Coconut Milk Products Market 2019 Size, Share, Revenue, Global Industry Growth Analysis, Segmentation, Sales Channel Insights, Gross Margin, Competitive Landscape, Forecast to 2027

This report focuses on the Coconut Milk Products Market Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Coconut Milk Products development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

Latest market study on “Coconut Milk Products Market to 2027 – Global Analysis and Forecasts by Nature (Organic and Conventional), Product Type (Coconut Cream, Coconut Milk Powder, and Others), End Use (Food & Beverage Processing, Cosmetics & Personal Care, Functional Food & Dietary Supplements, Food Services, and Household), and Distribution Channel (Direct Sales and Indirect Sales)”, The global coconut milk products market is 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 Driven by the Surge In Demand for Plant-Based Food Products and Increase in Adoption of Coconut Milk in Cosmetic Industry.

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The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. Growth of food and beverage industry will escalate the coconut milk products market at a CAGR of 9.3%.

The scope of study involves understanding on the factors responsible for this growth of coconut milk products market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant coconut milk products players in the market and their key developments.

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The food and beverage processing is leading the end use segment. Coconut milk products such as coconut cream and coconut milk powder are used on a large scale in the food and beverage industry to add flavor to the products. Also, there is a significant rise in demand for Asian cuisines, which would lead to an increase in demand for coconut milk. Moreover, the rising popularity of flavored coconut beverages further propels the demand for coconut milk products over the projected period.

The high nutrition content, low calories, and high fiber content of the coconut milk products attract the food and beverage manufacturers to research and invest in coconut milk products market. The leaders in the market are offering new and innovative coconut based products to consumers. Therefore, the growing preference of the consumers for fresh and healthy food and beverages is boosting the demand for coconut milk products market globally.

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. Moreover, the rise in adoption of coconut milk products in several food recipes and products further boost the coconut milk products market globally.

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.

Health experts state that intake of excess saturated fats is not suitable for cardiovascular health. Thus, coconut milk is not recommended to drink directly as animal-based milk. Currently, it is highly used in cooking, for instance, smoothies, sauces, curries, etc. They are added in various food products such as salad dressings, curries, chocolate, pancakes, and milkshakes, among others. It is highly recommended to include coconut milk in vegan diet owing to its health benefits and satisfies the need for fat in the body — also, coconut milk products used in vegan cooking to add flavor and richness to food. Coconut milk is not only consumed as a drink but also used as a significant ingredient in several recipes. These are basically used in curries, smoothies, non-dairy sauces, pies, cheesecake, pudding, ice cream, etc.

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RISE IN ADOPTION OF COCONUT MILK PRODUCTS IN SEVERAL FOOD RECIPES AND PRODUCTS – INFLUENCE THE DEMAND FOR COCONUT MILK PRODUCTS MARKET GLOBALLY

Coconut milk plays a vital role in South East Asian cuisines and also used as an active ingredient in several salty and sweet recipes. Additionally, in curries, coconut milk is included as a thickening agent in order to add particular texture to it. Growing demand for plant-based food products in developed and developing countries such as the United States, Canada, Germany, France, UK, China, and India among others is also driving the growth of global coconut milk products market. Thus, the factors mentioned above state that application of coconut milk products in several food recipes are boosting the global market.

During the past few years, researchers in the food industry are looking for product improvement to cater to consumers changing demand. Growing urbanization and fast pace lifestyle are demanding for fresher and diverse types of food products that are also beneficial for consumer health. Thus, research & developments in the food sector, along with variations in demands have introduced several novel products in the food and beverage industry. A similar trend has followed in the milk industry as well, considering milk consumption and application.

The Strategic Insights and Recent Developments in Coconut Milk Products Industry:
Merger & acquisition, corporate communication, project finance and product news were observed as the most adopted strategies in global coconut milk products market. Few of the recent developments in the global coconut milk products market are listed below:

• 2019: Nestlé SA invests US$ 72 million in single largest coconut milk processing plant in Sri Lanka. It helped them in increasing product offering to wider customers in food and beverage industry

• 2018: GraceKennedy Limited increased its new product offerings of coconut milk powder on Amazon. It was priced between US$ 14.94 and US$ 38.49 and sold under the Grace brand.

• 2017: Danone S.A. acquired WhiteWave Foods to combine their activities in North America to function as a strategic business unit, named as DanoneWave. WhiteWave sells coconut milk products under the Alpro and Oikos brand. This helped Danone S.A. to increase their product ranges in coconut milk product categories

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