The Oceania coconut cream market has experienced significant growth in recent years, driven by rising health consciousness and a growing shift towards dairy-free diets.The market is projected to reach $19.26 million by 2024 and is expected to expand to $30.85 million by 2031, exhibiting a CAGR of 7.00%.
Coconut cream, an essential ingredient across various industries including foodservice, food & beverages, and retail/household, continues to see increasing demand.
The interest in veganism is growing in established markets, with a noticeable rise in plant-based product consumption. This trend is also evident in emerging markets in East and South Asia. As veganism's popularity increases, it is expected to drive demand for coconut cream due to its numerous benefits.
Growing Demand for Transparency and Clean-Label Products There is an increasing consumer interest in clean and healthy eating, leading to greater demand for transparency regarding the sourcing of raw materials and processing methods. Manufacturers have responded by providing more detailed information about their products. Consumers prefer food products free from artificial ingredients and preservatives, resulting in a higher demand for clean-label products. Clean labels provide concise and useful information, helping consumers make informed choices about their health and well-being.
Manufacturers’ Increased Investments in Organic Food Marketing & Production Organic food products, once considered a luxury, are now accessible to a wider audience. Despite their higher price point due to limited supply and higher production costs, the perceived health benefits of organic products are driving market growth. Consumers view organic foods as more nutritious, environmentally friendly, and natural compared to non-organic foods.
The awareness of environmental issues and their impact on well-being is growing. Consumers are increasingly choosing organic foods over conventional ones, driving investments in organic food marketing and production. Brands are meeting consumer demand for healthy and environmentally sustainable organic products.
Increasing Preference for Non-GMO & Allergen-free Products The growing health consciousness among consumers has fueled the demand for natural and pure coconut cream. Countries like New Zealand and Australia maintain high standards for biosecurity and biosafety, ensuring the import of high-quality raw materials, including coconuts.
Consumers worldwide are increasingly seeking coconut cream free from GMOs, soy, gluten, and dairy. The trend towards preservative-free, additive-free, and chemical-free coconut cream is expected to boost sales, as these products align with the preference for healthier options.
Focus on Cultivation of Certified Organic Products The Oceania coconut cream market is categorized into organic and conventional segments. The organic segment is projected to exhibit rapid growth due to consumer consumption trends. Manufacturers are increasingly focusing on cultivating certified organic products to meet the growing demand for additive-free options.
Recent developments in the industry include partnerships and strategic initiatives aimed at expanding the coconut industry. For instance, a leading company announced a partnership with an infrastructure company in the Philippines to develop the coconut industry by leveraging resources and expertise. This collaboration aims to support small farmers and impact the agricultural sector positively.
Another company offers private label services, including customized branding, packaging, and dropshipping options. They provide cost-effective freight and cargo consolidation solutions, along with various certificates and necessary documentation for compliance.
This product will be delivered within 1-3 business days.
Coconut cream, an essential ingredient across various industries including foodservice, food & beverages, and retail/household, continues to see increasing demand.
Key Trends Driving the Demand for Coconut Cream in Oceania
Increasing Adoption of Veganism and Vegetarianism Vegan and vegetarian consumers are turning to plant-based proteins and related products to meet their nutritional needs. The desire for better health is a common motivating factor for adopting a vegan lifestyle, with plant-based sources providing optimal nutrition. This trend contributes to the growth of the coconut cream market in Oceania, as more consumers seek plant-based alternatives.The interest in veganism is growing in established markets, with a noticeable rise in plant-based product consumption. This trend is also evident in emerging markets in East and South Asia. As veganism's popularity increases, it is expected to drive demand for coconut cream due to its numerous benefits.
Growing Demand for Transparency and Clean-Label Products There is an increasing consumer interest in clean and healthy eating, leading to greater demand for transparency regarding the sourcing of raw materials and processing methods. Manufacturers have responded by providing more detailed information about their products. Consumers prefer food products free from artificial ingredients and preservatives, resulting in a higher demand for clean-label products. Clean labels provide concise and useful information, helping consumers make informed choices about their health and well-being.
Manufacturers’ Increased Investments in Organic Food Marketing & Production Organic food products, once considered a luxury, are now accessible to a wider audience. Despite their higher price point due to limited supply and higher production costs, the perceived health benefits of organic products are driving market growth. Consumers view organic foods as more nutritious, environmentally friendly, and natural compared to non-organic foods.
The awareness of environmental issues and their impact on well-being is growing. Consumers are increasingly choosing organic foods over conventional ones, driving investments in organic food marketing and production. Brands are meeting consumer demand for healthy and environmentally sustainable organic products.
Increasing Preference for Non-GMO & Allergen-free Products The growing health consciousness among consumers has fueled the demand for natural and pure coconut cream. Countries like New Zealand and Australia maintain high standards for biosecurity and biosafety, ensuring the import of high-quality raw materials, including coconuts.
Consumers worldwide are increasingly seeking coconut cream free from GMOs, soy, gluten, and dairy. The trend towards preservative-free, additive-free, and chemical-free coconut cream is expected to boost sales, as these products align with the preference for healthier options.
Hindrances to the Adoption of Coconut Cream in Oceania
Limited Production of Coconut Cream Compared to High Demand The demand for organic products is rising, but the production of organic coconut cream remains limited. There are only a few companies involved in manufacturing organic coconut cream, leading to a scarcity of these products in different flavors and varieties. This limited availability hinders the growth of the market despite significant demand.Country-wise Insights
Australia: A Lucrative Market for Coconut Cream Manufacturers The Australian market is characterized by a growing inclination towards natural ingredient products, new product offerings from local and international players, and increased visibility of coconut cream-based products. Increased consumer spending on healthcare and rising awareness towards low-calorie foods are driving market growth.Category-wise Insights
Extensive Utilization of Coconut Cream in Cosmetics and Food & Beverages Coconut cream is widely used in the cosmetics & personal care and food & beverages industries. The demand from these segments is expected to continue rising, reflecting their extensive use of coconut cream as an ingredient.Focus on Cultivation of Certified Organic Products The Oceania coconut cream market is categorized into organic and conventional segments. The organic segment is projected to exhibit rapid growth due to consumer consumption trends. Manufacturers are increasingly focusing on cultivating certified organic products to meet the growing demand for additive-free options.
Competitive Analysis
Companies in the coconut cream market engage in aggressive promotion to improve product positioning and visibility. Higher production and on-shelf availability of coconut cream products are driving significant sales growth. Key players benefit from the consolidated nature of the industry and a steady supply chain.Recent developments in the industry include partnerships and strategic initiatives aimed at expanding the coconut industry. For instance, a leading company announced a partnership with an infrastructure company in the Philippines to develop the coconut industry by leveraging resources and expertise. This collaboration aims to support small farmers and impact the agricultural sector positively.
Another company offers private label services, including customized branding, packaging, and dropshipping options. They provide cost-effective freight and cargo consolidation solutions, along with various certificates and necessary documentation for compliance.
Key Companies Profiled
- Axelum Resources Corp.
- Celebes Coconut Corporation
- Ceres Organics
- Ceylon Kokonati
- Chantal Organics
- Franklands Foods
- Frutex Australia Pty Ltd.
- Kodanmal Group
- Pulau Sambu Singapore Pte Ltd.
- Thai Coconut Public Company Limited
- ceania Coconut Cream Industry Research Segmentation
By Nature:
- Organic
- Conventional
By End Use:
- Food & Beverages
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Infant Formulae
- Convenience Foods
- Others
- Dietary Supplements
- Foodservice
- Retail/Household
- Cosmetics & Personal Care
By Distribution Channel:
- Business to Business
- Business to Consumer
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
By Country:
- Australia
- New Zealand
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Overview
3. Price Analysis, 2019-2023
4. Global Oceania Coconut Cream Market Outlook, 2019-2031
5. North America Oceania Coconut Cream Market Outlook, 2019-2031
6. Europe Oceania Coconut Cream Market Outlook, 2019-2031
7. Asia Pacific Oceania Coconut Cream Market Outlook, 2019-2031
8. Latin America Oceania Coconut Cream Market Outlook, 2019-2031
9. Middle East & Africa Oceania Coconut Cream Market Outlook, 2019-2031
10. Competitive Landscape
11. Appendix
Companies Mentioned
- COCO Shed Limited
- Ceylon Kokonati
- Davis Trading
- Little Island Limited
- Thaicoconut
- Chantal Organics
- FRANKLANDS FOODS
- SSM Coconut Cream
- Frutex
- Franklands
Methodology
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