Coconut butter market size to grow by USD 1.50 billion from 2021 to 2026; Growth driven by increasing prominence of private-label brands - Technavio

NEW YORK, March 30, 2023 /PRNewswire/ -- The global coconut butter market size is estimated to increase by USD 1.50 billion from 2021 to 2026. However, the market's growth momentum will decelerate at a CAGR of 6.8% during the forecast period. The market is driven by the increasing prominence of private-label brands. Many retailers in the market are introducing coconut butter under their private-label brands to increase profits. For instance, Amazon.com offers a line of coconut butter products through its private-label brand, One Life Organic. Private-label brands are becoming more popular in the market and are competing with global brands. These products are offered at a lower price than branded products. This attracts price-sensitive consumers who are more likely to purchase such products. The demand for private-label products, including coconut butter, is expected to increase further during the forecast period. This will positively drive the growth of the market. Discover some insights on market size and forecast (2022 to 2026) before buying the full report - Request a sample report

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Global Coconut Butter Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on end-user (food industry, personal care industry, and commercial industry) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market growth in the food industry segment will be significant during the forecast period. Coconut butter is widely used in the food industry for making a variety of dishes. Like butter derived from dairy, coconut butter can be applied to muffins, toast, or other types of baked goods. Coconut butter can also be used as a taste enhancer in hot beverages to add flavor. In addition, vendors are offering creamy or regular coconut butter products in different types of packaging. Many such factors are driving the growth of the segment.

Geography Overview

The report provides actionable insights and estimates the contribution of all regions to the growth of the global coconut butter market.

• Europe will account for 35% of the market growth during the forecast period. North America is another major region in the market and is expected to contribute considerably to the overall growth of the market. Coconut butter is consumed by more than three-fourths of the US population as a breakfast spread. It is very popular among the Millennial population, as it is convenient to use and is considered healthy. In addition, the increasing consumer demand for organic, gluten-free, and reduced-fat coconut butter is driving the growth of the coconut butter market in North America.

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Global Coconut Butter Market – Vendor Analysis

The global coconut butter market is fragmented and significantly competitive. Vendors differentiate their products based on quality, packaging, pricing, and portfolios. They focus on business expansion and product innovation strategies to increase their profit margins and market shares. Vendors are adopting several competitive strategies to maintain their position in the market. Even though there is a presence of established brands in the market, the market will attract more new coconut butter manufacturers during the forecast period. Thus, the threat of new entrants will be high in the coming years. Besides, the increase in M&A activities will create opportunities for vendors to expand their reach, both geographically and in terms of the products offered. Some of the key vendors covered in the market include:

• Artisana Organics - The company offers raw organic coconut butter, which is freshly made from whole coconut flesh. It contains a valuable amount of micronutrients.
• Binnies Coconut Butter - The company offers premium coconut butter, which can be used as a spread on toast, smoothies, pancakes, waffles, fruit, oatmeal, sandwiches, and potatoes.
• Celebes Coconut Corp. - The company offers organic coconut milk, which is prepared by squeezing the grated coconut meat using a mechanical press.
• Hallstar Innovations Corp. - The company offers biochemical coconut butter, which has been designed for use in personal care product formulations to reduce cutaneous dryness and to assist in moisturization after exposure to sun and other harsh elements.

Global Coconut Butter Market – Market Dynamics

Key Trends – 

The increasing demand for organic coconut butter is identified as the key trend in the market. Consumers are exhibiting high demand for organic coconut butter products that do not contain synthetic additives. These products are perceived as not having any adverse side effects when consumed regularly. Their growing demand has encouraged many vendors to offer organic ingredient-based coconut butter products. This trend will have a positive influence on the growth of the global coconut butter market during the forecast period.

Major challenges – 

Stringent regulations on the quality and packaging of coconut will challenge the growth of the market. There have been several cases of product recalls in the past, when the packaging of the coconut butter products lacked information/warnings on allergic reactions and the presence of bacteria such as E. Coli. This led regulatory bodies in many countries to emphasize the quality of these products. For instance, the Food Safety and Standards Authority of India and Canadian Food authorities have introduced several regulations with respect to the quality and content of coconut butter. They have designed tests using new technologies to update a common source of information about bacteria and other contaminants in the products. If the regulations are made more stringent, they could negatively affect the growth of the market.

