Coconut Milk Market by Packaging Type (Plastic bottles, Tetra Packs, and Cans), Category (Organic and Conventional, End User (Household, Food Services, Catering Services, and Others), and Distribution Channel (Direct Distribution and Retail Distribution): 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. Coconut milk/cream is processed and preserved in different ready to use forms, such as canned products, pouches, and dehydrated form. Coconut milk and cream are used mainly in food and bakery industry. In addition, it has also been used in cosmetics and personal care industries in the recent past and is expected to experience incremental demand in the near future.
Increase in 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 ingredient in a variety of cosmetic products and processed food products such as cookies, cakes, milkshakes, and ice cream. With growth in consumption of processed food products, owing to rise in urban population, the demand for coconut milk is expected to grow at a significant rate in future.
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Moreover, due to difficulty in scaling up the production of coconut trees, production is expected to not expand significantly in the near future. Hence, producers have to rely on innovative solutions to utilize the current production and capitalize from this surge in demand. These factors are anticipated to hinder the growth of the coconut milk market.
Furthermore, the outbreak of the novel coronavirus has normally affected the coconut milk market growth. This decline in the growth can be attributed to disruption in the supply chain. Moreover, halt in the production of coconut and coconut milk and its processing due to lockdown and social distancing being practiced all around the world have adversely affected the growth of this industry.
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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.
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), and Dabur India Ltd (India).
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Table Of Content:
CHAPTER 1:INTRODUCTION
1.1.Key benefits for stakeholders
1.2.Key market segments
1.3.Research methodology
1.3.1.Secondary research
1.3.2.Primary research
1.3.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Key findings
3.1.1.Top investment pockets
3.2.Parent Market Overview
3.3.Supply chain analysis
3.4.Value chain analysis
3.4.Top Players Positioning
3.5.Porter’s five forces analysis
3.6.Market dynamics……continue
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