Millennials seek coconut-based products
Research by New Nutrition Business shows that an increasing number of millennials are purchasing coconut-based food products.
In a series of focus groups, people aged 24-33 from 13 different countries tasted several coconut-based milks, yogurts, snacks and an ice cream, and discussed their opinions.
Most of the participants enjoyed the taste of coconut, with many expressing surprise at how much they enjoyed coconut-based products. The overwhelming opinion was that coconut was best combined with other flavours, preferably sweet ones.
The most appealing categories for coconut were bakery and confectionery, while coconut-based yogurts were the least well received. These results reveal a gap in the market and an opportunity for companies to develop coconut yogurts.
Coconut-based dairy alternatives were popular among both dairy-avoiders and regular milk consumers, indicating that companies should target dairy-free products with coconut at a wider audience than dairy-avoiders, and highlight taste as a benefit.
The research findings add to a growing number of factors lining up in favour of coconut, such as: a 318% increase in the number of products launched with coconut from 2010 to 2016; a steady growth of scientific studies on coconut; Google searches for “coconut” and “health” that show consumer interest in coconut’s health benefits has been growing globally since 2010.
Mikaela Lindén, market analyst at New Nutrition Business, says, “The results show that coconut is cemented as a healthy food in consumers’ minds, and reveal several possibilities for food and beverage companies to connect to the coconut trend.
“Coconut-based dairy alternatives are a great opportunity because they enjoy widespread popularity among consumers, while yogurts still need to be improved, particularly in relation to flavour and texture.”