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Coconut Milk & Cream Market worth $31.31 billion by 2030, growing at a CAGR of 5.41% - Exclusive Report by 360iResearch
Coconut Milk & Cream Market | 360iResearch
The Global Coconut Milk & Cream Market to grow from USD 21.64 billion in 2023 to USD 31.31 billion by 2030, at a CAGR of 5.41%.
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The coconut milk & cream serve as alternatives to traditional dairy milk and cream, catering to the diverse needs of consumers with lactose intolerance, vegan lifestyles, or those simply seeking healthier options. Coconut milk & cream are derived from the grated meat of mature coconuts and find extensive applications in the food, beverage, cosmetics, healthcare, and personal care industries. Consumer awareness about the health benefits of coconut-based products has driven demand for alternatives to conventional dairy products. The rise in veganism and plant-based diets has significantly increased demand for plant-derived substitutes such as coconut milk & cream. However, volatility in raw material cost and allergic reactions associated with the consumption and use of coconut-based products may adversely impact end-users product utility. Moreover, ongoing research, innovation, and development of low-fat or reduced-calorie versions of coconut-based products to cater to health-conscious consumers are expected to encourage the adoption of coconut milk & cream.
Increasing consumer preference for plant-based alternatives to dairy products and the numerous health benefits associated with coconut consumption are expanding the adoption of coconut milk & cream in the Americas. Consumers' interest in veganism has also contributed to an increased preference for plant-based milk options, including coconut milk in the Americas. The Asia-Pacific region has the largest production volumes of coconuts globally, positioning itself as a significant exporter of coconut-based products such as coconut milk & cream. The presence of coconut producers helps drive regional demand through traditional culinary usage and increased export opportunities to other regions. In the EMEA region, demand for coconut milk & cream is driven by cultural and health factors, and consumer awareness of lactose intolerance has fueled an interest in plant-based alternatives to traditional dairy products. Additionally, increasing application of coconut milk & cream in the cosmetic sector is anticipated to facilitate the use of coconut milk & cream in the upcoming years.
Market Segmentation & Coverage:
This research report categorizes the Coconut Milk & Cream Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Category, market is studied across Conventional and Organic. The Organic is projected to witness significant market share during forecast period.
Based on Form, market is studied across Liquid and Powder. The Liquid is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Convenience Stores, Online Retail Stores, and Supermarkets & Hypermarkets. The Supermarkets & Hypermarkets is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Cosmetics & Personal Care, Food & Beverage Processing, Food Services, Functional Food & Dietary Supplements, and Household. The Household is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 52.82% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Coconut Milk & Cream Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Coconut Milk & Cream Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Coconut Milk & Cream Market, highlighting leading vendors and their innovative profiles. These include Adamjee Lukmanjee & Sons (Pvt.) Ltd., Aldi Stores Limited, Asiatic Agro Industry Co., Ltd., Axelum Resources Corp., Califia Farms, LLC, Celebes Coconut Corporation, Ceres Enterprises Limited, Cha's Organics, Danone SA, Ecomil by Nutriops, S.L, Edward & Sons Trading Co., Goya Foods, Inc., Greenville Agro Corporation, Kapar Coconut Industries Sdn Bhd, M & S Food Industries Sdn Bhd, McCormick & Company Inc., Nature's Charm, Nestlé S.A., Only Earth by Naturise Consumer products Pvt Ltd, Pacific Foods Of Oregon, LLC by Campbell Soup Company, Primex Group of Companies, PT Sari Segar Husada, Renuka Foods PLC, Roxas Sigma Agriventures Inc, Sambu Group, Santanku Sdn Bhd., Stancodex Sdn. Bhd., and Thai Agri Foods LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Coconut Milk & Cream Market, by Category
7. Coconut Milk & Cream Market, by Form
8. Coconut Milk & Cream Market, by Distribution Channel
9. Coconut Milk & Cream Market, by End-Use
10. Americas Coconut Milk & Cream Market
11. Asia-Pacific Coconut Milk & Cream Market
12. Europe, Middle East & Africa Coconut Milk & Cream Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Coconut Milk & Cream Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Coconut Milk & Cream Market?
3. What is the competitive strategic window for opportunities in the Coconut Milk & Cream Market?
4. What are the technology trends and regulatory frameworks in the Coconut Milk & Cream Market?
5. What is the market share of the leading vendors in the Coconut Milk & Cream Market?
6. What modes and strategic moves are considered suitable for entering the Coconut Milk & Cream Market?
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About 360iResearch
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Executive Summary
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Coconut Cream in these regions, from 2012 to 2023 (forecast), covering
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and…
