Summary

The Philippines and India are the next two major coconut-producing nations in the world, after Indonesia. Aside from the Philippines and Malaysia, one of the largest suppliers of coconut oil worldwide is Indonesia. After the Philippines, Indonesia holds the second-largest market share for both desiccated coconut and coconut oil. The two goods that Indonesia exports most frequently are these two. In the import market, there is a growing demand for coconut oil, particularly from China, Malaysia, the United States, and the European Union.67% of the international market's supply of coconuts came from Indonesia and the Philippines. This suggests that Indonesia has a fantastic chance to meet demand in the global market. South Korea, China, and the United States are Indonesia's top export markets for coconut oil after the Philippines. Over the past ten years, Indonesia has exported more desiccated coconut and coconut oil. Along with the US and South Korea, the Chinese market represents a potential market for Indonesian coconut oil. The three most significant markets are Singapore, Germany, and Russia for desiccated coconut from Indonesia. Indonesian desiccated coconut and coconut oil have a competitive edge over other products when sold abroad. These two goods are becoming increasingly popular in Russia and the United States. It indicates that the market remains open and is expanding in a favorable, dynamic, and fast-growing manner (growing fast product). Thus, the approach that can be implemented is raising exports and enhancing competitiveness to these target nations by raising production and industrial capability along with meeting the necessary specified standards. The world's increasing need for coconut products, Indonesia has continuously shown itself to be a major player in meeting a sizable portion of these demands. The top coconut items that Indonesia has exported over the past five years include desiccated coconut, shisha charcoal, coconut oil, and coconut flesh, according to data released by the Ministry of Trade in Indonesia. Collectively, these products account for approximately 30% of the world’s export value in the coconut industry. Products derived from Indonesian coconuts have truly earned a remarkable reputation for their quality and versatility, making them sought after by international markets.

According to the research report Indonesia Coconut Products Market Overview, 2029," published by Bonafide Research, the Indonesia Coconut Product Market was valued more than 850 million in 2023. The incredible rise seen in recent years indicates that Indonesian coconuts are not just a major player in the global coconut business, but also a participant in it. The world is in great demand for Indonesian coconuts due to their exceptional quality and abundance. It's simple to say that Indonesian coconuts are the greatest available worldwide. Indonesia has been able to produce large quantities of competitively priced, high-quality coconut goods due to its plentiful supply of coconut raw materials, strategic locations, and ongoing infrastructure development. It makes sense that for many years, coconut products from Indonesia have been among the most sought-after goods worldwide. Additionally, coconut fruits have coconut water, which is a revitalizing beverage with a sweet, nutty flavor, electrolyte content, and other health advantages. It has been referred to as "nature's sports drink" for decades since professional athletes frequently use it as a nutritious sports beverage. Fresh coconut water in bottles is a great option, and Indonesian coconuts are reputed to yield sweeter, more pleasant water. In the time being, coconut flower sap is used to make coconut sugar, a nutritious substitute for ordinary table sugar that has a lower glycemic index, syrup, candies, and beverages. All these factors are responsible for expansion of market in Indonesia. Indonesia has the second-largest coconut production in the world thanks to its plentiful space and climate, which are ideal for cultivating many coconut species. This easily accessible local resource promotes self-sufficiency and lowers costs. When roasted and processed into coconut sugar using a traditional procedure that preserves the sugar's rich flavor and nutritional value, Indonesian coconuts yield a distinctive flavor profile. It gives a unique sweetness to foods and drinks and has a deep, caramel-like flavor with faint notes of toffee and butterscotch. Many homes use coconut shells and husks for eco-friendly items and handicrafts. The husk can be processed into cocopeat, which is an excellent growing medium in horticulture and agriculture, and coconut fibers, which are perfect for floor mats, brushes, beds, and ropes. The fiber that comes from Indonesian coconuts is often robust, long-lasting, and impervious to pests, dampness, and decay. It is appropriate for a range of industrial applications because of these qualities.

