Regional Analysis

Coconut products market: Regional Analysis

Asia-Pacific region is expected to dominate the global market during the forecast period. This is attributable to the increasing trade activities of coconut derivatives between Asian countries and other regions, mainly Europe and North America. The presence of leading manufacturers such as Axelum Resources Corp., Celebes Coconut Corporation, and PT Global is expected to boost the market growth in the region. The market is witnessing robust growth in Europe due to the ongoing trend of plant-based products. Consumers are highly inclined towards a plant-based diet as it is perceived to be a way to achieve a healthy and sustainable balance between animal products such as meat & milk and vegetables. The presence of key players such as Vita Coco, McCormick & Company, Inc., and Hain Celestial drives the market's growth in North America. Also, the growing awareness regarding health benefits associated with coconut derivatives consumption is anticipated to drive the demand for coconut products in the region. In Rest of the World, there is an upward trend of clean beauty products among South American, Middle Eastern, and African consumers making them choose sulfate-free, paraben-free, and silicone-free beauty products. The popularity of these derivatives such as coconut milk, cocoa butter, and natural ingredients, particularly argan oil is increasing in South American consumers to maintain their healthy hair.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa