Global Coconut Milk Powder Market Size, Share & Trends Analysis Report By Product (Conventional, and Organic), By Application (Food, and Beverages), By Distribution Channel, By Regional Outlook and Forecast, 2024 - 2031

Global Coconut Milk Powder Market Size, Share & Trends Analysis Report By Product (Conventional, and Organic), By Application (Food, and Beverages), By Distribution Channel, By Regional Outlook and Forecast, 2024 - 2031


The Global Coconut Milk Powder Market size is expected to reach $140.8 million by 2031, rising at a market growth of 9.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,973.2 Tonnes experiencing a growth of 13.3% (2020-2023).

The Asia Pacific region generated 41% revenue share in the coconut milk powder market in 2023. Countries such as Indonesia, Thailand, and the Philippines are among the largest producers and consumers of coconut-based products, where coconut milk powder is widely used in traditional cuisines. Thus, the region consumed a volume of 1,877.2 Tonnes in 2023.

The global trend towards health consciousness is a significant driver for this market. As consumers become more aware of the importance of nutrition and wellness, they actively seek out products offering health benefits. This powder, known for its rich nutritional profile, is gaining popularity as a healthy alternative to traditional dairy products and other plant-based milk options. In conclusion, increasing consumer awareness of health benefits propels the market's growth.

Additionally, The global shift towards veganism and vegetarianism significantly impacts the food and beverage industry. As more individuals adopt plant-based diets for health, ethical, and environmental reasons, the demand for alternative food products that align with these dietary preferences is rapidly increasing. This growing population of vegans and vegetarians drives the demand for this powder, a versatile and nutritious alternative to animal-derived ingredients. Therefore, the expansion of the vegan and vegetarian population, accelerating market demand, is propelling the market's growth.

However, The production of this powder involves several stages, including harvesting coconuts, extracting coconut milk, drying processes, and packaging. Each of these stages contributes to the overall production costs. High production costs can pose significant challenges for manufacturers in this market, impacting pricing strategies and overall profitability. Thus, the high production costs of this powder are hampering its growth.

Product Outlook

Based on product, this market is divided into conventional and organic. The organic segment witnessed 28% revenue share in this market in 2023. This segment is characterized by its emphasis on natural ingredients, environmentally friendly production methods, and consumer demand for clean label products. As awareness of health and wellness increases, consumers are actively seeking organic food options, including coconut milk powder. In terms of volume, the segment would register 2,973.2 Tonnes in 2023.

Application Outlook

On the basis of application, this market is segmented into food and beverage. In 2023, the beverage segment attained 33% revenue share in this market. This growth is fuelled by the rising popularity of plant-based drinks and the increasing consumer preference for dairy alternatives. Coconut milk powder is often used in smoothies, protein shakes, and ready-to-drink beverages, providing a creamy consistency and tropical flavour profile that appeals to health-conscious consumers.

Distribution Channel Outlook

By distribution channel, this market is divided into offline and online. The online segment procured 25% revenue share in this market in 2023. The rise of e-commerce platforms has revolutionized how consumers purchase food products, offering unparalleled convenience, variety, and competitive pricing. Online shopping has surged in popularity, especially after the pandemic, as consumers increasingly sought contactless purchasing options and home delivery services. In terms of volume, the segment would register 2,973.2 Tonnes in 2023.

Regional Outlook

Region-wise, this market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 28% revenue share in this market in 2023. The rise of veganism, vegetarianism, and the awareness surrounding lactose intolerance have led consumers to seek out dairy substitutes, significantly boosting the popularity of coconut milk powder.

