How big is the Coconut Market | Key Stats & Projections 2025

Q: What is the current size of the coconut market?

The coconut market was valued at USD 15.9 billion in 2024 and is projected to reach USD 27.8 billion by 2031.

Q: What is the growth rate of the coconut market?

The coconut market is expected to grow at a CAGR of 8.3% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the coconut market?

Food and beverage, cosmetics, pharmaceuticals, personal care, coir-based products, and animal feed.

Q: What is driving demand in the coconut market?

Health awareness, clean-label trends, sustainable alternatives, and multipurpose use of coconut derivatives.

Q: What challenges does the coconut market face?

Climate vulnerability, supply chain limitations, price fluctuations, and labor-intensive harvesting processes.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5481

Publication Date: Jul 2025

How big is the Coconut Market?

According to 6Wresearch internal database and industry insights, the coconut market was valued at approximately USD 15.9 billion in 2024 and is projected to reach USD 27.8 billion by 2031, growing at a CAGR of 8.3%.

This growth is driven by increasing global demand for coconut-based products including coconut oil, coconut water, desiccated coconut, coconut milk, and coir, fueled by rising health awareness and sustainability trends.

Key Growth Drivers of the Coconut Market

Rising global awareness of the health benefits of coconut-based products
Increasing demand for plant-based alternatives in food and beverages
Expansion of cosmetic, personal care, and pharmaceutical applications
Growth of coir-based eco-friendly products in agriculture and packaging
Strong demand for coconut oil in cooking, skincare, and wellness

Coconut Market Trends

The coconut market is experiencing strong growth due to rising consumption of natural, organic, and non-GMO coconut derivatives. Coconut water and coconut milk are gaining popularity as functional beverages. In the cosmetics industry, coconut oil is used for its moisturizing and antibacterial properties. Desiccated coconut and coconut flour are also being adopted in gluten-free baking. E-commerce platforms are enabling wider access to packaged coconut-based products.

Emerging Developments in the Coconut Market

A major aspect of the new developments is the enhancement of automated technologies in coconut processing, which ensure efficiency, longer shelf life and structure of goods and products. The companies are also trying different vertical integration strategies where they invest in the farming as well as processing units. Concerns on sustainability in sourcing and fair-trade are getting attention, particularly in Southeast Asia and India.

Consumer attraction is widening through innovation in packaging and other value-added products of coconut such as flavored coconut water, organic virgin oil and coconut-based snacks. Successive government programs to develop coconut cultivation and diversify export products are also boosting the pace of growth in the market.