Home > Food & Beverages > Food Additives > Flavor Enhancers > Cooking Coconut Milk Market

Cooking Coconut Milk Market Share

Report ID: GMI4912
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Cooking Coconut Milk Market Share

Cooking Coconut Milk Market Company Share, (2024)

The global coconut milk industry is fueled by a diverse group of prominent market players who focus on delivering high-quality, authentic products to meet increasing consumer demand. Companies like Thai Agri Foods, McCormick & Company, and Goya Foods lead the market, leveraging their established brand reputations and expansive distribution networks. Theppadungporn Coconut, known for Chaokoh, and Aroy-D, a Tropical Food Industries brand, are widely recognized in Asia and international markets for their coconut milk quality and authenticity.

Each company targets different consumer segments, from retail consumers to foodservice operations, using strategic marketing and product development to reinforce their positions. These companies emphasize product purity, sustainability, and versatility in applications ranging from culinary to beverage bases.

Multinational corporations like Danone, through brands such as Silk and So Delicious Dairy Free, and WhiteWave Foods are tapping into the plant-based movement, blending coconut milk’s appeal with the rising demand for dairy alternatives. GraceKennedy, Celebes Coconut, M&S Food, and Primex Coco Products further enhance the market’s variety by providing products that cater to traditional recipes and innovations in food processing.

Trader Joe’s, Native Forest, and brands like Aroy-D and Chaokoh have expanded the coconut milk market beyond the Asian Pacific, establishing robust consumer bases in North America, Europe, and beyond. As these players continue to innovate and expand, the cooking coconut milk industry benefits from a combination of traditional production expertise and responsiveness to global health and sustainability trends.

Cooking Coconut Milk Market Companies

Major players operating in the cooking coconut milk industry are:

Thai Agri Foods
McCormick & Company
Goya Foods
Theppadungporn Coconut
Danone (Silk)
WhiteWave Foods
GraceKennedy
Celebes Coconut
M&S Food
Primex Coco Products
Native Forest
So Delicious Dairy Free (part of Danone)
Trader Joe's
Aroy-D (Tropical Food Industries)
Chaokoh (Theppadungporn Coconut)

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of coconut milk reached USD 524 million in 2024 and is set to grow at a CAGR of over 5.8% from 2025 to 2034, driven by the increasing adoption of plant-based diets and rising consumer awareness of health benefits.

The conventional segment generated USD 292.7 million in revenue in 2024 and is expected to reach USD 624.5 million by 2034, led by its widespread availability, lower costs, and established distribution channels.

The China market was valued at approximately USD 51.2 million in 2024, propelled by changing dietary preferences, the popularity of Asian cuisines, and the increased availability of coconut milk products through modern retail channels.

The key players in the industry include Thai Agri Foods, McCormick & Company, Goya Foods, Theppadungporn Coconut, Danone (Silk), WhiteWave Foods, GraceKennedy, Celebes Coconut, M&S Food, Primex Coco Products, Native Forest, So Delicious Dairy Free, Trader Joes, Aroy-D, and Chaokoh.