Middle East & Africa Coconut Products Market Outlook, 2029
The Middle East & Africa Coconut Products Market is segmented into By Product Type (Coconut milk & cream, Coconut oil, Coconut water, Coconut desiccated /flacks /shredded, Others), By Form (Liquid, Solid), By Application (Food / Beverages, Cosmetics, Others), By Distribution Channel (Hypermarket/supermarket, Conventional store, Specialty store, Online retail), By Stage (Mature, Young).
- Bonafide Research
- 31-01-2024
- Pages : 89
- Figures : 12
- Tables : 30
- Region : MEA
- Category : Food & Beverages
- Food
The Middle East & Africa Coconut Products market is expected to reach market size of more than USD 2 Billion by 2029 due to Rising consumer awareness of health benefits
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2029) USD 2 Billion
- Largest MarketSouth Africa
- Fastest Market United Arab Emirates
- Format
Featured Companies
- 1. Marico Limited
- 2. Nestle SA
- 3. SunOpta Inc
- 4. Bayer AG
- 5. Danone SA
- 6. Archer-Daniels-Midland Company
- More...
Coconut Products Market Market Analysis
The market for coconut products in the Middle East and Africa offers a distinctive combination of customary applications, a growing inclination towards healthier substitutes, and a growing need for environmentally friendly products. Coconuts are historically and culturally significant in many regions of the Middle East and Africa. Coconut derivatives have long been utilized in regional cuisines, cosmetics, and traditional medicine. Examples include coconut oil, milk, and grated coconut. The adoption and use of coconut products in various cultures have been made possible by their incorporation into local cuisine and customs. The shift toward healthy living has resulted in an increase in the consumption of coconut-based goods in the Middle East & Africa region. Coconut oil, noted for its possible health advantages, has gained appeal as alternative cooking oil. Its use in traditional and fusion cuisines has expanded as people become more aware of its nutritional benefits. Natural and sustainable products are in high demand across the Middle East and Africa. Coconut goods have gained popularity due to their natural origins and eco-friendliness. Consumers in the region demand ethically sourced and environmentally sustainable coconut-based goods, driving businesses to invest in fair trade standards and environmentally responsible production processes. Coconut products have been used in a variety of regional cuisines in addition to their traditional usage. Curry, sweets, and beverages increasingly include coconut milk, grated coconut, or coconut oil, indicating a fusion of native flavors with the rich taste and texture of coconut. This culinary fusion demonstrates coconut's versatility in matching a variety of taste preferences. The therapeutic capabilities of coconut derivatives have piqued the interest of the pharmaceutical industry. Coconut oil has spurred interest in its incorporation into pharmaceutical formulations, herbal medicines, and supplements due to its possible health advantages, particularly its relationship with improved heart health and antibacterial qualities. According to the research report "Middle East & Africa Coconut Products Market Outlook, 2029," published by Bonafide Research, the Middle East & Africa Coconut Products market is expected to reach market size of more than USD 2 Billion by 2029. The growing trend of health consciousness in the Middle East and Africa has prompted the use of coconut products for their alleged health advantages. Coconut oil has acquired popularity as alternative cooking oil due to its possible nutritional characteristics, while coconut water has established itself as a natural and refreshing beverage. These goods are designed for customers looking for natural, healthier alternatives to conventional offerings. Certain countries in the region are looking into coconut planting as a means of diversifying their economies and developing their agriculture. Coastal locations with suitable temperatures are being discovered and developed for coconut plantations, with the goal of capitalizing on the economic potential of coconut agriculture while creating employment possibilities for local residents. Given the non-native status of coconuts in the Middle East & Africa region, there is a major reliance on imports from tropical countries. This reliance has promoted trade partnerships with coconut-producing countries, resulting in a global interchange that provides a consistent supply of coconut-based items to meet the region's needs. The adaptation of coconut goods in the Middle East & Africa region has resulted in novel product innovations. Local entrepreneurs and enterprises have created unique items such as coconut-based sweets, snacks, spreads, and condiments that merge traditional usage with current tastes. These improvements accommodate changing consumer demands while preserving the essence of coconut's versatility.
