Coconut Milk and Cream Market, By Category (Organic, Conventional), By Application (Processed Food, Retail/Packaged Coconut Milk and Coconut Cream, Foodservice), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Coconut milk and cream are great alternatives to dairy milk. Both types are rich in medium-chain fatty acids (MCFAs), which help body burn fat and boost brain power. Coconut milk and cream are available in canned and boxed varieties. These dairy-free drinks are an excellent way to replace dairy products without compromising flavor and texture. Although coconut cream is sweeter and lower in calories, it does contain the same nutrient content as coconut milk. When paired with ice cream, it lends a tropical flavor and color to any dessert. It can also be used as a garnish on ice cream. When mixed with fruit or in other tropical drinks, coconut cream is a wonderful addition.
Market Dynamics:
Growing number of vegetarian population is augmenting the coconut milk and cream market growth. Increasing incidence of lactose intolerance among population is again creating demand for plant-based protein. Moreover, advent of organically sourced coconuts is further anticipated to foster market growth.
On the other hand, Availability of alternative such as soy milk is a direct alternative to coconut milk is hindering market growth.
Key features of the study:
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