May 26, 2024

Middle East Coconut Products Market Expected To Be Flourished By Increasing Demand For Organic Food Products

The Middle East coconut products market consists of a wide variety of products derived from coconut. Coconuts are gaining immense popularity in the region due to their various health benefits. Coconut oil, coconut milk, coconut cream, and coconut water are commonly used ingredients in Middle Eastern cuisines. Growing health consciousness among consumers is augmenting the demand for products containing natural and organic ingredients. Coconut products qualify as a healthy alternative to vegetable oils and dairy products due to the presence of saturated fats, lauric acid, and other nutrients.

The global Middle East coconut Products Market is estimated to be valued at Us$ 1115.91 Billion In 2024 and is expected to exhibit a CAGR Of 11% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Increasing demand for organic food products: As mentioned in the heading, the demand for organic and natural products is increasing in the Middle East due to rising health awareness. Consumers are inclined towards consuming food containing ingredients grown or produced without the use of chemical fertilizers, pesticides, and preservatives. Coconut products satisfy this demand as coconuts are commonly grown organically. The organic coconut product market is expected to provide lucrative opportunities owing to the positive perception of health and wellness associated with organic food.

Health benefits of coconut: Coconut water, oil, milk, and other products provide various health benefits like improving heart health, promoting weight loss, boosting immunity, and managing diabetes. The components like lauric acid and medium-chain triglycerides in coconuts make them easily digestible and beneficial. Published research highlighting the advantages of coconut consumption for overall well-being is boosting its popularity and sales in the region. Growing inclination towards healthy diets and lifestyles is propelling the growth of the coconut products market.

Segment Analysis

The Middle East coconut products market is dominated by the virgin coconut oil segment. Virgin coconut oil segment holds around 45% share of the overall Middle East coconut products market. Virgin coconut oil is considered very healthy and has become increasingly popular in Middle East countries due to growing health awareness. It contains medium-chain fatty acids that help in weight loss and improve heart health.

PEST Analysis

Political: The Middle East coconut products market is witnessing favorable government policies and regulations. Many governments in the region are promoting the production and consumption of coconut products due to associated health benefits.

Economic: The strong economic growth in the GCC countries is driving demand for premium health products in the region. High disposable income levels are allowing consumers to spend more on superfoods like coconut products.

Social: Changing lifestyle and eating patterns along with rising health consciousness is boosting the popularity of coconut products in Middle East. Customers are increasingly opting for natural products that provide nutritional benefits.

Technological: Players in the Middle East coconut products market are investing in innovative extraction techniques to produce high-quality virgin coconut oil and value-added products. Advanced processing is helping manufacturers improve volumes.

Key Takeaways

The Global Middle East Coconut Products Market Demand was valued at US$ 1115.91 million in 2024 and is projected to reach US$ 2160.49 million by 2031, expanding at a CAGR of 11% during the forecast period. The growth can be attributed to increasing cognizance about health advantages related to coconut products along with shifting customer preferences towards herbal foods.

Regional analysis

The GCC region currently dominates the Middle East coconut products market and is expected to maintain its lead over the forecast period. burgeoning population, rising health awareness and increasing demand for supplementary foods are some of the major factors driving sales of coconut products across GCC countries.

Key players

Key players operating in the Middle East coconut products market are Tantuco Enterprises, Greenville Agro Corporation, Samar Coco Products, CIIF Oils Mills, Primex Group, SC Global, Phidco, PT.Indo Vegetable Oil, P.T. Harvard Cocopro, Naturoca, PT SIMP, Sumatera Baru, KPK Oils & Proteins, Karshakabandhu Agritech, Kalpatharu Coconut, Prima Industries Limited, Kerafed.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it