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Download SampleMarket Dynamic
Major Drivers • Rising Consumer preferences for plant-based and vegan products: The trend toward plant-based diets and the increasing number of people choosing vegan lifestyles are important drivers for the Middle East and Africa coconut products market. Coconut-based products meet these nutritional needs by providing a plant-based alternative in the form of coconut milk, coconut oil, and coconut-based snacks. • Expanding Beauty and Personal Care Industry: Coconut-derived products are widely used in the beauty and personal care industries due to their moisturizing and nourishing characteristics. As the beauty and personal care sector grows throughout the Middle East and Africa, so does the need for coconut oil and other coconut-based components in cosmetics, hair care, and skincare products. Major Challenges • Agricultural challenges in coconut cultivation: The region's adverse agricultural circumstances for coconut cultivation are one of the key problems confronting the Middle East and Africa Coconut Products Market. Arid conditions and a limited area for coconut farming, particularly in the Middle East, result in poorer yields and higher production costs. Climate change impacts intensify these issues by hurting coconut plantations and jeopardizing the entire supply chain. • Limited Product Diversity and Innovation: The Middle East and Africa Coconut Products Market is confronted with problems due to a lack of product diversity and innovation. While classic coconut goods such as oil, water, and milk are available, further diversity and innovation are required to meet evolving consumer tastes. Creating innovative, value-added coconut-based goods can help boost market growth while also catering to changing consumer demands.
Coconut Products Market Segmentation
| By Product Type | Coconut milk & cream | |
| Coconut oil | ||
| Coconut water | ||
| Coconut desiccated | ||
| Others | ||
| By Form | Liquid | |
| Solid | ||
| By Application | Food/beverage | |
| Cosmetics | ||
| Others | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
Based on product type market is divided into coconut milk & cream, coconut oil, coconut water, coconut desiccated /flackes /shredded and others. Coconut water product type is gaining significant traction in Middle East & Africa coconut products market. Based on form market includes liquid and solid. The growing understanding of the health advantages of coconut water has been an important motivator. It is a natural source of hydration, high in electrolytes, and low in calories when compared to other beverages, making it an appealing choice for health-conscious consumers looking for sugar-free alternatives. Furthermore, the climate in the Middle East and Africa is conducive to coconut growing, allowing for local production and minimizing reliance on imports. This has resulted in a more accessible and cost-effective supply of coconut products, especially coconut water, in the region. The increased interest in natural and functional beverages has had a significant effect on the popularity of coconut water. Consumers are actively seeking beverages with intrinsic health advantages, and the natural composition of coconut water, which includes vitamins, minerals, and antioxidants, resonates well with this trend. Due to its numerous usages in traditional and modern cuisines, liquid coconut products such as coconut oil, coconut milk, and coconut water have gained interest in the food market. Coconut oil, recognized for its high smoke point and distinct flavor, is used in cooking, baking, and frying, appealing to the region's rich culinary heritage. Furthermore, the quest for healthier alternatives to typical cooking oils has spurred the market expansion of liquid coconut oil, as it is generally considered a more natural and beneficial option. Based on application market is segmented into food/ beverages, cosmetics and others. Food/ beverages application is anticipated to grow at significant pace in Middle East & Africa. Coconut-based goods have a wide range of culinary applications. Coconut oil, with its high smoke point and distinct flavor, is becoming increasingly popular as a cooking medium in Middle Eastern and African cuisines. Its adaptability in traditional and modern meals, as well as its purported health benefits, has fueled its popularity in homes and foodservice companies. Coconut water has grown in popularity as a natural and hydrating beverage in addition to its culinary applications. Coconut water, which is high in electrolytes and lauded for its refreshing taste and health-promoting characteristics, has emerged as a popular alternative to typical sugary drinks and artificial sports beverages. The warm climates of the Middle East and Africa add to the attraction of coconut water as a rehydrating and cooling beverage, leading to its significant growth. Moreover, the food and beverage industry in the region is witnessing a shift toward clean-label products, with consumers expressing a preference for natural, minimally processed ingredients. Coconut-derived products, being inherently natural and offering a wide range of applications, are well-positioned to capitalize on this trend, further fueling their growth within the food and beverage sector in the Middle East and Africa. In terms of distribution channel market is divided into hypermarket/ supermarket, conventional store, specialty store and online retail. Online retail channel is projected to grow rapid pace in Middle East & Africa. Based on stage segment market includes mature and young. Young stage coconut products are expected to grow at significant rate. Online shopping provides unrivaled accessibility and convenience. Online platforms bridge the access gap in locations such as the Middle East and Africa, where physical storefronts are limited in some areas. Coconut items can be browsed and purchased from the convenience of one's own home, reducing the need for considerable travel or reliance on local availability. Consumer behavior is shifting toward online purchasing, owing to reasons such as greater internet access, smartphone usage, and a growing tech-savvy populace. Because of this generational transition, internet retail platforms for purchasing everyday goods, particularly coconut-based products, are becoming more popular. The nutritious properties of young-stage coconut products have piqued the interest of Middle East & Africa health-conscious customers. Young coconuts are high in electrolytes like potassium, making them a popular choice for hydration in hotter regions. Their naturally refreshing water, also known as coconut water, has grown in popularity as a healthier alternative to sugary beverages, attracting health-conscious consumers looking for natural, low-calorie beverages. Furthermore, the adaptability of young-stage coconut products has aided their expansion in the Middle East & Africa market. These items, in addition to coconut water, include coconut meat, which is soft and easily digestible in its early stages. The flesh is utilized in a variety of culinary preparations, and it contains beneficial fats and nutrients.
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Coconut Products Market Market Regional Insights
The report is categorised into three major countries United Arab Emirates, Saudi Arabia and South Africa. Saudi Arabia is anticipated to play significant role in development of Middle East & Africa coconut products market. The market for coconut products in Saudi Arabia demonstrates a fascinating blend of cultural richness, gastronomic diversity, and evolving customer preferences. Despite the country's arid climate, a variety of contributing variables have resulted in a significant presence of coconut-based items in the Saudi market. With its rich legacy and Islamic traditions, Saudi Arabia maintains great cultural significance for a variety of natural goods. While not a native crop, coconut-based products have found their way into the culinary culture of the kingdom. These goods are employed in both traditional Saudi Arabian dishes and international cuisines, indicating the country's willingness to embrace global flavors and culinary diversity. The introduction of coconut-derived components such as coconut milk, oil, and water into Saudi Arabian cuisine highlights the country's culinary variety and fusion. The potential health benefits of coconut products have made them more popular as substitutes for traditional components. With its purported nutritional benefits and versatility in cooking and personal care, coconut oil in particular is well-liked by consumers who are health-conscious. The kingdom's food scene is growing, worldwide influences are influencing it, and culinary education is changing the culture of cooking. The introduction and assimilation of coconut-based ingredients into Saudi cuisine are aided by culinary schools, workshops, and international culinary festivals, which promote creativity and experimentation.
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Companies Mentioned
- Marico Limited
- Nestle SA
- SunOpta Inc
- Bayer AG
- Danone SA
- Archer-Daniels-Midland Company
- Glanbia plc
- PepsiCo Inc.
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Coconut Product Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Product Type
- 5.4. Market Size and Forecast, By From
- 5.5. Market Size and Forecast, By Application
- 5.6. Market Size and Forecast, By Distribution Channel
- 5.7. Market Size and Forecast, By Stage
- 6. Middle East & Africa Coconut Product Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Product Type
- 6.4. Market Size and Forecast, By From
- 6.5. Market Size and Forecast, By Application
- 6.6. Market Size and Forecast, By Distribution Channel
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. Market Size and Forecast, By Stage
- 7.9. UAE Coconut Product Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Product Type
- 7.9.3. Market Size and Forecast By From
- 7.9.4. Market Size and Forecast By Application
- 7.9.5. Market Size and Forecast By Distribution Channel
- 7.9.6. Market Size and Forecast By Stage
- 7.10. Saudi Arabia Coconut Product Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Product Type
- 7.10.3. Market Size and Forecast By From
- 7.10.4. Market Size and Forecast By Application
- 7.10.5. Market Size and Forecast By Distribution Channel
- 7.10.6. Market Size and Forecast By Stage
- 7.11. South Africa Coconut Product Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Product Type
- 7.11.3. Market Size and Forecast By From
- 7.11.4. Market Size and Forecast By Application
- 7.11.5. Market Size and Forecast By Distribution Channel
- 7.11.6. Market Size and Forecast By Stage
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Porter's Five Forces
- 8.4. Company Profile
- 8.4.1. Marico Ltd
- 8.4.1.1. Company Overview
- 8.4.1.2. Financial Highlights
- 8.4.1.3. Geographic Insights
- 8.4.1.4. Business Segment & Performance
- 8.4.1.5. Product Portfolio
- 8.4.1.6. Key Executives
- 8.4.1.7. Strategic Moves & Developments
- 8.4.2. PepsiCo, Inc
- 8.4.3. Nestlé S.A.
- 8.4.4. Bayer AG
- 8.4.5. Danone SA
- 8.4.6. SunOpta, Inc.
- 8.4.7. The Archer-Daniels-Midland Company
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 1: Global Coconut Product Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Coconut Product Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 6: Global Coconut Product Market Size and Forecast, By From (2018 to 2029F) (In USD Billion)
Table 7: Global Coconut Product Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 8: Global Coconut Product Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 9: Global Coconut Product Market Size and Forecast, By Stage (2018 to 2029F) (In USD Billion)
Table 10: Middle East & Africa Coconut Product Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 11: Middle East & Africa Coconut Product Market Size and Forecast, By From (2018 to 2029F) (In USD Billion)
Table 12: Middle East & Africa Coconut Product Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: Middle East & Africa Coconut Product Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 14: Influencing Factors for Coconut Product Market, 2023
Table 15: Middle East & Africa Coconut Product Market Size and Forecast, By Stage (2018 to 2029F) (In USD Billion)
Table 16: United Arab Emirates Coconut Product Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 17: United Arab Emirates Coconut Product Market Size and Forecast By From (2018 to 2029F) (In USD Billion)
Table 18: United Arab Emirates Coconut Product Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 19: United Arab Emirates Coconut Product Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 20: United Arab Emirates Coconut Product Market Size and Forecast By Stage (2018 to 2029F) (In USD Billion)
Table 21: Saudi Arabia Coconut Product Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 22: Saudi Arabia Coconut Product Market Size and Forecast By From (2018 to 2029F) (In USD Billion)
Table 23: Saudi Arabia Coconut Product Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 24: Saudi Arabia Coconut Product Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 25: Saudi Arabia Coconut Product Market Size and Forecast By Stage (2018 to 2029F) (In USD Billion)
Table 26: South Africa Coconut Product Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 27: South Africa Coconut Product Market Size and Forecast By From (2018 to 2029F) (In USD Billion)
Table 28: South Africa Coconut Product Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 29: South Africa Coconut Product Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 30: South Africa Coconut Product Market Size and Forecast By Stage (2018 to 2029F) (In USD Billion)
Figure 1: Global Coconut Product Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Coconut Product Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Coconut Product Market Share By Region (2023)
Figure 6: Middle East & Africa Coconut Product Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Middle East & Africa Coconut Product Market Share By Country (2023)
Figure 8: UAE Coconut Product Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Saudi Arabia Coconut Product Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: South Africa Coconut Product Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Coconut Product Market
Coconut Products Market Market Research FAQs
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Middle East & Africa Coconut Products Market Outlook, 2029
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