Global Coconut Milk Market, By Nature (Organic and Conventional), Form (Powder and Liquid), Packaging Type (Pouches, Bottles, Cans, Others), Product Type (Coconut Cream, Coconut Milk Powder and Others), End Use (Food & Beverage Processing, Cosmetics & Personal Care, Functional Food & Dietary Supplements, Food Services, and Household), Distribution Channel (Convenience Stores, Supermarkets & Hypermarkets, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The coconut milk market is expected to witness market growth at a rate of 13.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on coconut milk market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in health consciousness globally is escalating the growth of coconut milk market.
Coconut milk refers to the type of milk that is white in color and extracted from the flesh of mature coconuts. The milk is available in both thick and thin nature which depends on the maturity of the fruit. The coconut milk is extracted by squeezing the flesh of fresh coconuts and provide more fat than thin milk.
The increase in demand for plant-based food products across the globe acts as one of the major factors driving the growth of coconut milk market. The rise in adoption of coconut milk owning to its health benefits such as enhanced cardiac health, weight loss and improved function of the immune system, and consumer preferences for a vegetarian diet accelerate the market growth. The use of coconut milk products in several food recipes, and rise in the vegan population due to increased concern about the environment and animal’s further influence the market. Additionally, media influence on consumer awareness, rise in health consciousness, surge in spending on food and adoption of natural food products positively affect the coconut milk market. Furthermore, innovations in the product and packaging extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, higher cost of coconut milk than regular milk and availability of substitutes to coconut milk such as spiced milk, soy milk, and yoghurt are expected to obstruct the market growth. Concerns regarding allergies due to high consumption of coconut milk are projected to challenge the coconut milk market in the forecast period of 2021 to 2028.
This coconut milk market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on coconut milk market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Coconut Milk Market Scope and Market Size
The coconut milk market is segmented on the basis of nature, form, packaging type, end use and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the coconut milk market is segmented into organic and conventional.
- On the basis of form, the coconut milk market is segmented into powder and liquid.
- On the basis of packaging type, the coconut milk market is segmented into pouches, bottles, cans, and others.
- On the basis of product type, the coconut milk market is segmented into coconut cream, coconut milk powder and others.
- On the basis of end use, the coconut milk market is segmented into food & beverage processing, cosmetics & personal care, functional food & dietary supplements, food services, and household.
- On the basis of distribution channel, the coconut milk market is segmented into convenience stores, supermarkets & hypermarkets and others.
Coconut Milk Market Country Level Analysis
The coconut milk market is analyzed and market size, volume information is provided by country, nature, form, packaging type, end use and distribution channel as referenced above.
The countries covered in the global coconut milk market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the coconut milk market because of the increase in the number of lactose-intolerant people within the region. Asia-Pacific is expected to witness growth during the forecast period of 2021 to 2028 due to the prevalence of diabetes and obesity in the region.
The country section of the coconut milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coconut Milk Market Share Analysis
The coconut milk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to s coconut milk market.
The major players covered in the coconut milk market report are McCormick & Company, Inc., Theppadungporn Coconut Co. Ltd., Edward & Sons Trading Co., , iTi Tropicals, , PACIFIC FOODS OF OREGON, LLC., Dabur, , Thai Agri Foods Public Company Limited, ThaiCoconut public company(limited), Danone, Celebes Coconut Corporation, Asiatic Agro Industry Co. Ltd., SARI SEGAR HUSADA, SOCOCO, Ahya Coco Organic Food Manufacturing Corp. Heng Guan Food Industrial Pte Ltd, The WhiteWave Foods Company, Goya Foods Inc., and Pureharvest, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Coconut Milk Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.