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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.
Report Attribute | Details |
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Base Year: | 2024 |
Cooking Coconut Milk Market Size in 2024: | USD 524 Million |
Forecast Period: | 2025 to 2034 |
Forecast Period 2025 to 2034 CAGR: | 5.8% |
2034 Value Projection: | USD 1.1 Billion |
Historical Data for: | 2021 – 2024 |
No. of Pages: | 205 |
Tables, Charts & Figures: | 300 |
Segments covered: | Nature, Application, |
Growth Drivers: |
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Pitfalls & Challenges: |
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