According to study, “Global Coconut Cream Market to reach USD XXX billion by 2026” the key companies operating in the global coconut cream market are Celebes coconut corporation, Edward and sons Trading Corporation., Goya foods Inc., Nutiva Inc., Thaitan foods international co. Ltd., Windmill organics, Maya gold trading B.V., Healthy traditions, McCormick & Company and Tropical sun.
Based on nature, coconut cream market is bifurcated as organic coconut cream and inorganic coconut cream. Organic coconut cream segment dominates the market owing to rise in demand for organic ingredients & products that are produced without use of harmful pesticides & insecticides. Based on packaging, market is bifurcated as tetra packs and cans. Based on distribution channel, market is bifurcated as direct channel and indirect channel. Indirect channel includes convenience stores, hypermarket/supermarket, online retailers, specialty stores and others. In addition, based on end-use, market is bifurcated as foodservices, households and industrial.
The coconut cream market is driven by rise in demand for processed food products and increase in number of lactose intolerant people & vegan population. However, lack of a skilled workforce may impact the market. Moreover, rise in use of coconut cream in cosmetics industry for producing organic cosmetic products is a key opportunity for market. Furthermore, growth in global vegan population base, increase in population of Asian cuisine and organic coconut cream are major trends for market.
Based on geography, the Asian-pacific is the significant region in global coconut cream market owing to rise in production of the coconut in the region. Whereas, the European and North-American regions are anticipated to witness higher growth rate due to growth in food processing industry overt the forecast period. In near future, it is predicted that the global coconut cream market will be reached at rapid pace as a result of rise in demand for convenience food during the forecast period.
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Global Coconut Cream Market
Ankur Gupta, Head Marketing & Communications