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Coconut Butter Market Share

Report ID: GMI11998
Published Date: Oct 2024
Report Format: PDF

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Coconut Butter Market Share

The global coconut butter industry is fiercely contested, with both multinational giants and local enterprises competing for dominance. Industry leaders prioritize product innovation, quality differentiation, and sustainability to carve out their niche. As consumer demand surges for organic and clean-label products, numerous companies have woven sustainable sourcing and fair-trade practices into their core business strategies.

For example, Aethon International emphasizes high-quality coconut butter, achieved through sustainable farming and cutting-edge processing methods. Their robust supply chain and transparent sourcing commitment have cemented their reputation in the natural foods sector. Meanwhile, Ceylon Coconut Company, hailing from Sri Lanka, specializes in premium organic coconut butter. Their adherence to fair-trade practices and organic certifications has resonated with health-conscious and ethically driven consumers, especially in North America and Europe.

Coconut Butter Market Companies

Major players operating in the coconut butter industry are:

Aethon International
Ceylon Coconut Company
Dalive
Jivaorganic Foods
Royal Nut Company
The Chattanooga Butter Company
Vedaoils
Wichy Plantation Company
Wildly Organic

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of coconut butter reached USD 232.6 million in 2023 and is set to grow at a 9% CAGR from 2024 to 2032, driven by heightened consumer awareness of plant-based and vegan diets.

The raw/unrefined coconut butter segment reached USD 90.2 million in 2023 and is anticipated to expand at a 9.4% CAGR from 2024 to 2032 due to its minimal processing and nutrient preservation.

The coconut butter market in the food and beverages segment was valued at USD 153.8 million in 2023 and is projected to grow at a 9.6% CAGR till 2032, led by its rising usage in vegan and plant-based recipes.

The U.S. market was valued at USD 56.2 million in 2023 and is projected to expand at a 10.5% CAGR until 2032, influenced by the health and wellness movement and a preference for clean-label, organic products.

The key players in the industry include Aethon International, Ceylon Coconut Company, Dalive, Jivaorganic Foods, Royal Nut Company, The Chattanooga Butter Company, Vedaoils, Wichy Plantation Company, and Wildly Organic.