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If you feel like everything is starting to taste like a piña colada, it isn’t just you.

Coconut is in everything. Packaged soups, baby foods and snack foods are made with coconut oil, flour and shavings. Gyms are stocking coconut water. For some, coconut oil is a substitute for butter on popcorn, and coffee shops are spooning it liberally in blended lattés.

The flavorful ingredient went from a garnish on a cake to a base in…