Global Coconut Butter Market Size study, by Nature, by End User, by Distribution Channel and Regional Forecasts 2022-2032

Description

Global Coconut Butter Market is valued at approximately USD 1.13 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.17% over the forecast period 2024-2032. Coconut butter, derived from dried and shredded coconuts, serves as a versatile ingredient in various industries. From its application in the culinary realm as a healthy alternative to traditional butter to its use in cosmetics and personal care products, coconut butter's multifaceted benefits are driving its market growth. It offers high nutritional value, and the rising awareness among health-conscious consumers is significantly contributing to its popularity. The increasing shift towards organic and gluten-free products further propels the demand for coconut butter.

The market is witnessing robust growth due to the rising adoption of coconut butter among millennials and health-conscious individuals. Coconut butter is increasingly replacing conventional milk butter due to its health benefits, such as maintaining good cholesterol levels and aiding in improved brain functions. Its application in various culinary dishes like soups, curries, cakes, and sauces adds to its market appeal. Furthermore, the organic variant of coconut butter, rich in fiber and lauric acid, is gaining traction among consumers seeking healthier alternatives. This trend is particularly evident in its use as a natural ingredient in the cosmetics industry. However, the market faces significant challenges, such as the lethal yellowing disease affecting coconut plantations in the Caribbean and African countries. This disease reduces the quality of coconuts and poses a threat to the overall production, thereby impacting the coconut butter industry. Additionally, fluctuations in coconut production due to climate change, droughts, and pest infestations further constrain market growth.

The key region in the Global Coconut Butter Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, Asia-Pacific dominated the market and is projected to maintain its leading position during the forecast period 2024-2032. The region's historical usage of coconut products and increasing awareness of coconut butter's health benefits drive its market growth. In North America and Europe, the preference for coconut butter over traditional high-LDL cholesterol butter is fostering market expansion. Furthermore, the market is expected to grow in tropical areas with higher coconut production and in regions such as the Middle East and Africa, where agriculture plays a significant economic role.

Major market players included in this report are:

ANDY ALBAO CORPORATION
Asia Botanicals Sdn. Bhd
Bali Nutra
Ceylon Coconut Company
Dhatu Organics & Naturals
Hallstar Innovations Corp.
MaraNatha
Nutretiaa Industries
Phildesco Inc.
United Foods India
Artisana Organics
Kevala
Nutiva
Windmill Organics
Loving Earth

The detailed segments and sub-segment of the market are explained below:

By Nature:

Organic
Conventional

By End User:

Cosmetics and Personal Care Industry
Food and Beverage Industry
Others

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Online Sales Channel
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Coconut Butter Market Executive Summary

1.1. Global Coconut Butter Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Nature
- 1.3.2. By End User
- 1.3.3. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Coconut Butter Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Coconut Butter Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Health Consciousness
- 3.1.2. Increasing Popularity of Organic and Gluten-Free Products
- 3.1.3. Expanding Applications in Food & Beverage and Cosmetics Industries
3.2. Market Challenges
- 3.2.1. Threats of Lethal Yellowing Disease in Coconut Plantations
- 3.2.2. Supply Chain Disruptions
3.3. Market Opportunities
- 3.3.1. Growing Demand for Plant-Based Diets
- 3.3.2. Expansion in Tropical Regions and Developing Economies
- 3.3.3. Increased Usage in Personal Care Sector

Chapter 4. Global Coconut Butter Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Coconut Butter Market Size & Forecasts by Nature 2022-2032

5.1. Segment Dashboard
5.2. Global Coconut Butter Market: Nature Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Organic
- 5.2.2. Conventional

Chapter 6. Global Coconut Butter Market Size & Forecasts by End User 2022-2032

6.1. Segment Dashboard
6.2. Global Coconut Butter Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Cosmetics and Personal Care Industry
- 6.2.2. Food and Beverage Industry
- 6.2.3. Others

Chapter 7. Global Coconut Butter Market Size & Forecasts by Distribution Channel 2022-2032

7.1. Segment Dashboard
7.2. Global Coconut Butter Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Supermarkets/Hypermarkets
- 7.2.2. Convenience Stores
- 7.2.3. Online Sales Channel
- 7.2.4. Others

Chapter 8. Global Coconut Butter Market Size & Forecasts by Region 2022-2032

8.1. North America Coconut Butter Market
- 8.1.1. U.S. Coconut Butter Market
  - 8.1.1.1. Nature breakdown size & forecasts, 2022-2032
  - 8.1.1.2. End User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Coconut Butter Market
8.2. Europe Coconut Butter Market
- 8.2.1. UK Coconut Butter Market
- 8.2.2. Germany Coconut Butter Market
- 8.2.3. France Coconut Butter Market
- 8.2.4. Spain Coconut Butter Market
- 8.2.5. Italy Coconut Butter Market
- 8.2.6. Rest of Europe Coconut Butter Market
8.3. Asia-Pacific Coconut Butter Market
- 8.3.1. China Coconut Butter Market
- 8.3.2. India Coconut Butter Market
- 8.3.3. Japan Coconut Butter Market
- 8.3.4. Australia Coconut Butter Market
- 8.3.5. South Korea Coconut Butter Market
- 8.3.6. Rest of Asia Pacific Coconut Butter Market
8.4. Latin America Coconut Butter Market
- 8.4.1. Brazil Coconut Butter Market
- 8.4.2. Mexico Coconut Butter Market
- 8.4.3. Rest of Latin America Coconut Butter Market
8.5. Middle East & Africa Coconut Butter Market
- 8.5.1. Saudi Arabia Coconut Butter Market
- 8.5.2. South Africa Coconut Butter Market
- 8.5.3. Rest of Middle East & Africa Coconut Butter Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. ANDY ALBAO CORPORATION
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Asia Botanicals Sdn. Bhd
- 9.3.3. Bali Nutra
- 9.3.4. Ceylon Coconut Company
- 9.3.5. Dhatu Organics & Naturals
- 9.3.6. Hallstar Innovations Corp.
- 9.3.7. MaraNatha
- 9.3.8. Nutretiaa Industries
- 9.3.9. Phildesco Inc.
- 9.3.10. United Foods India
- 9.3.11. Artisana Organics
- 9.3.12. Kevala
- 9.3.13. Nutiva
- 9.3.14. Windmill Organics
- 9.3.15. Loving Earth

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes