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Global Coconut Milk Products Market 2019 || Based On End-use & Top Key Players
The demand for the plant-based food products is increasing with the rise in health awareness. The coconut milk is dairy free alternative which is an excellent source of fiber, calcium, zinc, iron, and magnesium. It also provides benefits such as bone strengthening, cardiovascular health benefits, immune strength, weight loss, and offers allergen free properties. Thus, leaders in the coconut milk products market are also focusing more on inventing new products with added nutritive value.
The global coconut milk products market accounted to US$ 812.4 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 - 2027, to account to US$ 1,775.4 Mn by 2027.
The global coconut milk products market by geography is segmented into six regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to account for the largest share of the global coconut milk products market in 2018, followed by North America. Some of the key players in the coconut milk products market include Danone S.A., Goya Foods, Inc., GraceKennedy Limited, McCormick & Company, Inc., Nestlé SA, Pacific Foods of Oregon, LLC, Sambu Group, Thai Agri Food PLC, Thai Coconut Public Company Limited, and Celebes Coconut Corporation among others.
The coconut milk products market is bifurcated on the basis of the product type into coconut cream, coconut milk powder, and others. The coconut cream segment holds the largest share in the coconut milk products market. Coconut cream is the cream produced by coconuts which is rich in oils, medium-chain triglycerides, and carbohydrates and help in easy functioning of the brain, and are easily digestible.
Merger & acquisition, corporate communication, project finance and product news were observed as the most adopted strategies in global coconut milk products market. Few of the recent developments in the global coconut milk products market are listed below:
2019: Nestlé SA invests US$ 72 million in single largest coconut milk processing plant in Sri Lanka. It helped them in increasing product offering to wider customers in food and beverage industry
2018: GraceKennedy Limited increased its new product offerings of coconut milk powder on Amazon. It was priced between US$ 14.94 and US$ 38.49 and sold under the Grace brand.
2017: Danone S.A. acquired WhiteWave Foods to combine their activities in North America to function as a strategic business unit, named as DanoneWave. WhiteWave sells coconut milk products under the Alpro and Oikos brand. This helped Danone S.A. to increase their product ranges in coconut milk product categories
The report segments the global coconut milk products market as follows:
Global Coconut Milk Products Market – By Nature
Global Coconut Milk Products Market – By Product Type
Coconut Milk Powder
Food & Beverage Processing
Cosmetics & Personal Care
Functional Food & Dietary Supplements
Rest of Europe
Asia Pacific (APAC)
Rest of Asia Pacific
Middle East and Africa (MEA)
Rest of MEA
Rest of South America (SAM)
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