Coconut Milk & Cream Market by Category, Form, Distribution Channel, End-Use

List of Tables

[187 Pages Report] The Coconut Milk & Cream Market size was estimated at USD 21.64 billion in 2023 and expected to reach USD 22.76 billion in 2024, at a CAGR 5.41% to reach USD 31.31 billion by 2030.

The coconut milk & cream serve as alternatives to traditional dairy milk and cream, catering to the diverse needs of consumers with lactose intolerance, vegan lifestyles, or those simply seeking healthier options. Coconut milk & cream are derived from the grated meat of mature coconuts and find extensive applications in the food, beverage, cosmetics, healthcare, and personal care industries. Consumer awareness about the health benefits of coconut-based products has driven demand for alternatives to conventional dairy products. The rise in veganism and plant-based diets has significantly increased demand for plant-derived substitutes such as coconut milk & cream. However, volatility in raw material cost and allergic reactions associated with the consumption and use of coconut-based products may adversely impact end-users product utility. Moreover, ongoing research, innovation, and development of low-fat or reduced-calorie versions of coconut-based products to cater to health-conscious consumers are expected to encourage the adoption of coconut milk & cream.

KEY MARKET STATISTICS
Base Year [2023]	USD 21.64 billion
Estimated Year [2024]	USD 22.76 billion
Forecast Year [2030]	USD 31.31 billion
CAGR (%)	5.41%

Regional Insights

Increasing consumer preference for plant-based alternatives to dairy products and the numerous health benefits associated with coconut consumption are expanding the adoption of coconut milk & cream in the Americas. Consumers' interest in veganism has also contributed to an increased preference for plant-based milk options, including coconut milk in the Americas. The Asia-Pacific region has the largest production volumes of coconuts globally, positioning itself as a significant exporter of coconut-based products such as coconut milk & cream. The presence of coconut producers helps drive regional demand through traditional culinary usage and increased export opportunities to other regions. In the EMEA region, demand for coconut milk & cream is driven by cultural and health factors, and consumer awareness of lactose intolerance has fueled an interest in plant-based alternatives to traditional dairy products. Additionally, increasing application of coconut milk & cream in the cosmetic sector is anticipated to facilitate the use of coconut milk & cream in the upcoming years.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Coconut Milk & Cream Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing consumer preference for nutritional and health-beneficial food products
- Rising utilization in bakery and confectionery products
- Significant growth in vegan and lactose-intolerant population

Market Restraints
- Availability of low-cost alternatives

Market Opportunities
- Introduction of innovative products coconut milk & cream
- Growing adoption of coconut milk & cream in cosmetic sector

Market Challenges
- Allergic reactions associated with consumption of coconut milk

Market Segmentation Analysis
- Category: Rising popularity of cold-pressed organic coconut milk and cream products worldwide
- Distribution Channel: Availability of a wide range of coconut milk & cream products through online channels

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Coconut Milk & Cream Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Coconut Milk & Cream Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Axelum Resources Corp. Launches its Newest Fiesta Coconut Milk Powder

Axelum Resources Corp. is expanding its consumer-branded segment with the introduction of Fiesta Coconut Milk Powder, made from freshly squeezed coconut milk, providing an ingredient for a wide range of recipes. It serves as a dairy substitute and can be conveniently found at leading supermarket chains and popular online stores such as Shopee and Lazada. [Published On: 2023-07-30]

Vita Coco Expands Non-Dairy Coconut Milk Offering Launching Barista MLK Exclusively with Alfred Coffee

Vita Coco Company, Inc. is expanding its non-dairy product range with the exclusive launch of Vita Coco Barista MLK in partnership with Alfred Coffee. This milk alternative, made from coconut water and cream, has been created and endorsed by baristas. As part of this collaboration, all Alfred Coffee locations will now offer Vita Coco Barista MLK as an option to enhance customers' beverage orders. [Published On: 2023-01-30]

