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Research Reports

The Coconut Milk Market To Prove Its Servility To Technological Advancements


Rich in cream and texture, coconut milk is a high-calorie food, and considered an eco-friendly and healthy product that provides plenty of minerals and vitamins. There is rising demand for coconut milk from the beverage industry as an ideal substitute for cow milk and other animal milk. Owing to its nutritional elements such as potassium, vitamins, iron, zinc, and minerals, open new opportunities are expected to arise for manufacturers over the coming years.

Moreover, ready-to-drink beverages are widely popular across the world, as consumers are getting the necessary combination of taste and nutrition in them. Since the adoption of the vegan diet is rising around the globe, manufacturers are increasingly offering dairy-free, ready-to-drink beverage products to consumers. As such, the global coconut milk market is set to experience a value growth of close to 9% CAGR over the next ten years.

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Key Takeaways from Market Study

“Rising health-consciousness along with growing consumer shift toward plant-based diets is being witnessed. Thus, manufacturers could gain increased profits by targeting countries with increasing lactose intolerant and vegan populations.” says a Persistence Market Research analyst.

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Competitive Landscape

Coconut milk manufacturers are focusing on developing application-specific products by investing in research & development. Manufacturers are constantly making efforts in increasing production capabilities and sales across various regions of the world.

  • In 2017, Nestlé launched a new range of almond and coconut milk products, especially for coffee, under the brand name Coffee-Mate Natural Bliss. This new range of creamy and delicious flavored coconut milk and almond milk was introduced by the company owing to changing preferences of consumers.
  • In 2016, McCormick & Company constructed a new facility in Shanghai, China, to cater to increasing demand from the Chinese market. In addition, the company established a new manufacturing facility in Dubai and acquired a construction site in Thailand to offer efficient services in Southeast Asia.

Explore More Valuable Insights

Persistence Market Research, in its new report, offers an impartial analysis of the global coconut milk market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031. The study offers compelling insights on the basis of nature (organic and conventional), product (full fat coconut milk, low fat coconut milk, coconut milk cream, and coconut milk powder), flavor (sweetened and unsweetened), end use (food and beverages, food service, and retail and household), and distribution channel (business to business and business to consumer), across seven major regions of the world.

Planning To Introduce An Offbeat Product/Technology In The Coconut Milk Market? Go To “Purchase Now” To Have Our Coconut Milk Market Report!

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