💡 A Deep Dive into India's $ 1 Billion Coconut Industry
ReadOn Insights November Report: India's Coconut Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the fifteenth edition, we look at the $ 1 billion coconut industry in India.
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👉 India's coconut industry, contributing ~30% of the global industry, is growing at a 10.9% CAGR by 2030.
👉 Rising health consciousness, rising disposable income, growth of plant-based industries, and versatility of coconut are driving growth for the industry.
👉 The export opportunity for coconut is huge as the export prices for coconut are 3 times the domestic prices. Not surprisingly, India is the third largest exporter of coconut globally.
👉 From coconut oil and water to cosmetics and cement, coconut has endless use-cases!
With established brands and new age brands stirring innovation with coconut, the future of this industry looks very exciting! Read on 👇🏻
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