Coconut Milk Market to Reach $2.9 Billion by 2027

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Coconut Milk Market Growth

Coconut Milk Market to Reach $2.9 Billion by 2027, Driven by Rising Consumer Health Consciousness [{ "selector": ".daqrl-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-331px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".tswll-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 440px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

The global coconut milk market is expected to grow at a CAGR of 17.1% from 2023 to 2027, reaching a value of $2.9 billion by 2027 [{ "selector": ".pfgxm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 26px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

The growth of the coconut milk market is being driven by the following factors:

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* Rising consumer health consciousness: Consumers are increasingly looking for healthy and natural food products, and coconut milk is seen as a healthier alternative to dairy milk. [{ "selector": ".bbgtc-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "rotate(-580deg) scale(0.1)", "opacity": "1"}, {"offset": 1, "transform": "rotate(0deg) scale(1)", "opacity": "1"} ] }]

* Improved distribution network: Coconut milk is now more widely available than ever before, thanks to improved distribution networks. [{ "selector": ".muzzm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 26px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

* Increasing use in food and beverage industry: Coconut milk is a versatile ingredient that can be used in a variety of food and beverage products, such as smoothies, desserts, and curries.

The key players in the coconut milk market are:

Vita Coco, Goya Foods Inc., McCormick, The Coconut Company, Thai Coconut Co. Ltd., GraceKennedy Ltd., Aroy-D, Chaokoh, Koh Coconut, Kara, etc [{ "selector": ".neajr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-250px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".slqow-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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