Coconut Milk Products Market Global Analysis with Superior CAGR of +9.3% and Major Players as Danone S.A., Goya Foods, Inc., GraceKennedy Limited, McCormick & Company, Inc., Nestlé SA, Pacific Foods of Oregon, LLC, Sambu Group

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.

The "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 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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MARKET SEGMENTATION

The global coconut milk products market is segmented on the basis of nature, product type, end-use and distribution channel. Based on nature, the market is segmented as organic and conventional. The market on the basis of the product type, is classified as coconut cream, coconut milk powder and others. By end-use, the market is segmented as food & beverage processing, cosmetics & personal care, functional food & dietary supplements, foodservices, household and others. The market by distribution channel is segmented as hypermarkets & supermarkets, convenience stores, specialty stores, small groceries, online retail and others.

KEY PLAYERS

1. Danone S.A.
2. Goya Foods, Inc.
3. Gracekennedy Limited
4. Mccormick & Company, Inc.
5. Nestle S.A.
6. Pacific Foods Of Oregon, Llc
7. Sambu Group
8. THAI Agri Food Plc
9. Thai Coconut Public Company Limited
10. Celebes Coconut Corporation

Surge In Demand for Plant-Based Food Products

The demand for the plant-based food products is increasing with the rise in health awareness. The coconut milk is dairy free alternative which is an excellent source of fiber, calcium, zinc, iron, and magnesium. It also provides benefits such as bone strengthening, cardiovascular health benefits, immune strength, weight loss, and offers allergen free properties. Thus, leaders in the coconut milk products market are also focusing more on inventing new products with added nutritive value.

Increase in Adoption of Coconut Milk in Cosmetic Industry provides opportunity for the Coconut Milk Products market growth

Coconut milk is largely used in several food applications owing to its plant-based nature and health benefits associated with its consumption. Every part of the coconut, such as water, milk, sugar, flesh, and oil can be used in several ways. It is used in the cosmetic industry to produce natural skin care products. It is used in moisturizing lotion and face creams owing to its superior moisturizing properties. Coconut milk is also used in shampoo and conditioners, which promotes hair growth, makes it less greasy, and adds volume to hair. Currently, leading beauty brands are using coconut milk in a wide range of products from moisturizers to make-up products.

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