The research on the Coconut Milk Market further validates other prime factors including investment feasibility, production capability, product pricing, production volume, demand and supply, import and export status to help business evangelists make the multi-dimensional marketing strategy more robust.
New York, NY -- (SBWIRE) -- 02/09/2021 -- The food and beverage industry has seen diverse advancements in the way a product is sourced, manufactured, and delivered to consumers with improved quality and extended shelf life. Coconut milk is derived from the grated white flesh of coconut when soaked in the water for few hours and then squeezed to get the liquid. It is available in different densities as the squeezing process continues to give first, second and third extract. According to a study done by Reports and Data, the global coconut milk market valued at USD 638.6 million in 2019 and is escalating at an average annual growth rate of 7.2%. It is expected to face a push from demand in western countries and register USD 1.12 billion by the end of the forecast period.
Key participants include Anthony's Goods, Bramble Berry Inc., Enerhealth, King Arthur Flour Company, Inc., Nestlé Inc., Grace Foods Canada Inc., Thai Agri Foods, M&S Food Industries, Celebes Coconut Corporation, and Fresh Fruit Ingredients Inc., among others.
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Market Drivers
The emerging awareness regarding the overall benefits of vitamin- and mineral-rich coconut milk among huge populations by the television advertisements has positively driven the market growth. The inclusion of coconut milk in cosmetics and skincare products, including body lotions, scrubs, and face cream, has further led to the adoption in the body care industry. Coconut milk has a high content of Vitamin C that improves the flexibility of skin and does not allow sagging and wrinkles to appear easily. Immense upsurge as a drinking alternative to conventional cow and buffalo milk and increased prevalence of dairy allergies in people will likely shift focus to organically sourced almond milk, soy milk, and flavor-rich coconut milk that has a high-calorie content.
For the purpose of this report, Reports and Data have segmented into the global on the basis of nutritional components, form, end-use verticals, and region:
Nutritional Components Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Vitamin C
Minerals
Phytonutrients
Form Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Powder
Liquid
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Personal Care & Cosmetics
Dairy & Frozen Foods
Bakery & Confectionary
Pharmaceuticals
Others
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
North America
Europe
Asia Pacific
MEA
Latin America
Rest of LATAM
Regional Analysis
The Asia Pacific occupied a significant market share in the past and is expected to show constant growth with the growing consumer base in India, Vietnam, and Indonesia. North America will potentially grow at a CAGR of 7.8% due to impressive adoption in the cosmetics and pharmaceutical industries. The flourishing research facilities in these regions will contribute to future growth.
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Coconut Milk Market Segmentation & Impact Analysis
4.1. Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing popularity amongst health-conscious people due to its vitamins and other mineral contents
4.2.2.2. Promising growth of the cosmetic industries
4.2.2.3. Growing demand for the organic additives
4.2.3. Market restraints analysis
4.2.3.1. Complexities in extraction & final processing
4.2.3.2. Labor restrictions due to COVID-19
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
Continued…
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