Creamed Coconut Market Share

APAC Market Statistics

On the basis of regional analysis, the global creamed coconut market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is anticipated to hold largest revenue share by 2036, on the back of rising awareness regarding the benefits of creamed coconut as well as the increasing use of coconut products in the region. Apart from these, the consumers in Asia Pacific are expected to prefer the use of creamed coconut more readily, which in turn is estimated to drive the growth of the market in this region. In 2019, the largest volumes of coconuts were produced in Indonesia, Philippines and India. The production in each country was valued to be 17.12, 14.75 and 14.7 million tons respectively.

Similarly, the Middle East & Africa region is also expected to witness notable market growth during the forecast period owing to the high dependence of the region on agriculture and related products for the growth of its economy.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of creamed coconut is assessed at USD 2.72 billion.

Creamed Coconut Market size was valued at USD 2.57 billion in 2023 and is expected to exceed USD 6.35 billion by 2036, expanding at over 7.2% CAGR during the forecast period i.e., between 2024-2036. The key growth drivers for the market are growing developments related to creamed coconut products and growing trend of veganism globally.

Asia Pacific is anticipated to hold largest revenue share by 2036, on the back of rising awareness regarding the benefits of creamed coconut as well as the increasing use of coconut products in the region.

The major players in the market include Nestle SA, Edward & Sons Trading Co., Windmill Organics Limited, McCormick & Company, Inc., Greenfield Products, LLC, and more.

Creamed Coconut Market Share