List of Key Companies Profiled
  • Nestle S.A.
  • Associated British Foods PLC (Wittington Investments Limited)
  • Danone S.A.
  • McCormick & Company, Inc.
  • GraceKennedy Limited
  • Bramble Berry, Inc.
  • BareOrganics
  • King Arthur Flour Company, Inc.
  • Healthworks
  • Cocomi Bio Organic
Global Coconut Milk Powder Market Report Segmentation

By Product (Volume, Tonnes, USD Million, 2020-2031)
  • Conventional
  • Organic
By Application (Volume, Tonnes, USD Million, 2020-2031)
  • Food
  • Beverages
By Distribution Channel (Volume, Tonnes, USD Million, 2020-2031)
  • Offline
  • Online
By Geography (Volume, Tonnes, USD Million, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Coconut Milk Powder Market, by Product
1.4.2 Global Coconut Milk Powder Market, by Application
1.4.3 Global Coconut Milk Powder Market, by Distribution Channel
1.4.4 Global Coconut Milk Powder Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Coconut Milk Powder Market by Product
4.1 Global Conventional Market by Region
4.2 Global Organic Market by Region
Chapter 5. Global Coconut Milk Powder Market by Application
5.1 Global Food Market by Region
5.2 Global Beverages Market by Region
Chapter 6. Global Coconut Milk Powder Market by Distribution Channel
6.1 Global Offline Market by Region
6.2 Global Online Market by Region
Chapter 7. Global Coconut Milk Powder Market by Region
7.1 North America Coconut Milk Powder Market
7.1.1 North America Coconut Milk Powder Market by Product
7.1.1.1 North America Conventional Market by Region
7.1.1.2 North America Organic Market by Region
7.1.2 North America Coconut Milk Powder Market by Application
7.1.2.1 North America Food Market by Country
7.1.2.2 North America Beverages Market by Country
7.1.3 North America Coconut Milk Powder Market by Distribution Channel
7.1.3.1 North America Offline Market by Country
7.1.3.2 North America Online Market by Country
7.1.4 North America Coconut Milk Powder Market by Country
7.1.4.1 US Coconut Milk Powder Market
7.1.4.1.1 US Coconut Milk Powder Market by Product
7.1.4.1.2 US Coconut Milk Powder Market by Application
7.1.4.1.3 US Coconut Milk Powder Market by Distribution Channel
7.1.4.2 Canada Coconut Milk Powder Market
7.1.4.2.1 Canada Coconut Milk Powder Market by Product
7.1.4.2.2 Canada Coconut Milk Powder Market by Application
7.1.4.2.3 Canada Coconut Milk Powder Market by Distribution Channel
7.1.4.3 Mexico Coconut Milk Powder Market
7.1.4.3.1 Mexico Coconut Milk Powder Market by Product
7.1.4.3.2 Mexico Coconut Milk Powder Market by Application
7.1.4.3.3 Mexico Coconut Milk Powder Market by Distribution Channel
7.1.4.4 Rest of North America Coconut Milk Powder Market
7.1.4.4.1 Rest of North America Coconut Milk Powder Market by Product
7.1.4.4.2 Rest of North America Coconut Milk Powder Market by Application
7.1.4.4.3 Rest of North America Coconut Milk Powder Market by Distribution Channel
7.2 Europe Coconut Milk Powder Market
7.2.1 Europe Coconut Milk Powder Market by Product
7.2.1.1 Europe Conventional Market by Country
7.2.1.2 Europe Organic Market by Country
7.2.2 Europe Coconut Milk Powder Market by Application
7.2.2.1 Europe Food Market by Country
7.2.2.2 Europe Beverages Market by Country
7.2.3 Europe Coconut Milk Powder Market by Distribution Channel
7.2.3.1 Europe Offline Market by Country
7.2.3.2 Europe Online Market by Country
