Middle East & Africa Coconut Products Market Size & Outlook
Middle East & Africa coconut products market, 2017-2030 (US$M)
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MEA coconut products market highlights
- The MEA coconut products market generated a revenue of USD 1,440.8 million in 2022.
- The market is expected to grow at a CAGR of 9% 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.
MEA data book summary
| Market revenue in 2022 | USD 1,440.8 million |
| Market revenue in 2030 | USD 2,870.2 million |
| Growth rate | 9% (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, MEA region accounted for 7.1% 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: 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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Middle East & Africa 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 58.6% in 2022. Horizon Databook has segmented the Middle East & Africa 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 has long been a part of the culinary and cultural heritage of Middle Eastern countries. Coconut is used in various traditional dishes, sweets, and beverages, such as coconut-based desserts and refreshments.
Africa is home to a diverse range of coconut-producing countries, with major players including Ghana, Nigeria, Mozambique, Tanzania, and Kenya. Ghana ranks among the top coconut producers in Africa. The African coconut industry extended its global footprint by exporting diverse coconut products to Europe, North America, and Asia Pacific.
In April 2022, Al Maya Group launched KLF Nirmal products in Dubai. KLF has a comprehensive range of coconut-derived products, showcasing a distinct prominence in the sector of virgin coconut oil. The Al Maya Group works in the FMCG distribution domain, extending across the GCC nations, including the UAE, Qatar, Oman, Kuwait, and Bahrain.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa coconut products market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa coconut products market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Coconut Products Market Outlook Share, 2022 & 2030 (US$M)
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