Summary

China imports most of its Coconut from India, Vietnam and Sri Lanka. China permitted fresh coconut imports from Cambodia. "Cambodian coconuts are reasonably priced and of excellent quality. There is a shortage of their aromatic coconut kind in China. Chinese customers are not unfamiliar with coconuts. The Coconut Palm Group's coconut milk has long been a staple in households, serving up at family gatherings alongside Coca-Cola and Pepsi. However, as bubble tea gained popularity and took center stage, coconut milk's appeal began to decline. The primary countries of origin for China's million Tonnes of coconut imports in 2022 were Thailand, Indonesia, Vietnam, and the Philippines. Supplier of coconut products from Malaysia, Karta International, reported that its coconut water has become well-known in China and is selling well on Pinduoduo and Douyin. The establishment of the China-ASEAN Free Trade Area and the Regional Comprehensive Economic Partnership (RCEP), which provided tariff-free policies, wider market access, and faster customs processing, have also helped the marketing of Southeast Asian fruits, particularly coconuts, in China. Only 10% of China's total domestic demand for coconuts can be satisfied by domestic production; the remaining coconuts must be imported from nations like the Philippines, Thailand, Vietnam, and Indonesia. Chinese customers are becoming increasingly health-conscious, in line with global trends. Products made from coconuts are thought to be natural and nourishing, which fits with the expanding consciousness of wellbeing and health. Chinese cuisine makes use of coconut goods, especially in fusion meals that feature flavors from the tropics. You may use coconut milk and coconut cream in savory and sweet recipes.

According to the research report "China Coconut Products Market Overview, 2029," published by Bonafide Research, the China Coconut Product Market is expected to grow with more than 8% CAGR from 2024 to 2029. Chinese consumers are choosing foods more and more with their health and wellbeing in mind. Products made from coconuts, especially milk and water, are thought to be natural and healthier substitutes for dairy and sugar-filled beverages. This trend is supported by their high electrolyte, critical mineral and dietary fiber content, which draws in health-conscious customers looking for wholesome solutions. Coconut is becoming more and more common in savory foods like curries, soups, stews, and even baked items, in addition to typical desserts and beverages. Culinary adventurers and home cooks alike are drawn to the coconut market by its newfound versatility in cooking. In the provinces of the south, China is rapidly expanding its coconut farming sector. In addition to cutting expenses and decreasing reliance on imports, this local production raises sustainability issues. Customers choose locally based goods because they are more conscious of how their decisions affect the environment. In Chinese culture, the coconut is positively correlated with luxury, health, and tropical getaways. This emotional bond gives coconut products more appeal, influencing consumer choices and propelling market expansion. The overall market is anticipated to acquire additional impetus over the projection period due to the growing application of coconut derivatives including oil and milk, as well as the growing number of health benefits associated with them. This is due to the growing use of coconut derivatives in China.

Based on product type market is divided into Coconut milk & cream, Coconut oil, Coconut water, coconut desiccated/flackes/shredded, other. Among them coconut oil is one of the trending segment and shredded coconut is also gaining importance. There are several varieties of shredded coconut available, such as dried, sweetened, and unsweetened varieties. This type reduces food waste and appeals to busy consumers by meeting a range of culinary needs and providing a prolonged shelf life. Natural and healthful components are in greater demand from consumers. This trend is supported by unsweetened shredded coconut, which provides nutritional fiber and a source of good fats. It is a desirable choice for people looking to add tasty and nutritious foods to their diets because of its purported health benefits and adaptability. Shredded coconut can be easily obtained from China's expanding coconut farming sector. Flavored shredded coconut choices are continuously being introduced by manufacturers, who are coming up with interesting combos like chocolate, mango, and pineapple. This maintains the market's vibrancy and draws customers looking for unusual tastes and gastronomic adventures.

Based on the form type of the market is divided into liquid, solid. Liquid segment plays a very crucial role while solid segment is about to exapand. Solid coconut products are showing up in baked goods, soups, stews, and curries, among other savory foods. Grated coconut for stir-fries, coconut cream cubes for curries, and coconut flour for gluten-free baking are a few examples. This culinary adaptability draws in daring home cooks and broadens the segment's audience. Convenient storage choices and an extended shelf life are provided by solid coconut formats such as coconut flour, coconut cream cubes, and dried coconut chips. This meets the needs of modern consumers by minimizing food waste and accommodating busy lifestyles. Nut butters, seeds, and other plant-based ingredients compete with solid coconut goods. For uniqueness, highlighting their distinct flavor profile, health advantages, and adaptability can be essential.

Based on the type of Application the market can be categorized by Food / beverages, Cosmetics, others. Cosmetic segment is dominating. The skincare and cosmetics sector in China has grown significantly. Customers are becoming more and more concerned with skincare and cosmetics as part of their everyday routines, particularly in urban regions. In China, the practice of self-care and wellness has become more popular. Customers are willing to spend money on skincare and cosmetics items containing coconut oil as well as other products that enhance their general well-being. The Chinese market is often influenced by global trends in beauty. In the beauty and cosmetics sector, coconut oil and other compounds derived from coconuts have become increasingly popular globally, and it's possible that China will follow suit.

Based on type of Distribution Channel the market can be categorized by Hypermarket/supermarket, Conventional store, Specialty store, online retail. Hypermarket is leading. In China, shopping is frequently seen as a family- and social-oriented activity. Hypermarkets are family-friendly shopping destinations because of their roomy design and wide range of products, which appeal to the social side of shopping. Numerous hypermarkets have customer loyalty programs in place that provide regular customers with discounts, prizes, or points. These initiatives promote recurring business and foster client loyalty. Hypermarkets are conveniently accessible to a large number of customers due to their strategic location in easily accessible places. Easy access points increase foot traffic and revenue. Online-to-offline integration has been adopted by a few hypermarkets in China, enabling customers to place online orders and pick them up at the real location. Modern consumers find this blend of in-store experience and internet ease appealing. Big hypermarket chains are frequently well-known brands. These brands are favored because consumers may rely on them for consistency, quality, and value.

Considered in this report:
• Geography: China
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• China Coconut Products market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Coconut milk & cream
• Coconut oil
• Coconut water
• coconut desiccated /flackes /shredded
• Other

By Form:
• liquid
• solid

By Application:
• Food / beverages
• Cosmetics
• others

By Distribution Channel:
• Hypermarket/supermarket
• Conventional store
• Specialty store
• Online retail

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Coconut Products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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