Coconut Milk Market Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast to 2028

The global coconut milk market is estimated to be valued at $3,051.40 million by 2028, surging from $1,027.50 million in 2020, at a noteworthy CAGR of 14.60%.

Impact Analysis of COVID-19 on the Coconut Milk Market

The global market for coconut milk is estimated to experience a low growth amid the COVID-19 pandemic. This low growth is the result of disruption in coconut supplies due to limited transportation of raw materials along with high prices. Moreover, manufacturers of coconut products were unable to continue their manufacturing processes because of unavailability of coconuts. All such factors across the globe have hit the supply chain and it is impacting the businesses and workers engaged in it.

How COVID-19 Pandemic Impact on Coconut Milk Market? Click Here to Connect with our Expert Analyst@ https://www.researchdive.com/connect-to-analyst/4137

Global Coconut Milk Market Analysis

The enormous growth of the global coconut milk market is mainly attributed to increasing prevalence of Asian cuisine around the globe, as Asian cuisine uses large amount of coconut milk in various recipes. Moreover, rising adoption of vegan diets and growing trends of plant-based milks are some of the aspects that drive the market growth. These types of factors are fueling the market growth.

Disadvantages associated with coconut milk such as allergies along with its high cost may create a negative impact on the market during the forecast period.

The increasing preferences towards the plant-based beverages may create huge opportunities for the market in the future. Now-a-days people are adopting foods that are plant-based and healthy. Moreover, coconut milk has various advantages such as it prevents heart diseases, balances electrolytes, strengthens the immune system, and several other benefits. These are some of the elements that may further lead to lucrative market opportunities in the market in the upcoming years.

Global Coconut Milk Market, Segmentation

The global coconut milk market is segmented based on packaging type, distribution channel, and region.

Packaging Type:

The packaging type segment is further classified into tetra packs, plastic bottles, and cans. Among these, the tetra packs type sub-segment is anticipated to have the fastest growth as well as dominant share and surpass $1,885.30 million by 2028, with an increase from $611.2 million in 2020.

The market growth can be attributed to increasing demand for tetra packs due to its health benefits such as they are safe and provide long shelf life, creating a positive impact on the sub-segment throughout the forecast period.

Access to the Full Report of Coconut Milk Market - Started at $2999 (Read-Only)

Distribution Channel:

The distribution channel segment is further divided into direct distribution and retail distribution. The retail distribution sub-segment is anticipated to be the dominating sub-segment in the global market and register a revenue of $1,864.10 million during the analysis timeframe.

The growth of retail distribution sub-segment is owing to its growing popularity among people due to freedom of selection from any category of products and due to the availability of huge discounts on products under the same roof. These aspects may aid in the generation of a lucrative revenue for the market throughout the forecast period.

Region:

The coconut milk market for the Asia-Pacific region is projected to witness dominant share and fastest growth as well. This market generated a revenue of $417.2 million in 2020 and is further projected to reach up to $1,290.70 million by 2028.

The demand for coconut milk is surging in the Asia-Pacific region specifically because of factors such as increasing advancements in technologies along with increasing prevalence of plant-based milk products.

Get | Download an PDF Sample of Coconut Milk Market@ https://www.researchdive.com/download-sample/4137

Key Players in the Global Coconut Milk Market

Some of the leading global coconut milk market players are

Dabur India Ltd
Goya Foods Inc.
McCormick & Company Inc.
Celebes Coconut Corp.
Vita Coco
Thai Agri Foods Public Co. Ltd
Danone SA
Pureharvest
Thai Coconut Public Company
Cocomi Bio Organic.

Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the upsurge of the collaborative robots or cobots .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...

Intraoperative Neuromonitoring Market Revenue to Record Stellar Growth Rate

According to Intraoperative Neuromonitoring Market Analysis by Research Dive, the global market forecast will be $3,413.0 million by the end of 2026 , at a 4.5% CAGR , growing from $2,400.0 million in the end of 2018 . Intraoperative Neuromonitoring Market Drivers: Growing aged populace globally, along with increasing occurrence of chronic illnesses, are the major driving aspects for the intraoperative neuromonitoring market growth. Furthermore, intraoperative monitoring is an important process that assists in risk management throughout complex surgeries. This factor is projected to propel the market size in the coming years. Furthermore, rising trend of medical tourism along with growing investments for healthcare infrastructure in developing economies are projected to create significant revenue generating opportunities in the global market. Nevertheless, shortage of trained workforce for the control and maintenance of intraoperative neur...

2-ethylhexyl Caprate Market to Incur Meteoric Growth During 2018-2026

Introduction: 2-Ethylhexyl Caprate Market 2-ethylhexyl caprate , also known as 2-ethylhexyl decanoate, is an organic chemical compound with the molecular formula C18H32O2. In the manufacturing of 2-ethylhexyl caprate, ethyl reacts with hexyl in the presence of caproic acid as a catalyst to form 2-ethylhexyl caproic acid, which on further treatment with esterification process forms a mixture of 2-ethylhexyl caprate crude. This mixture of 2-ethylhexyl caprate crude is distilled to obtain pure 2-ethylhexyl caprate. 2-ethylhexyl caprate finds several applications in chemical, pharmaceutical and textile industries as a reagent, catalyst and excipient. Along with this, 2-ethylhexyl caprate is used in the manufacturing of elastomers and coatings. On the basis of safety, 2-ethylhexyl caprate is the least harmful in the available caprate group and has low vapor pressure, which can reduce hazards while handling as compared to other caprates, such as ethylhexyl palmitate and oth...

Industrial Research World

Search This Blog