About Coconut Meat
Coconut meat, also known as copra, is the white, edible flesh of a mature coconut. Coconut meat is widely used in food industries like dairy products, sweets, and various bakery items. It's a versatile ingredient enjoyed in various cuisines worldwide. In recent times coconut oils, milks, and toppings have gained popularity due to their various health benefits and also provide strong bones and muscles. However, coconut oil is also used in cosmetics & personal care products like hair oil, shampoo, soaps, etc. to provide deep moisture to the skin and strong hair.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Philippines Vendors will contribute the maximum growth to Global Coconut Meat market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PT Harvard Cocopro (Indonesia), SC Global Coco Products, Inc. (Philippines), KPK Oils & Proteins (India), PHIDCO (Philippines), Sumatera Baru (Indonesia), CIIF (Philippines), Primex Group (Philippines), Tantuco Enterprises, Inc. (Philippines), Samar Coco Products (Philippines) and Kerafed (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Coconut Meat market by Type (Milling Copra and Edible Copra), Application (Food Industry, Feed, Cosmetics, Religious Places and Others) and Region.
On the basis of geography, the market of Coconut Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Coconut Meat market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The inclination of Consumers toward virgin Coconut Oil Worldwide
Market Growth Drivers:
High Consumption of Coconut Meat to Produce Oil and As an Ingredients in Food Products, and Health Supplements and Increased Adoption of Coconut Meat Products Due to the Availability of Proteins, Vitamins, and Minerals That Helps To Strong Bones and Boost Immune System
Challenges:
Coconut Meat Contains High Amount of Fat and Calorie-dense That May Lead to Weight Gain
Restraints:
Allergies Related to Coconut Meat Products Like Oil, Butter, and Any Other
Opportunities:
Growing Use of Coconut Meat for Hair Oil and Cosmetic Applications to Provide Moisture and Gloss
Market Leaders and their expansionary development strategies
In July 2021, Danone Manifesto Ventures announced the acquirement of Harmless Harvest. This will support Danone’s global efforts to accelerate the growth of its plant-based business and offer more plant-based options to consumers. Harmless Harvest is a leading manufacturer of coconut-based products including coconut water and dairy-free coconut yogurt alternatives, which will further propel Danone’s growth and sustainability initiatives, from Thai coconut farms to U.S. shelves.
In October 2023, The Hershey Company announced the acquisition of CocoVia, a leading organic and fair-trade coconut meat company, for an undisclosed sum. This move strengthens Hershey's presence in the growing plant-based snacking market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Coconut Meat Products Manufacturers, Suppliers and Distributors of Coconut Meat, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.