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Coconut Milk Powder Market Trends

Report ID: GMI11335
Published Date: Sep 2024
Report Format: PDF

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Coconut Milk Powder Market Trends

Key trends are shaping the global coconut milk powder industry. These include a surging demand for organic and clean-label products, the increasing popularity of plant-based diets, and innovative applications for the product. According to the USDA, the organic food market in the United States grew by 12.4% in 2023, reflecting a broader emphasis on health and wellness. Today's consumers are gravitating towards organic, non-GMO, and additive-free coconut milk powder.

As more individuals adopt plant-based and vegan lifestyles, sectors like dairy alternatives, confectionery, and baked goods are witnessing heightened demand. Furthermore, manufacturers are broadening the horizons of coconut milk powder, integrating it into functional foods, snacks, and even personal care items. With these trends and the rise of e-commerce, the market's growth trajectory is being distinctly shaped.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of coconut milk powder reached USD 2.5 billion in 2023 and is set to expand at over 7.3% CAGR from 2024 to 2032, fueled by a rising demand for vegan, lactose-free, and organic products, especially in North America, Europe, and the Asia-Pacific

The conventional segment is anticipated to reach USD 3 billion by 2032, led by its affordability and widespread availability

Asia Pacific market size will record USD 2 billion by 2032, driven by substantial coconut production and consumption in the region.

THE WHITEWAVE FOODS COMPANY, Cocomi Bio Organic, THE COCONUT COMPANY, Nestlé S.A, Ekowarehouse Ltd., Specialty Food Association, Inc., Fiesta Ingredients Australia Pty Ltd, Pulau Sambu, Singapore Pte Ltd., Renuka Foods, and AYAM SARL.