Get the latest insights on price movement and trend analysis of Coconut in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global coconut market amounted to $44.4B in 2024, with an increase of 3.5% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $44.6B. From 2019 to 2024, the growth of the global market failed to regain momentum.

The Wholesale Price Index of coconut across India during financial year 2024 was approximately ***. The price index value of coconuts increased by about *** percent from the base year of 2012. An overall increase in the price index was seen over the years from financial year 2013 in the country.

Coconut oil prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 721.22 USD per metric ton with a minimum of 200 USD per metric ton in April 1972 and a maximum of 2766.8 USD per metric ton in May 2025. | TheGlobalEconomy.com

In Q1 2025, the North American Coconut Oil market experienced fluctuating prices, influenced by variable supply-side conditions, shifting demand trends, and broader macroeconomic factors. January began with relatively high prices, reflecting the residual impact of late-2024 supply disruptions and elevated procurement activity from the food, pharmaceutical, and cosmetics sectors. Tight inventory levels, coupled with continued shipping delays from Southeast Asia and weather-related crop concerns, maintained pressure on supply chains, contributing to firm pricing sentiment.

Get the latest insights on price movement and trend analysis of Crude Coconut Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2024, the Thai coconut market was finally on the rise to reach $645M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. Coconut consumption peaked at $751M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

The price of crude coconut oil in the USA hit 1,147 USD/MT in December 2023. In Germany, crude coconut oil prices reached 1,416 USD/MT during December 2023. The role of production costs had been crucial in maintaining price stability, ending the year at around 9,68 USD/MT in Indonesia during December 2023.

The size of the Coconut Products Market was valued at USD 4.96 Million in 2023 and is projected to reach USD 9.65 Million by 2032, with an expected CAGR of 9.98% during the forecast period. The global coconut products market encompasses a wide range of products derived from coconuts, including coconut oil, coconut water, coconut milk, desiccated coconut, and coconut-based snacks. This market has experienced significant growth in recent years, driven by consumer interest in natural and health-focused products. Growing consumer awareness about health and wellness is a major driver for the coconut products market. Products like coconut oil, coconut water, and coconut milk are perceived as natural and healthier alternatives to traditional products, which boosts their demand. Recent developments include: In May 2022, Danone announced the launch of Alpro, its second dairy-free brand in China after Vega, to tap the emerging plant-based food market. The brand offers coconut milk, among other products., In January 2022, Vita Coco partnered with Lyft to offer discounts on rides home and hydrating coconut water. They claimed that the partnership is to keep consumers hydrated., In February 2021, Los Angeles-based growth-equity investor PowerPlant Ventures announced its acquisition of ZICO coconut water from The Coca-Cola Company.. Key drivers for this market are: The rise in veganism and plant-based diets has significantly increased the demand for coconut-based products. Coconut milk and coconut yogurt, for example, are popular alternatives to dairy products among vegans and lactose-intolerant consumers.. Potential restraints include: The prices of raw coconuts and coconut products can be highly volatile, affected by factors such as weather conditions, supply chain disruptions, and geopolitical issues in major producing countries. This volatility can impact profit margins and pricing strategies for manufacturers.. Notable trends are: There is ongoing innovation in the coconut products market, with new products like coconut flour, coconut sugar, and coconut-based snacks gaining popularity. This trend is driven by consumer demand for new and exciting ways to incorporate coconut into their diets..

The Indonesian coconut market totaled $7.6B in 2024, with an increase of 9.2% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2024: its value increased at an average annual rate of +1.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +36.0% against 2020 indices.

As of December 2024, the retail price index of coconut oil in India was over 196. This meant, the RPI of coconut oil had increased by 17 percent compared to December 2021. Retail prices index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

For the fourth year in a row, the Central Asian coconut market recorded growth in sales value, which increased by 88% to $510K in 2024. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Get the latest insights on price movement and trend analysis of Refined Coconut Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This statistic depicts the average annual prices for coconut oil from 2014 through 2026*. In 2024, the average price for coconut oil stood at 1,519 nominal U.S. dollars per metric ton.

