The coconut milk market length was valued at $1,152. 71 million in 2022 and is expected to reach $2,131. 6 million by 2032, with a CAGR of 7% over the forecasted period.
The COVID-19 outbreak has had an overwhelming and unprecedented impact on the world, negatively affecting the demand for coconut milk in each and every region and the expected market trends.
Compared to products made from animals, products made from plants are safer and healthier. The coconut milk industry is driven by the growing popularity of veganism globally. The main points of its increased use are the growing popularity of coconut milk among consumers and the versatility of its use.
Coconut milk is linked to a drop in blood pressure and cholesterol levels, which has led to a growing preference for this milk and as a result, is accelerating key trends and opportunities in the coconut milk market.
Another factor driving the increase in coconut milk sales is the preference for healthy, low-calorie, and tasty beverages. To keep up with trends in the coconut milk industry, brands in the coconut milk industry are coming up with new tactics to incorporate coconut milk into processed foods.
Key things to remember:
“Coconut milk is a flexible element that has a wide diversity of programs, from food and beverages to cosmetics and skincare products. With the growing awareness of fitness and lactose intolerance, consumers are turning to coconut milk due to its organic, natural, and plant-based nature. characteristics that will contribute to the expansion of the market segment,” says a senior analyst at Future Market Insights.
Competitive landscape:
The five most sensible coconut milk brands are Nestle, SunOpta, Inc. , Danone SA, Goya Foods, and McCormick.
Companies use coconut milk in their cosmetics and skincare products to incorporate the nutrients and benefits of coconut milk for the skin. With the increase in the number of products, research, development, and technological advancements, corporations are finding new techniques to use coconut well. milk and milk powder to their full potential.
Coconut milk is used through companies like KORA Organics due to its high concentration of antioxidants and must-have amino acids, making it an option for the skin. Coconut milk is rich in MCTs (medium-chain triglycerides), which helps make it such a flexible product. MCTs have antimicrobial and anti-inflammatory properties, making them ideal for use in masks, rinse-off cleansers, and leave-in moisturizers to help soothe and repair the skin.
Learn more
Future Market Insights, in its new offering, provides unbiased coconut milk research that presents a long-standing demand for knowledge (2017-2021) and forecast statistics for the 2022-2032 era.
Coconut Milk Market Segmentation
By shape:
By nature:
By End Use:
By region:
Frequently asked questions
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Future Market Insights, Inc. (certified by ESOMAR, Stevie Award winner and member of the New York Chamber of Commerce) offers an in-depth look at the driving points driving demands in the market. FMI is the world’s leading provider of market services. Intelligence, consulting, advisory and occasion facilities for the packaging, food and beverage, customer technology, healthcare, commercial and chemical markets. With an extensive team of more than 5,000 analysts worldwide, FMI provides global, regional and local expertise in industry spaces and trends. in more than 110 countries.
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The Associate Vice President of Future Market Insights is deeply committed to uncovering actionable insights for customers and food and beverage stakeholders. It brings a combination of analytics, industry trends and customer habits to put knowledge into perspective.
What you do with knowledge becomes a pleasure to read. She is a reviewer and contributor to publications such as Process Industry Informer and Spinal Surgery News, understanding the pulse of the market and converting customer preferences.
He likes to invite experts to a roundtable to assess the effect of a trend on an industry. Read their discussion on the effect of AI on packaging.