Coconut Milk Products Market 2019 —
Coconut milk is a healthy liquid which is obtained from the coconuts’ grated pulps. There is a lot of products which are made of coconut milk and coconuts. Coconut Milk Products are greatly used in food processing. Besides, they are also sued in different culinary processes to give a rich coconut taste and consistency to various food products. These products are a central part of the Asian dishes and cuisines. On the other side, some products are widely used as plant-based alternatives for dairy milk.
These products come in cartons and are generally refrigerated to enhance their lifespan. Now talking about some health benefits of the product made of coconut milk, they come equipped with a sufficient level of anti-viral and anti-bacterial properties. It helps in improving the immunity power against various harmful bacteria. It is expected that vast healthy benefits provided by such products will significantly drive the growth of the global market during the forecast period, i.e., from 2019 to 2024 at an impressive CAGR.
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The top Manufacturer in global Coconut Milk Products market include:
Charoen Pokphand Foods
Thai Agri Foods
Campbell Soup (Pacific Foods)
M&S Food Industries
Fresh Fruit Ingredients
Chef's Choice Foods Manufacturer
Growing demand for plant-based food products will also drive the sale of products made from coconut milk. The consumers are now shifting toward plant-based food products. They consider factors like animal welfare issues, plant sources, and more while buying products. The consumer’s increasing demand for vegan products will put a positive impact on the market. The World Coconut Milk Products market was accounted to USD 812.4 million in 2018. However, it is expected to grow at an impressive CAGR of 5 to 7 % during the forecast period.
Global Market Segmentation of the Product
The Global Coconut Milk Products Market is segmented based on Type, Application, and Regions. Based on the type, the market is segmented into Conventional Coconut Milk and Organic Coconut Milk. The experts have suggested that organic product segment will witness the maximum share of the global market during the forecast period. The reason is health awareness among people has increased. People are ready to pay more for the products which can offer maximum health benefits. So, they are consuming products made of organic coconut milk. Based on application, it is split into Cosmetic & Personal Care, Food and Beverages and Others.
Geographical Market Segmentation of the Product
Talking about geographical segmentation, the market is segmented into different regions and countries. The major regions are North America, Asia Pacific, South America, Europe, Middle East & Africa. Coming to the important countries which are included in the report, they are Canada, Unites States, Germany, France, Mexico, Italy, Russia, China, Korea, Japan, Southeast Asia, India, Argentina, Colombia, Brazil, Egypt, Nigeria, Saudi Arabia, UAE, and South Africa. As per the report, the North America region is expected to grow at 8% CAGR and will cover around25.6 percent of global market share by the end of 2024. The reason is the increasing trend of vegan diets.
Latest Industry Updates
Recently, Vita Coco launched its new Coconut Milk Products with added mineral and calcium. As per the report, the company is planning to acquire some companies to expand the business. AMI- All Market Inc., which is the parent company of Vita Coco, recently acquired Runa, an organic energy drink brand who use the guayusa leaf to create the drink.
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Table of Contents –Analysis of Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Coconut Milk Products Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Coconut Milk Products Market Analysis by Regions
5 North America Coconut Milk Products by Country
6 Europe Coconut Milk Products by Country
7 Asia-Pacific Coconut Milk Products by Country
8 South America Coconut Milk Products by Country
9 Middle East and Africa Coconut Milk Products by Countries
10 Global Coconut Milk Products Market Segment by Type
11 Global Coconut Milk Products Market Segment by Application
12 Coconut Milk Products Market Forecast (2019-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
List of Tables and Figures
Name: Norah Trent
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