7.2.4 Europe Coconut Milk Powder Market by Country
7.2.4.1 Germany Coconut Milk Powder Market
7.2.4.1.1 Germany Coconut Milk Powder Market by Product
7.2.4.1.2 Germany Coconut Milk Powder Market by Application
7.2.4.1.3 Germany Coconut Milk Powder Market by Distribution Channel
7.2.4.2 UK Coconut Milk Powder Market
7.2.4.2.1 UK Coconut Milk Powder Market by Product
7.2.4.2.2 UK Coconut Milk Powder Market by Application
7.2.4.2.3 UK Coconut Milk Powder Market by Distribution Channel
7.2.4.3 France Coconut Milk Powder Market
7.2.4.3.1 France Coconut Milk Powder Market by Product
7.2.4.3.2 France Coconut Milk Powder Market by Application
7.2.4.3.3 France Coconut Milk Powder Market by Distribution Channel
7.2.4.4 Russia Coconut Milk Powder Market
7.2.4.4.1 Russia Coconut Milk Powder Market by Product
7.2.4.4.2 Russia Coconut Milk Powder Market by Application
7.2.4.4.3 Russia Coconut Milk Powder Market by Distribution Channel
7.2.4.5 Spain Coconut Milk Powder Market
7.2.4.5.1 Spain Coconut Milk Powder Market by Product
7.2.4.5.2 Spain Coconut Milk Powder Market by Application
7.2.4.5.3 Spain Coconut Milk Powder Market by Distribution Channel
7.2.4.6 Italy Coconut Milk Powder Market
7.2.4.6.1 Italy Coconut Milk Powder Market by Product
7.2.4.6.2 Italy Coconut Milk Powder Market by Application
7.2.4.6.3 Italy Coconut Milk Powder Market by Distribution Channel
7.2.4.7 Rest of Europe Coconut Milk Powder Market
7.2.4.7.1 Rest of Europe Coconut Milk Powder Market by Product
7.2.4.7.2 Rest of Europe Coconut Milk Powder Market by Application
7.2.4.7.3 Rest of Europe Coconut Milk Powder Market by Distribution Channel
7.3 Asia Pacific Coconut Milk Powder Market
7.3.1 Asia Pacific Coconut Milk Powder Market by Product
7.3.1.1 Asia Pacific Conventional Market by Country
7.3.1.2 Asia Pacific Organic Market by Country
7.3.2 Asia Pacific Coconut Milk Powder Market by Application
7.3.2.1 Asia Pacific Food Market by Country
7.3.2.2 Asia Pacific Beverages Market by Country
7.3.3 Asia Pacific Coconut Milk Powder Market by Distribution Channel
7.3.3.1 Asia Pacific Offline Market by Country
7.3.3.2 Asia Pacific Online Market by Country
7.3.4 Asia Pacific Coconut Milk Powder Market by Country
7.3.4.1 China Coconut Milk Powder Market
7.3.4.1.1 China Coconut Milk Powder Market by Product
7.3.4.1.2 China Coconut Milk Powder Market by Application
7.3.4.1.3 China Coconut Milk Powder Market by Distribution Channel
7.3.4.2 Japan Coconut Milk Powder Market
7.3.4.2.1 Japan Coconut Milk Powder Market by Product
7.3.4.2.2 Japan Coconut Milk Powder Market by Application
7.3.4.2.3 Japan Coconut Milk Powder Market by Distribution Channel
7.3.4.3 India Coconut Milk Powder Market
7.3.4.3.1 India Coconut Milk Powder Market by Product
7.3.4.3.2 India Coconut Milk Powder Market by Application
7.3.4.3.3 India Coconut Milk Powder Market by Distribution Channel
7.3.4.4 South Korea Coconut Milk Powder Market
7.3.4.4.1 South Korea Coconut Milk Powder Market by Product
7.3.4.4.2 South Korea Coconut Milk Powder Market by Application
7.3.4.4.3 South Korea Coconut Milk Powder Market by Distribution Channel
7.3.4.5 Australia Coconut Milk Powder Market
7.3.4.5.1 Australia Coconut Milk Powder Market by Product
7.3.4.5.2 Australia Coconut Milk Powder Market by Application
7.3.4.5.3 Australia Coconut Milk Powder Market by Distribution Channel
7.3.4.6 Malaysia Coconut Milk Powder Market
