Coconut Butter Market by End-user and Geography - Forecast and Analysis 2022-2026

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.

What will the Coconut Butter Market Size be During the Forecast Period?

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Coconut Butter Market: Key Drivers, Trends, and Challenges

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

• One of the key factors driving growth in the coconut butter market is the increasing prominence of private-label brands.
• Globally, major retailers are introducing their own brands of coconut butter products, such as organic coconut butter products, thus capitalizing on the growing demand for coconut butter from consumers.
• The global coconut butter market is fragmented owing to the presence of a large number of major and small players.
• The prevailing competition in the market is intensifying further with the increasing popularity of private-label brands, which are now competing with leading global brands.
• Private-label products are offered at a lower price than branded products. Hence, price-sensitive consumers are more likely to purchase such private-label coconut butter products.
• The demand for private-label brands is expected to increase during the forecast period, which, in turn, will aid the growth of the global coconut butter market.

Key Coconut Butter Market Trend

• The growing demand for organic coconut butter is a coconut butter market trend that is expected to have a positive impact in the coming years.
• Organic coconut butter products are made from coconuts that are grown on certified organic farms.
• The cultivation of organic coconuts relies on biodiversity, ecological processes, and growth cycles that are adapted to local climatic conditions.
• Organic coconut butter products offered by vendors are monitored stringently by regulatory bodies, such as the United States Department of Agriculture (USDA) and the Non-GMO (genetically modified organisms) Project.
• Consumers prefer organic coconut butter products as they do not contain any synthetic additives and are perceived as not having any adverse side effects when consumed regularly.
• The growing demand for organic coconut butter products from consumers across the world is expected to propel the growth of the market.

Key Coconut Butter Market Challenge

• The stringent regulations on the quality and packaging of coconut butter will be a major challenge for the coconut butter market during the forecast period.
• With the increase in the instances of contamination in coconut butter products, many regulatory bodies in different countries are emphasizing the quality of the product.
• Regulatory bodies, such as the Food Safety and Standards Authority of India and Canadian Food authorities, have proposed legislation and other regulations with respect to the quality and content of coconut butter.
• As the regulations require manufacturers of coconut butter to test their products on their premises, many are apprehensive about these regulations. If such legislation and regulations are made more stringent, it could adversely affect the sales of coconut butter and, in turn, the growth of the market.

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.

Parent Market Analysis

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.

Who are the Major Coconut Butter Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Windy City Organics LLC

 

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.

Product Insights and News

• 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.

Coconut Butter Market Value Chain Analysis

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.

Which are the Key Regions for Coconut Butter Market?

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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. 

What are the Revenue-generating End-user Segments in the Coconut Butter Market?

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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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What are the Key Data Covered in this Coconut Butter Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive coconut butter market growth during the next five years
• Precise estimation of the coconut butter market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the coconut butter industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of coconut butter market vendors

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