Global Coconut Milk Market is valued approximately at USD 1.29 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 17.1% over the forecast period 2021-2027. Coconut milk is widely used in food and bakery industry. Recently, it has also started being used in cosmetics and personal care industries. Its consumption provides health benefits such as enhanced immune system, weight loss and improved cardiac health. The global Coconut Milk market is being driven by increasing prevalence of lactose intolerance. For instance, according to the U.S. National Library of Medicine 2020 data, around 65 percent of the global population has become lactose intolerant; lactose intolerance is most prevalent in people of East Asian in adulthood descent, with 70 to 100 percent of people affected in the region. Furthermore, the rising demand for vegan food products, more people getting health conscious and growing use of Coconut Milk in newer industries will provide new opportunities for the global Coconut Milk industry. For instance, in 2021, Nescafé launched the new vegan flat white latte pods made of coconut milk in accordance to the growing demand for more dairy-free products. However, high cost of coconut milk as compared to the traditional dairy milk and increasing allergies in certain population due to high consumption of coconut milk may impede market growth over the forecast period of 2021-2027. Also, with the innovative solutions in the technology to utilize the coconut production efficiently and favorable initiatives by the government, the adoption & demand for Coconut Milk is likely to increase.
On the basis of region, Asia-Pacific is leading among the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World and is likely to remain dominant over the forecast period. This growth is due to the Asian countries being the largest producers and consumers of coconuts in the world.
Major market player included in this report are:
McCormick & Company Inc.
Goya Foods Inc.
Celebes Coconut Corp.
Celebes Coconut Corp.
Thai Agri Foods Public Co. Ltd
Thai Coconut Public Company
Dabur India Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Packaging Type:
By Distribution Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Coconut Milk Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Table of Contents
Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Coconut Milk Market , by Region, 2019-2027 (USD Billion)
1.2.2. Coconut Milk Market , by Packaging Type, 2019-2027 (USD Billion)
1.2.3. Coconut Milk Market , by Category , 2019-2027 (USD Billion)
1.2.4. Coconut Milk Market , by End-User, 2019-2027 (USD Billion)
1.2.5. Coconut Milk Market , by Distribution Channel, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Coconut Milk Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Coconut Milk Market Dynamics
3.1. Coconut Milk Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
184.108.40.206. Increasing prevalence of lactose intolerance
220.127.116.11. Rising demand for vegan food products
3.1.2. Market Restraint
18.104.22.168. High cost of coconut milk as compared to the traditional dairy milk
22.214.171.124. Increasing allergies in certain population due to high consumption of coconut milk
3.1.3. Market Opportunities
126.96.36.199. Innovative solutions to utilize the coconut production efficiently
188.8.131.52. Favorable initiatives by the government
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