Coconut
cream is the mixture obtained after extraction of tender coconut
flesh and pureeing it, to obtain a thick paste. Coconut cream is
correspondent to coconut milk but only has a more viscous consistency
and similar non-sweet taste. Coconut cream is rich in fats and is
often used in spiced up curries and cuisines to add flavor and make
it less spicy. The products’ growing popularity in the preparation
of paleo diet and beverages like pina colada are boosting the growth
of the coconut cream market. The coconut cream market also sees
growth due to its usage as a non-sweet cream in many health related
desserts and beverages.
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The
coconut cream market has seen steady rise in the past decade as
people’s preference for coconut products has increased due to its
many health benefits and also as a natural source of nutritional
ingredients. The coconut cream is mostly used as a spread for
household purposes and commercially, it is widely used as an
ingredient in cosmetic and personal care industry. The coconut cream
is less preferred due to its high fat content in the food. The
coconut cream market has seen rise due to coconut cream being the
flavoring as well as a cooling agent in many spicy cuisines. The
macro-economic factors like the ban on the export of coconut in
countries such as Indonesia is affecting the growth of the coconut
cream market globally. While many regions remain dependent on the
exports from tropical countries for the production of coconut related
products, such moratoriums may hamper the growth of the coconut cream
market. The coconut cream market is based on the demand side factor
as for its application in the food industry, it is influenced by
consumer taste and preferences. The availability of substitutes for
coconut cream is likely to affect the growth of the coconut cream
market in the forecast period.
The
usage of coconut cream in the preparation of modern drinks and
traditional diets may boost the sales of the coconut
cream market. Also, the usage amongst health-consumers as
low-sweet cream alternative is also likely to boost the sales of the
coconut cream market. Macro-economic factors like approval of coconut
cream as a low fat product is hindering the growth of the market in
Europe. Use of natural products which are healthy for and consumers’
awareness and literacy may help the growth of the coconut cream
market. The coconut cream market is expected to grow in tropical
regions where there is more production of coconuts. The coconut Cream
market in Asia Pacific sees maximum growth as consumers are well
aware of the benefits of coconut and the use coconut products
traditionally has boosted the growth of this market. The consumers in
Asia Pacific are expected to prefer the use of coconut cream more
readily and this is a major driver for the growth of coconut cream
market in Asia Pacific. In the regions for Middle East and Africa,
the African countries are highly dependent on agriculture and their
related products for the growth of their economy, and hence coconut
cream market is also expected to grow in this region.
Coconut
Cream Market: Key Players
- Celebes Coconut Corporation
- Wild Harvest Organics
- THAITAN FOODS INTERNATIONAL CO,.LTD.
- Goya Foods, Inc.
- Edward & Sons.
- Maya Gold Trading BV.
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