Coconut Milk Market to Reach $2.9 Billion by 2027, Driven by Rising Consumer Health Consciousness
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
* 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.
* Improved distribution network: Coconut milk is now more widely available than ever before, thanks to improved distribution networks.
* 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.
Vita Coco, Goya Foods Inc., McCormick, The Coconut Company, Thai Coconut Co. Ltd., GraceKennedy Ltd., Aroy-D, Chaokoh, Koh Coconut, Kara, etc
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