South Korea Coconut Gel Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic Coconut Gel, Conventional Coconut Gel), By Application (Food and Beverages, Cosmetics, Pharmaceuticals, and Others), and South Korea Coconut Gel Market Insights, Industry Trend, Forecasts to 2035

South Korea Coconut Gel Market Insights Forecasts to 2035

• The South Korea Coconut Gel Market size is Expected to Grow at a CAGR of around 6.9% from 2025 to 2035
• The South Korea Coconut Gel Market size is expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Coconut Gel Market is anticipated to grow at a CAGR of 6.9% from 2025 to 2035. The market is driven by rising demand for plant-based, hydrating, and functional ingredients in food, beverages, and wellness products. Increasing health awareness and preference for clean-label, low-calorie alternatives further support its adoption across diverse consumer segments.

Market Overview

In South Korea, the domestic industry that produces, imports, distributes, and consumes coconut gel (also called nata de coco) is referred to as the coconut gel market.  A ubiquitous ingredient in desserts, drinks, and snacks, coconut gel is a chewy, translucent, jelly-like substance formed from fermented coconut water. Moreover, demand arising from popularity of allergen-free, vegan, and clean-label foods, especially from young and urban consumers, drives the market. Though traditional coconut gel is the market leader in the price segment and widespread use for packaged drinks, organic varieties are picking up in premium and health food spaces. Coconut gel also picks up momentum in cosmetics and pharmaceuticals on the back of digestive and moisture benefits. In spite of local unfamiliarity and import dependency, long-term growth in the South Korea coconut gel market will be fueled by enhanced retail penetration, increasing e-commerce penetration, and value creation in flavor.

Report Coverage

This research report categorizes the market for the South Korea coconut gel market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea coconut gel market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea coconut gel market.

Driving Factors

South Korean market for coconut gel is driven by expanding consumer demand for plant-based, low-calorie, and functional food ingredients. Coconut gel is more and more sought after in beverages, desserts, and healthful snacks with its chewy texture, water-holding capacity, and dietary fiber content. Increasing popularity of vegan and clean-label lifestyle also propels market expansion. Apart from beverages and food, it is also increasingly applied in medication and cosmetics for digestive and hydrating reasons, which helps in the product's universal application and increasing demand.

Restraining Factors

South Korea coconut gel market is restrained by heavy reliance on imports and hence is susceptible to volatilities in global prices as well as supply chain volatility. Lack of consumer awareness for coconut gel as well as cost disadvantage of coconut gel over traditional ingredients can also suppress widespread adoption in some segments of the market.

Market Segmentation

The South Korea Coconut Gel Market share is classified into product type and application.

• The conventional coconut gel segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea coconut gel market is segmented by product type into organic coconut gel and conventional coconut gel. Among these, the conventional coconut gel segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its affordability and prevalent utilization in foodservice and retail packaged drinks are the reasons for its large market share.

• The food and beverage segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea coconut gel market is segmented by application into food and beverages, cosmetics, pharmaceuticals, and others. Among these, the food and beverage segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Coconut gel finds itself in extensive applications in fruit juices, puddings, ice creams, and health-oriented snacks to meet increasing demand for functional foods and vegetarian products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea coconut gel market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nata De Coco Manufacturing Sdn Bhd
• Siva Exports
• Hainan Yeguo Foods Co., Ltd.
• Hainan Nicepal Industry Co., Ltd.
• Hainan Zhongxin Wanguo Coconut Industry Co., Ltd.
• Hainan Meilan Coconut Food Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea coconut gel market based on the below-mentioned segments:

South Korea Coconut Gel Market, By Product Type

• Organic Coconut Gel
• Conventional Coconut Gel

South Korea Coconut Gel Market, By Application

• Food and Beverages
• Cosmetics
• Pharmaceuticals
• Others