Coconut Milk Market Size to Reach USD 7809.96 million with CAGR of 14.4% by 2029

Latest released Global Coconut Milk Market Research Report provides detailed assessment of Key and emerging players showcasing company profiles, product/service offerings, market price, and sales revenue to better derive market size estimation. This global Coconut Milk market report is generated by a team of multilingual researchers who are skilled at different languages and hence perform market research internationally. Clients can experience a nice combination of best industry insight, practical solutions, talent solutions and latest technology while utilizing or applying this Coconut Milk report for the business growth. Transparency in research method and use of excellent tools and techniques makes this Coconut Milk market research report an outstanding. Even this Coconut Milk report is all-inclusive of the data which includes market definition, classifications, applications, engagements, market drivers and market restraints that are derived from Porter's Five Forces analysis.

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Data Bridge Market Research analyses that the coconut milk market was valued at USD 2,662.2 million and is expected to reach the value of USD 7809.96 million by 2029, at a CAGR of 14.4% during the forecast period of 2022-2029.In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Dairy consumption in some categories has declined over the last two decades, as consumers respond to concerns about hormone usage, allergens, and the perceived unhealthy profile of some dairy offerings, which was once regarded as an essential component of a balanced diet in several cultures. This has altered the global landscape for dairy producers, as they strive to keep up with changing consumption attitudes and regional differences in consumer attitudes, while capitalising on potential opportunities in dairy product consumption. Coconut milk, for example, has a perceived health halo among consumers, capturing the attention of dairy product providers.

Coconut milk is a type of white milk that is extracted from the flesh of mature coconuts. The milk comes in both thick and thin varieties, depending on the maturity of the fruit. Coconut milk is made by pressing the flesh of fresh coconuts and contains more fat than thin milk.

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Coconut Milk Market Dynamics

Drivers

Rising prevalence of chronic lifestyle diseases and intolerance to dairy milk

One of the key factors driving market growth is the rising prevalence of chronic lifestyle diseases and intolerance to animal protein. Furthermore, the widespread adoption of vegan eating habits around the world is propelling market growth. With rising consumer awareness of animal health and the rise in lactose intolerants around the world, there is a shift in global preference for coconut milk products. As a result, the market has a more positive outlook.

Rise in social media marketing

Furthermore, the development of novel products is stimulating growth. These products are high in essential nutrients and taste almost identical to their animal-derived counterparts. Other factors, such as extensive promotional activities by celebrities and athletes to encourage the consumption of vegetarian products in order to maintain a healthy lifestyle and the ease of product availability via proliferating online retail channels, are expected to drive the market even further.

Opportunity

Lactose intolerance is one of the most recent opportunities for a global market. The vast majority of the world's population will remain lactose intolerant. This segment of the global population will always require a lactose-free alternative, which the coconut milk industry can provide. Another possibility is the sustainable living movement, which advocates for climate- and animal-safe milk. As people make more environmentally conscious choices to reduce their domestic carbon footprint, the global Market is paying close attention to an excellent opportunity for coconut milk growing market.

Recent development

Axelum Resources Corp. collaborated with local e-commerce such as Shopee and Lazada, as well as another online coconut store, in May 2021; these stores sell products such as coconut milk powder, coconut cream and milk, and coconut cooking oil.
Only Earth will launch its oat and coconut milk in India in May 2021. Only Earth's products are available from several online retailers in India, including Amazon, Big Basket, and QTROVE. The product costs INR 300 for a 1L package. In some Indian cities, the milk products are also available at stores such as Nature's Basket and Foodhall.
Danone SA began production of its plant-based Alpro drinks in March 2021 at its Labinsk plant in southern Russia. The first stage of the project has been completed, and production of oat, almond, and coconut drinks is currently underway. The capacity of the new line is 7,000 units of product per hour in 1-litre and 0.75-litre packaging.

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Some of the key Players profiled in the Global Coconut Milk Market :

Bayer AG (Germany)
Abbott (U.S.)
DSM (Netherlands)
DuPont. (U.S.)
Amway (U.S.)
The Nature's Bounty Co. (U.S.)
GlaxoSmithKline plc. (U.K.)
Nestlé SA (Switzerland)
Mead Johnson & Company, LLC. (U.S.)
Premier Nutrition Corporation (U.S.)
TOOTSI IMPEX Inc. (Canada)
Health Milk Manufacturers' Association (U.K.)
NOW Milk (U.S.)
Glanbia PLC (Ireland)
Herbalife International of America, Inc. (U.S.)
Bionova (India)

Key Benefits of the Report:

This study presents the analytical depiction of the global Coconut Milk industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Coconut Milk market share.
The current market is quantitatively analyzed from 2022 to 2029 to highlight the global Coconut Milk market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global Coconut Milk market analysis based on competitive intensity and how the competition will take shape in coming years.

Browse Detailed Summary of Research Report @ https://www.databridgemarketresearch.com/reports/global-coconut-milk-market

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