Coconut Milk Market Future Revenue Opportunities By Top Key Players Goya Foods, Pureharvest, McCormick, WhiteWave Foods, and Theppadungporn Coconut

Coconut milk is a liquid obtained by manual or mechanical extraction of coconut meat, with or without water. The composition of coconut milk depends on water used during extraction. Water also affects the fat content and moisture of coconut milk.

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Coconut milk contains two types of protein, albumins and globulins in the range of 6 to 8%. Spray drying method is used by manufacturers to dry coconut milk into powdered form as it increases its shelf life and also becomes easy for transportation. On an average, one coconut yields 60 to 100 grams of coconut powder depending on its size.

Market Dynamics
Diverse applications of coconut milk and high availability of coconut are the key factors driving growth of the global coconut milk market. Coconut milk is a rich source of protein such as prolamin, glutein, albumin, and globulin. Coconut milk is associated with various health benefits such as weight loss, boosts immune system, improves digestion, prevents acne, promotes hair growth, and treats sunburn as well as reduces the risk of diabetes and Alzheimer’s disease.
Coconut milk is added to various dishes and cuisines and has diverse usage in food and beverage industry such as ice cream, yogurt, sauces, and beverages.

Market Outlook

Among form, liquid coconut milk segment accounted for the highest market share in the coconut milk market in 2017. This is due to its wide applications in food and beverages industry, it is preferred to be used in a liquid form. Household consumers prefer liquid coconut milk due to its wide culinary usage such as to prepare curries, sauces and desserts.

Key players in Global Coconut Milk Market

Key players operating in the global coconut milk market include Goya Foods, Pureharvest, McCormick, WhiteWave Foods, and Theppadungporn Coconut Co. Ltd. Some other coconut milk manufacturers are Edward & Sons, Chi, Ducoco, Zurtle Mountain, Thai Agri Foods, iTi Tropicals, and Pacific Foods.

Key market players are launching new types of coconut milk-based products in order to meet rising demand from consumers. For instance, in February 2018, Nestle launched a new beverage based on coconut milk, Nespray Coco-Up.

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This release was published on openPR.