Indonesia produces more than 80% of the shisha charcoal used globally. The shisha market's popularity for charcoal derived from Indonesian coconuts demonstrates how well it functions for hookah and shisha applications and is well-liked by many shisha lovers. Users of shisha can enjoy a consistent, tasty, and hygienic smoking experience with Indonesian coconut charcoal. It is renowned for having little ash, a steady burn at a constant temperature, and a flavor that is neutral and doesn't overpower the taste of the shisha tobacco, letting the flavors of the tobacco come through naturally. Coconut trees' leaves and trunks are equally valued commodities. They are used to construct homes and repair roofs, as well as to make furniture and other goods. Indonesian coconuts are renowned for their robust and long-lasting leaves. They can be woven into strong furniture and roofing thatch, as well as tough mats and baskets. Because of their inherent strength, leaves can be used for various purposes. Just boiling or brewing the leaves of Indonesian coconuts is believed to be a great way to treat muscular discomfort. This plant's roots also have special purposes of their own. By boiling and adding salt, coconut tree roots can be used to treat fever, skin conditions, heartburn, and urinary infections. Even while these conventional treatments may be passed down through the years and are highly esteemed in the culture, their efficacy has not yet been established by science.

Based on product type market is divided into Coconut milk & cream, Coconut oil, Coconut water, coconut desiccated/flackes/shredded, other. Among these, coconut oil is a popular choice. With so many uses, coconut oil is a substance that is very adaptable. It is utilized in industrial operations, hair care, skincare, and culinary. It is a well-liked option for both sectors and consumers due to its adaptability. Coconut oil is frequently utilized in traditional Indonesian cookery. It is a mainstay in many regional cuisines and lends flavor to a variety of foods. Coconut oil holds a dominant position in the market due to its extensive usage in daily cooking. The demand for coconut oil from Indonesia is considerable in the global market, and the country is a significant exporter of the product. The demand for exports is fueled by the widespread usage of coconut oil in numerous culinary products and its appeal as healthy cooking oil worldwide. In Indonesia, coconuts have a rich cultural and traditional significance. The utilization of coconut and its derivatives, such as oil, is profoundly ingrained in Indonesian tradition. The ongoing appeal of coconut oil can be attributed in part to this cultural affinity.

Based on the form type of the market is divided into liquid, solid. The liquid segment is really important. The demand for liquid coconut products—particularly coconut oil—is substantial on the international market. One of the world's top producers of coconut oil is Indonesia, and the liquid variety is widely utilized in both the culinary and non-food sectors. Applications for liquid coconut products can be found in non-food businesses such biofuel manufacturing, personal care, and cosmetics. It is simpler to incorporate into a variety of items in liquid form. It's possible that consumer trends and tastes favor liquid coconut goods. For instance, liquid coconut products might be favored in areas where there is a focus on natural beauty products or healthy cooking oils.

Based on the type of Application the market can be categorized by Food / beverages, Cosmetics, others. The cosmetics industry is leading. Because of its capacity to nourish and condition hair, coconut oil is frequently found in hair care products. To meet Indonesia's need for hair care products, coconut-based components are frequently found in shampoos, conditioners, hair treatments, and styling products. Coconut-derived substances provide cosmetic makers a variety of possibilities when designing products. Examples of these ingredients are coconut oil, coconut water, and coconut extract. The production of different skincare and cosmetic products is made possible by this diversity. Products and materials for cosmetics made from coconuts are heavily exported from Indonesia. The significance of the cosmetic category in the coconut product market is partly attributed to the global desire for natural beauty products. Coconut oil is frequently marketed as having nourishing and anti-aging qualities for the skin. Products that make such claims can become more well-liked in a market where consumers value appearance.

Based on type of Distribution Channel the market can be categorized by Hypermarket/supermarket, Conventional store, Specialty store, online retail. Conventional store is leading. In Indonesia, conventional retail establishments such as neighborhood stores, local markets, and traditional retail shops are common. These stores' appeal is mostly due to the fact that a vast percentage of the public can quickly access them. Due to familiarity and established trust, many Indonesian consumers might prefer to buy coconut products from traditional or local businesses. Traditional and locally made coconut-based items that suit the tastes of the community are frequently available in conventional supermarkets. Smaller conventional stores in particular frequently offer individualized customer attention. Customers and store owners may develop closer ties as a result, making these establishments the go-to places for buying commonplace goods like coconut products. Conventional stores are convenient for everyday or frequent shopping needs because they are usually located in residential areas. Because these stores are close to their houses and convenient to access, customers might choose them.

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

Aspects covered in this report:
• Argentina 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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