Coconut Milk Market Size, Share, Growth and Trends, Report 2024-2031

Global Coconut Milk Market is estimated to grow at a CAGR of 17.3% during the forecast period 2024-2031.

Coconut milk is made from the grated meat of mature coconuts, and its rich taste and color are due to its high oil content, predominantly saturated fat. The growth of the coconut milk market is driven by its numerous health benefits. Coconut milk enhances the immune system and may help reduce the risk of certain illnesses. Lauric acid, a key component of coconut milk, is efficiently absorbed by the body and used for energy. This beneficial property is a significant factor contributing to the market's expansion.

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Market Dynamics:

Growing inclination of consumers towards vegan foods

The growing consumer awareness of the health benefits of a vegan diet is significantly driving the market. Veganism is increasingly accepted in developed countries like the U.S. and U.K., largely due to heightened concerns about animal welfare and environmental issues. Data from the Plant-Based Foods Association indicates that plant-based milk sales in the U.S. rose by 5% in 2020 compared to the previous year, representing 14% of total retail milk sales. Additionally, the rising use of plant-based milk in various processed foods, such as cakes, yogurt, and smoothies, further supports the market's expansion.

Segment Covered in Coconut Milk Market:

By Nature: Organic, Conventional.

By Form: Powder, Liquid.

By Packaging Type: Bottles, Cans, Pouches, Others.

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retails, Others.

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Key players involved in Coconut Milk Market:

• Cocomi Bio Organic
• Nestle S.A
• The Coconut Company (UK) Ltd.
• Davidsun Coconuts
• Pureharvest
• Gaya Foods
• Whitewave Foods
• Vita Coco
• Edward & Sons
• Ducoco

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The Coconut Milk Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Coconut Milk Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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