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What are the key data covered in this coconut butter market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the coconut butter market between 2022 and 2026
• Precise estimation of the size of the coconut butter market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the coconut butter market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of coconut butter market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Food industry - Market size and forecast 2021-2026
• Exhibit 28: Chart on Food industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Food industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Food industry - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Food industry - Year-over-year growth 2021-2026 (%)

• 5.4 Personal care industry - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Personal care industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Personal care industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Personal care industry - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Personal care industry - Year-over-year growth 2021-2026 (%)

• 5.5 Commercial industry - Market size and forecast 2021-2026
• Exhibit 36: Chart on Commercial industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Commercial industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Commercial industry - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Commercial industry - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Indonesia - Market size and forecast 2021-2026
• Exhibit 70: Chart on Indonesia - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Indonesia - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Malaysia - Market size and forecast 2021-2026
• Exhibit 78: Chart on Malaysia - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Malaysia - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Malaysia - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Malaysia - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 ANDY ALBAO CORP. 
• Exhibit 93: ANDY ALBAO CORP. - Overview
• Exhibit 94: ANDY ALBAO CORP. - Product / Service
• Exhibit 95: ANDY ALBAO CORP. - Key offerings

• 10.4 Artisana Organics 
• Exhibit 96: Artisana Organics - Overview
• Exhibit 97: Artisana Organics - Product / Service
• Exhibit 98: Artisana Organics - Key offerings

• 10.5 Binnies Coconut Butter 
• Exhibit 99: Binnies Coconut Butter - Overview
• Exhibit 100: Binnies Coconut Butter - Product / Service
• Exhibit 101: Binnies Coconut Butter - Key offerings

• 10.6 Celebes Coconut Corp. 
• Exhibit 102: Celebes Coconut Corp. - Overview
• Exhibit 103: Celebes Coconut Corp. - Product / Service
• Exhibit 104: Celebes Coconut Corp. - Key offerings

• 10.7 Hallstar Innovations Corp. 
• Exhibit 105: Hallstar Innovations Corp. - Overview
• Exhibit 106: Hallstar Innovations Corp. - Product / Service
• Exhibit 107: Hallstar Innovations Corp. - Key offerings

• 10.8 Team Asia Corp. 
• Exhibit 108: Team Asia Corp. - Overview
• Exhibit 109: Team Asia Corp. - Product / Service
• Exhibit 110: Team Asia Corp. - Key offerings

• 10.9 The Hain Celestial Group Inc. 
• Exhibit 111: The Hain Celestial Group Inc. - Overview
• Exhibit 112: The Hain Celestial Group Inc. - Business segments
• Exhibit 113: The Hain Celestial Group Inc. - Key news
• Exhibit 114: The Hain Celestial Group Inc. - Key offerings
• Exhibit 115: The Hain Celestial Group Inc. - Segment focus

• 10.10 Wichy Plantation Co.Pvt. Ltd. 
• Exhibit 116: Wichy Plantation Co.Pvt. Ltd. - Overview
• Exhibit 117: Wichy Plantation Co.Pvt. Ltd. - Product / Service
• Exhibit 118: Wichy Plantation Co.Pvt. Ltd. - Key offerings

• 10.11 Windmill Organics Ltd. 
• Exhibit 119: Windmill Organics Ltd. - Overview
• Exhibit 120: Windmill Organics Ltd. - Product / Service
• Exhibit 121: Windmill Organics Ltd. - Key offerings

• 10.12 Windy City Organics LLC 
• Exhibit 122: Windy City Organics LLC - Overview
• Exhibit 123: Windy City Organics LLC - Product / Service
• Exhibit 124: Windy City Organics LLC - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 127: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 11.5 List of abbreviations 
• Exhibit 131: List of abbreviations

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