(Food-Beverage-News.Com, April 16, 2020 ) Market Overview • market for Coconut foods is expected to grow at a CAGR of 5% during the forecast period (2019-2026).
Market Growth • The increasing demand for plant-based products and numerous health benefits are driving the market for the coconut foods market. • The health benefits such as enhancing the human immune system, the source of energy and lowers the cholesterol levels all these factors contribute to the growth of the market. • The increasing vegan population has also created a spur in the market. This has profoundly influenced the demand for natural food products. • Coconut milk is one of the significant segment which holds the highest share regarding volume. The increasing demand for plant-based beverages has created an enormous impact on this market. Also, the wide availability of the ingredients has further enhanced the market growth. • The consumption patterns and choices of consumers are frequently changing regarding the foods. This is one of the significant factors, which influences the performance of the manufacturers. However, the manufacturers are highly competitive regarding price, packaging, and wide availability in stores.
Market Segmentation • DataM analyses the complete scenario of the coconut foods market, market segmentation, geography analysis, companies, trends and opportunities in the market. The market is further categorized based on the types of sweeteners, which includes Coconut Water, • Coconut Milk, Coconut Oil, Coconut Frozen desserts, Coconut Yogurt, Coconut Chocolate, Coconut Cream, Desiccated Coconut, Coconut butter, Coconut sugar, and Others. • The market is segmented based on Distributional Channel such as Supermarkets/Hypermarkets, E-stores, Convenience Stores and other Food Retailers. The report segments the geographies by regions, which include North America, South America, Europe, Asia Pacific, and RoW.
Scope of the Report • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The report profiles the following companies, which includes Cargill, Hain Celestial, PT Coco Sugar, Vita CoCo, Renuka Group, Windmill Organics, Barleans, White Wave foods, McCormick, Goya Foods, Pureharvest, and Theppadungporn Coconut.
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