Coconut Milk Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research presents an extensive analysis of the global coconut milk market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the coconut milk market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The coconut milk consumption is anticipated to increase at a high CAGR of 8.5%. Currently, the global coconut milk market is valued at US$ 1.66 Bn and is expected to reach US$ 3.77 Bn by the year 2032.

Key Insights:

Coconut Milk Market Size (2023E): US$ 1.66 Billion
Projected Market Value (2030F): US$ 3.77 Billion
Global Market Growth Rate (CAGR 2023 to 2030): 8.5%
Value Share of Top 5 Countries (2021A) : 53.9%

Coconut Milk Market - Report Scope:

The coconut milk market encompasses a wide range of products derived from coconuts, including coconut milk powder, canned coconut milk, and fresh coconut milk. These products find applications in various industries such as food and beverage, cosmetics, and pharmaceuticals. Market growth is driven by increasing consumer preference for plant-based alternatives, rising awareness of the health benefits associated with coconut products, and growing demand for dairy-free options among lactose-intolerant and vegan consumers.

Market Growth Drivers:

The global coconut milk market is propelled by factors such as the growing popularity of vegan diets, the rising prevalence of lactose intolerance, and the increasing demand for natural and organic food products. Coconut milk is widely recognized for its nutritional value, rich texture, and versatility in culinary applications, driving its adoption across diverse food and beverage segments. Additionally, the expanding use of coconut milk in skincare and haircare products due to its moisturizing and nourishing properties further augments market growth.

Market Restraints:

Despite favorable growth prospects, the coconut milk market faces challenges such as supply chain disruptions, price fluctuations of raw materials, and regulatory constraints related to product labeling and quality standards. Variability in coconut production due to weather conditions and environmental factors can affect the availability and pricing of coconut-based products, impacting profit margins for market players. Moreover, concerns regarding sustainability and ethical sourcing practices in coconut cultivation pose challenges for industry stakeholders.

Market Opportunities:

The coconut milk market presents lucrative opportunities driven by the growing trend towards clean-label and functional food products. Innovations in product formulations, packaging formats, and distribution channels offer avenues for market expansion and differentiation. Additionally, the rising demand for plant-based alternatives in emerging markets presents untapped opportunities for coconut milk manufacturers to diversify their product portfolios and establish a strong presence in new regions.

Key Questions Answered in the Report:

What are the key factors driving the growth of the coconut milk market?
Which regions are expected to witness the highest demand for coconut milk products?
What are the emerging trends and opportunities in the global coconut milk market?
How are market players adapting their strategies to capitalize on growth opportunities and overcome challenges?
What are the potential regulatory implications and sustainability considerations for the coconut milk industry?

Competitive Intelligence and Business Strategy:

Leading players in the global coconut milk market, including Theppadungporn Coconut Co. Ltd., Goya Foods Inc., and McCormick & Company Inc., focus on product innovation, strategic partnerships, and geographical expansion to maintain their competitive edge. These companies invest in research and development to introduce new flavors, packaging designs, and value-added coconut milk products that cater to evolving consumer preferences. Collaborations with local farmers, cooperatives, and NGOs ensure a sustainable and transparent supply chain, enhancing brand credibility and consumer trust.

Key Companies Profiled:

Nestle
SunOpta, Inc.
Pacific Foods of Oregon, LLC.
Pureharvest
Danone SA
Vitasoy International Holdings Limited
McCormick & Company
Goya Foods
Califia Farms
Sanitarium
Ecomil

Coconut Milk Market Research Segmentation:

The coconut milk market is segmented based on product type, packaging format, distribution channel, and region. By Product Type:

Coconut Milk Market by Nature:

Organic Coconut Milk
Conventional Coconut Milk

Coconut Milk Market by Product Type:

Full Fat Coconut Milk
Low Fat Coconut Milk
Coconut Milk Cream
Coconut Milk Powder

Coconut Milk Market by Flavor:

Sweetened Coconut Milk
Unsweetened Coconut Milk

Coconut Milk Market by End Use:

Food and Beverages
Foodservice
Retail/Household
Others

Coconut Milk Market by Distribution Channel:

Business to Business
Business to Consumer

Hypermarkets/Supermarkets

Specialty Stores

Online Retail

Other Retail Sectors

Coconut Milk Market by Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa

Product Code: PMRREP32487

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Nature Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Coconut Milk Market Demand (In Volume Units) Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Tons) Analysis, 2017-2021
5.2. Current and Future Market Volume (Tons) Projections, 2022-2032

