Latin America Coconut Products Market Size & Outlook
Latin America coconut products market, 2017-2030 (US$M)
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Latin America coconut products market highlights
- The Latin America coconut products market generated a revenue of USD 2,219.9 million in 2022.
- The market is expected to grow at a CAGR of 8.3% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,219.9 million |
| Market revenue in 2030 | USD 4,201.1 million |
| Growth rate | 8.3% (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, Latin America region accounted for 11.0% 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.
Key Regions: Brazil , U.S. , Germany , Netherlands , China
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Coconut Products Market Scope
Coconut Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 43.76% in 2022. Horizon Databook has segmented the Latin America 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.
Coconut-derived offerings, encompassing items such as coconut truffles, coconut candies, and coconut filled chocolates, are gaining considerable popularity among the consumer base in Central and South America.
These include enhancement in bone, skin, and cardiovascular well-being, immune system reinforcement, and facilitation of weight management. Coconut is also rich in dietary fibers, minerals, and vitamins. Consumers in Central and South America are increasingly adopting healthier lifestyles.
There is a growing inclination for plant-based and natural products. Coconut beverages fit the criteria for those seeking non-dairy and clean-label alternatives as they are derived from a plant source and are minimally processed.
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Our clientele includes a mix of coconut products market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America coconut products market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America coconut products market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America coconut products market size, by country, 2017-2030 (US$M)
Latin America Coconut Products Market Outlook Share, 2022 & 2030 (US$M)
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