Market Research Logo

Global Coconut Cream Market 2017-2021

Global Coconut Cream Market 2017-2021

About Coconut Cream

Coconut cream is a product which is similar to coconut milk but has less water content than coconut milk. The product can be diluted with water or used directly to make curries, sweets, desserts, puddings, and various other preparations. Coconut cream is used as an ingredient in bakery products and for flavoring food items. Chefs from all around the world are coming up with new recipes based on coconut cream and consumers who are enthusiastic about cooking are trying out these recipes. This is helping increase the demand for coconut cream around the globe.

Technavio’s analysts forecast the global coconut cream market to grow at a CAGR of 15.32% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global coconut cream market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Coconut Cream Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Celebes Coconut Corporation
  • Goya Foods
  • McCormick
  • Nutiva
  • Healthy Traditions
Other prominent vendors
  • AB World Foods
  • Cocofina
  • Edward & Sons
  • iTi Tropicals
  • Thai Agri Foods
  • TIANA Fairtrade Organics
  • TROPICAL SUN
  • Windmill Organics
Market driver
  • Rising levels of lactose intolerance and dairy allergies.
  • For a full, detailed list, view our report
Market challenge
  • Increasing competition from other alternative dairy creams.
  • For a full, detailed list, view our report
Market trend
  • Increasing popularity of Asian cuisine.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Coconut Cream Market 2017-2021

Technavio recognizes the following companies as the key players in the global coconut cream market: Celebes Coconut Corporation, Goya Food, McCormick, Nutiva, and Healthy Traditions.

Other Prominent Vendors in the market are: AB World Foods, Cocofina, Edward & Sons, iTi Tropicals, Thai Agri Foods, TIANA Fairtrade Organics, TROPICAL SUN, and Windmill Organics.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing popularity of Asian cuisine. The popularity of Asian cuisine is increasing around the globe and coconut cream is an important ingredient used in this cuisine. It is the fastest-growing food segment in the world. An increase in population and economic development are the two factors responsible for the growth in the demand for Asian food. The migration of the Asian population to other parts of the world has also increased the demand for Asian cuisine worldwide.”

According to the report, one driver in market is new recipes based on coconut cream. The emergence of new recipes that require coconut cream as an ingredient is a growth driver for the global coconut cream market. Coconut cream mainly finds applications in desserts and bakery products. Consumers worldwide are coming up with new desserts based on coconut cream — chocolate coconut cake, chocolate coconut snowballs, coconut layer cake, and coconut cookies being some examples of such products. The increasing demand for coconut-based desserts is influencing vendors to come up with new desserts based on coconut. Popular cookery shows on the television are also showing increased preference toward coconut items due to their increasing preference among consumers. The emergence and popularity of such new recipes will likely help propel the demand for coconut cream during the forecast period.

Further, the report states that one challenges in market is inadequate supply of coconuts. The decreasing availability of coconut to produce coconut cream is one of the main challenges faced by the global coconut cream market. The major players in the market initially sourced their coconuts from Brazil. However, with the increasing demand for coconut, the Brazilian supply has become inadequate. This has compelled players to source coconuts from APAC countries such as the Philippines, Indonesia, and India. However, most of the coconut trees in APAC were planted during the late 1950s, and about 15%-30% of the coconut trees in the region have crossed their economic coconut bearing age and are less productive. The most productive period for a coconut tree is between 10 and 30 years, and 90% of the world's coconut demand is currently met by APAC. Hence, the aging of coconut trees is posing a serious challenge to the global coconut cream market. The other factors affecting the sourcing of coconuts are natural calamities and plant diseases. The coconut plantations in the Caribbean have shrunk by about 17% since 1994 due to natural calamities and a disease called lethal yellowing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-coconut-cream-market-2017-2021 \

Companies Mentioned

Celebes Coconut Corporation, Goya Food, McCormick, Nutiva, Healthy Traditions, AB World Foods, Cocofina, Edward & Sons, iTi Tropicals, Thai Agri Foods, TIANA Fairtrade Organics, TROPICAL SUN, and Windmill Organics.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Coconut cream production process
    • Largest coconut producing countries
      • Table Leading countries: Coconut production 2015 (million metric tons)
  • Market landscape
    • Market overview
      • Table Overview of global coconut cream market within global dairy alternatives market 2016
    • Global dairy alternatives market
      • Table Global dairy alternatives market 2016-2021 ($ billions)
    • Global coconut cream market
      • Table Global coconut cream market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Overview of global coconut cream market: Segmentation by product 2016 and 2021 (% share)
    • Global inorganic coconut cream market
      • Table Global inorganic coconut cream market 2016-2021 ($ millions)
    • Global organic coconut cream market
      • Table Global organic coconut cream market 2016-2021 ($ millions)
  • Market segmentation by distribution channel
    • Table Global coconut cream market: Segmentation by distribution channel 2016 (% share)
  • Geographical segmentation
    • Table Overview of global coconut cream market: Segmentation by geography 2016 and 2021 (% share)
    • Coconut cream market in Americas
      • Table Coconut cream market in Americas 2016-2021 ($ millions)
      • Table Lactose intolerant population as a percentage of total population in some countries in Americas 2015
    • Coconut cream market in EMEA
      • Table Coconut cream market in EMEA 2016-2021 ($ millions)
      • Table Lactose intolerant population as a percentage of total population in some European countries 2015
      • Table Lactose intolerant population as a percentage of total population in some countries in MEA 2015
    • Coconut cream market in APAC
      • Table Coconut cream market in APAC 2016-2021 ($ millions)
      • Table Lactose intolerant population as a percentage of total population in some APAC countries 2015
  • Key leading countries
    • Table Key leading countries
    • US
      • Table Coconut cream market in US 2016-2021 ($ millions)
    • Germany
      • Table Coconut cream market in Germany 2016-2021 ($ millions)
    • France
      • Table Coconut cream market in France 2016-2021 ($ millions)
    • UK
      • Table Coconut cream market in UK 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segment
      • Table Impact of challenges
  • Market trends
    • Increasing popularity of Asian cuisine
    • Growing global vegan population base
    • Organic coconut cream
  • Vendor landscape
    • Competitive scenario
      • Table Competitive assessment of major players in global coconut cream market
    • Celebes Coconut Corporation
      • Table Celebes Coconut Corporation in global coconut cream market
      • Table Celebes Coconut Corporation: Geographical presence
    • Goya Foods
      • Table Goya Foods: Product offerings in global coconut cream market
      • Table Goya Foods: Geographical presence
    • McCormick & Company
      • Table McCormick & Company: Geographical segmentation by net sales 2016 (% share)
      • Table McCormick & Company: Operating segments by net sales 2016 (% share)
      • Table McCormick & Company: Comparison of net sales and net income 2015 and 2016 ($ millions)
      • Table McCormick & Company: Product offerings in global coconut milk market
      • Table McCormick & Company: Geographical presence
    • Nutiva
      • Table Nutiva: Product offering in global coconut cream market
      • Table Nutiva: Geographical presence
    • Healthy Traditions
      • Table Healthy Traditions: Product offering in global coconut cream market
      • Table Healthy Traditions: Geographical presence
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report