Coconut Milk Products Market Size Worth USD 1,775.4 Million By 2027 | The Insight Partners

According to The Insight Partners' research, 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.

The coconut milk products market accounted for 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 for US$ 1,775.4 Mn by 2027.

The Asia Pacific accounted for the largest market share in the global coconut milk products market owing to the wide utilization of various coconut milk products in various regional cuisines and rising demand from the food and beverage industry. The region is expected to register a CAGR of 10.0% during the forecast period.

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The global coconut milk products market accounted for 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 for US$ 1,775.4 Mn by 2027. Coconut cream and coconut milk powder are the most preferred coconut milk products globally. These products are rich in fats and nutrition. Coconut milk products are used as a dairy alternative by people suffering from lactose intolerance. They are also used in various recipes due to their 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 the adoption of coconut milk products in several food recipes and products further boosts 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.

An increase in the Adoption of Coconut Milk in the Cosmetic Industry provides an opportunity for the Coconut Milk Products market growth

Coconut milk is largely used in several food applications owing to its plant-based nature and the 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 List of Companies: Coconut Milk Products Market

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.

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More Research:

https://www.marketwatch.com/press-release/food-contact-paper-market-forecast-to-2028-financial-performance-strategic-initiatives-product-portfolio-and-company-overview-2022-10-17

https://www.marketwatch.com/press-release/organic-pet-food-market-to-2028-geographical-scope-and-product-benchmarking-2022-10-17

https://www.marketwatch.com/press-release/oats-market-to-2028--financial-performance-strategic-developments-and-key-insights-2022-10-17

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