Creamed Coconut Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific industry is estimated to dominate majority revenue share by 2037, 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.
