Coconut Jelly Market
Industry
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Coconut Jelly Market Size, Share & Analysis By Type (Lychee Flavor, Strawberry Flavor, Grape Flavor, Others), By Application (Dining Room, Café, Household Consumption and Others), By Distribution Channel (Online, Offline), By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and Growth Forecast To 2032
Report ID: RV25892 | Published: Nov 2023 | Historical Period: 2018-2021 | Pages: 200 | Price: $3260| Industry: Food and Beverages
Coconut Jelly Market Overview 2023:
The global coconut jelly market is expected to register a robust revenue CAGR over the forecast period. Key factors such as changing consumer preferences towards healthier food options, rising adoption of vegan and plant-based trends across the globe, and rising preference for ready-to-eat products are expected to drive global market growth during the forecast period.
Coconut jelly is a delicious dessert/snack made from coconut milk or coconut water, gelling agents like agar-agar and sugar. The specific ingredients and preparation can vary, but these basic ingredients are common in all. Coconut jelly is associated with tropical and Southeast Asian culinary traditions where coconuts are available in abundance, making it a popular dessert in countries like Thailand, Indonesia, Malaysia, and the Philippines. This dessert, like many coconut-based desserts, reflects the tropical and exotic flavors, characterizing the cuisines of these regions.
Coconut jelly is infused with rich and distinct coconut flavor and has a refreshing and light texture. This dessert requires simple ingredients and basic cooking skills and is best known for its nutritional benefits. It can be made with different fruit combinations like lychee, strawberry, or grape and is very popular among vegan and vegetarian populations due to presence of plant-based ingredients.
Factors such as growing demand for healthier food and plant-based products, growing popularity of coconut jelly due to social media influence, and rising investments in developing unique flavors and products are expected to boost global market growth going ahead.
However, prices of coconut-based ingredients such as coconut milk or coconut water can fluctuate, impacting the total product costs of coconut jelly. In addition, rising incidence of allergies to coconut or coconut-related ingredients can affect overall sales of coconut jelly.
Graphical Overview:
Key Takeaways:
Rising Inclination Towards Vegan and Vegetarian Diets:
Many people across the globe are shifting towards healthy lifestyles and adopting vegan and vegetarian diets recently owing to increasing awareness about overall environmental impact and animal welfare concerns. Coconut jelly is popular among vegan and vegetarian population as it is made from plant-based ingredients and serves as a dairy-free alternative to gelatin desserts. These factors are expected to increase the sales of coconut jelly during the forecast period.
Competition with Alternative Desserts:
Coconut jelly may face competition from other desserts as many people are hesitant to acquire new tastes and preparations. In addition, the market is expected to face challenges related to supply chain disruptions or weather conditions affecting coconut cultivation.
Market Opportunities:
The coconut jelly market is rapidly gaining popularity due to its unique flavor and potential health benefits. Factors such as high focus on health and wellness trends, growing demand for plant-based products is expected to open new opportunities for market players to develop and launch new flavors and varieties, and incorporate functional ingredients along with sustainable practices.
Type Outlook:
Based on type, the global market is segmented into lychee flavor, strawberry flavor, grape flavor, and others. Among these, the strawberry flavor is expected to register robust revenue growth during the forecast period. Factors such as high popularity of strawberries in many parts of the world, growing demand for sweet, tart, and creamy flavored strawberry jelly due to its contrasting flavors, and rising investments in R&D activities to develop and introduce new flavors, and are expected to drive segment revenue growth going ahead.
Distribution Channel Outlook:
Among the distribution channels, the online segment is expected to account for a significantly larger revenue share between 2023 and 2032. This growth can be significantly driven by factors such as rapidly expanding e-commerce, high preference for online shopping due to enhanced convenience, easy accessibility and doorstep delivery, and wide availability of several types and flavors of coconut jelly on different platforms.
Regional Outlook:
North America is expected to register a steady revenue CAGR during the forecast period owing to factors such as rising vegan and vegetarian populations across the region, increasing number of health-conscious people, and rising awareness about the benefits of coconut jelly. Other factors such as presence of leading food and beverages companies, growing influence of Asian food and beverages, and rising investments in developing more innovative and delicious coconut jelly products are expected to drive North America market growth during the forecast period.
Report Coverage:
| Report Details | Outcome |
| Base Year for Estimation | 2022 |
| Historical Data | 2018-2021 |
| Forecast Period | 2023-2032 |
| Segments Covered: | Type, Application, Distribution Channel, and Region |
| By Type | Lychee Flavor, Strawberry Flavor, Grape Flavor, Others |
| By Application | Dining Room, Café, Household Consumption and Others |
| By Distribution Channel | Online, Offline |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Country Scope | United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey |
| Qualitative Info | •Value Chain Analysis •Pricing Analysis •Regional Outlook •Market Trends •Market Share Analysis •Competition Analysis •Technological Advancements |
| Key Players | POSSMEI, Empire Eagle Food, BOYI, SBC, Xiduoduo Taipec, Chen En Food, King Feng Chuen, Kei Fu Foods, Hainan Yeguo Foods, Ye Yen Gen, HEFS Food, Sunnysyrup Food, Fine Things Business & Industry Ltd. |
| Customization Scope | 10 Hours of Free Customization and Expert Consultation |
Competitive Landscape:
The global Coconut Jelly market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, and are adapting to evolving technology trends and consumer needs.
Some Leading Market Companies Listed in the Report:
- POSSMEI
- Empire Eagle Food
- BOYI
- SBC
- Xiduoduo
- Taipec
- Chen En Food
- King Feng Chuen
- Kei Fu Foods
- Hainan Yeguo Foods
- Ye Yen Gen
- HEFS Food
- Sunnysyrup Food
- Fine Things Business & Industry Ltd.
The global Coconut Jelly Market has been segmented based on Type, Application, Distribution Channel, and region:
By Type:
- Lychee Flavor
- Strawberry Flavor
- Grape Flavor
- Others
By Application:
- Dining Room
- Café
- Household Consumption
- Others
By Distribution Channel:
- Online
- Offline
- Hypermarkets
- Supermarkets
- Convenience Stores
By Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Asia Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Frequently Asked Questions!
- POSSMEI
- Empire Eagle Food
- BOYI
- SBC
- Xiduoduo
- Taipec
- Chen En Food
- King Feng Chuen
- Kei Fu Foods
- Hainan Yeguo Foods
- Ye Yen Gen
- HEFS Food
- Sunnysyrup Food
- Fine Things Business & Industry Ltd.
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