Coconut Milk Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Coconut Milk Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Coconut Milk Market Size (2025E): US$ 2.05 Bn
Projected Market Value (2032F): US$ 3.70 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 8.7%

Coconut Milk Market - Report Scope:

The global coconut milk market is experiencing a significant expansion due to the rising consumer inclination toward plant-based milk alternatives. As a dairy-free option, coconut milk is increasingly being adopted in various food applications, including cooking, baking, and beverage production. The market is witnessing a steady rise in demand, driven by factors such as the growing prevalence of lactose intolerance, the surge in veganism, and the rising preference for organic and non-GMO food products. Additionally, key market players are expanding production capacities to cater to evolving consumer preferences.

Market Drivers:

The increasing prevalence of lactose intolerance is a major driver of the coconut milk market. A growing number of consumers are seeking dairy-free alternatives to avoid digestive issues associated with lactose consumption. Coconut milk is widely recognized as a suitable substitute for regular milk and is used extensively in food and beverage formulations, including vegan desserts, ice creams, and savory dishes. Another key factor contributing to market expansion is the rise in plant-based diets. Veganism has gained substantial traction in developed countries, leading to increased consumption of coconut milk as a dairy substitute. The product's availability in multiple flavors and varieties further boosts its market penetration.

Market Restraints:

Despite its promising growth trajectory, the coconut milk market faces certain challenges. The presence of multiple plant-based milk substitutes, such as soy milk, almond milk, and oat milk, presents strong competition. These alternatives often offer higher protein content and lower fat levels, making them preferred choices for health-conscious consumers. Additionally, high production costs and fluctuating raw material prices pose challenges to coconut milk manufacturers. The extraction and processing of coconut milk require advanced techniques, impacting overall production costs. Limited awareness about coconut milk's nutritional benefits in some developing regions further hampers market growth.

Market Opportunities:

The coconut milk market presents numerous growth opportunities, particularly in regions with a high lactose-intolerant population. Countries in Europe and South Asia, such as the U.K., Germany, and India, are witnessing a surge in coconut milk consumption due to increased health awareness and dietary shifts toward plant-based alternatives. The rising popularity of vegan ice creams and desserts also creates new avenues for coconut milk manufacturers. As consumers explore plant-based indulgences, the incorporation of coconut milk in frozen desserts, sweets, and pastries is increasing. Additionally, advancements in processing technologies and product innovations, such as flavored and fortified coconut milk, are expected to enhance market growth.

Key Questions Answered in the Report:

What are the primary factors driving the global growth of the coconut milk market?
Which regions are leading in coconut milk consumption, and what factors contribute to their growth?
How are emerging dietary trends, such as veganism and lactose-free consumption, influencing market dynamics?
What are the latest innovations in coconut milk product formulations?
Which key players dominate the coconut milk market, and what strategies are they implementing for competitive advantage?

Competitive Intelligence and Business Strategy:

Leading companies in the coconut milk market are focusing on product diversification, technological advancements, and strategic partnerships to strengthen their market position. Investment in research and development is also a key priority, as manufacturers strive to introduce innovative coconut milk formulations that cater to evolving consumer preferences. Market players are expanding their distribution networks to reach a wider audience, leveraging online retail channels and supermarket chains to maximize sales.

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
Earth's Own Food Company Inc.
Edward & Sons
Chef's Choice Food Manufacturer Company Limited
GraceKennedy Group
Others (On Additional Request)

Coconut Milk Market Segmentation:

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

Coconut Milk Market by Region:

North America Coconut Milk Market
Latin America Coconut Milk Market
Europe Coconut Milk Market
South Asia Coconut Milk Market
East Asia Coconut Milk Market
Oceania Coconut Milk Market
Middle East and Africa Coconut Milk Market

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 2019 - 2023 and Forecast, 2025 - 2032

5.1. Historical Market Volume (Tons) Analysis, 2019 - 2023
5.2. Current and Future Market Volume (Tons) Projections, 2025 - 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 2019 - 2023 and Forecast, 2025 - 2032

7.1. Historical Market Value (US$ Mn) Analysis, 2019 - 2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2025 - 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 2019 - 2023 and Forecast 2025 - 2032, By Nature

9.1. Introduction / Key Findings
9.2. Historical Coconut Milk Market (US$ Mn) Analysis By Nature, 2019 - 2023
9.3. Current and Future Coconut Milk Market (US$ Mn) Analysis and Forecast By Nature, 2025 - 2032
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Coconut Milk Market Analysis 2019 - 2023 and Forecast 2025 - 2032, By Product Type

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2019 - 2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2025 - 2032
- 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 2019 - 2023 and Forecast 2025 - 2032, By Flavor

11.1. Introduction / Key Findings
11.2. Historical Coconut Milk Market (US$ Mn) Analysis By Flavor, 2019 - 2023
11.3. Current and Future Coconut Milk Market (US$ Mn) Analysis and Forecast By Flavor, 2025 - 2032
- 11.3.1. Sweetened
- 11.3.2. Unsweetened
11.4. Market Attractiveness Analysis By Flavor

12. Global Coconut Milk Market Analysis 2019 - 2023 and Forecast 2025 - 2032, By End Use

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2019 - 2023
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use , 2025 - 2032
- 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 2019 - 2023 and Forecast 2025 - 2032, by Distribution Channel

13.1. Introduction
13.2. Historical Coconut Milk Market (US$ Mn) Analysis By Distribution Channel, 2019 - 2023
13.3. Current Coconut Milk Market (US$ Mn) Analysis and Forecast By Distribution Channel, 2025 - 2032
- 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 2019 - 2023 and Forecast 2025 - 2032, by Region

14.1. Introduction
14.2. Historical Coconut Milk Market (US$ Mn) Analysis By Region, 2019 - 2023
14.3. Current Coconut Milk Market (US$ Mn) Analysis and Forecast By Region, 2025 - 2032
- 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 2019 - 2023 and Forecast 2025 - 2032

15.1. Introduction
15.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019 - 2023
15.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2025 - 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 2019 - 2023 and Forecast 2025 - 2032

16.1. Introduction
16.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019 - 2023
16.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2025 - 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 2019 - 2023 and Forecast 2025 - 2032

17.1. Introduction
17.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019 - 2023
17.3. Market Value (US$ Mn) Forecast By Market Taxonomy 2025 - 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 2019 - 2023 and Forecast 2025 - 2032

18.1. Introduction
18.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019 - 2023
18.3. Market Value (US$ Mn) Forecast By Market Taxonomy 2025 - 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 2019 - 2023 and Forecast 2025 - 2032

19.1. Introduction
19.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019 - 2023
19.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2025 - 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 2019 - 2023 and Forecast 2025 - 2032

20.1. Introduction
20.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019 - 2023
20.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2025 - 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 2019 - 2023 and Forecast 2025 - 2032

21.1. Introduction
21.2. Historical Market Value (US$ Mn) Trend Analysis By Value Taxonomy, 2019 - 2023
21.3. Market Material (US$ Mn) Forecast By Market Taxonomy, 2025 - 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

Coconut Milk Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032