Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSSeptember 29, 2020: Edward & Sons Trading Company expanded its distribution of coconut milk-based products, which are sold under its Native Forest brand, are now made available at a wider range of offline and online retailers.
The global creamed coconut market is anticipated to garner a sizeable revenue by recording a CAGR of ~7% throughout the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to factors such as the rising trend of veganism across the world, increasing number of innovations associated with creamed coconut-based products and growing product requirement in the cosmetics industry. For instance, it is evaluated that in 2018, more than 15% of the total food product lines were vegan. Approximately 2 million people in Britain alone identify themselves as vegan. In addition, escalating usage of creamed coconut for curing several diseases, including diabetes, arthritis and Alzheimer’s disease, is also expected to boost market growth in the forthcoming years. Furthermore, the demand for creamed coconut is rising as the people’s preference is shifting towards this product owing to many health benefits associated with it. The market for creamed coconut has seen a significant growth in the recent years as it is commonly used in the breakfast as a high-energy source food.
The market is segmented by end user into food & beverages, cosmetics & personal care, household, and others, out of which, the cosmetics & personal care segment is anticipated to witness huge growth owing to the rising usage of coconut-related products in the industry. Additionally, creamed coconut is considered to be an essential ingredient for the preparation of deodorant agents, hair conditioners and body lotions, which in turn is projected to increase its demand in the cosmetics industry. Furthermore, creamed coconut is biodegradable and can be used as a substitute for the chemicals as a natural agent in the personal care products. This is another factor assessed to drive growth to the market segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of regional analysis, the global creamed coconut market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is anticipated to witness maximum market growth over the forecast period on the back of rising awareness regarding the benefits of creamed coconut as well as the increasing use of coconut products in the region. Apart from these, the consumers in Asia Pacific are expected to prefer the use of creamed coconut more readily, which in turn is estimated to drive the growth of the market in this region. In 2019, the largest volumes of coconuts were produced in Indonesia, Philippines and India. The production in each country was valued to be 17.12, 14.75 and 14.7 million tons respectively. Similarly, the Middle East & Africa region is also expected to witness notable market growth during the forecast period owing to the high dependence of the region on agriculture and related products for the growth of its economy.
The global creamed coconut market is further classified on the basis of region as follows:
Our in-depth analysis of the creamed coconut market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The key growth drivers for the market are growing developments related to creamed coconut products and growing trend of veganism globally.
The key growth drivers for the market are growing developments related to creamed coconut products and growing trend of veganism globally.
Imposition of strict bans on the export of coconut in several countries and disease associated with coconut plantation are estimated to hamper the market growth.
Asia Pacific will provide more business growth opportunities on the back of increasing awareness regarding the benefits of creamed coconut in the region.
The key growth drivers for the market are growing developments related to creamed coconut products and growing trend of veganism globally.
The key growth drivers for the market are growing developments related to creamed coconut products and growing trend of veganism globally.
The market is segmented by distribution channel, source, end user, and by region.
The cosmetics & personal care segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
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