Coconut Products Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Coconut Products Market size was valued at USD 18.51 Billion in 2023 and is predicted to reach USD 57.86 Billion by the end of 2032. The market is expected to grow with a CAGR of 13.50% during the forecast period. The report analyzes the global Coconut Products Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Coconut Products Market industry.

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Global Coconut Products Market: Overview

Coconut is a nutritious and versatile food. It is high in fibers, various vitamins like C, B, E, B3, B5, & B6, and minerals like selenium, phosphorus, magnesium, calcium, iron, and sodium. Coconut promotes blood sugar, improves cardiovascular health, enhances rehydrating effects post-exercise, aids in weight loss, and significantly boosts brain function in Alzheimer's disorder.

Global Coconut Products Market: Growth Factors

The growing awareness regarding the health benefits associated with coconut products along with its high demand from highly developed countries is one of the major factors driving the growth of the global coconut products market. Manufacturers are coming up with a wide range of coconut derivatives to attract customers and boost their demand all across the globe. Moreover, the growing applications of coconut-based oil and milk owing to the fact that a large number of consumers are turning to plant-based milk from animal-based ones are likely to positively shape the trajectory of the global coconut products market during the forecast period. Prominent market players especially from the cosmetic and food & beverage sectors are increasingly investing in research and development activities to explore all the probable benefits of coconut in order to expand their portfolio with several distinct products.

The benefits associated with coconut oil for hair and skin will significantly drive the demand from the beauty and personal care sector vigorously during the forecast period. Desiccated coconut is highly utilized in curries and for food decoration to add exotic and traditional flavor to the food. Coconut vinegar is extracted by fermenting coconut water. However, the health benefits associated with coconut vinegar over traditional synthetic vinegar are also inducing people to replace their traditional vinegar. Coconut vinegar can also be used as a flavoring and preservative agent in sauces and pickles.

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Global Coconut Products Market: Segmentation

The global coconut products market can be segmented into application, product and region.

By application, the market can be segmented into food & beverages, cosmetics and others. The cosmetic segment accounts for the largest share in the global coconut products market due to the adoption of coconut oil as a base ingredient in several hair care and skincare products. Moreover, the antioxidant properties associated with such ingredients promote anti-aging benefits. Also, it is highly utilized in homecare skin and hair packs by customers all across the globe.

By product, the market can be segmented into coconut water, coconut milk, coconut oil and others. Coconut oil holds the largest share in the global coconut products market due to the presence of healthy and saturated fat content in it. Saturated fat is considered to replenish energy and boost fat burning process in the human body. Moreover, it also elevates the level of good cholesterol in the body which is important for lowering the risk of heart disease. However, such factors will significantly propel the growth of the segment during the forecast period.

Recent Development

• In October 2025, Century Pacific Food Inc. acquired a coconut-processing facility in Tupi, South Cotabato, formerly owned by Roxas & Company. This acquisition expands the company’s footprint in the coconut processing industry and strengthens its capacity to produce value-added coconut products, including coconut water, coconut milk, coconut cream, and virgin coconut oil, supporting both domestic and export markets.
• In July 2025, Metro Pacific Agro Ventures, the agri-food arm of Metro Pacific Investments Corporation, signed agreements to acquire the Franklin Baker Group of Companies, one of the Philippines’ oldest and leading coconut product processors. Franklin Baker produces and exports a wide portfolio of food-grade coconut products, including desiccated coconut, coconut water, coconut cream, and coconut milk, to more than 50 countries. This acquisition strengthens Metro Pacific’s presence in the global coconut products market and supports its expansion in processing operations and export activities.
• In April 2025, PHILCO Food Processing, Inc., a member of the Thai World Group of Companies, announced an investment of over PHP 1 billion in a new coconut processing facility in Misamis Oriental, Philippines. The 39,596-square-meter plant is designed to produce 78,000 tons annually of ultra-high-temperature-treated coconut milk and frozen coconut meat, enhancing the company’s production capacity in the coconut processing sector.
• In April 2025, HLB Specialties launched a premium line of drinking coconuts sourced from Costa Rica and Southeast Asia. Introduced at the Viva Fresh show in Houston, these peeled, ready-to-drink coconuts are packed with coconut water, offering hydration, post-workout recovery, and tropical refreshment. The products are available for both retail and foodservice markets.
• In February 2025, Thai Coconut Public Company Limited announced an investment of 430 million baht to establish its first international manufacturing facility in Mindanao. Scheduled to begin operations in early 2026, the plant is expected to increase the company’s production capacity by more than 60% and annual coconut milk output from 99,000 tons to 155,000 tons. Initially focused on canned coconut milk, the facility is also planned to diversify into additional packaging formats in the future.

Coconut Products Market : Report Scope

Global Coconut Products Market: Regional analysis

North America accounts for the largest share in the global coconut products market due to the significant spike in its demand in the region. Also, the growing awareness regarding the health benefits associated with will further boost the growth of the regional market during the forecast period. Moreover, coconut and its derivatives are known to be highly effective ingredients against obesity and hence it finds a wide range of applications in a no-sugar energy drink and weight loss smoothies in the region which will also drive the growth of the regional market during the forecast period.

Global Coconut Products Market: Competitive Players

Some of the significant players in the global coconut products market are:

• Thai Coconut Public Company Limited
• Cocotana Coconut Products
• Universal Coco Indonesia
• Cocomate
• Klassic Coconut
• Sambu Group
• Metshu exports (PVT) ltd
• Marico Ltd.
• Vita Coco
• The Coconut Company (UK) Ltd.

The Global Coconut Products Market is segmented as follows:

By Application 

• food & beverages 
• cosmetics 
• and others 

By Product 

• coconut water 
• coconut milk 
• coconut oil 
• and others

Global Coconut Products Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.