Coconut milk is milky white in color, which is extracted from the flesh of mature coconuts. It has high oil content, most of which are saturated fats that help in reducing cholesterol, improve blood pressure and prevent heart attacks. The global coconut milk market was valued at $1.1 billion in 2019, and is anticipated to reach $2.9 billion by 2027, with a CAGR of 17.1% during the forecast period.
Change in consumer tastes and increase in health concerns are the major factors that drive the market globally. Food & beverages manufacturers have invested a lot in R&D to utilize coconut milk enhance characteristics, taste, or nutritional value of their products. Coconut milk products offer a number of health advantages. Coconut milk products are used to prepare different products that can assist to avoid anemia and enhance anemic patients' health as well.
The coconut milk is dairy free alternative, which is an excellent source of fiber, calcium, zinc, iron, and magnesium. It also provides benefits such as bone strengthening, cardiovascular health benefits, weight loss, immune strength, and offers allergen free properties. The demand for coconut milk is growing in developed countries such as the U.S., Germany, the UK, and France, owing to rise in awareness of its health benefits.
Manufacturers are focusing on key innovations that cater to the requirements of large consumer base. Coconut milk is now being considered as healthy replacements for carbonated drinks, owing to which the demand for these products is expected to grow rapidly. Furthermore, increase has been witnessed in the number of netizens along with rise in internet penetration. Considering this, most of the key players in the market strategize on promoting their products on various social media platforms. Thus, through social media marketing strategy, the coconut milk market sights remunerative growth opportunity during the forecast period.
The significant decrease in the global coconut milk market size in 2020 is estimated on the basis of the COVID-19 outbreak and its positive impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation. Further, these scenarios were discussed with the food & beverages industry experts.
The global coconut milk market is segmented into packaging type, category, end user, distribution channel, and region. By packaging type, it is categorized into plastic bottles, tetra packs, and cans. Based on category, it is segmented into organic and conventional. The end users studied in the report are household, food services, catering services, and others. On the basis of distribution channel, it is segregated into direct distribution and retail distribution. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, Sri Lanka, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, Nigeria, Turkey, South Africa, and rest of LAMEA).
The key players profiled in this report include McCormick & Company Inc. (US), Goya Foods Inc. (New Jersey), Celebes Coconut Corp. (Philippines), Vita Coco (US.) Celebes Coconut Corp. (Philippines), Thai Agri Foods Public Co. Ltd (Thailand), Danone SA (France), Pureharvest (Australia), Thai Coconut Public Company (Thailand), and Dabur India Ltd (India). These players are introducing new products in the market to increase the customer base and product sale.
Key benefits for stakeholders
- The study provides an in-depth analysis of the coconut milk market with current and future trends to identify the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- Quantitative analysis of the current market and estimation for the same from 2019 to 2027 is provided to showcase the financial competency of the market.
- Porter's five forces model of the industry demonstrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of buyers, and bargaining power of suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights the business practices, followed by the leading market players across various regions.

Key market segments
- By Packaging Type
o Plastic Bottles
o Tetra Packs
o Cans
- By Category
o Organic
o Conventional
- By End User
o Household
o Food Services
o Catering Services
o Others
- By Distribution Channel
o Direct Distribution
o Retail Distribution
? Hypermarket/Supermarket
? Convenience Stores
? Retail Pharmacies
? E-commerce
? Others

- By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Spain
? Russia
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Australia
? South Korea
? Indonesia
? Srilanka
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Argentina
? UAE
? Turkey
? Nigeria
? South Africa
? Rest of LAMEA