Global Coconut Milk Products Market is expected reach US$ 1,775.4 Mn in 2027: Top Key Players are Danone, Goya Foods, GraceKennedy Limited, McCormick & Company, Nestlé SA and Pacific Foods of Oregon

The Coconut Milk Products Market to 2027 sheds light on the existing industry landscape and puts forward crucial market drivers and opportunities in the coming years. The Coconut Milk Products market is anticipated to witness decent growth in the coming years. The report offers an extensive pool of market data covering market sizes, revenue forecasts, value chain, product trends, and price trends that serve as a blueprint for businesses.

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.

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The Asia Pacific accounted for the largest market share in the global coconut milk products market owing to its wide utilization in various regional cuisines and rising demand from the food and beverage industry.

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.

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.

The global food and beverage sector has experienced significant growth over the past few years, with robust developments and innovations in the industry. Consumer preferences and demands have drastically changed owing to improved focus on dietary habits and the incorporation of super foods. On the other hand, processed, ultra-processed, and frozen foods are also witnessing high demand due to modern lifestyles. Besides, manufacturers are now looking at creating differentiated and customized food products, which further escalates the growth of the food & beverage industry.

The Coconut Milk Products market is segmented based on Type, Form and Applications. The report features exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.

Leading companies profiled in the report include:

Danone S.A.
Goya Foods, Inc.
Gracekennedy Limited
Mccormick & Company, Inc.
Nestle S.A.
Pacific Foods Of Oregon, Llc
Sambu Group
THAI Agri Food Plc
Thai Coconut Public Company Limited
Celebes Coconut Corporation

The report highlights key growth strategies adopted by these players of the Coconut Milk Products industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.

The report answers the following key aspects:

•           Coconut Milk Products Market size and growth rate in the forecast period.

•           Existing market trends.

•           Factors driving Coconut Milk Products market growth.

•           Future opportunities in the Global Coconut Milk Products Market.

•           Market initiatives by the leading vendors.

•           PEST analysis across five major regions.

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