Asia Pacific Coconut Products Market Size & Outlook
Asia Pacific coconut products market, 2017-2030 (US$M)
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Asia Pacific coconut products market highlights
- The Asia Pacific coconut products market generated a revenue of USD 6,538.4 million in 2022.
- The market is expected to grow at a CAGR of 7.6% from 2023 to 2030.
- In terms of segment, coconut oil was the largest revenue generating product in 2022.
- Coconut Water is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 6,538.4 million |
| Market revenue in 2030 | USD 11,754.6 million |
| Growth rate | 7.6% (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 |
| Key market players worldwide | The Vita Coco Co Inc, PepsiCo Inc, Coca-Cola Co, Keebler Foods, Taste Nirvana |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.3% of the global coconut products market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 10,994.6 million by 2030.
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Coconut Products Market Scope
Coconut Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 50.56% in 2022. Horizon Databook has segmented the Asia Pacific 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.
The Asia Pacific coconut products market has witnessed a considerable increase in demand due to a rise in the consumption and popularity of coconut-based food and beverage products. Across the Asia Pacific region, coconut milk has gained extensive usage as a dairy product substitute due to its high nutritional value, leading to a surge in its popularity.
Simultaneously, desiccated coconut frequently serves as a replacement for freshly grated coconut in culinary applications such as curries and baked goods. Apart from this, there has been a notable surge in the demand for cosmetic products derived from coconut oil. All of these factors contribute to the growth of the Asia Pacific coconut product market.
The adoption of coconut-based products in foods, beverages, and cosmetics has driven the expansion of the worldwide coconut products market. In addition to the foreseeable increase in demand for and consumption of coconut-based products, coconut production is also likely to increase with efforts from government and private entities.
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Target buyers of Asia Pacific coconut products market databook
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Our clientele includes a mix of coconut products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific coconut products market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific coconut products market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific coconut products market outlook size, by country, 2017-2030 (US$M)
Asia Pacific Coconut Products Market Outlook Share, 2022 & 2030 (US$M)
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