Asia Pacific Coconut Milk Market was worth USD xx billion in 2022 and is estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2027.
Coconut milk is derived from the shreds of a mature coconut. Coconut milk has a rich taste and color due to the presence of high oil content which is saturated fat. It has various health benefits like- helping to improve the immune system and helping reduces critical illness. Coconut milk has various health benefits including the improvement of the immune system which makes it a major driver of the market. Due to the increase in the vegan population, the consumption of naturally obtained coconut milk has gone up. Asian cuisine becomes increasingly popular across the globe which in turn fuels the market growth as coconut milk is one of the major ingredients of Asian cuisine. There has been a rise in the lactose intolerant population which in turn further drives the market growth.
The market for Coconut Milk is broadly categorized into
form
nature
application
distribution channel
By form
liquid
powder
By nature
organic
conventional.
Organic coconut milk has gained immense popularity over the past few years.
By application
household
food and beverage
cosmetics
personal care
By distribution channel
supermarkets
hypermarkets
specialist retailers
convenience stores
China
India
Japan
Australia
South Korea
Asia Pacific is expected to grow at the highest CAGR due to an increasing vegan population.
WhiteWave Foods
McCormick
Theppadungporn Coconut Co. Ltd.
Goya Foods, Pureharvest,
Edward & Sons
Ducoco
iTi Tropicals
Thai Agri Foods
Turtle Mountain
Pacific Foods
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