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Coconut Milk Market Global Industry Analysis and Opportunity Assessment 2017-2027

Coconut Milk Market Global Industry Analysis and Opportunity Assessment 2017-2027

Organic coconut milk is expected to be the most favoured among consumers

Although conventional coconut milk has high revenue share, the attractiveness of the conventional coconut milk segment is expected to remain low as compared to the organic segment. Revenue from the organic coconut milk segment is expected to increase at a CAGR of 8.2% during the forecast period and is anticipated to contribute close to 30% revenue share by the end of 2027. The organic segment is estimated to be valued at more than US$ 220 Mn by 2017 end and is projected to reach a market valuation in excess of US$ 500 Mn by the end of 2027, creating absolute $ opportunity of US$ 12.2 Mn in 2017 over 2016 and an incremental $ opportunity of US$ 288.3 Mn between 2016 and 2027.

The conventional segment by nature is estimated to be valued at more than US$ 600 Mn by 2017 end and is expected to increase at a CAGR of 7.0% over the forecast period, to reach a market valuation of more than US$ 1100 Mn by the end of 2027, creating absolute $ opportunity of US$ 39.3 Mn in 2017 over 2016 and an incremental $ opportunity of US$ 618.9 Mn between 2016 and 2027. Since the last few years, Asian cuisine has gained immense popularity among food lovers across the globe. They have been developing a taste for cuisines that include coconut or coconut milk and this is the key factor likely to fuel revenue growth of the global coconut milk market during the projected period. Consumption of Asian food in countries such as the U.S. and Canada has increased substantially, owing to increasing tourist population visiting countries in Asia and sampling and developing a taste for the local cuisine. For instance, sales of Asian food at Asian restaurants in the U.S. have almost doubled in the past few years, indicating that preference has grown substantially in a short span of time.

An increasing lactose intolerant population is another factor boosting the growth in demand for coconut milk. Rising number of lactose intolerant people worldwide is a top factor expected to drive demand for organic and conventional coconut milk globally. Coconut milk does not contain lactose and retains essential nutrients, hence becoming a choice for lactose intolerant population.

Our analysis indicates that increasing consumption of vegan desserts and ice creams also boost the coconut milk market. Rising number of vegan individuals particularly in Europe is a major factor driving the growth in consumption of organic and conventional coconut milk and associated products. Increased demand for vegan ice creams and desserts is driving the sales of plant-based substitutes for regular milk. There has been an increase in the use of coconut milk in vegan ice creams and desserts, as people have developed the taste for coconut milk over time. Top-notch hotels have also started offering vegan desserts and ice creams on their menu, owing to increasing demand.

North America will grab largest market share of the global coconut milk market during the forecast period

North America is expected to account for relatively high value share and Y-o-Y growth in the global coconut milk market by 2027 end. Increasing consumer preference for coconut milk and associated products is expected to contribute in revenue growth of North America over the forecast period. In the North America coconut milk market, the organic segment by nature will dominate in terms of CAGR – both value (9.2%) and volume (8.3%) – over the forecast period.


