Trends toward Nutrient Content in Food, Driving the Growth Factor of Coconut Milk Market | Goya Foods, Inc., Pure Harvest Are Major Role Player

Introduction:
Coconut Milk is the thick white liquid extract of coconut. Coconut milk is produced by grating and extracting the liquid from coconut meat. Coconut meat is widely used across the food industries for enhancing the flavor, aroma and the nutrient content of the food. Coconut milk contains lauric acid which imparts energy to the body. Coconut milk is rich in vitamin and minerals and helps in reducing the bad cholesterol from the body. Coconut milk is lactose-free and hence is popular amongst the consumers having lactose intolerance. The wide application and high nutrient content makes the market growth of coconut milk more significant.

Market Scenario:
Increasing health consciousness and rising inclination of consumers towards adopting vegan diet is anticipated to fuel up the market demand for coconut milk. The shift in consumption pattern of consumers has supported the vegan diet growth amongst the population thus influencing the positive growth of coconut milk market. The versatile application of coconut milk across the food industries is one of the major factors contributing to its increased market share.
On the basis of coconut milk form, liquid form is found to hold a major share and is calculated to increase at high rate globally. However, the high shelf-life of the powder form is supporting the increased demand of the product from consumer’s side. Due to convenience usage, the bottle packaging of coconut milk is evaluated to hold a major and significant share. The application of coconut milk in bakery and confectionery is found to hold a major share. Amongst the distribution channels for the sale of coconut milk, hypermarket and supermarket’s share is projected to increase at a high rate.

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Key Players
The key players profiled in the global coconut milk Market are Goya Foods, Inc. (U.S.), WhiteWave Foods (U.S.), McCormick & Company (U.S.), Native Forest (U.S.), Theppadungporn Coconut Co. Ltd. (Thailand), Pure Harvest (Australia), Ducoco Produtos Alimenticios S/A (Brazil)
Study Objectives of Coconut Milk Market
•Detail analysis of the market’s segments and sub-segments
•To estimate and forecast market size by Form, Packaging, Application, Distribution Channel and Region
•To analyze key driving forces which are influencing the market
•Region level market analysis and market estimation of North America, Europe, Asia, and rest of the world (ROW) and their countries
•Value chain analysis & supply chain analysis of Coconut Milk
•Company profiling of major players in the market
•Competitive strategy analysis and mapping key stakeholders in the market
•Analysis of historical market trends and technologies along with current government regulatory requirements

Intended Audience
•Coconut Milk Manufacturers
•Beverage Manufacturers
•Bakery and Confectionery Industries
•Retailers and Wholesalers
•Traders, Importers and Exporters

Key Findings:
•Application of coconut milk in dairy and frozen desserts is anticipated to have a high growth during the forecast period.
•Top exporters of coconut milk include China, U.S., Germany, Japan, Netherlands
Segments
•Coconut Milk has been segmented on the basis of Form which comprises Powder, Liquid, Others. Liquid form is found to hold a major share due to its ready-to-drink and ready-to-use property.
•Coconut Milk has been segmented on the basis of Packaging which comprises Box, Bottle, Vacuum Pack, Cans, Others. Bottle packaging form holds a lion’s share in the global coconut milk market based on the on-the-go property.
•Coconut Milk has been segmented on the basis of application which comprises Convenience Foods, Beverages, Bakery and Confectionery, Dairy and Frozen dessert, Others. Bakery and Confectionery is holding a large share followed by wide application in the industry.
•Coconut Milk has been segmented on the basis of Distribution Channel which comprises Hypermarkets and Supermarkets, Convenience stores, Specialty stores, E-commerce, Others. Sale through hypermarkets and supermarkets is found to be high.

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Regional Analysis
The Global Coconut Milk Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America region has the major market share followed by Asia Pacific. Changing life-style has led to adoption of vegan and healthy diet by consumers due to which Asia-Pacific is projected to generate a high revenue during the given forecast period. The Major importers of coconut milk include U.S., Germany, China, U.K. and Japan. Based on the higher demand for heath drinks with lesser calories, the import and export of coconut milk in the developed countries is found to rise at a steady growth rate.
The Global Coconut Milk Market is segmented under the following regions mentioned below:

North America
•U.S.
•Canada
•Mexico

Europe
•Germany
•France
•Italy
•Spain
•U.K.
•Rest of Europe

Asia-Pacific
•China
•India
•Australia
•Japan
•Rest of Asia Pacific

Rest of the world
•Brazil
•Argentina
•Saudi Arabia
•South Africa
•Others

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This release was published on openPR.