Key Players Focus on Introducing New Products to Attract More Consumers
The market houses a large number of international and domestic companies that are presently focusing on launching unique products infused with coconut milk to attract more consumers. A few others are joining hands with start-up firms to co-develop novel food products containing this ingredient.
Below are the two crucial industry developments:
June 2020: Epigamia introduced a new line of plant-based yogurt in India. It is made of coconut milk and has a creamy texture. It is available in two flavors, namely, Coconut Jaggery and Unsweetened. Both are free from preservatives and high in probiotics.
Coconut Cream Market 2021 - Global Sales, Price, Revenue, Gross Margin And Forecast By 2026
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Coconut Products Market projected to reach US$ 30,587 5 million and Growing at a CAGR of 12 5% during the forecast period 2021-2027
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According to this report the market was valued at $10,627.83 million in 2018 and is projected to reach $30,587.53 million by 2027; it is expected to grow at a CAGR of 12.5% from 2019 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Coconuts are highly nutritious as they are high in fibers; vitamins C, E, B1, B3, B5, and B6; and minerals such as sodium, iron, calcium, magnesium, phosphorous, and selenium. Coconut products, i.e., products extracted or derived from coconuts, improve cardiovascular health, promote blood sugar control, aid in weight loss, and boost brain function in Alzheimer s disease. Coconut water boosts kidney health, provides a cardio-protective effect, offers rehydrating effect post-exercise, aids in maintaining blood pressure levels, and aids in diabetes management. Additionally, increase in demand for c