1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent Market Overview
3. Global Coconut Milk Market Analysis and Forecast, By Region
3.1. Introduction / Key Findings
3.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Region (2012-2016)
3.2.1. North America
3.2.2. Latin America
3.2.3. Western Europe
3.2.4. Eastern Europe
3.2.5. APEJ
3.2.6. MEA
3.2.7. Japan
3.3. Market Size (US$ Mn) and Volume (MT) Forecast, By Region
3.3.1. North America
3.3.2. Latin America
3.3.3. Western Europe
3.3.4. Eastern Europe
3.3.5. APEJ
3.3.6. MEA
3.3.7. Japan
3.4. Market Attractiveness Analysis, By Region
3.5. Key Trends / Market Developments
4. Global Coconut Milk Market Analysis Scenario
4.1. Market Volume Analysis
4.2. Pricing Analysis
4.2.1. Pricing Assumptions
4.2.2. Price Projections Per Region
4.3. Market Size and Forecast
4.3.1. Market Size and Y-o-Y Growth
4.3.2. Absolute $ Opportunity
4.4. Market Overview
4.4.1. Value Chain
4.4.2. List of Active Participants
4.4.2.1. Manufacturers
4.4.2.2. Distributors
4.5. Global Coconut Milk Market Analysis and Forecast, By Form
4.6. Introduction
4.7. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
4.7.1. Liquid
4.7.2. Powder
4.8. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
4.8.1. Liquid
4.8.2. Powder
4.9. Market Attractiveness Analysis, By Form
4.10. Key Trends / Market Developments
4.11. Global Coconut Milk Market Analysis and Forecast, By Nature
4.12. Introduction
4.13. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
4.13.1. Organic
4.13.2. Conventional
4.14. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
4.14.1. Organic
4.14.2. Conventional
4.15. Market Attractiveness Analysis, By Nature
4.16. Key Trends / Market Developments
4.17. Global Coconut Milk Market Analysis and Forecast, By End Use Application
4.18. Introduction
4.19. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
4.19.1. Household
4.19.2. Food Services
4.19.3. Food & Beverage Manufacturing
4.19.4. Cosmetics & Personal Care
4.19.5. Other Applications
4.20. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
4.20.1. Household
4.20.2. Food Services
4.20.3. Food & Beverage Manufacturing
4.20.4. Cosmetics & Personal Care
4.20.5. Other Applications
4.21. Market Attractiveness Analysis By End Use Application
4.22. Key Trends / Market Developments
5. North America Coconut Milk Market Analysis and Forecast
5.1. Introduction
5.2. Pricing Analysis
5.3. Regional Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Trends
5.4. Historical Market Size (US$ Mn) and Volume (MT) Analysis By Country (2012-2016)
5.4.1. U.S.
5.4.2. Canada
5.5. Market Size (US$ Mn) and Volume (MT) Forecast By Country (2017-2025)
5.5.1. U.S.
5.5.2. Canada
5.6. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
5.6.1. Liquid
5.6.2. Powder
5.7. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
5.7.1. Liquid
5.7.2. Powder
5.8. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
5.8.1. Organic
5.8.2. Conventional
5.9. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
5.9.1. Organic
5.9.2. Conventional
5.10. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
5.10.1. Household
5.10.2. Food Services
5.10.3. Food & Beverage Manufacturing
5.10.4. Cosmetics & Personal Care
5.10.5. Other Applications
5.11. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
5.11.1. Household
5.11.2. Food Services
5.11.3. Food & Beverage Manufacturing
5.11.4. Cosmetics & Personal Care
5.11.5. Other Applications
5.12. Drivers and Restraints: Impact Analysis
5.13. Market Attractiveness Analysis
5.13.1. By Country
5.13.2. By Form
5.13.3. By Nature
5.13.4. By End Use Application
5.14. Key Representative Market Participants
5.15. Market Presence (Intensity Map)
6. Latin America Coconut Milk Market Analysis and Forecast
6.1. Introduction
6.2. Pricing Analysis
6.3. Regional Market Dynamics
6.3.1. Drivers
6.3.2. Restraints
6.3.3. Trends
6.4. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Country (2012-2016)
6.4.1. Brazil
6.4.2. Mexico
6.4.3. Rest of Latin America
6.5. Market Size (US$ Mn) and Volume (MT) Forecast, By Country (2017-2025)
6.5.1. Brazil
6.5.2. Mexico
6.5.3. Rest of Latin America
6.6. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
6.7. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
6.7.1. Liquid
6.7.2. Powder
6.8. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
6.8.1. Liquid
6.8.2. Powder
6.9. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
6.9.1. Organic
6.9.2. Conventional