6. Global Coconut Milk Market - Pricing Analysis

6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark

7. Global Coconut Milk Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032

7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Industry Value Added
- 8.1.3. Global Urbanization Growth Outlook
- 8.1.4. Global Food Security Index Outlook
- 8.1.5. Global Rank - Ease of Doing Business
- 8.1.6. Global Rank - Trading Across Borders
8.2. Impact of COVID-19 on Plant-based Milk Market
- 8.2.1. Manufacturer/Processors
- 8.2.2. Supply Chain and Logistics
- 8.2.3. Wholesalers/Traders
- 8.2.4. Retailers
8.3. Impact of COVID-19 on Food & Beverage Industry
8.4. COVID-19 Risk Assessment/Impact
8.5. Global Food & Beverage Industry Outlook
8.6. Global Organic Industry Outlook
8.7. Global Beverage Industry Outlook
8.8. Global Consumer Product Outlook
8.9. Dairy Alternative Market Outlook
8.10. Plant-based Food Industry - Driving Forces
8.11. The Future of Food
8.12. Production Overview of Coconut
8.13. Production Process for Coconut Milk
8.14. Export/Import Trade Analysis of Desiccated Coconut
- 8.14.1. List of Key Exporters
- 8.14.2. List of Key Importers
8.15. End Use Industry Demand Analysis
8.16. Industry Value and Supply Chain Analysis
- 8.16.1. Profit Margin Analysis at each point of sales
  - 8.16.1.1. Coconut Milk Processors
  - 8.16.1.2. Distributors/Suppliers/Wholesalers
  - 8.16.1.3. Traders/Retailers
  - 8.16.1.4. End-User
8.17. Key Certifications/Claims
8.18. Key Regulations
8.19. Market Dynamics
- 8.19.1. Drivers
- 8.19.2. Restraints
- 8.19.3. Opportunity Analysis
8.20. Forecast Factors - Relevance & Impact

9. Global Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Nature

9.1. Introduction / Key Findings
9.2. Historical Coconut Milk Market (US$ Mn) Analysis By Nature, 2017-2021
9.3. Current and Future Coconut Milk Market (US$ Mn) Analysis and Forecast By Nature, 2022-2032
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Coconut Milk Market Analysis 2017-2021 and Forecast 2020-2030, By Product Type

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2017-2021
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2020-2030
- 10.3.1. Full Fat Coconut Milk
- 10.3.2. Low Fat Coconut Milk
- 10.3.3. Coconut Milk Cream
- 10.3.4. Coconut Milk powder
10.4. Market Attractiveness Analysis By Product Type

11. Global Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Flavor

11.1. Introduction / Key Findings
11.2. Historical Coconut Milk Market (US$ Mn) Analysis By Flavor, 2017-2021
11.3. Current and Future Coconut Milk Market (US$ Mn) Analysis and Forecast By Flavor, 2022-2032
- 11.3.1. Sweetened
- 11.3.2. Unsweetened
11.4. Market Attractiveness Analysis By Flavor

12. Global Coconut Milk Market Analysis 2017-2021 and Forecast 2020-2030, By End Use

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2017-2021
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use , 2020-2030
- 12.3.1. Food & Beverage
- 12.3.2. Foodservice
- 12.3.3. Retail/household
- 12.3.4. Others
12.4. Market Attractiveness Analysis By End Use

13. Global Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032, by Distribution Channel

13.1. Introduction
13.2. Historical Coconut Milk Market (US$ Mn) Analysis By Distribution Channel, 2016 - 2020
13.3. Current Coconut Milk Market (US$ Mn) Analysis and Forecast By Distribution Channel, 2021 - 2031
- 13.3.1. Business to Business
- 13.3.2. Business to Consumers
  - 13.3.2.1. Hypermarket/ Supermarkets
  - 13.3.2.2. Specialty Stores
  - 13.3.2.3. Online Retail
  - 13.3.2.4. Other Retail Sectors
13.4. Market Attractiveness Analysis By Distribution Channel

14. Global Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032, by Region

14.1. Introduction
14.2. Historical Coconut Milk Market (US$ Mn) Analysis By Region, 2016 - 2020
14.3. Current Coconut Milk Market (US$ Mn) Analysis and Forecast By Region, 2021 - 2031
- 14.3.1. North America
- 14.3.2. Latin America
- 14.3.3. Europe
- 14.3.4. East Asia
- 14.3.5. South Asia
- 14.3.6. Oceania
- 14.3.7. Middle East and Africa (MEA)
14.4. Market Attractiveness Analysis By Region

15. North America Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032

15.1. Introduction
15.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
15.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
- 15.3.1. By Country
  - 15.3.1.1. U.S.
  - 15.3.1.2. Canada
- 15.3.2. By Nature
- 15.3.3. By Product Type
- 15.3.4. By Flavor
- 15.3.5. By End Use
- 15.3.6. By Distribution Channel
15.4. Market Attractiveness Analysis

16. Latin America Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032

16.1. Introduction
16.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2016 - 2020
16.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
- 16.3.1. By Country
  - 16.3.1.1. Brazil
  - 16.3.1.2. Mexico
  - 16.3.1.3. Peru
  - 16.3.1.4. Columbia
  - 16.3.1.5. Rest of Latin America
- 16.3.2. By Nature
- 16.3.3. By Product Type
- 16.3.4. By Flavor
- 16.3.5. By End Use
- 16.3.6. By Distribution Channel
16.4. Market Attractiveness Analysis

17. Europe Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032

17.1. Introduction
17.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
17.3. Market Value (US$ Mn) Forecast By Market Taxonomy 2022-2032
- 17.3.1. By Country
  - 17.3.1.1. Germany
  - 17.3.1.2. Italy
  - 17.3.1.3. France
  - 17.3.1.4. U.K.
  - 17.3.1.5. Spain
  - 17.3.1.6. Benelux
  - 17.3.1.7. Nordic
  - 17.3.1.8. Russia
  - 17.3.1.9. Poland
  - 17.3.1.10. Rest of Europe
- 17.3.2. By Nature
- 17.3.3. By Product Type
- 17.3.4. By Flavor
- 17.3.5. By End Use
- 17.3.6. By Distribution Channel
17.4. Market Attractiveness Analysis

18. South Asia Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032

18.1. Introduction
18.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
18.3. Market Value (US$ Mn) Forecast By Market Taxonomy 2022-2032
- 18.3.1. By Country
  - 18.3.1.1. India
  - 18.3.1.2. Thailand
  - 18.3.1.3. Indonesia
  - 18.3.1.4. Malaysia
  - 18.3.1.5. Rest of South Asia
- 18.3.2. By Nature
- 18.3.3. By Product Type
- 18.3.4. By Flavor
- 18.3.5. By End Use
- 18.3.6. By Distribution Channel
18.4. Market Attractiveness Analysis

19. East Asia Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032

19.1. Introduction
19.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
19.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
- 19.3.1. By Country
  - 19.3.1.1. China
  - 19.3.1.2. Japan
  - 19.3.1.3. South Korea
- 19.3.2. By Nature
- 19.3.3. By Product Type
- 19.3.4. By Flavor
- 19.3.5. By End Use
- 19.3.6. By Distribution Channel
19.4. Market Attractiveness Analysis

20. Oceania Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032

20.1. Introduction
20.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
20.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
- 20.3.1. By Country
  - 20.3.1.1. Australia
  - 20.3.1.2. New Zealand
- 20.3.2. By Nature
- 20.3.3. By Product Type
- 20.3.4. By Flavor
- 20.3.5. By End Use
- 20.3.6. By Distribution Channel
20.4. Market Attractiveness Analysis

21. Middle East and Africa Coconut Milk Market Analysis 2017-2021 and Forecast 2022-2032

21.1. Introduction
21.2. Historical Market Value (US$ Mn) Trend Analysis By Value Taxonomy, 2017-2021
21.3. Market Material (US$ Mn) Forecast By Market Taxonomy, 2022-2032
- 21.3.1. By Country
  - 21.3.1.1. GCC Countries
  - 21.3.1.2. South Africa
  - 21.3.1.3. Rest of Middle East and Africa
- 21.3.2. By Nature
- 21.3.3. By Product Type
- 21.3.4. By Flavor
- 21.3.5. By End Use
- 21.3.6. By Distribution Channel
21.4. Market Attractiveness Analysis

22. Market Structure Analysis

22.1. Market Analysis by Tier of Companies
22.2. Market Concentration
22.3. Market Presence Analysis

23. Competition Analysis

23.1. Competition Dashboard
23.2. Competition Benchmarking
23.3. Competition Deep Dive
- 23.3.1. Nestle
  - 23.3.1.1. Overview
  - 23.3.1.2. Product Portfolio
  - 23.3.1.3. Sales Footprint
  - 23.3.1.4. Key Developments
  - 23.3.1.5. Strategy Overview
- 23.3.2. SunOpta, Inc.
  - 23.3.2.1. Overview
  - 23.3.2.2. Product Portfolio
  - 23.3.2.3. Sales Footprint
  - 23.3.2.4. Key Developments
  - 23.3.2.5. Strategy Overview
- 23.3.3. Pacific Foods of Oregon, LLC.
  - 23.3.3.1. Overview
  - 23.3.3.2. Product Portfolio
  - 23.3.3.3. Sales Footprint
  - 23.3.3.4. Key Developments
  - 23.3.3.5. Strategy Overview
- 23.3.4. Pureharvest
  - 23.3.4.1. Overview
  - 23.3.4.2. Product Portfolio
  - 23.3.4.3. Sales Footprint
  - 23.3.4.4. Key Developments
  - 23.3.4.5. Strategy Overview
- 23.3.5. Danone SA
  - 23.3.5.1. Overview
  - 23.3.5.2. Product Portfolio
  - 23.3.5.3. Sales Footprint
  - 23.3.5.4. Key Developments
  - 23.3.5.5. Strategy Overview
- 23.3.6. Vitasoy International Holdings Limited
  - 23.3.6.1. Overview
  - 23.3.6.2. Product Portfolio
  - 23.3.6.3. Sales Footprint
  - 23.3.6.4. Key Developments
  - 23.3.6.5. Strategy Overview
- 23.3.7. McCormick & Company
  - 23.3.7.1. Overview
  - 23.3.7.2. Product Portfolio
  - 23.3.7.3. Sales Footprint
  - 23.3.7.4. Key Developments
  - 23.3.7.5. Strategy Overview
- 23.3.8. Goya Foods
  - 23.3.8.1. Overview
  - 23.3.8.2. Product Portfolio
  - 23.3.8.3. Sales Footprint
  - 23.3.8.4. Key Developments
  - 23.3.8.5. Strategy Overview
- 23.3.9. Califia Farms
  - 23.3.9.1. Overview
  - 23.3.9.2. Product Portfolio
  - 23.3.9.3. Sales Footprint
  - 23.3.9.4. Key Developments
  - 23.3.9.5. Strategy Overview
- 23.3.10. Sanitarium
  - 23.3.10.1. Overview
  - 23.3.10.2. Product Portfolio
  - 23.3.10.3. Sales Footprint
  - 23.3.10.4. Key Developments
  - 23.3.10.5. Strategy Overview
- 23.3.11. Ecomil
  - 23.3.11.1. Overview
  - 23.3.11.2. Product Portfolio
  - 23.3.11.3. Sales Footprint
  - 23.3.11.4. Key Developments
  - 23.3.11.5. Strategy Overview
- 23.3.12. Earth's Own Food Company Inc.
  - 23.3.12.1. Overview
  - 23.3.12.2. Product Portfolio
  - 23.3.12.3. Sales Footprint
  - 23.3.12.4. Key Developments
  - 23.3.12.5. Strategy Overview
- 23.3.13. Edward & Sons
  - 23.3.13.1. Overview
  - 23.3.13.2. Product Portfolio
  - 23.3.13.3. Sales Footprint
  - 23.3.13.4. Key Developments
  - 23.3.13.5. Strategy Overview
- 23.3.14. Chef's Choice Food Manufacturer Company Limited
  - 23.3.14.1. Overview
  - 23.3.14.2. Product Portfolio
  - 23.3.14.3. Sales Footprint
  - 23.3.14.4. Key Developments
  - 23.3.14.5. Strategy Overview
- 23.3.15. GraceKennedy Group
  - 23.3.15.1. Overview
  - 23.3.15.2. Product Portfolio
  - 23.3.15.3. Sales Footprint
  - 23.3.15.4. Key Developments
  - 23.3.15.5. Strategy Overview

24. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations