Global Packaged Coconut Milk Market 2024-2028
The packaged coconut milk market is forecasted to grow by USD 1376.9 mn during 2023-2028, accelerating at a CAGR of 14.97% during the forecast period. The report on the packaged coconut milk market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by robust demand for plant-based milk, increasing awareness regarding benefits of packaged coconut milk, and increasing demand for single-serve, multi-packs, and sustainable packaging.
Technavio's packaged coconut milk market is segmented as below:
- By Product
- Conventional
- Organic
- By Distribution Channel
- Supermarkets and hypermarkets
- Convenience stores
- Online retail
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing use of coconut milk in culinary applications as one of the prime reasons driving the packaged coconut milk market growth during the next few years. Also, increased demand for private-label packaged coconut milk and growing online sales and e-commerce penetration will lead to sizable demand in the market.
The report on the packaged coconut milk market covers the following areas:
- Packaged coconut milk market sizing
- Packaged coconut milk market forecast
- Packaged coconut milk market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading packaged coconut milk market vendors that include Ahya Coco Organic Food Manufacturing Corp., Campbell Soup Co., Celebes Coconut Corp., Cocomi Bio Organic, Coconut Palm Group Ltd., Dabur India Ltd., Danone SA, Edward and Sons Trading Co., Goya Foods Inc., Heng Guan Food Industrial Pte Ltd., McCormick and Co. Inc., Merit Food Products Co. Ltd., Nestle SA, PureHarvest, Thai Agri Foods Public Co. Ltd., Thai Coconut Public Co. Ltd., The Coconut Co. UK Ltd., The Vita Coco Co. Inc., Theppadungporn Coconut Co. Ltd., and Urban Platter. Also, the packaged coconut milk market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.