The Coconut Market Report is Segmented by Product Type (Coconut Oil, Coconut Water, Coconut Milk, Desiccated Coconut, and More), Form ( Liquid and Solid/Powder), Distribution Channel (Supermarket/Hypermarket, Convenience/Grocery Stores, and More), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global Shredded and Desiccated Coconut market size is USD 5615.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2246.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1684.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1291.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 280.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 112.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Powder held the highest Shredded and Desiccated Coconut market revenue share in 2024.

Market Dynamics of the Shredded and Desiccated Coconut Market

Key Drivers of the Shredded and Desiccated Coconut Market

Rising Popularity of Healthy and Convenient Ingredients to Increase the Demand Globally

Shredded and desiccated coconut are becoming increasingly popular among customers due to the increase in demand for easy and healthful ingredients. Thanks to its natural sweetness, rich texture, and adaptability, coconut has become a go-to ingredient for health-conscious people looking for wholesome foods to prepare. Shredded and desiccated coconut lends flavor and vital nutrients to baked products, smoothies, and savory foods. It is a favorite ingredient in the kitchen due to its versatility and ease of use. It appeals to consumers adopting healthier lifestyles and changing their tastes over time.

Growth of Bakery and Confectionery Industry to Propel Market Growth

The rising demand for desiccated and shredded coconut is mostly due to the expansion of the baking and confectionery industries. Coconut has been a popular ingredient as people look for unusual and exotic flavors and textures in baked products and confectionery items. Due to its inherent sweetness, rich texture, and adaptability, it is the perfect complement to various baking and confectionery goods, such as cakes, cookies, chocolates, and desserts. The market for shredded and desiccated coconut is anticipated to continue to develop as bakeries and confectionery producers adapt to changing consumer tastes through innovation.

Restraint Factors of Shredded and Desiccated Coconut

Fluctuations in Coconut Prices to Limit the Sales

For producers of coconut products like shreds and desiccated coconut, price fluctuations pose a serious problem. The cost of raw coconuts might fluctuate because of things like bad weather, natural disasters, and problems with international supply systems. These variations may directly impact the production costs and profit margins of companies that produce coconut products. Unexpected price hikes for coconuts may increase production costs and narrow profit margins. Manufacturers frequently use forward contracts, vary their sourcing approaches, or modify product prices to reduce this risk. Despite these difficulties, successfully navigating the unstable coconut price landscape requires maintaining solid supply networks and continuously observing market changes.

Impact of COVID-19 on the Shredded and Desiccated Coconut Market

The COVID-19 epidemic affected the markets for dehydrated and shredded coconut. Disruptions in global supply chains and logistical difficulties initially caused shortages and pricing swings. Economic uncertainty and lockdown measures also reduced customer demand, especially in the food service industry. Nevertheless, there was a spike in demand for coconut-based ingredients for homemade dishes during lockdowns as home baking and cooking increased. The expanding acceptance of healthier eating practices and the adaptability of natural ingredients such as shredded and desiccated coconut further increased demand. The shredded and desiccated coconut market saw a slow recovery as the situation stabilized and customer habits changed. During the pandemic, there was a greater empha...

Coconut market earned USD 6.2 billion in 2024 and is estimated to touch USD 9.3 billion in 2032 and will grow at a CAGR of 5.2% from 2025-2032

In 2024, the U.S. coconut market increased by 27% to $72M, rising for the fourth year in a row after two years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2024: its value increased at an average annual rate of +5.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +99.6% against 2020 indices.

Sri Lanka Retail Price: Coconut data was reported at 55.010 LKR/Nut in Aug 2018. This records a decrease from the previous number of 62.830 LKR/Nut for Jul 2018. Sri Lanka Retail Price: Coconut data is updated monthly, averaging 10.620 LKR/Nut from Jan 1984 (Median) to Aug 2018, with 416 observations. The data reached an all-time high of 78.590 LKR/Nut in Dec 2017 and a record low of 1.200 LKR/Nut in Jul 1986. Sri Lanka Retail Price: Coconut data remains active status in CEIC and is reported by Central Bank of Sri Lanka. The data is categorized under Global Database’s Sri Lanka – Table LK.P004: Retail Price: By Commodity.

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