Coconut Milk Products Market Size, Share, Trends Analysis, 2032

Coconut Milk Products Market: Industry Perspective

The global coconut milk products market size was worth around USD 1353.14 million in 2023 and is predicted to grow to around USD 2638.06 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.70% between 2024 and 2032. The report analyzes the global coconut milk products market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the coconut milk products industry.

Request Free Sample

The report covers forecasts and analysis for the coconut milk products market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures.

Coconut Milk Products Market: Overview

The coconut milk products market has enormous opportunities across the globe in the upcoming future and is expected to grow at a significant pace within the forecast period. The growing demand for the concept of veganism and the rise in awareness about health and nutrition across the globe is bolstering the coconut milk products market. Coconut milk products offer numerous health benefits such as the formation of hemoglobin due to the presence of iron content in it and also reduced blood pressure. It is considered an effective source to slow down cholesterol levels because of having high nutritional value, low calorie and high fiber content. Due to these health benefits, the food and beverage sector is utilizing health products which is supporting the development of the market across the globe.

Coconut Milk Products Market: Segment Analysis

The coconut milk products market has been segmented on the basis of product type and application.

Based on product type, the coconut milk products market is classified as coconut cream, coconut milk powder, and others. The coconut cream contains saturated fat and high fiber which strengthens the immunity system. These benefits are propelling the demand for coconut cream. Based on application, the coconut milk products market is further segmented into food and beverage processing, functional food and dietary supplements, cosmetics and personal care. In food and beverage processing coconut milk products are used in several culinary applications which give consistent and great taste to food products due to the presence of sweetness content in it.

Coconut Milk Products Market: Growth Factors

The significant rise in the demand for plant-based food products and plant-based cosmetic products are the primary factors that are expected to drive the market over the forecast years. The rise in disposable income, changes in lifestyle, consumer preferences and consumption patterns are the secondary factors that are expected to bolster the coconut milk products market over the forecast years. In both developed and developing countries, plant-based foods have greater demand due to the presence of high levels of nutritional value. Due to the growing awareness, consumers have shifted their preferences and moved towards plant-based cosmetic products. The factor that might hamper the coconut milk products market is substitute products such as soy or almond milk, which also have great nutritional value.

Coconut Milk Products Market: Competitive Analysis

The global coconut milk products market is dominated by players like:

• Danone S A
• Goya Foods, Inc
• GraceKennedy Limited
• McCormick and Company, Inc
• Nestle S A
• Pacific Foods of Oregon, LLC
• Sambu Group
• Thai Agri Food PLC
• Thai Coconut Public Company Limited
• Celebes Coconut Corporation

Coconut Milk Products Market: Report Scope

Coconut Milk Products Market: Nature Segment Analysis

• Organic
• Conventional

Coconut Milk Products Market:  Flavor Type Segment Analysis

• Sweetened
• Unsweetened

Coconut Milk Products Market:  Product Type Segment Analysis

• Full Fat Coconut Milk Products
• Lite Coconut Milk Products
• Refrigerated Coconut Milk Products
• Cream Of Coconut
• Coconut Milk Products

Coconut Milk Products Market:  Application Segment Analysis

• Food And Beverage Manufacturers
• Food Services
• Cosmetics & Personal Care
• Retail

Coconut Milk Products Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa