Global Coconut Milk Products Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Coconut Milk Products Market 2021 (Includes Business Impact of COVID-19)
Global Coconut Milk Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global coconut milk products market report has been segmented on the basis of category, form, packaging type, distribution channel, and region.
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The global Coconut Milk Products market size was valued at USD$1.17 billion in 2020 and is projected to reach UDS$4.70 billion by 2030, and is anticipated to expand at a CAGR of 14.43% over the forecast period from 2020 to 2030.


Global Coconut Milk Products Market: Overview


Coconut milk products are produced from the surface of matured coconuts and are useful in many industries such as food service industry, cosmetics and personal care products, retail use, food processing industry. Coconut milk products comprises of lite coconut milk, cream of coconut, coconut milk powder, and full fat coconut milk. Coconut milk are available in many different types such as canned, thick, and pure that is used in food applications. For intensifying the flavor and also the thickness of the dish and also it is used as an alternative for conventional milk and used in beverages industry. Coconut milk is also used in making of ice creams.


Global Coconut Milk Products Market: Dynamics


Increasing number of consumers who are shifting their diet towards vegan diets as it is healthier as compared to non-vegan diets is the major factor expected to drive the target market. In addition, increasing wellness and fitness awareness has led to consumers go for the products which are healthier and are more natural across the globe are some of the other factors expected to drive demand of the rice syrup. Furthermore, increasing demand for coconut milk products usage as alternates for dairy milk, especially in a number of sweet and savory dishes is among the other factor expected to drive the growth of the target market. However, over consumption of coconut milk can cause heart related sicknesses is among a major factor restraining the growth of the target market.


Global Coconut Milk Products Market: Segment Analysis


Among the category segments, organic segment is dominating in the global market in terms of revenue share. Due to changing lifestyle and increasing number of health conscious population. This is the factor expected to drive the growth of category segment. Among the form, powder is dominating in the global market in terms of revenue share. As it has more shelf life compared to other form. This is the factor expected to drive the growth of form segment. Among the packaging type segments, bottles segment is dominating in the global market in terms of revenue share. Among the distribution channel segments, store-based segment is dominating in the global market in terms of revenue share.


Global Coconut Milk Products Market: Regional Analysis


Currently, the market in North America accounts for the major market share and is likely to drive growth over the forecast period due to increasing shift of plant-based products and vegan diets coupled with increasing food-borne reactions and lactose restrictions among the population in the region. The market in Asia Pacific is expected to register as the fastest growing in terms of revenue share in the near future due to increasing number of manufacturers who are beginning coconut milk beverages including chilled coconut milk, coupled with increasing health consciousness among consumers are the factors which drive the growth of the target market in Asia Pacific region.

Global Coconut Milk Products Market Segmentation:

Segmentation by category:

  
Conventional
  
Organic

Segmentation by form:

  
Liquid
  
Powder

Segmentation by packaging type:

  
Bottles
  
Cans
  
Pouches

Segmentation by distribution channel:

  
Store-based
  
Non-store-based


Key Market Players included in the report:


  
Ahya Coco Organic Food Manufacturing
  
Asiatic Agro-Industry
  
Campbell Soup (Pacific Foods)
  
Celebes Coconut Corporation
  
Charoen Pokphand Foods
  
Chef’s Choice Food Manufacturer Company Ltd.
  
Coconut Palm Group
  
Dabur India Ltd
  
Danone S.A.
  
Ducoco Produtos AlimentIcios S/A
  
Fresh Fruit Ingredients Inc.
  
Goya Foods Incorporation
  
Grace Foods Canada Inc.
  
GraceKennedy Group
  
Heng Guan Food Industrial
  
J Mitra Sdn. Bhd.
  
M&S Food Industries
  
McCormick & Company, Inc.
  
Monty & Totco Corporation Limited
  
Nestle SA
  
Pacific Foods of Oregon
  
Primex Coco Products Incorporation
  
PT. Sari Segar Husada
  
Renuka Foods PLC
  
S&P International Holding Limited
  
Sambu Group
  
Santanku Sdn. Bhd.
  
Thai Agri Foods Public Co., Ltd.
  
Thai Coconut Public Company Limited
  
The padungporn Coconut
  
The WhiteWave Foods Company
  
Theppadungporn Coconut
  
Vita Coco
  
WhiteWave Foods