In accordance with this study, the Global Coconut Milk Products Market value registered in 2022 was close to USD 2.2 BN and is predicted to outstretch revenue by USD 4.29 BN in 2030 with a CAGR of 8.7% during the period of 2023-2030.
Coconut milk is a thick milky white liquid extracted from the pulp of coconut, i.e., it is a mixture of coconut cream and water. The rich and delicious taste of coconut milk is because of its high oil content. Coconut milk is also used to produce milk substitutes such as soy milk, almond, etc. Coconut milk helps to improve the immune system and reduce critical illness. The sweetened processed coconut milk is used in food products to enhance the taste of the food and beverages.
Market Dynamics
The rising awareness regarding health benefits of coconut milk along with the increasing application of the products as a dairy substitute is escalating the growth of coconut milk products market. Also, increasing inclination of the population towards a vegan diet is further fueling the market growth. On the downside, limited sources of tender coconuts used for the preparation of coconut products restrain market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of coconut milk products.
Market Segmentation
The study offers a decisive view of the global coconut milk products market by segmenting it in terms of nature, flavor type, product type, and end-use. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Product Type
- Coconut Milk Powder
- Coconut Cream Powder
By Nature
By End Use
- Food and Beverage Processing (Bakery and Confectionery Ice-creams and Desserts, Breakfast Solutions, Curries, Sauces and Soups, Juices, Milkshakes and Cocktails, Other Food and Beverage Processing)
- Personal Care and Cosmetics
- Functional Foods and Dietary Supplements
- Foodservice/HoReCa (Hotels/Restaurants/Cafe)
- Household
By Distribution Channel
- Direct Sales/B2B
- Indirect Sales (Hypermarkets/Supermarkets, Convenience Stores, Mass Grocery Retailers, Specialty Stores, Online Retailingy, Grace Kennedy Limited, Coconut Palm Group, McCormick & Company Incorporation)
Regional Analysis
This section covers coconut milk products market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global coconut milk products market along with the individual application segment across all the prominent region.
Global Coconut Milk Products Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global coconut milk products market are Thai Coconut Public Company Limited, Danone S.A., Theppadungporn Coconut, M&S Food Industries, Goya Foods Incorporation, Primex Coco Products Incorporation, Asiatic Agro Industry, Santanku Sdn. Bhd., The Sambu Group, Monty & Totco Corporation Limited, PT. Sari Segar Husada, Pacific Foods of Oregon, Thai Agri Foods PLC, Ahya Coco Organic Food Manufacturing, Celebes Coconut Corporation, Heng Guan Food Industrial, Nestle SA, The WhiteWave Foods Company. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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