Coconut Products Market by Type (Coconut Water, Coconut Oil, Coconut Milk, Dried Coconut Products, and Others), Application (Food, Beverage, Cosmetics, and Others), and Form (Solid and Liquid): Global Opportunity Analysis and Industry Forecast, 2019-2026

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Rise in demand for plant-based milk products is among the major factors that boosts coconut milk consumption. A huge demand for naturally prepared plant-based milk has been noted during the past years, which is expected to continue during the forecast period. Consumer attractiveness toward natural milk with high nutritional values is among the main factors that drive the market. Rise in demand for coconut products from regions such as North America and Europe has led to incremental trade flow for coconut products from Asian countries. Owing to the increase in awareness about the health benefits of coconut water, the market for packaged coconut water is expected to grow significantly in the coming years. Manufacturers are focused toward providing innovative and attractive product offerings, in terms of packaging and flavor of the products to gain a higher share in the coconut products market.