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) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Coconut Milk Market
Global coconut milk market is expected to register a healthy CAGR of 16.8% in the forecast period of 2019-2026. Increasing adoption of coconut milk in cosmetic industry, is the major factor for the growth of the market.
Market Definition: Global Coconut Milk Market
Coconut milk is milky, white in color, which is extracted from the flesh of mature coconuts. Coconut milk can be available in thick or thin nature. With the help of mature coconuts the thick milk can be obtained. This is extracted by squeezing the flesh of fresh coconuts. Thick milk provides more fat than thin milk. Coconut oil is used in preparation of baked goodies, ice creams, coconut whipped cream and many more delicious products. Coconut milk has major health benefits such as it weight loss, improves cardiac health and enhances the function of the immune system.
- Rising demand for plant-based food products will drive the market growth
- Increasing adoption of coconut milk products in several food recipes is another factor boosting the market growth
- Increasing prevalence of lactose intolerance in North America and Europe will boost the market
- Growing awareness about the health benefits of coconut milk will also fuel the growth of the market in the forecast period
- Increasing allergies due to high consumption of coconut milk will hamper the growth of market
- Availability of substitutes to coconut milk such as spiced milk, soy milk, and yoghurt hinders the market growth
- High cost of coconut milk as compared to dairy milk is another factor restraining the growth of this market
Segmentation: Global Coconut Milk Market
By Packaging Type
By Product Type
- Coconut Cream
- Coconut Milk Powder
By End Use
- Food & Beverage Processing
- Cosmetics & Personal Care
- Functional Food & Dietary Supplements
- Food Services
By Distribution Channel
- Convenience Stores
- Supermarkets & Hypermarkets
- North America
- South America
- Rest of South America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In December 2018, Danone introduced Oikos made with coconut milk which is plant based yogurt product for children. This will help to increase the product portfolio as well as revenue of a company
- In July 2017, Vita coco had launched innovative dairy alternative which consist of low-calorie and low-fat coconut milk. The new product was intended to fulfill the requirements of health conscious consumers. This launch will help to increase the growth of coconut water, milk and oil categories further enhancing the. product line and profit margin of the company
Global coconut milk market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of coconut milk for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in global coconut milk market are Goya Foods Inc., Pureharvest, 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 among others.
Research Methodology: Global Coconut Milk Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Food and beverages industry experts, Research Laboratories, Group Purchasing Organizations, Associations, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global coconut milk market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)