Coconut Milk Market | Goya Foods, Pureharvest, McCormick, WhiteWave Foods, and Theppadung Coconut Co. Ltd.

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. Coconut milk is slightly acidic in nature with a pH of 6. 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.

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.

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Global Coconut Milk Market Taxonomy

On the basis of form, the global coconut milk market is segmented into:

Liquid
Powder

On the basis of application, the global coconut milk market is segmented into:

Food and Beverages
Cosmetics & Personal Care
Others

On the basis of nature, the global coconut milk market is segmented into:

Conventional
Organic

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In 2015, Coconut Development Board (CDB) is a statutory body established under the Ministry of Agriculture, Government of India launched flavored coconut milk in pistachio, rose and chocolate flavors. This new product is a rich source of iron and copper.
In 2016, the Ceylon Biscuits Limited (CBL) launched new product which promoted by brand name ‘Sera’. Sera is a premium liquid coconut milk which is conveniently available in 180 ml UHT packs. The company was focusing on expanding its coconut milk business in the market.
In 2017, Vita coco launched dairy alternative a low-calorie and low-fat coconut milk in the market. The new product was aimed to fulfill the demand of health conscious customers. Coconut milk light is made from a blend of coconut water and coconut cream and has 20 calories per 100ml.

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