Authored By: Sarah
11 Jul 2024

 Coconut Butter Market Size to grow by USD 1955.6 million between 2024-2028

According to a research report “ Coconut Butter Market” by End-user (Food industry, Personal care industry, Commercial industry) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1955.6 million, at a CAGR of  8.51% during the forecast period. In the dynamic food industry, private-label coconut butter has emerged as a lucrative focus for retailers worldwide. Major players in the retail sector are capitalizing on this trend by introducing their own branded coconut butter products, including organic variants, to cater to the expanding consumer base. The private-label segment has experienced significant growth over the past decade, with notable retailers like Amazon.com, through its One Life Organic brand, entering the market. This strategic move not only enhances their product offerings but also contributes to the burgeoning global coconut butter market.

Browse market data tables, figures, and in-depth TOC on “Coconut Butter Market” by End-user (Food industry, Personal care industry, Commercial industry) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By End-user, the Food industry segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

Coconut butter, a premium food ingredient, is derived from the kernel meat of the coconut. This versatile condiment is gaining popularity among consumers for its creamy texture and rich, nutty flavor. It serves as an excellent spread on various food items, including fruits and crackers, and functions as a healthy alternative in daily meal preparations. Similar to dairy-based butters, coconut butter can be used to enhance the taste and texture of baked goods, such as muffins and toast. Its adoption as a multipurpose ingredient in various culinary applications makes it a valuable addition to the food industry.

North America is forecasted to hold the largest market size by region in 2024

The coconut butter market is experiencing significant growth due to increasing consumer preference for natural and organic food products. Key players in this industry are focusing on expanding their product offerings and enhancing production capacities to meet surging demand. Market trends indicate a shift towards sustainable and ethical sourcing practices, providing opportunities for companies to differentiate themselves. The market is expected to continue its upward trajectory, driven by rising health consciousness and a global population that is becoming more affluent.

The Coconut Butter Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ANDY ALBAO CORP.
  • Artisana Organics
  • Asia Botanicals Sdn. Bhd
  • BaliNutra
  • Binnies Coconut Butter
  • Cargill Inc.
  • Celebes Coconut Corp.
  • Ekowarehouse Ltd.
  • Hallstar Innovations Corp.
  • Joint Agri Products Ceylon Pvt. Ltd.
  • Nutretiaa Industries
  • Phildesco Inc.
  • Praakritik
  • Sowparnika Retail Pvt. Ltd.
  • Team Asia Corp.
  • The Hain Celestial Group Inc.
  • Wichy Plantation Co. Pvt. Ltd.
  • Windmill Organics Ltd.
  • Windy City Organics LLC
.

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Research Analysis Overview

The Coconut Butter market has witnessed a significant surge in consumer interest due to its numerous health benefits, particularly its high content of Medium-Chain Triglycerides (MCTs) and lauric acid. However, the supply chain has been disrupted due to various factors, including the lockdowns caused by the pandemic and the Lethal Yellowing Disease affecting coconut trees in some producing countries. Despite these challenges, the market continues to grow, driven by the demand for gluten-free alternatives in the food industry, as well as in the beverage segment, where coconut butter is used as a thickener and flavor enhancer. The market also caters to the niche segments of DIY beauty, where coconut butter is used in making ointments, soaps, and candles. Online stores and eCommerce platforms have played a crucial role in making coconut butter accessible to consumers, particularly during the lockdowns. The market also includes organic and gluten-free coconut butter, which caters to consumers with Celiac disease and those following a gluten-free diet. The market finds applications in various food items, including sauces, chocolates, cakes, curries, and soups, and is increasingly popular among millennials who are health-conscious and prefer natural and organic food products.

Market Research Overview

Title: Coconut Butter Market: Standard Report with Expert Analysis, Technology Trends, and Growth Opportunities Introduction: The global Coconut Butter market is witnessing significant growth due to increasing consumer interest in healthy and functional foods, sustainable packaging, and clean label products. In this standard report, we provide expert validation through correlation analysis and statistical models to understand the market dynamics, key players, and growth potential. Market Overview: Sources reveal that the Coconut Butter market is expected to grow at a CAGR of 5.2% between 2021 and 2026. The market is segmented based on geographical regions, product types, and applications. Technology trends such as the Internet of Things, Blockchain, and sustainable packaging are driving the market. Key Players: Nutretiaa, MaraNatha, Naturals, Dhatu Organics, and Bali Nutra are some of the leading players in the Coconut Butter market. Company revenue, partnerships, funding updates, and awards are some of the factors that differentiate these players. Market Dynamics: Price analysis, trade analysis, cost of substitutes, and beneficial alternatives are some of the factors that impact the market. Entry barriers, capital needed, number of suppliers, degree of competition, threat of substitutes, new entrants, demand conditions, indirect forces, and direct forces are some of the key factors that influence the market. Growth Opportunities: The market is witnessing growth opportunities in the personal care sector, baking, dairy fats alternatives, vegetable oil-based alternatives, cosmetics, and the beverage segment. Sustainability, clean label, RTE, bio-based, vegan, organic, and sustainable packaging are some of the winning strategies for market players. Conclusion: The Coconut Butter market is expected to grow significantly in the coming years due to increasing consumer interest in healthy and functional foods, sustainable packaging, and clean label products. Market players can leverage technological advances, geographical regions, product types, and sales monitoring to gain a competitive edge. The market is also impacted by economic conditions, geopolitical conditions, and supply chain disruptions such as lockdowns and climate change.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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