6.10. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
6.10.1. Organic
6.10.2. Conventional
6.11. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
6.11.1. Household
6.11.2. Food Services
6.11.3. Food & Beverage Manufacturing
6.11.4. Cosmetics & Personal Care
6.11.5. Other Applications
6.12. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
6.12.1. Household
6.12.2. Food Services
6.12.3. Food & Beverage Manufacturing
6.12.4. Cosmetics & Personal Care
6.12.5. Other Applications
6.13. Drivers and Restraints: Impact Analysis
6.14. Market Attractiveness Analysis
6.14.1. By Country
6.14.2. By Form
6.14.3. By Nature
6.14.4. By End Use Application
6.15. Key Representative Market Participants
6.16. Market Presence (Intensity Map)
7. Western Europe Coconut Milk Market Analysis and Forecast
7.1. Introduction
7.2. Pricing Analysis
7.3. Regional Market Dynamics
7.3.1. Drivers
7.3.2. Restraints
7.3.3. Trends
7.4. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Country (2012-2016)
7.4.1. U.K.
7.4.2. Italy
7.4.3. Spain
7.4.4. France
7.4.5. Germany
7.4.6. NORDIC
7.4.7. BENELUX
7.4.8. Rest of Western Europe
7.5. Market Size (US$ Mn) and Volume (MT) Forecast, By Country (2017-2025)
7.5.1. U.K.
7.5.2. Italy
7.5.3. Spain
7.5.4. France
7.5.5. Germany
7.5.6. NORDIC
7.5.7. BENELUX
7.5.8. Rest of Western Europe
7.6. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
7.6.1. Liquid
7.6.2. Powder
7.7. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
7.7.1. Liquid
7.7.2. Powder
7.8. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
7.8.1. Organic
7.8.2. Conventional
7.9. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
7.9.1. Organic
7.9.2. Conventional
7.10. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
7.10.1. Household
7.10.2. Food Services
7.10.3. Food & Beverage Manufacturing
7.10.4. Cosmetics & Personal Care
7.10.5. Other Applications
7.11. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
7.11.1. Household
7.11.2. Food Services
7.11.3. Food & Beverage Manufacturing
7.11.4. Cosmetics & Personal Care
7.11.5. Other Applications
7.12. Drivers and Restraints: Impact Analysis
7.13. Market Attractiveness Analysis
7.13.1. By Country
7.13.2. By Form
7.13.3. By Nature
7.13.4. By End Use Application
7.14. Key Representative Market Participants
7.15. Market Presence (Intensity Map)
8. Eastern Europe Coconut Milk Market Analysis and Forecast
8.1. Introduction
8.2. Pricing Analysis
8.3. Regional Market Dynamics
8.3.1. Drivers
8.3.2. Restraints
8.3.3. Trends
8.4. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Country (2012-2016)
8.4.1. Russia
8.4.2. Poland
8.4.3. Rest of Eastern Europe
8.5. Market Size (US$ Mn) and Volume (MT) Forecast, By Country (2017-2025)
8.5.1. Russia
8.5.2. Poland
8.5.3. Rest of Eastern Europe
8.6. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
8.6.1. Liquid
8.6.2. Powder
8.7. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
8.7.1. Liquid
8.7.2. Powder
8.8. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
8.8.1. Organic
8.8.2. Conventional
8.9. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
8.9.1. Organic
8.9.2. Conventional
8.10. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
8.10.1. Household
8.10.2. Food Services
8.10.3. Food & Beverage Manufacturing
8.10.4. Cosmetics & Personal Care
8.10.5. Other Applications
8.11. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
8.11.1. Household
8.11.2. Food Services
8.11.3. Food & Beverage Manufacturing
8.11.4. Cosmetics & Personal Care
8.11.5. Other Applications
8.12. Drivers and Restraints: Impact Analysis
8.13. Market Attractiveness Analysis
8.13.1. By Country
8.13.2. By Form
8.13.3. By Nature
8.13.4. By End Use Application
8.14. Key Representative Market Participants
8.15. Market Presence (Intensity Map)
9. APEJ Coconut Milk Market Analysis and Forecast
9.1. Introduction
9.2. Pricing Analysis
9.3. Regional Market Dynamics
9.3.1. Drivers
9.3.2. Restraints
9.3.3. Trends
9.4. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Country (2012-2016)
9.4.1. India
9.4.2. Indonesia
9.4.3. Malaysia
9.4.4. Philippines
9.4.5. Thailand
9.4.6. Sri Lanka
9.4.7. China
9.4.8. Australia and New Zealand
9.4.9. Rest of APAC
9.5. Market Size (US$ Mn) and Volume (MT) Forecast, By Country (2017-2025)
9.5.1. India
9.5.2. Indonesia
9.5.3. Malaysia
9.5.4. Philippines
9.5.5. Thailand
9.5.6. Sri Lanka
9.5.7. China
9.5.8. Australia and New Zealand
9.5.9. Rest of APAC
9.6. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
