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Global Coconut Extracts Market: By Form: Liquid, Powder; By End Use Industry: Food and Beverages, Cosmetics and Personal Care; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Global Coconut Extracts Market Outlook
The global coconut extracts market is estimated to grow at a CAGR of 16.80% in the forecast period of 2022-2027.
Rising Demand for Coconut Powder to Propel the Market Growth of Coconut Extracts
Based on form, the increasing demand for coconut powder for various applications is driving the growth of the segment. The longer shelf life of coconut powder compared to its counterpart is leading to its increased adoption. Coconut powder is a perfect substitute for dairy milk and can be used to prepare a variety of curries, soups, desserts, and others as the powder easily blends with the preparation to produce a smooth creamy texture. It is widely used in bakery and confectionery applications to impart a rich and sweet flavour and enhance the texture and mouthfeel of the end product. The rising inclination towards coconut powder owing to its health benefits and ease of use is playing a critical role in the market development.
Region-wise, the Asia Pacific is expected to witness a significant growth over the forecast period owing to the increased production of coconut in countries like India, Indonesia, and the Philippines, and thus, the easy availability of raw materials in the region. The growing preference for fortified food products as a result of the rising health awareness in the region is expected to enhance the demand for coconut extracts further.
Market Segmentation
Coconut extract is a product derived from the meat of the coconut. It is added to various items as a flavouring agent or as a moisturising agent. As it retains the taste and health benefits of coconut, it can be used in food items, tropical drinks, desserts such as coconut cream pie or ice cream, and cosmetic products. The different coconut extract alternatives include coconut oil, coconut milk, and coconut water.
The market for coconut extracts, by form, is divided into:
- Liquid
- Powder
Based on end use industry, the market is segmented into:
- Food and Beverages
- Cosmetics and Personal Care
The regional markets for coconut extracts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Expanding Food and Beverage Sector to Drive the Market Growth of Coconut Extracts
The utilisation of coconut extracts in culinary dishes and beverages to enhance taste and texture is fuelling the market growth. The rising inclination of people towards ready-to-eat foods and the use of coconut milk in sweets, desserts, puddings, cocktails, cakes, cookies, coconut jams, and ice creams, among others are favouring the growth of the market. The growing awareness among people about the health benefits of coconut extracts, such as a good energy source, antimicrobial effects, reduced seizures, and improved oral health, is resulting in the increased consumption of food items with coconut extracts. Additionally, the antioxidant benefits of coconut extracts and their efficiency in promoting healthy skin and hair are leading to its wider adoption in beauty products.
The use of modern technology to enhance coconut production in different parts of the world, primarily the Asia Pacific region, and the government initiatives to increase coconut production by providing incentives to growers for planting new coconut seedlings are expected to enhance the availability of raw materials for coconut extracts. Furthermore, the development of new products using coconut extracts, such as coconut squash, and the incorporation of the extracts in various cosmetic products are expected to further augment the market growth over the forecast period.
Key Players in the Global Coconut Extracts Market
The report gives a detailed analysis of the following key players in the global coconut extracts market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- McCormick & Company Incorporated
- Flavorganics, LLC (Elan Inc.)
- Sauer Brands, Inc.
- Herbochem
- OliveNation, LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
|
| Breakup by End Use Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Coconut Extracts Market Analysis
8.1 Key Industry Highlights
8.2 Global Coconut Extracts Historical Market (2017-2021)
8.3 Global Coconut Extracts Market Forecast (2022-2027)
8.4 Global Coconut Extracts Market by Form
8.4.1 Liquid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Powder
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Coconut Extracts Market by End Use Industry
8.5.1 Food and Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Cosmetics and Personal Care
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Coconut Extracts Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 McCormick & Company Incorporated
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Flavorganics, LLC (Elan Inc.)
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Sauer Brands, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Herbochem
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 OliveNation, LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Coconut Extracts Market: Key Industry Highlights, 2017 and 2027
2. Global Coconut Extracts Historical Market: Breakup by Form (USD Million), 2017-2021
3. Global Coconut Extracts Market Forecast: Breakup by Form (USD Million), 2022-2027
4. Global Coconut Extracts Historical Market: Breakup by End Use Industry (USD Million), 2017-2021
5. Global Coconut Extracts Market Forecast: Breakup by End Use Industry (USD Million), 2022-2027
6. Global Coconut Extracts Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Coconut Extracts Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Coconut Extracts Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Coconut Extracts Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Coconut Extracts Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Coconut Extracts Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Coconut Extracts Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Coconut Extracts Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Coconut Extracts Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Coconut Extracts Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Coconut Extracts Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Coconut Extracts Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Coconut Extracts Market Structure
Key Questions Answered in the Report
The global coconut extracts market is assessed to grow at a CAGR of 16.80% between 2022 and 2027.
The major market drivers include the government initiatives towards promoting coconut plantation, long shelf life of coconut powder, rising inclination towards healthy food products, and increasing use in the food and beverage sector.
The key trends guiding the growth of the market include the expanding use of coconut extracts in cosmetic products and the initiatives taken by market players to expand their product portfolio.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different forms of coconut extracts include liquid and powder.
The major end use industries of coconut extracts include food and beverages, and cosmetics and personal care.
The major players in the market are McCormick & Company Incorporated, Flavorganics, LLC (Elan Inc.), Sauer Brands, Inc., Herbochem, and OliveNation, LLC, among others.
Analyst Review
The global coconut extracts market is driven by the expanding use of coconut extracts in the food and beverage sector. Aided by the growing awareness about the health benefits of coconut extracts, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 16.80%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for coconut extracts, by form, is divided into liquid and powder. Based on end use industry, the market is segmented into food and beverages, and cosmetics and personal care. The major regional markets for coconut extracts are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include McCormick & Company Incorporated, Flavorganics, LLC (Elan Inc.), Sauer Brands, Inc., Herbochem, and OliveNation, LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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