Coconut milk is milky, white in colour, derived from the flesh of mature coconuts. Coconut milk can be available in a thick or thin form. A thick milk can be obtained with the help of mature coconuts. This is extracted by squeezing the fresh coconut flesh. Thick milk contains more fat than thin milk. Coconut oil is used in the preparation of baked goods, ice cream, coconut whipped cream and many other delicious items.
MARKET DYNAMICS
The global coconut milk market is witnesing a notable growth rate and is expected to constinue to do during the forecats period. The growth of the market can be attributed to increasing customer health awareness and enhancing the distribution network of the commodity. It contains lauric acid that can be easily absorbed by the body for energy. Farmers use it in cultivation to improve crop growth. Increased use in the food & beverage and agriculture sectors. The change in the dietary trend of consumers and the increasing vegetarian population is expected to fuel product demand. Owing to environmental and ethical issues, people have been inclined towards vegetarian diets that have increased the intake of coconut milk. It helps to improve the body's immune system and reduces the occurrence of illness. Globally, there has been a large rise in people suffering from lactose intolerance. As per the American Journal of Clinical Nutrition, 75% of the world's population suffers from the disease, and the U.S. accounted for about 25% of its population. Unlike cow's, coconut milk is free from lactose, which will fuel the demand for coconut milk over the forecast period.
MARKET SCOPE
The "Global Coconut milk Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the coconut milk market with detailed market segmentation by nature, distribution channel, packaging type, and geography. The global coconut milk market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading coconut milk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global coconut milk market is segmented on the basis of nature, distribution channel, and packaging type. Based on nature, the global coconut milk market is segmented into organic and conventional. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others. On the basis of packaging type, the global coconut milk market is categorized into pouches, bottles, cans, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global coconut milk market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The coconut milk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the coconut milk market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the coconut milk market in these regions.
MARKET PLAYERS
The reports cover key developments in the coconut milk market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Coconut milk market are anticipated to lucrative growth opportunities in the future with the rising demand for Coconut milk in the global market. Below mentioned is the list of few companies engaged in the Coconut milk market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Coconut milk market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Goya Foods Inc.
- Pureharvest
- McCormick & Company, Inc.
- Theppadungporn Coconut Co. Ltd.
- Edward & Sons Trading Co.
- iTi Tropicals,
- PACIFIC FOODS OF OREGON, LLC.
- Dabur
- Thai Agri Foods Public Company Limited
- Danone
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.