Coconut Butter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Coconut Butter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Food and Beverages | PPT format

Report Digest


Increasing inclination of consumers towards healthy eating habits has created a massive demand for coconut butter as it remains much sought after given its natural sweetness and flavor. It further assists in stabilizing the blood sugar level and eliminates the waste and toxins from the body. Being fiber-rich in nature, individuals consume it to promote weight loss. As a result, healthy growth of the global coconut market is envisaged on the back of the host of these factors.

There has been a substantial rise in the awareness of iron-rich diet for the pregnant women in order to prevent them from being anemic. This has led to the proliferated adoption of coconut butter, which is a rich source of iron. Furthermore, coconut butter finds its application in cosmetic aid since its utilization for hair and skin beautification has been gaining impetus. With the rising awareness among women to use nature-based cosmetics for enhancing their looks, a promising growth of the global coconut butter market is predicted. These factors are likely to influence the coconut butter market over the course of the forecast period.

Coconut Butter Market – Novel Developments

  • Binnie’s Coconut Butter produces coconut butter by adding flavors such as coffee macaroon, sweet maple, vanilla, cinnamon, dark chocolate, and sea salt. Such a broad spectrum of flavors have resulted in the proliferated adoption of the product.
  • Windmill Organics, a leading coconut butter producing company, launched a product named Biona Coconut Almond Butter, which is prepared from ground almonds and coconut butter. This is further used by the consumers for the preparation of smoothies, porridge, and as spreads for toast.

Some of the most prominent competitors operating in the competitive landscape of coconut butter market include –

  • Marico Limited
  • The HallStar Company
  • ANDY ALBAO CORPORATION
  • Wichy Plantation Company (Pvt) Ltd.
  • Windmill Organics
  • Binnie’s Coconut Butter
  • The Hain Celestial Group, Inc.
  • Premier Organics Inc.
  • Windy City Organics

Coconut Butter Market - Dynamics

Innovation Pertaining to Coconut Butter to Fuel the Growth of the Market

Coconut-based products continue to gain popularity with their health benefits resonating with the health consciousness segment across the world. With the fat burning properties and their ability to cure viral infections, diabetes, arthritis, and Alzheimer’s disease, consumers have been adopting coconut-based products at a rapid pace. Coconut butter being the latest trend in the coconut vicinity witnesses significant demand.

Furthermore, the manufacturers of the global coconut butter market are experimenting with various flavors. As a result, coconut butter is now available with different essences. As a result, innovation in the sector continues to boost the growth of the coconut butter market.

Rising Trends of Veganism to Reflect Positively on the Growth of the Global Coconut Butter Market

Increase in the demand for coconut butter can be attributed to the rapid adoption of veganism trends. Being the new entrant in the breakfast market, coconut butter replaces the traditional milk-based butter and turns out to be a high energy source food. In addition to this, it constitutes lauric acid which prevents the growth of the viruses and boosts immunity. With veganism trends becoming mainstream by gradually replacing the dairy-based oils and butter, perpetual growth of the coconut butter market is expected across the world.

Demand for Coconut Butter to Gain Impetus in the Personal Care Industry

With consumers gravitating towards natural beauty aids, coconut butter is predicted to replace the shelves of artificial chemicals used for cosmetics. Coconut butter finds its application as an essential ingredient for the preparation of deodorant agent, hair conditioner, and body lotions since it is biodegradable in nature and can be leveraged as a natural agent for the preparation of the beautifying products. As a result, the global coconut butter market is anticipated to benefit out of the personal care industry.

Coconut Butter Market – Segmentation

The global coconut butter market can be bifurcated into source, distributional channel, end-use, and regions.

Coconut Butter Market – Source

Depending on the source, the global coconut butter market can be fragmented into:

  • Conventional
  • Organic

Coconut Butter Market – Distributional Channel

Based on the distributional channel, the coconut butter market can be segmented into:

  • Indirect Sales
  • Direct Sales

Coconut Butter Market – End-use

On the basis of the end-use, the coconut butter market can be divided into:

  • Commercial
  • Personal Care Industry
  • Food Industry

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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