Coconut Milk Market Business Opportunities, Future Industry Trends, Strategies, Revenue, Challenges, Top Players and Forecast

Coconut Milk Market is a comprehensive and expert report that emphasizes market share, leading segments, geographic analysis, and primary and secondary drivers. A market research study includes basic, secondary, and advanced data about the state and trends of the global market as well as its size, growth, share, and segmentation as well as forecasts for the years 2023 through 2030. The study serves as the best foundation for examining competitors, evaluating their key capabilities, and creating a competitive environment for the Coconut Milk Market sector. The Coconut Milk Market Report is a meticulous examination of the market's current state, encompassing several key factors.

Explore Further Details about This Research Coconut Milk Market Report https://www.databridgemarketresearch.com/reports/global-coconut-milk-market

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.

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.

Market Definition

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.

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.
Global Coconut Milk Market Scope

The coconut milk market is segmented on the basis of nature, form, packaging type, end use and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nature

Organic
Conventional

Formulation

Powder
Liquid

Packaging type

Pouches
Bottles
Cans
Others

Application

Food & Beverage Processing
Cosmetics & Personal Care
Functional Food & Dietary Supplements
Food Services
Household

Distribution channel

Convenience Stores
Supermarkets & Hypermarkets
Others

Some of the major players operating in the coconut milk market are:

Bayer AG (Germany)
Abbott (U.S.)
DSM (Netherlands)
(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)

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