9.6.1. Liquid
9.6.2. Powder
9.7. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
9.7.1. Liquid
9.7.2. Powder
9.8. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
9.8.1. Organic
9.8.2. Conventional
9.9. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
9.9.1. Organic
9.9.2. Conventional
9.10. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
9.10.1. Household
9.10.2. Food Services
9.10.3. Food & Beverage Manufacturing
9.10.4. Cosmetics & Personal Care
9.10.5. Other Applications
9.11. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
9.11.1. Household
9.11.2. Food Services
9.11.3. Food & Beverage Manufacturing
9.11.4. Cosmetics & Personal Care
9.11.5. Other Applications
9.12. Drivers and Restraints: Impact Analysis
9.13. Market Attractiveness Analysis
9.13.1. By Country
9.13.2. By Form
9.13.3. By Nature
9.13.4. By End Use Application
9.14. Key Representative Market Participants
9.15. Market Presence (Intensity Map)
10. MEA Coconut Milk Market Analysis and Forecast
10.1. Introduction
10.2. Pricing Analysis
10.3. Regional Market Dynamics
10.3.1. Drivers
10.3.2. Restraints
10.3.3. Trends
10.4. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Country (2012-2016)
10.4.1. GCC Countries
10.4.2. South Africa
10.4.3. North Africa
10.4.4. Rest of MEA
10.5. Market Size (US$ Mn) and Volume (MT) Forecast, By Country (2017-2025)
10.5.1. GCC Countries
10.5.2. South Africa
10.5.3. North Africa
10.5.4. Rest of MEA
10.6. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
10.6.1. Liquid
10.6.2. Powder
10.7. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
10.7.1. Liquid
10.7.2. Powder
10.8. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
10.8.1. Organic
10.8.2. Conventional
10.9. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
10.9.1. Organic
10.9.2. Conventional
10.10. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
10.10.1. Household
10.10.2. Food Services
10.10.3. Food & Beverage Manufacturing
10.10.4. Cosmetics & Personal Care
10.10.5. Other Applications
10.11. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
10.11.1. Household
10.11.2. Food Services
10.11.3. Food & Beverage Manufacturing
10.11.4. Cosmetics & Personal Care
10.11.5. Other Applications
10.12. Drivers and Restraints: Impact Analysis
10.13. Market Attractiveness Analysis
10.13.1. By Country
10.13.2. By Form
10.13.3. By Nature
10.13.4. By End Use Application
10.14. Key Representative Market Participants
10.15. Market Presence (Intensity Map)
11. Japan Coconut Milk Market Analysis and Forecast
11.1. Introduction
11.2. Regional Market Dynamics
11.2.1. Drivers
11.2.2. Restraints
11.2.3. Trends
11.3. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Form (2012-2016)
11.3.1. Liquid
11.3.2. Powder
11.4. Market Size (US$ Mn) and Volume (MT) Forecast, By Form (2017-2025)
11.4.1. Liquid
11.4.2. Powder
11.5. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By Nature (2012-2016)
11.5.1. Organic
11.5.2. Conventional
11.6. Market Size (US$ Mn) and Volume (MT) Forecast, By Nature (2017-2025)
11.6.1. Organic
11.6.2. Conventional
11.7. Historical Market Size (US$ Mn) and Volume (MT) Analysis, By End Use Application (2012-2016)
11.7.1. Household
11.7.2. Food Services
11.7.3. Food & Beverage Manufacturing
11.7.4. Cosmetics & Personal Care
11.7.5. Other Applications
11.8. Market Size (US$ Mn) and Volume (MT) Forecast, By End Use Application (2017-2025)
11.8.1. Household
11.8.2. Food Services
11.8.3. Food & Beverage Manufacturing
11.8.4. Cosmetics & Personal Care
11.8.5. Other Applications
11.9. Drivers and Restraints: Impact Analysis
11.10. Market Attractiveness Analysis
11.10.1. By Form
11.10.2. By Nature
11.10.3. By End Use Application
11.11. Key Representative Market Participants
11.12. Market Presence (Intensity Map)
12. Competition Landscape
12.1. Competition Dashboard
12.2. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
12.3. Key Players
12.3.1. Mc Cormick & co.
12.3.2. The Whitewave foods
12.3.3. Goya Foods
12.3.4. Charoen Pokphand Foods
12.3.5. Theppadungporn Agricultural Industry
12.3.6. Ducoco Ailmentos SA
12.3.7. Thai Agri Foods
12.3.8. Celebes Coconut Corporation
12.3.9. Pacific Foods of Oregon
12.3.10. GraceKennedy Group
12.3.11. Thai Coconut Public Company Limited
12.3.12. M&S Food Industries
12.3.13. The Sambu Group
12.3.14. Fresh Fruit Ingredients Inc.
12.3.15. Chef’s Choice Food Manufacturer Company Limited

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