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Cooking Coconut Milk Market Trends

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

Cooking Coconut Milk Market Trends

Increased consumer awareness regarding health-conscious choices has driven the demand for organic and clean-label coconut milk products, fostering a surge in plant-based and vegan-friendly options. Manufacturers have responded by introducing innovative formulations, such as low-fat and sugar-free variants, catering to diverse dietary needs. Furthermore, the market has seen a growing inclination towards sustainable and ethically sourced coconut milk, aligning with environmentally conscious consumer behavior.
 

The adoption of convenient packaging formats, including shelf-stable cartons and portion-controlled pouches, has also gained traction, catering to consumers seeking convenience without compromising product quality. Additionally, the exploration of coconut milk in fusion cuisines and its incorporation into non-traditional recipes has expanded the market's versatility, drove culinary experimentation and further propelling its popularity across various global cuisines.

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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