The Middle East coconut products market is experiencing significant growth due to the increasing demand for natural and organic products. The market is driven by factors such as rising health consciousness, increasing disposable incomes, and changing lifestyles. Coconut-based products such as coconut water, coconut oil, and coconut milk are gaining popularity as they offer several health benefits. The market is also driven by the growing popularity of vegan and plant-based diets. However, the market faces challenges such as the high cost of products and the limited availability of raw materials. Key players in the market are focused on product innovation and expanding their distribution networks to increase their market share. Overall, the Middle East coconut products market is expected to grow significantly in the coming years, driven by increasing consumer demand for natural and organic products.
The Middle East Coconut Products Market is estimated to surpass US$ 1,549.5 million by the end of 2028 and is expected to exhibit a CAGR of 7.9% during the forecast period (2021 to 2028).
Key Companies in the Middle East Coconut Products Industry:
1. Thai Coconut Public Company Ltd.
Thai Coconut Public Company Ltd. is a Thailand-based company that produces and distributes coconut products, including coconut water, coconut milk, and coconut oil. The company was founded in 1992 and is headquartered in Bangkok, Thailand. It operates in several countries, including Thailand, the United States, and Japan. In July 2021, the company announced the acquisition of a 70% stake in Yos Sutha Co., Ltd., a Thai manufacturer and distributor of coconut milk and coconut cream products.\
2. Vita Coco (All Market Inc.)
Vita Coco is an American company that produces and distributes coconut water products. The company was founded in 2004 and is headquartered in New York, United States. It operates in over 30 countries, including the United States, Australia, and Brazil.
3. Coco Veda Natural Products Inc.
Coco Veda Natural Products Inc. is a Canadian company that produces and distributes coconut-based personal care products. The company was founded in 2011 and is headquartered in Canada. It operates in several countries, including the United States, Canada, and India.
4. The Coconut Company Ltd.
The Coconut Company Ltd. is a UK-based company that produces and distributes coconut-based food and beverage products. The company was founded in 2014 and is headquartered in London, United Kingdom. It operates in several countries, including the United Kingdom, the United States, and Japan. In March 2021, the company announced the launch of a new range of organic coconut sugar products.
5. Merit Food Products Co., Ltd.
Merit Food Products Co., Ltd. is a Thailand-based company that produces and distributes coconut milk products. The company was founded in 2004 and is headquartered in Bangkok, Thailand. It operates in several countries, including Thailand, the United States, and Japan.
6. Thai Agri Foods Public Company Ltd.
Thai Agri Foods Public Company Ltd. is a Thailand-based company that produces and distributes coconut products, including coconut milk, coconut water, and coconut oil. The company was founded in 1990 and is headquartered in Bangkok, Thailand. It operates in several countries, including Thailand, the United States, and Japan.
7. Linaco
Linaco is a Malaysia-based company that produces and distributes coconut-based food and beverage products. The company was founded in 1993 and is headquartered in Kedah, Malaysia. It operates in several countries, including Malaysia, China, and Singapore.
8. Marico Ltd.
Marico Ltd. is an Indian company that produces and distributes coconut-based hair and skin care products. The company was founded in 1990 and is headquartered in Mumbai, India. It operates in several countries, including India, Bangladesh, and Egypt. In May 2021, the company announced the launch of a new range of coconut oil-based hair care products in India.
9. Hero Nature Products Pvt Ltd.
Hero Nature Products Pvt Ltd. is an Indian company that produces and distributes coconut-based food and beverage products. The company was founded in 2011 and is headquartered in Bangalore, India. It operates in several countries, including India, the United States, and Australia.
10. Chef’s Choice Foods Manufacturer Co. Ltd.
Chef’s Choice Foods Manufacturer Co. Ltd. is a Thailand-based company that produces and distributes coconut-based food products. The company was founded in 1978 and is headquartered in Bangkok, Thailand. It operates in several countries, including Thailand, the United States, and Japan.
*Definition- Coconut products in the Middle East refer to various food and beverage products derived from coconuts, such as coconut water, coconut oil, and coconut milk, which are increasingly popular due to their perceived health benefits
