Share this article Share this article ResearchAndMarkets.com's offering. 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 coconut products such as coconut milk, coconut water, and desiccated coconut in the food & beverages industry is one of the major factors driving the market.