2 | 8,929.3 | 9,900.8 | 10,994.6 | 10.5% |
| Asia Pacific | 4,580.3 | 4,977.0 | 5,405.7 | 5,749.1 | 6,125.5 | 6,538.4 | 6,991.7 | 7,489.9 | 8,038.2 | 8,642.0 | 9,307.9 | 10,043.0 | 10,855.5 | 11,754.6 | 7.6% |
| Latin America | 1,514.7 | 1,652.1 | 1,801.9 | 1,928.1 | 2,066.9 | 2,219.9 | 2,388.7 | 2,575.0 | 2,781.1 | 3,009.1 | 3,261.9 | 3,542.5 | 3,854.2 | 4,201.1 | 8.3% |
| MEA | 951.4 | 1,044.5 | 1,146.7 | 1,235.1 | 1,332.8 | 1,440.8 | 1,560.5 | 1,693.2 | 1,840.5 | 2,004.3 | 2,186.6 | 2,389.8 | 2,616.6 | 2,870.2 | 9.0% |
| Overall | 13,744.7 | 15,005.0 | 16,380.7 | 17,543.8 | 18,824.5 | 20,236.3 | 21,794.5 | 23,516.3 | 25,421.1 | 27,531.1 | 29,871.2 | 32,470.0 | 35,359.8 | 38,577.6 | 8.4% |
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