Market Overview:
The global coconut milk market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for dairy and dessert applications, rising awareness about the benefits of organic coconut milk, and growing popularity of veganism. Coconut milk is used as a direct drink or as an ingredient in dairy products, desserts, baked goods, and other food items. It is also used in cosmetics and personal care products. North America dominates the global coconut milk market followed by Europe and Asia Pacific.
Product Definition:
Coconut milk is a dairy-free alternative to cow's milk that is made from the grated flesh of coconuts and water. It has a slightly sweet taste and a thick, creamy texture. Coconut milk can be used in place of cow's milk in most recipes, and it is also popular as a coffee creamer.
Regular Coconut Milk:
Regular coconut milk is the one produced from fresh coconut and stored in dry climate for a longer period. It has thick texture and strong taste which increases its popularity among consumers. The thicker texture of regular coconut milk makes it more stable during transportation, handling, and storage than other types of coconut milk.
Organic Coconut Milk:
Coconut milk is a plant-based dairy alternative made from the meat of coconut. It has become increasingly popular in recent years owing to its high nutritional and medicinal properties. Organic coconut milk is different from regular coconut milk as it does not contain any additives or preservatives, and hence, offers maximum nutrition with minimum effort.
The product also finds application in several other industries apart from food & beverage including cosmetics & personal care products, pharmaceuticals,.
Application Insights:
The dairy and dessert application segment led the market in 2017. This is attributed to growing demand for ice cream, yogurt, cheese and other desserts across the globe. Regular coconut milk is used as an ingredient in making various types of Indian sweets such as halwa, kheer and rumali roti. Moreover, regular coconut milk offers a smooth texture when used to make curdled or yogurt-based dishes due to lactic acid content present in it.
Organic Coconut Milk is gaining popularity among health-conscious people because of its high nutritional content including vitamins B6 & C & fiber & zinc & selenium & manganese etcetera which are beneficial for immunity building. These organic products do not contain any added sugar or preservatives; hence they have a longer shelf life than their commercial counterparts thus driving the demand from dairy and dessert applications over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 35%. Coconut is the main crop grown on plantations across various parts of Asia. The region’s major coconut-producing countries include Indonesia, Philippines, Malaysia, Thailand, Sri Lanka and India. Coconut is an important source of income for farmers in these countries as it provides a reliable source of revenue through copra sales. In addition to this, increasing health awareness among consumers has resulted in increased demand for coconut milk based beverages across emerging economies including China and India.
North America emerged as the second fastest-growing regional market with a CAGR close to 6% from 2018 to 2030 owing to growing consumer preference towards dairy alternatives due to lactose intolerance or veganism in developed markets including the U.S.
Growth Factors:
- Increasing demand for plant-based milk alternatives: Coconut milk is a popular plant-based milk alternative that is gaining traction among consumers due to its nutritional benefits and taste. The global market for plant-based milks is projected to grow at a CAGR of 16.9% from 2018 to 2023, driven by the increasing popularity of veganism and lactose intolerance. This will create opportunities for coconut milk manufacturers to expand their presence in the market.
- Rising awareness about the health benefits of coconut milk: Coconut milk has various health benefits such as improved heart health, weight loss, reduced inflammation, and better skin health. This has led to an increase in its demand among consumers, especially those who are looking for healthier alternatives to dairy products or other processed foods.
- Growing demand from emerging markets: The Asia Pacific region is expected to be the fastest growing region for the coconut milk market during the forecast period owing to rising disposable incomes and changing dietary preferences among consumers in countries such as India and China . This will provide growth opportunities for existing players as well as new entrants into this market segment..
