The global coconut milk products market accounted to US$ 812.4 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 – 2027, to account to US$ 1,775.4 Mn by 2027.
Coconut cream and coconut milk powder are the most preferred coconut milk products globally. These products are rich in fats and nutrition. The coconut milk products are used as a dairy alternative by the people suffering from lactose intolerance. They are also used in various recipes due to its mild and sweet taste. Growing demand for plant-based food products in developed and developing countries is stimulating the demand for these products.
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Top Key Players:-
The global coconut milk products market by geography is segmented into six regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to account for the largest share of the global coconut milk products market in 2018, followed by North America. Some of the key players in the coconut milk products market include Danone S.A., Goya Foods, Inc., GraceKennedy Limited, McCormick & Company, Inc., Nestlé SA, Pacific Foods of Oregon, LLC, Sambu Group, Thai Agri Food PLC, Thai Coconut Public Company Limited, and Celebes Coconut Corporation among others.
GLOBAL COCONUT MILK PRODUCTS MARKET SEGMENTATION
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
- Direct Sales
- Indirect Sales
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