Growing health benefits to fuel the expansion of the Middle East Coconut Products Market

 
Middle East Coconut Products Market

Market Overview:

The Middle East Coconut Products Market includes products derived from coconut such as coconut water, coconut oil, coconut cream, coconut milk, desiccated coconut, and coconut sugar. Coconut products are gaining popularity in the region due to various health benefits. Coconut water contains essential minerals like potassium, sodium and magnesium that help replenish fluids and electrolytes in the body. Coconut oil contains medium-chain fatty acids that aid in weight loss and reduce inflammation. Coconut milk and cream are used as alternatives to dairy milk and are popular among lactose intolerant people in the region.

Market key trends:
The key trends in the Middle East Coconut Products Market Demand include rising demand for organic and non-GMO coconut products. Consumers in the region are shifting towards organic products to avoid synthetic pesticides and fertilizers. Also, there is an increasing demand for non-GMO coconut products due to growing health concerns regarding genetically modified crops. Manufacturers are focusing on offering innovative coconut product formats like flavored coconut water and coconut creamer to suit evolving taste preferences. Advanced processing technologies allow extended shelf life of coconut products which is supporting their availability across modern trade channels.
Porter's Analysis

Threat of new entrants: The threat of new entrants is low due to high costs associated with establishing production and distribution facilities in the region.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many established buyers. Buyers can negotiate lower prices from suppliers.

Bargaining power of suppliers: The bargaining power of suppliers is moderate since there are many suppliers of raw materials in the region but brands can shift to alternate suppliers in case of non-compliance or high prices.

Threat of new substitutes: The threat of new substitutes is low as coconut products have established consumer loyalty and there are limited products that can substitute them.

Competitive rivalry: Competition is intense among existing brands.

Key Takeaways

The global Middle East Coconut Products Market is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing health consciousness among consumers. Coconut products are considered healthy owing to the presence of various nutrients.

Regional analysis: The Middle East region dominates the coconut products market share globally, with UAE being the fastest growing market. The per capita consumption of coconut products is highest in GCC countries due to hot climate and consumer preference for tropical fruits.

Key players: Key players operating in the Middle East Coconut Products market are Thai Coconut Public Company Ltd., Vita Coco (All Market Inc.), Coco Veda Natural Products Inc., The Coconut Company Ltd., Merit Food Products Co., Ltd., Thai Agri Foods Public Company Ltd., Linaco, Marico Ltd., Hero Nature Products Pvt Ltd., and Chef€TMs Choice Foods Manufacturer Co. Ltd. These major brands account for over 60% of the total market share.

Read More:

https://www.dailyprbulletin.com/the-growth-of-the-middle-east-coconut-products-market/

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