Scope Of The Report
Report Attributes
Report Details
Report Title
Coconut Milk Market Research Report
By Type
Regular Coconut Milk, Organic Coconut Milk
By Application
Direct Drink, Dairy & Dessert, Baked Products, Others
By Companies
Theppadungporn Coconut, ThaiCoconut, Asiatic Agro Industry, PT. Sari Segar Husada, SOCOCO, Ahya Coco Organic Food Manufacturing, Heng Guan Food Industrial, WhiteWave Foods, Coconut Palm Group, Betrimex, Goya Foods, Renuka Holdings, HolistaTranzworld, UNICOCONUT
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 Market Report Segments:
The global Coconut Milk market is segmented on the basis of:
Types
Regular Coconut Milk, Organic Coconut Milk
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
Direct Drink, Dairy & Dessert, Baked Products, Others
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:
- Theppadungporn Coconut
- ThaiCoconut
- Asiatic Agro Industry
- PT. Sari Segar Husada
- SOCOCO
- Ahya Coco Organic Food Manufacturing
- Heng Guan Food Industrial
- WhiteWave Foods
- Coconut Palm Group
- Betrimex
- Goya Foods
- Renuka Holdings
- HolistaTranzworld
- UNICOCONUT
Highlights of The Coconut Milk 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:
- Regular Coconut Milk
- Organic Coconut Milk
- By Application:
- Direct Drink
- Dairy & Dessert
- Baked Products
- Others
- 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 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
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- Product & Brand Management
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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 a type of milk made from coconuts. It is high in fat and contains a number of nutrients, including potassium, magnesium, and vitamin C. Coconut milk can be used as an ingredient in recipes or as a beverage on its own.
Some of the major players in the coconut milk market are Theppadungporn Coconut, ThaiCoconut, Asiatic Agro Industry, PT. Sari Segar Husada, SOCOCO, Ahya Coco Organic Food Manufacturing, Heng Guan Food Industrial, WhiteWave Foods, Coconut Palm Group, Betrimex, Goya Foods, Renuka Holdings, HolistaTranzworld, UNICOCONUT.
The coconut milk 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 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 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 Market - Supply Chain
4.5. Global Coconut Milk Market Forecast
4.5.1. Coconut Milk Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Coconut Milk Market Size (000 Units) and Y-o-Y Growth
4.5.3. Coconut Milk Market Absolute $ Opportunity
5. Global Coconut Milk 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 Market Size and Volume Forecast by Type
5.3.1. Regular Coconut Milk
5.3.2. Organic Coconut Milk
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Coconut Milk 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 Market Size and Volume Forecast by Application
6.3.1. Direct Drink
6.3.2. Dairy & Dessert
6.3.3. Baked Products
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Coconut Milk 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 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 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 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 Demand Share Forecast, 2019-2026
9. North America Coconut Milk 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 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 Market Size and Volume Forecast by Application
9.4.1. Direct Drink
9.4.2. Dairy & Dessert
9.4.3. Baked Products
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Coconut Milk Market Size and Volume Forecast by Type
9.7.1. Regular Coconut Milk
9.7.2. Organic Coconut Milk
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 Demand Share Forecast, 2019-2026
10. Latin America Coconut Milk 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 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 Market Size and Volume Forecast by Application
10.4.1. Direct Drink
10.4.2. Dairy & Dessert
10.4.3. Baked Products
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Coconut Milk Market Size and Volume Forecast by Type
10.7.1. Regular Coconut Milk
10.7.2. Organic Coconut Milk
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 Demand Share Forecast, 2019-2026
11. Europe Coconut Milk 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 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 Market Size and Volume Forecast by Application
11.4.1. Direct Drink
11.4.2. Dairy & Dessert
11.4.3. Baked Products
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Coconut Milk Market Size and Volume Forecast by Type
11.7.1. Regular Coconut Milk
11.7.2. Organic Coconut Milk
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. B Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Coconut Milk Demand Share, 2019-2026
12. Asia Pacific Coconut Milk 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 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 Market Size and Volume Forecast by Application
12.4.1. Direct Drink
12.4.2. Dairy & Dessert
12.4.3. Baked Products
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Coconut Milk Market Size and Volume Forecast by Type
12.7.1. Regular Coconut Milk
12.7.2. Organic Coconut Milk
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 Demand Share, 2019-2026
13. Middle East & Africa Coconut Milk 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 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 Market Size and Volume Forecast by Application
13.4.1. Direct Drink
13.4.2. Dairy & Dessert
13.4.3. Baked Products
13.4.4. Others
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 Market Size and Volume Forecast by Type
13.7.1. Regular Coconut Milk
13.7.2. Organic Coconut Milk
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 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Coconut Milk Market: Market Share Analysis
14.2. Coconut Milk Distributors and Customers
14.3. Coconut Milk Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Theppadungporn Coconut
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ThaiCoconut
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Asiatic Agro Industry
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PT. Sari Segar Husada
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SOCOCO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ahya Coco Organic Food Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Heng Guan Food Industrial
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. WhiteWave Foods
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Coconut Palm Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Betrimex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Goya Foods
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Renuka Holdings
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HolistaTranzworld
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. UNICOCONUT
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
