Growth opportunities in the Coconut Milk Products Market look promising over the next six years. This is mainly due to their low calorie and high nutrition content, followed by their use in various recipes because of their sweet and mild taste.
Coconut Milk Products Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the prominent drivers accelerating the growth of the global coconut milk products market include the augmenting demand for plant-based products and the aggravating realization of the advantages concerned with coconut milk. In addition, other benefits, which include better kidney health, protection from heart attacks & strokes, and enhanced blood pressure, will further strengthen the coconut milk products market size. Furthermore, the increasing inclinations of consumers towards the adoption of a vegetarian diet coupled with the surging application of these products are propelling the market growth. Increasing awareness about the substitutes of dairy and the rising health consciousness among consumers will further contribute to the market growth. Moreover, the escalating application across enormous end-use industries will fuel the market growth. However, the instability in the prices of coconut and its product is hampering the coconut milk products market share.
Product Type Segment Drivers
Based on the product type, Coconut milk powder is predicted to expand at a higher CAGR over the forecast period. This is mainly attributed to their mounting utilization in several foods and beverages applications and enhanced shelf life. Also, it is a rich source of fat and nutrition. On the other hand, coconut creams are forecasted to witness a larger CAGR over the forecast period. The prevalence of medium-chain fatty acids that promotes digestion and functioning of the brain accounts to be the major reason amplifying the market growth.
Distribution Channel Drivers
Based on the distribution channel, Hypermarkets are projected to experience significant growth during the future period due to the easy handiness of products among urban and semi-urban populations. On the other edge, Online stores are expected to upsurge with a higher growth rate in the near future owing to the wide variety of products with allusive discounts and easy delivery.
Coconut Milk Products Market’s leading Manufacturers:
- Sambu Group
- Nestlé S.A.
- J Mitra Sdn. Bhd.
- S&P International Holding Limited
- Monty & Totco Co.Ltd.
- Danone S.A.
- Grace Foods Canada Inc.
- Renuka Foods PLC
- Santanku Sdn Bhd
- M&S Food Industries
- Primex Coco Products Inc.
Coconut Milk Products Market Segmentation:
Segmentation by Product Type
- Coconut Milk Powder
- Coconut Cream
- Others
Segmentation by Nature
- Organic
- Conventional
Segmentation by Flavor
- Sweetened
- Unsweetened
Segmentation by End-Use
- Food & Beverage
- Cosmetics & Personal Care
- Others
Segmentation by Distribution Channel
- Online Stores
- Hypermarkets
- Specialized Stores
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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