Coconut Milk Products Market to Rear Excessive Growth During 2029

Posted by ankush Nikam on November 18th, 2019

Global consumption of coconut milk products is set to account for a market value of US$ 880 Mn by 2019 end. The increase in demand for coconut milk products is primarily driven by increasing awareness about their health benefits, which is further complemented by increasing availability in retail.

Recording steadfast sales, refrigerated coconut milk will continue to top charts in terms of consumer preferences. Coconut powder is also projected to hold a sizeable revenue share in global coconut milk powder market, attributing to its lasting shelf-life and convenient transport.

Key Takeaways - Coconut Milk Products Market

  • Coconut milk products give an exotic aroma that is naturally rich and improve the flavor of food products. Coconut dairy products are accessible in powdered form, providing added advantages in terms of storage, transportation, and shelf life.
  • Demand for organic coconut milk products is projected to increase at a greater pace due to increased health awareness and altering customer preferences.
  • Coconut milk products constitute a traditional food component. It is also used in several parts of in Oceania, East Africa, Southeast Asia and South Asia. These markets will thus remain lucrative for key players in the foreseeable future. 

A substantial consumption volume in coconut milk products market in accounted by F&B processors. It has become critically imperative for food processors to maintain product quality with enhanced nutritive profile. Use of coconut milk products is thus perceived as a suitable option which would be a strong booster to sales in future. Bakery sector is particularly projected to record significant consumption of coconut milk products in an effort to enhance taste and flavor. 

Customer Retention through Production Transparency

Emergence of smart labels that helps consumers monitor products’ journey has been an important factor shaping the market recently. Consumers are now requesting food businesses to make their products more transparent, going beyond free status, ingredients, and dietary concentrations. Buyers are demanding to know the product context – where and how the components were sourced, what processing has been done, and when end products were actually manufactured.

For More Detailed Insights on Coconut Milk Products Market

Know More About Report

This study by FMI offers insights into the coconut milk products market for the forecast period between 2019 and 2029. The study divulges compelling insights on coconut milk products market on the basis of type and nature, flavor, end use, sales channel, and region. source, product type, category, distribution channel and region.

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ankush Nikam

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ankush Nikam
Joined: December 21st, 2016
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