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Cooking Coconut Milk Market Size

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

Cooking Coconut Milk Market Size

The global coconut milk market size was valued at USD 524 million in 2024 and is estimated to grow at a CAGR of over 5.8% from 2025 to 2034. The increasing adoption of plant-based diets, rising consumer awareness regarding the health benefits of coconut-based products, and the expanding culinary preferences for Asian, Caribbean, and Latin American cuisines globally. The surge in demand for dairy-free alternatives, driven by lactose intolerance and vegan dietary choices, has propelled the popularity of cooking coconut milk as a versatile ingredient in various cuisines, especially in savory dishes, desserts, and beverages.

 

Additionally, manufacturers are innovating to offer convenient packaging, diverse product variants, and fortified options, catering to evolving consumer preferences for organic, non-GMO, and clean-label products. The market outlook remains optimistic, with a growing emphasis on sustainability, ethical sourcing, and the exploration of new applications beyond traditional culinary uses, fostering further opportunities for market expansion and product diversification.

 

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.

Cooking Coconut Milk Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 300
  • Countries covered: 18
  • Pages: 380
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