Danone North America Launches Plant-Based Creamers Made From Almond & Coconut

Danone North America has recently expanded its range of plant-based creamers by introducing two new options under its alternative dairy brands, Silk and So Delicious. Silk, renowned as one of the leading non-dairy creamer brands in North America, has now introduced the Mocha Almond Creamer. With this new offering, Danone North America aims to provide plant-based consumers with exceptional choices that can elevate their enjoyment throughout the day, ensuring a satisfying and delicious plant-based coffee experience. [Published On: 2023-01-16]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Coconut Milk & Cream Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Coconut Milk & Cream Market, highlighting leading vendors and their innovative profiles. These include Adamjee Lukmanjee & Sons (Pvt.) Ltd., Aldi Stores Limited, Asiatic Agro Industry Co., Ltd., Axelum Resources Corp., Califia Farms, LLC, Celebes Coconut Corporation, Ceres Enterprises Limited, Cha's Organics, Danone SA, Ecomil by Nutriops, S.L, Edward & Sons Trading Co., Goya Foods, Inc., Greenville Agro Corporation, Kapar Coconut Industries Sdn Bhd, M & S Food Industries Sdn Bhd, McCormick & Company Inc., Nature's Charm, Nestle S.A., Only Earth by Naturise Consumer products Pvt Ltd, Pacific Foods Of Oregon, LLC by Campbell Soup Company, Primex Group of Companies, PT Sari Segar Husada, Renuka Foods PLC, Roxas Sigma Agriventures Inc, Sambu Group, Santanku Sdn Bhd., Stancodex Sdn. Bhd., and Thai Agri Foods LLC.

Market Segmentation & Coverage

This research report categorizes the Coconut Milk & Cream Market to forecast the revenues and analyze trends in each of the following sub-markets:

Category
- Conventional
- Organic

Form
- Liquid
- Powder

Distribution Channel
- Convenience Stores
- Online Retail Stores
- Supermarkets & Hypermarkets

End-Use
- Cosmetics & Personal Care
- Food & Beverage Processing
- Food Services
- Functional Food & Dietary Supplements
- Household

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-957C47F950D1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing consumer preference for nutritional and health-beneficial food products
  - 5.1.1.2. Rising utilization in bakery and confectionery products
  - 5.1.1.3. Significant growth in vegan and lactose-intolerant population
- 5.1.2. Restraints
  - 5.1.2.1. Availability of low-cost alternatives
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of innovative products coconut milk & cream
  - 5.1.3.2. Growing adoption of coconut milk & cream in cosmetic sector
- 5.1.4. Challenges
  - 5.1.4.1. Allergic reactions associated with consumption of coconut milk
5.2. Market Segmentation Analysis
- 5.2.1. Category: Rising popularity of cold-pressed organic coconut milk and cream products worldwide
- 5.2.2. Distribution Channel: Availability of a wide range of coconut milk & cream products through online channels
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Coconut Milk & Cream Market, by Category

6.1. Introduction
6.2. Conventional
6.3. Organic

7. Coconut Milk & Cream Market, by Form

7.1. Introduction
7.2. Liquid
7.3. Powder

8. Coconut Milk & Cream Market, by Distribution Channel

8.1. Introduction
8.2. Convenience Stores
8.3. Online Retail Stores
8.4. Supermarkets & Hypermarkets

9. Coconut Milk & Cream Market, by End-Use

9.1. Introduction
9.2. Cosmetics & Personal Care
9.3. Food & Beverage Processing
9.4. Food Services
9.5. Functional Food & Dietary Supplements
9.6. Household

10. Americas Coconut Milk & Cream Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Coconut Milk & Cream Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Coconut Milk & Cream Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Axelum Resources Corp. Launches its Newest Fiesta Coconut Milk Powder
- 13.3.2. Vita Coco Expands Non-Dairy Coconut Milk Offering Launching Barista MLK Exclusively with Alfred Coffee
- 13.3.3. Danone North America Launches Plant-Based Creamers Made From Almond & Coconut
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio