Coconut Milk Market to Surge to $2.9 Billion by 2027, Health Conscious Consumers & Enhanced Distribution Networks

Consumers are prepared to pay more for those products that provide health advantages.

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, May 2, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled “Coconut Milk Market by Packaging Type, Category, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global coconut milk market size was valued at $1.1 billion in 2019 and is anticipated to reach $2.9 billion by 2027, with a CAGR of 17.1% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $1.8 billion from 2019 to 2027.

▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/A11154

The growth of the growth of the coconut milk market is propelled by rising consumer health consciousness and an improved distribution network. Consumers are prepared to pay more for those products that provide health advantages, and this awareness is expected to be a driver for the development of the development of the coconut milk products market.

Coconut milk and its products are still in nascent stages in various regions of Africa, such as Zimbabwe, Liberia, Eritrea, and Burundi, along with other developing regions. These are still untapped, which presents lucrative coconut milk market opportunities for manufacturers of coconut milk.

An increase in the use of coconut-based products in food & beverage applications is expected to drive the market for coconut milk in the future. Coconut milk is widely used as an ingredient in a variety of cosmetic products and processed food products such as cookies, cakes, milkshakes, and ice cream. With the growth in consumption of processed food products owing to the rise in urban population, the demand for coconut milk is expected to grow at a significant rate in the future.

According to the coconut milk market analysis, the market is segmented on the basis of packaging type, category, end user, distribution channel, and region. Based on packaging type, the coconut milk market is categorized into plastic bottles, tetra packs, and cans.

Tetra packs are widely used globally and is one of the prime packaging types for coconut milk; thus, they are expected to influence the overall coconut milk industry. The tetra pack segment was valued at $699.5 million and is expected to grow with a CAGR of 16.5% from 2021 to 2027, reaching $1,778.8 million by 2027.

By category, the conventional segment held a major coconut milk market share and is expected to remain dominant throughout the forecast period. This is attributed to widespread availability of conventional coconut products across the globe. Moreover, conventional category of coconut milk in Asia-Pacific has gained a large consumer base, which, in turn, is expected to augment the growth of the growth of the coconut milk industry.

Based on end user, the food services segment held a major share of the coconut milk market. This is attributed to increase in purchasing power of consumers and rise in spending on luxury foods & beverages, which have led to a rapid growth of the food service industry, resulting in an increased demand for coconut milk and its products.

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The retail distribution channel, including hypermarkets and supermarkets, was the leading channel with the maximum share in 2019, growing with a significant CAGR during the coconut milk market forecast period. This is attributed to increase in retail sales in different regions and availability of large shelf space for maximum sales.

Region-wise, Asia-Pacific was the most prominent region in 2019, garnering the maximum share in the coconut milk market owing to its huge consumer base and increase in population. SMEs operating in the region are targeting online sales channel to increase their sales. These companies are further investing in various marketing and advertising activities to increase their products awareness. In addition, a surge in the penetration of organic coconut milk among consumers is anticipated to fuel market growth during the forecast period.

𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬?

Q1. At what CAGR will the coconut milk market expand from 2021 to 2027?
Q2. What will be the market value of the coconut milk market at the end of 2027?
Q3. Which are the top impacting factors on coconut milk market growth?
Q4. Who are the leading players in the coconut milk market?
Q5. What are the segments of the coconut milk market?
Q6. What are the key growth strategies of coconut milk market players?
Q7. By packaging type, which segment would exhibit the highest market share?
Q8. By end user, which segment holds a dominant position in 2019 and is expected to maintain the lead during the forecast period?
Q9. How will the COVID-19 pandemic impact the coconut milk market in 2020?

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 𝐚𝐫𝐞 :

→ 𝐌𝐜𝐂𝐨𝐫𝐦𝐢𝐜𝐤 & 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐈𝐧𝐜. (𝐔𝐒)
→ 𝐆𝐨𝐲𝐚 𝐅𝐨𝐨𝐝𝐬 𝐈𝐧𝐜. (𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲)
→ 𝐂𝐞𝐥𝐞𝐛𝐞𝐬 𝐂𝐨𝐜𝐨𝐧𝐮𝐭 𝐂𝐨𝐫𝐩. (𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬)
→ 𝐕𝐢𝐭𝐚 𝐂𝐨𝐜𝐨 (𝐔𝐒.)
→ 𝐂𝐞𝐥𝐞𝐛𝐞𝐬 𝐂𝐨𝐜𝐨𝐧𝐮𝐭 𝐂𝐨𝐫𝐩. (𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬)
→ 𝐓𝐡𝐚𝐢 𝐀𝐠𝐫𝐢 𝐅𝐨𝐨𝐝𝐬 𝐏𝐮𝐛𝐥𝐢𝐜 𝐂𝐨. 𝐋𝐭𝐝 (𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝)
→ 𝐃𝐚𝐧𝐨𝐧𝐞 𝐒𝐀 (𝐅𝐫𝐚𝐧𝐜𝐞)
→ 𝐏𝐮𝐫𝐞𝐡𝐚𝐫𝐯𝐞𝐬𝐭 (𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚)
→ 𝐓𝐡𝐚𝐢 𝐂𝐨𝐜𝐨𝐧𝐮𝐭 𝐏𝐮𝐛𝐥𝐢𝐜 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 (𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝)
→ 𝐃𝐚𝐛𝐮𝐫 𝐈𝐧𝐝𝐢𝐚 𝐋𝐭𝐝 (𝐈𝐧𝐝𝐢𝐚).

▶️ 𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.alliedmarketresearch.com/request-for-customization/A11154

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

The organic coconut milk market was valued at $435.7 million in 2019 and is anticipated to reach $1227.2 million by 2027, with a CAGR of 18% during the forecast period.

In 2019, by packaging type, the tetra pack segment held the highest share, accounting for 62.6%.

On the basis of end users, the food services segment led the market, garnering 54.07% of the global coconut milk market share in 2019.

Depending on the distribution channel, the direct distribution segment is estimated to exhibit the highest CAGR of 18%.

In 2019, Asia-Pacific was the most prominent market and is expected to grow at a significant CAGR throughout the forecast period.

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Allied Market Research
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