The market of coconut has grown more actively in the
recent trend as in the present era the consumers are become more health
conscious with the development in the lifestyle. Moreover, the growth of the
coconut derivatives market can be attributable to numerous factors. The coconut
water is comprehensively used in numerous sports drinks as it is deliberated to
be a natural re-hydrating fluid. Coconut water is rich in potassium, sodium and
other trace minerals such as calcium and magnesium which reestablishes the
electrolyte equilibrium in the body, and can be obsessive typically as a
post-workout drink. Whereas, in North America and Europe coconut derivatives
market has observed continuous requirement during the recent past few years. Coconut
oil, coconut water and coconut milk are the main coconut derivatives in the
Europe and North America. The market players of this market is playing an
effective role by analyzing the other products of coconut for leading the
highest market share which further lead the market growth more significantly in
the forecasted period.
According to the report analysis, ‘North
America & Europe Coconut Derivatives Market Research Report - Forecast to
2028’ states that some of the major companies which are recently
functioning in this market more actively for acquiring the huge market share by
doing more developments in the product of coconuts for the benefits of the
consumers of coconut related products includes McCormick & Company, Inc,
The WhiteWave Foods Company, Goya Foods, Inc, The Coca-Cola Company, PepsiCo,
Inc, Vita Coco, Celebes Coconut Corporation, Marico Limited, The Hain Celestial
Group, Barleans Organic Oils L.L.C. and several others. Because of the numerous
initiatives taken by the legal authorities to enhance the utilization of
coconut water, many of the key players have started introducing the sports
drinks prepared with the coconut water to attract sales. In addition, the
coconut water has appeared as a good substitute for carbonated drinks and
processed juices, due to its nutritional and blending abilities.
The coconut milk serves numerous health advantages which
lead the market growth more actively and helps in developing the immune system
of the body, thereby aiding in prevention from numerous diseases. Growing
consumer awareness related to the adverse effects of carbonated drinks is
anticipated the requirement for the coconut water at a huge pace in the
forecasted period. The major production of the coconut is concentrated in the
Asia Pacific region and most of the coconuts are exported to North America and
Europe. In the region of Asia Pacific, Indonesia, the Philippines and India are
the main exporters of coconuts. Whereas, with the rise in the utilization of
coconut and its derivatives, the requirement for these products cannot always
be fulfilled. While the reduction in the production of the coconut is one of
the main restraining factor for the growth of the coconut derivatives market.
The region of the North America is predicted to
account a double-digit growth rate during the near future of 2018-2028. The
health benefits associated with the utilization of the coconut water is
anticipated to predominantly drive the market requirement in the near future.
Therefore, in the coming years, it is expected that the market of coconut
derivatives in North America will rise more actively over the recent few years
with the tremendous importance of coconut derivatives especially for the
medical purposes.
For more
information on the research report, refer to below link:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
