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The coconut butter market share is expected to increase to USD 1.50 billion from 2021 to 2026, at a CAGR of 6.8%.
This coconut butter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers coconut butter market segmentation by end-user (food industry, personal care industry, and commercial industry) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The coconut butter market report also offers information on several market vendors, including ANDY ALBAO CORP., Artisana Organics, Asia Botanicals Sdn. Bhd, Bali Nutra, 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., and Windy City Organics LLC among others.
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The increasing prominence of private-label brands is notably driving the coconut butter market growth, although factors such as the stringent regulations on the quality and packaging of coconut butter may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coconut butter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Coconut Butter Market Driver
Key Coconut Butter Market Trend
Key Coconut Butter Market Challenge
This coconut butter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global coconut butter market as a part of the global personal products market within the global household and personal products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coconut butter market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the coconut butter market encompasses successful business strategies deployed by the key vendors. The coconut butter market is fragmented and the vendors are deploying growth strategies such as focusing on business expansion and product innovation to compete in the market.
cocowonder.com.ph - The company offers coconut butter which comes with a rich coconut creamy taste and high dietary fiber with less coconut oil, thus widely used as a bread spread, toppings, baking, cooking, sauces, and many other forms.
cocowonder.com.ph - Under the unified segment, the company is involved in offering manufacturing, product development, and export of various coconut and cacao functional food, and superfood products and is also involved in the organic farming business segment.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The coconut butter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the coconut butter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market's growth will originate from Europe during the forecast period. Germany and France are the key markets for coconut butter in Europe. Market growth in this region will be faster than the growth of the market in the North American and MEA regions.
North America is another region showing major market growth. The region accounts for a major share of global coconut butter consumption, where it is mainly consumed as a spread for breakfast and lunch. It is very popular among the Millennial population as it is convenient to use and is considered healthy. This will facilitate the coconut butter market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted the regional coconut butter market. The governments of various countries, such as the US, Mexico, and Canada, had imposed nationwide lockdowns and COVID-19-related restrictions to curb the spread of the disease. In H2 2020, due to the availability of vaccines, the number of COVID-19 cases in the region declined. The demand for coconut butter in the region returned to normal as retail outlets such as grocery stores, convenience stores, hypermarkets, and supermarkets reopened.
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The coconut butter market share growth in the food industry segment will be significant during the forecast period. Since coconut butter products are commonly used as spreads on food products, many consumers are adopting creamy coconut butter products that can be consumed with multiple types of foods, such as on fruits and crackers, and also can be used as a healthy ingredient in daily meal preparations. Vendors are offering coconut butter products that are made with simple ingredients, such as roasted coconuts. Thus, the various uses of coconut butter in the food industry, augmented by the different varieties of coconut butter products offered by the vendors, will drive the growth of the market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the coconut butter market size and actionable market insights on post COVID-19 impact on each segment.
Coconut Butter Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.8% |
Market growth 2022-2026 |
$ 1.50 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.79 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 35% |
Key consumer countries |
US, Indonesia, Malaysia, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ANDY ALBAO CORP., Artisana Organics, Asia Botanicals Sdn. Bhd, Bali Nutra, 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., and Windy City Organics LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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