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, Nescaf 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.
Vita Coco
Celebes Coconut Corp.
Thai Agri Foods Public Co. Ltd
Danone SA
Pureharvest
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:
Plastic bottles
Tetra Packs
Cans
By Category:
Organic
Conventional
By End-User:
Household
Food Services
Catering Services
Others
By Distribution Channel:
Direct Distribution
Retail Distribution

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors