Market Overview:
The global coconut milk and coconut milk derivative market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for plant-based foods, rising awareness about the health benefits of coconut milk, and growing popularity of Thai cuisine. In terms of volume, the food service segment is expected to account for the majority share in the global market in 2018. However, with rising consumer preference for convenience foods, the food retail segment is projected to register highest CAGR during 2018-2030. Regionally, Asia Pacific is anticipated to be a key contributor to market growth throughout the forecast period followed by Europe and North America respectively.
Product Definition:
Coconut milk is the liquid that comes from the grated meat of a coconut. It is often used as an ingredient in Southeast Asian and Indian cuisine. Coconut milk derivative is a product that has been extracted from coconut milk, usually through evaporation or freeze-drying. It can be used in place of coconut milk to add flavor to dishes or as a dairy substitute.
Bottles:
Bottles is a packaging product made up of plastic or glass. It can be used for the storage of coconut milk and coconut milk derivative. Bottles are available in different sizes, shapes and capacities to store different volumes of liquid products. The most commonly used type of bottles in the market is HDPE (High-Density Polyethylene) bottles which have a wide range of applications due to properties such as excellent barrier against moisture, gas & light preservation and high impact resistance among others.
Cans:
Cans are metal packaging containers that are used for packing food products such as meat, fish, vegetables and fruits. Cans also provide extended shelf life to the packed product. The major advantage of using cans is that they can be reused after cleaning them thoroughly.
Application Insights:
Food service accounted for more than 70.0% of the global coconut milk and coconut milk derivative market in 2017. Coconut products have gained popularity among foodies as they are a rich source of nutrients, including potassium, magnesium, zinc, vitamin B6 and calcium. These factors are likely to propel the demand for coconuts in the hospitality sector over the coming years.
The product is widely used in commercial kitchens due to its ability to create authentic-tasting Indian cuisine at home without having to spend huge amounts on specialty imports from India or Goa any more.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth in this region is attributed to increasing product consumption in countries, such as India, Japan, Thailand, Philippines and Indonesia. Coconut milk provides a rich source of nutrients including vitamins A and D that aids digestion as well as boosts immunity. It also helps reduce cholesterol levels while maintaining heart health.
North America coconut milk market was valued at USD X million in 2017 owing to growing demand from U.S.
Growth Factors:
- Increasing demand for plant-based milk alternatives: Coconut milk is a natural, plant-based alternative to dairy milk that is becoming increasingly popular among consumers looking for healthier options.
- Rising awareness of the health benefits of coconut products: Coconut milk and its derivatives are high in fiber, vitamins, minerals, and antioxidants, which has led to an increase in their popularity among health-conscious consumers.
- Growing demand from the foodservice industry: Coconut milk and its derivatives are being used more frequently by chefs in restaurants as ingredients in both sweet and savory dishes.
- Increased availability of coconut milk products: A growing number of brands are now offering coconut milk products such as yogurt, ice cream, cheese, etc., making them more readily available to consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Coconut Milk and Coconut Milk Derivative Market Research Report
By Type
Bottles, Cans, Pouches, Others,
By Application
Food Retail, Food Service,
By Companies
McCormick & Company Inc. (US), Goya Foods, Dabur India Ltd. (India), Ducoco (Brazil), Vita Coco (US), Celebes Coconut Corporation (The Philippines), Thai AGri Foods Public Co. Ltd. (Thailand), The Hain Celestial Group (US), Heng Guan Food Industrial Pte Ltd. (Singapore), ThaiCoconut (Thailand)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Coconut Milk and Coconut Milk Derivative Market Report Segments:
The global Coconut Milk and Coconut Milk Derivative market is segmented on the basis of:
Types
Bottles, Cans, Pouches, Others,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Retail, Food Service,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- McCormick & Company Inc. (US)
- Goya Foods
- Dabur India Ltd. (India)
- Ducoco (Brazil)
- Vita Coco (US)
- Celebes Coconut Corporation (The Philippines)
- Thai AGri Foods Public Co. Ltd. (Thailand)
- The Hain Celestial Group (US)
- Heng Guan Food Industrial Pte Ltd. (Singapore)
- ThaiCoconut (Thailand)
Highlights of The Coconut Milk and Coconut Milk Derivative Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bottles
- Cans
- Pouches
- Others
- By Application:
- Food Retail
- Food Service
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Coconut Milk and Coconut Milk Derivative Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Coconut milk is the water, oil, and cream that comes from coconuts. Coconut milk derivative is a type of dairy product made from coconut milk. It can be used in place of cow's milk in recipes or as a standalone beverage.
Some of the major players in the coconut milk and coconut milk derivative market are McCormick & Company Inc. (US), Goya Foods, Dabur India Ltd. (India), Ducoco (Brazil), Vita Coco (US), Celebes Coconut Corporation (The Philippines), Thai AGri Foods Public Co. Ltd. (Thailand), The Hain Celestial Group (US), Heng Guan Food Industrial Pte Ltd. (Singapore), ThaiCoconut (Thailand).
The coconut milk and coconut milk derivative market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Coconut Milk and Coconut Milk Derivative Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Coconut Milk and Coconut Milk Derivative Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Coconut Milk and Coconut Milk Derivative Market - Supply Chain
4.5. Global Coconut Milk and Coconut Milk Derivative Market Forecast
4.5.1. Coconut Milk and Coconut Milk Derivative Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Coconut Milk and Coconut Milk Derivative Market Size (000 Units) and Y-o-Y Growth
4.5.3. Coconut Milk and Coconut Milk Derivative Market Absolute $ Opportunity
5. Global Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Type
5.3.1. Bottles
5.3.2. Cans
5.3.3. Pouches
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Application
6.3.1. Food Retail
6.3.2. Food Service
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Coconut Milk and Coconut Milk Derivative Demand Share Forecast, 2019-2026
9. North America Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Application
9.4.1. Food Retail
9.4.2. Food Service
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Type
9.7.1. Bottles
9.7.2. Cans
9.7.3. Pouches
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Coconut Milk and Coconut Milk Derivative Demand Share Forecast, 2019-2026
10. Latin America Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Application
10.4.1. Food Retail
10.4.2. Food Service
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Type
10.7.1. Bottles
10.7.2. Cans
10.7.3. Pouches
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Coconut Milk and Coconut Milk Derivative Demand Share Forecast, 2019-2026
11. Europe Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Application
11.4.1. Food Retail
11.4.2. Food Service
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Type
11.7.1. Bottles
11.7.2. Cans
11.7.3. Pouches
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Coconut Milk and Coconut Milk Derivative Demand Share, 2019-2026
12. Asia Pacific Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Application
12.4.1. Food Retail
12.4.2. Food Service
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Type
12.7.1. Bottles
12.7.2. Cans
12.7.3. Pouches
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Coconut Milk and Coconut Milk Derivative Demand Share, 2019-2026
13. Middle East & Africa Coconut Milk and Coconut Milk Derivative Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Application
13.4.1. Food Retail
13.4.2. Food Service
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Coconut Milk and Coconut Milk Derivative Market Size and Volume Forecast by Type
13.7.1. Bottles
13.7.2. Cans
13.7.3. Pouches
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Coconut Milk and Coconut Milk Derivative Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Coconut Milk and Coconut Milk Derivative Market: Market Share Analysis
14.2. Coconut Milk and Coconut Milk Derivative Distributors and Customers
14.3. Coconut Milk and Coconut Milk Derivative Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. McCormick & Company Inc. (US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Goya Foods
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dabur India Ltd. (India)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ducoco (Brazil)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Vita Coco (US)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Celebes Coconut Corporation (The Philippines)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Thai AGri Foods Public Co. Ltd. (Thailand)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Hain Celestial Group (US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Heng Guan Food Industrial Pte Ltd. (Singapore)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ThaiCoconut (Thailand)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
