Oceania Coconut Cream Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Oceania Coconut Cream Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The Oceania coconut cream market has been experiencing notable growth driven by rising health consciousness and a consumer shift toward dairy-free diets.The market is projected to reach $19.26 million by 2024 and is expected to expand to $30.85 million by 2031, exhibiting a CAGR of 7.00%.

Coconut cream is an essential ingredient in various industries, including foodservice, food & beverages, and retail/household. Key market dynamics, such as the increasing adoption of veganism and vegetarianism, transparency in food labeling, organic food production, and the preference for non-GMO and allergen-free products, are significantly influencing market expansion in the region.

Key Trends Driving the Demand for Coconut Cream in Oceania

Increasing Adoption of Veganism and Vegetarianism

Vegan and vegetarian consumers rely on plant-based proteins and related products to meet their nutritional needs. The desire for better health motivates many to adopt a vegan lifestyle, with plant-based sources providing optimal nutrition. As nutrition remains a top priority, this trend is expected to contribute to the growth of the coconut cream market in Oceania. Established markets show a growing interest in veganism, with more consumers opting for plant-based products. This trend is also evident in emerging markets in East and South Asia, where the number of consumers exclusively consuming plant-based products is rising. The increasing popularity of veganism is expected to drive demand for coconut cream both domestically and internationally, due to its numerous benefits.

Growing Demand for Transparency and Clean-Label Products

Consumers' interest in clean and healthy eating has led to greater demand for transparency about the sourcing of raw materials and processing methods used in food products. Manufacturers are responding by providing more information about their products, including indulgences. Consumers are looking for food products free from artificial ingredients and preservatives, leading to a growing demand for ""Clean-Label"" certified products. Clean labels offer concise and useful information, allowing consumers greater control over their health and well-being while cutting through the confusion often associated with food labels.

Manufacturers’ Increased Investments in Organic Food Marketing & Production

Organic food products, once a luxury for a select few, are now accessible to a wider audience. Despite their higher price due to limited supply and higher production costs, the health benefits of organic products are driving the market in Oceania. Consumers perceive organic foods as more nutritious, environmentally friendly, and natural compared to non-organic foods. Increased awareness of the environmental impact of brands has led consumers to choose organic foods over conventional ones. This growing consciousness has resulted in increased investment in organic food marketing and production to meet consumer demand for healthy and environmentally sustainable products.

Increasing Preference for Non-GMO & Allergen-free Products

Consumer preferences have been a key driver of changing market dynamics, especially in the plant-based products segment, closely linked to health and wellness. Growing health consciousness has fueled the demand for natural and pure coconut cream. Countries like New Zealand and Australia have high standards for biosecurity and biosafety, ensuring the import of high-quality raw materials, including coconuts. Consumers worldwide are increasingly seeking coconut cream free from genetically modified organisms (GMOs), soy, gluten, and dairy. The trend toward preservative-free, additive-free, and chemical-free coconut cream is expected to boost sales.

Hindrances to the Adoption of Coconut Cream in Oceania

Limited Production of Coconut Cream Compared to High Demand

Organic products are trending, and the demand for these products is increasing. Manufacturers and foodservice operators that use coconut cream in their products are looking for organic options. Despite significant demand for organic coconut cream in Oceania, production remains limited, with only a few companies involved in manufacturing. The scarcity of organic coconut cream products in various flavors and varieties hinders the growth of the market.

Country-wise Insights

Australia: A Lucrative Market for Coconut Cream

The Australian market benefits from a rising inclination towards natural ingredient products, new product offerings from local and international players, and increased visibility of coconut cream-based products. Increased consumer spending on healthcare and awareness of low-caloric foods are driving market growth. Australia’s market is attractive due to these factors, making it a key player in the Oceania region.

Category-wise Insights

Wide Utilization of Coconut Cream as Ingredient for Cosmetics and Food & Beverages

Coconut cream is extensively used in the cosmetics & personal care and food & beverages industries. Demand from these segments is expected to rise, with significant growth projected during the forecast period.

Increasing Focus on Cultivation of Certified Organic Products

The Oceania coconut cream market is categorized into organic and conventional. The organic segment is expected to exhibit rapid growth based on consumers’ consumption trends. Manufacturers are increasingly focusing on cultivating certified organic products. Demand for additive-free products drives the growth of this segment.

Competitive Analysis

Most companies engage in aggressive promotion of coconut-cream-based products to improve product positioning and visibility. Higher production and on-shelf availability of these products are translating into significant sales growth. Key players are encouraged by the consolidated nature of the coconut cream industry and steadiness in the supply chain.
• Axelum Resources Corp. recently partnered with Metro Pacific Agro Ventures, Inc., aiming to develop the coconut industry in the Philippines by leveraging their combined resources and expertise.
• Ceylon Kokonati offers private label services encompassing customized branding, packaging, and dropshipping options, along with cost-effective freight and cargo consolidation solutions. They provide several certificates, including certificates of analysis, organic traceability, and country-specific test reports, alongside necessary documentation such as origin documentation, FDA approvals, and EU TRACES approvals.

Key Companies Profiled
• Axelum Resources Corp.
• Celebes Coconut Corporation
• Ceres Organics
• Ceylon Kokonati
• Chantal Organics
• Franklands Foods
• Frutex Australia Pty Ltd.
• Kodanmal Group
• Pulau Sambu Singapore Pte Ltd.
• Thai Coconut Public Company Limited

Market Segmentation

By Nature:
• Organic
• Conventional

By End Use:
• Food & Beverages (Bakery & Confectionery, Dairy & Frozen Desserts, Infant Formulae, Convenience Foods, Others)
• Dietary Supplements
• Foodservice
• Retail/Household
• Cosmetics & Personal Care

By Distribution Channel:
• Business to Business
• Business to Consumer (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Retail)

By Country:
• Australia
• New Zealand

Please note: Delivery Timelines - 5 working days.