GLOBAL COCONUT PROCESSING INDUSTRY:

The global coconut market is expected to develop at a rate of 7.3 percent each year. Coconut has created a name for itself in the world of speciality foods. It’s invading specialist food goods, supporting diet choices, and boosting category sales, whether as an ingredient or a flavour. In terms of revenue, North America and Asia are the most important production regions, accounting for over 68 percent of the market. More than 41% of Coconut Products were manufactured in North America, which also held the top spot in the worldwide consumer market for Coconut Products. Coconut is a flexible substance that can be used in a variety of ways and has a lot of health benefits. The global market is being driven by rising demand for coconut products such as coconut water, coconut oil, and coconut milk in the food and beverage industry. Asia, which is the major exporter of coconuts, is also the largest importer. The Asian market accounts for 66% of all imports, with the majority of goods coming from Asian countries that dominate global production. As a result, China and Japan rely on its neighbours, such as Vietnam, for the majority of their supplies. The eating habits (consumption of fresh food and, above all, processed coconuts) in these countries, where the majority of output is for domestic consumption, explain the intensity of commerce in Asia.

INDIAN COCONUT MARKET:

Coconut has long been a part of Indian culture, and it has been produced here since the dawn of time. India is currently ranked third among the world’s main coconut producers. The country’s plantation agriculture area is estimated to be at 1.78 million hectares. The states that produce a significant amount of this fruit Kerala is India’s greatest producer of coconuts, accounting for roughly 45 percent of the country’s total output. Coconut oil is extracted from the fruit’s copra, with a recovery rate of 65 to 70%. Kerala once again leads the other main coconut-producing states in terms of area covered by coconut production. 

MARKET OF VALUE ADDED PRODUCTS FROM COCONUT:

The market for coconut products is growing at a rate of 13.6 percent per year. Coconut is a multi-purpose fruit with numerous health benefits. Coconut oil, coconut water, coconut milk, desiccated coconut, coir, and copra are all products made from coconut. These items are used in a variety of industries, including food and beverage, cosmetics, and personal care. The rise in demand for coconut water as an energy drink is propelling the market forward. Natural alternatives to caffeinated and sugar-based energy drinks are becoming more popular among active and health-conscious consumers. As a result of its nutritional qualities, such as electrolytes and nutrients, demand for coconut water as a natural energy drink is fast increasing, which is likely to fuel the coconut goods market growth. In the future, the market for coconut products is projected to be driven by an increase in the use of coconut-based products in food and beverage applications. Coconut products can be found in a wide range of processed foods, including cookies, cakes, pies, soups, salads, milkshakes, and ice cream. With the rise in urban population and increased consumption of processed foods, demand for coconut products is likely to increase significantly in the near future. Copra, coconut chips, coconut squash, and coconut vinegar, for example, are used mostly in the food and beverage business and have achieved worldwide popularity. Coir is commonly utilised in Asian countries to make ropes, floor mats, brushes, doormats, and beds.

TOP PLAYERS WORLDWIDE:

• Vita Coco.
• Velur Coconut Producer Company Limited
• Udumalpet Coconut Producer Company Limited
• Coca-Cola (Zico)
• Madathukulam Coconut Producer Company Limited
• KKP Industry.
• Viva Labs.
• Anaimalais Coconut Producer Company Limited
• Dutch Plantin.
• Theppadungporn Coconut.