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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:

  • Form
  • End Use Industry
  • Region
Breakup by Form
  • Liquid
  • Powder
Breakup by End Use Industry
  • Food and Beverages  
  • Cosmetics and Personal Care
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • McCormick & Company Incorporated
  • Flavorganics, LLC (Elan Inc.) 
  • Sauer Brands, Inc.
  • Herbochem
  • OliveNation, LLC
  • Others
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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