7.3.4.6.1 Malaysia Coconut Milk Powder Market by Product
7.3.4.6.2 Malaysia Coconut Milk Powder Market by Application
7.3.4.6.3 Malaysia Coconut Milk Powder Market by Distribution Channel
7.3.4.7 Rest of Asia Pacific Coconut Milk Powder Market
7.3.4.7.1 Rest of Asia Pacific Coconut Milk Powder Market by Product
7.3.4.7.2 Rest of Asia Pacific Coconut Milk Powder Market by Application
7.3.4.7.3 Rest of Asia Pacific Coconut Milk Powder Market by Distribution Channel
7.4 LAMEA Coconut Milk Powder Market
7.4.1 LAMEA Coconut Milk Powder Market by Product
7.4.1.1 LAMEA Conventional Market by Country
7.4.1.2 LAMEA Organic Market by Country
7.4.2 LAMEA Coconut Milk Powder Market by Application
7.4.2.1 LAMEA Food Market by Country
7.4.2.2 LAMEA Beverages Market by Country
7.4.3 LAMEA Coconut Milk Powder Market by Distribution Channel
7.4.3.1 LAMEA Offline Market by Country
7.4.3.2 LAMEA Online Market by Country
7.4.4 LAMEA Coconut Milk Powder Market by Country
7.4.4.1 Brazil Coconut Milk Powder Market
7.4.4.1.1 Brazil Coconut Milk Powder Market by Product
7.4.4.1.2 Brazil Coconut Milk Powder Market by Application
7.4.4.1.3 Brazil Coconut Milk Powder Market by Distribution Channel
7.4.4.2 Argentina Coconut Milk Powder Market
7.4.4.2.1 Argentina Coconut Milk Powder Market by Product
7.4.4.2.2 Argentina Coconut Milk Powder Market by Application
7.4.4.2.3 Argentina Coconut Milk Powder Market by Distribution Channel
7.4.4.3 UAE Coconut Milk Powder Market
7.4.4.3.1 UAE Coconut Milk Powder Market by Product
7.4.4.3.2 UAE Coconut Milk Powder Market by Application
7.4.4.3.3 UAE Coconut Milk Powder Market by Distribution Channel
7.4.4.4 Saudi Arabia Coconut Milk Powder Market
7.4.4.4.1 Saudi Arabia Coconut Milk Powder Market by Product
7.4.4.4.2 Saudi Arabia Coconut Milk Powder Market by Application
7.4.4.4.3 Saudi Arabia Coconut Milk Powder Market by Distribution Channel
7.4.4.5 South Africa Coconut Milk Powder Market
7.4.4.5.1 South Africa Coconut Milk Powder Market by Product
7.4.4.5.2 South Africa Coconut Milk Powder Market by Application
7.4.4.5.3 South Africa Coconut Milk Powder Market by Distribution Channel
7.4.4.6 Nigeria Coconut Milk Powder Market
7.4.4.6.1 Nigeria Coconut Milk Powder Market by Product
7.4.4.6.2 Nigeria Coconut Milk Powder Market by Application
7.4.4.6.3 Nigeria Coconut Milk Powder Market by Distribution Channel
7.4.4.7 Rest of LAMEA Coconut Milk Powder Market
7.4.4.7.1 Rest of LAMEA Coconut Milk Powder Market by Product
7.4.4.7.2 Rest of LAMEA Coconut Milk Powder Market by Application
7.4.4.7.3 Rest of LAMEA Coconut Milk Powder Market by Distribution Channel
Chapter 8. Company Profiles
8.1 Nestle S.A.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Associated British Foods PLC (Wittington Investments Limited)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Danone S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 McCormick & Company, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 GraceKennedy Limited
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.6 Bramble Berry, Inc.
8.6.1 Company Overview
8.7 BareOrganics
8.7.1 Company Overview
8.8 King Arthur Flour Company, Inc.
8.8.1 Company Overview
8.9 Healthworks
8.9.1 Company Overview
8.10. Cocomi Bio Organic
8.10.1 Company overview
Chapter 9. Winning Imperatives of Coconut Milk Powder Market

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