Project report for Coconut Cultivation

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Coconut cultivation plays a significant role in the development of  Agriculture sector in India. Traditional areas of coconut in India are the states of Kerala, Tamilnadu, Karnataka, Andhra Pradesh, Orissa, Goa, West Bengal, Pondicherry, Maharashtra and Islands of Lakshadweep and Andaman and Nicobar. However, several states like Assam, Gujarat, Madhya Pradesh, Bihar, Tripura, Manipur, Nagaland and Arunachal Pradesh have emerged as non-traditional areas for the cultivation of coconut. It has high market potential in inside and out side india.The present area under coconut cultivation is around 1.1 lakh hectare and there is scope to grow coconut on around 5 - 5.5 lakh hectare.

The coconut tree is a member of the palm tree family and the only living species of the genus Cocos. The term "coconut" can refer to the whole coconut palm, the seed, or the fruit, which botanically is a drupe, not a nut. They are ubiquitous in coastal tropical regions and are a cultural icon of the tropics. It is one of the most useful trees in the world and is often referred to as the "tree of life". It provides food, fuel, cosmetics, and folk medicine and building materials, among many other uses. The inner flesh of the mature seed, as well as the coconut milk extracted from it, form a regular part of the diets of many people in the tropics and subtropics. Coconuts are distinct from other fruits because their endosperm contains a large quantity of clear liquid, called coconut water or coconut juice. Mature, ripe coconuts can be used as edible seeds, or processed for oil and plant milk from the flesh, charcoal from the hard shell, and coir from the fibrous husk. Dried coconut flesh is called copra, and the oil and milk derived from it are commonly used in cooking frying in particular as well as in soaps and cosmetics. Sweet coconut sap can be made into drinks or fermented into palm wine or coconut vinegar. The hard shells, fibrous husks and long pinnate leaves can be used as material to make a variety of products for furnishing and decoration.

Market potential & Strategy

The coconut products market size was valued at INR 2,42,52,50,000 in 2020, and is estimated to reach INR 8,33,22,97,850 by 2026, registering a CAGR of 13.6% from 2021 to 2026. In 2018, the coconut oil segment accounted for more than half of the total coconut products market share. Coconut is a versatile fruit with multiple health benefits. Products derived from coconut include coconut oil, coconut water, coconut milk, desiccated coconut, coir, and copra. These products find a wide range of applications in food & beverages and cosmetic & personal care industries. Huge demand for coconut oil in the cosmetics industry and increase in its popularity in food applications are likely to drive the coconut oil market. Active and health conscious consumers have shifted their preference toward natural alternatives to caffeinated and sugar-based energy drinks. Hence, the demand for coconut water as a natural energy drink is growing rapidly due to its nutritional properties such as electrolytes and nutrients. The increased consumption of coconut oil due to its natural benefits in hair and skincare is supporting the growth of the market. It is extensively consumed by the cosmetic industry for the making of oil and soaps. Moreover, they are also utilized as cooking products and the packaged food products. The Global Coconut Products Market report provides a holistic evaluation of the market for the forecast period.

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