Coconut Milk Market Size, Share, Opportunities, And Trends By Nature (Organic, Conventional), By Form (Liquid, Powder), By Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Speciality Merchant, Online Retails, Others), And By Geography - Forecasts From 2025 To 2030

Coconut Milk Market Size:

The Coconut Milk Market is expected to grow from US$1,518.319 million in 2025 to US$2,005.703 million in 2030, at a CAGR of 5.73%.

Coconut milk is a milk-like white and opaque liquid made from the grated pulp of ripe coconuts. Coconut milk's opacity and rich flavor are due to its saturated fat in the form of high oil content.

Coconut Milk Market Drivers:

• The coconut milk market is expected to grow with the rising demand for plant-based products around the world.

Consumers are increasingly gravitating toward plant-based products, as they are healthier and safer than animal-based products. People worldwide are following vegan diets owing to the rising awareness among people and shifting lifestyles. As a result, companies use plant-based milk in various pastry and confectionery products. The Scottish Government stated in February 2021 that plant-based milk replacements would soon be available in a government-funded early learning milk initiative and nursery. Veganism has become more popular as people have become more concerned about animals and the environment. The worldwide demand for coconut milk is attributable to the growth of natural food products and consumer preference for a vegan diet.

• Adoption of coconut milk in several food recipes due to the rising prevalence of lactose intolerance.

Lactose intolerance has become a major concern in the food and beverage sector, increasing lactose-free milk consumption globally. Lactase is absent in plant-based milk, which does not cause allergic reactions. The Plant-Based Foods Association stated that plant-based milk sales increased by 5% in 2020 in the United States compared to 2019. Companies are also taking advantage of this opportunity to introduce new products to the market.

Coconut Milk Market Restraints:

Due to the difficulty of scaling up coconut tree production, manufacturing is expected to be sluggish in the projected period. Coconut farming is mostly dependent on climatic circumstances. Global climatic conditions are changing rapidly due to pollution and the greenhouse gas effect. As a result, the coconut milk market's growth may be hampered in the near future by frequent adverse weather conditions, especially in Asian countries. Hence, producers must rely on creative solutions to make the most of the present supply and profit from the spike in demand.

Coconut Milk Market Segments:

• By nature, the coconut milk market can be segmented into conventional and organic categories.

The conventional sector dominates the coconut milk market. However, the demand for the organic sector is increasing due to the growing popularity of pesticide-free and chemical-free clean-label products globally.

• By form, the coconut milk market can be segmented into powder and liquid categories.

Owing to wide incorporation in drinks due to easier availability, the liquid segment is expected to hold the largest market share. However, the powder segment is gaining traction due to ease of storing and extended shelf-life.

• By distribution channels, the coconut milk market can be segmented into hypermarkets and supermarkets, online retail, convenience stores, specialty merchants, and others.

Supermarkets and hypermarkets account for a sizable portion of the market and are expected to rise over the projected period owing to the global expansion of the organized retail sector. Convenience stores have acquired a substantial share in the market.

• By geography, the coconut milk market can be segmented into these five regions, Asia Pacific, North America, South America, the Middle East and Africa, and Europe. 

The trade operations of plant-based products between major Asian countries have increased significantly, leading the Asia Pacific region to dominate the market. Indonesia, Thailand, Sri Lanka, and the Philippines are the top exporters of coconut-based products. Europe, on the other hand, is expected to develop rapidly, owing to the growing use of this milk in a variety of pastry products such as cookies, cakes, and pies.

Coconut Milk Market Scope:

Report Metric	Details
Coconut Milk Market Size in 2025	US$18.153 billion
Coconut Milk Market Size in 2030	US$50.433 billion
Growth Rate	CAGR of 22.67%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Nature Form Distribution Channel Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Coconut Milk Market	Danone S.A. Nestle S.A. Dabur India Ltd. Cocomi Bio Organic The Coconut Company Ltd.
Customization Scope	Free report customization with purchase

 

Market Segments

• By Nature
  • Organic
  • Conventional
• By Form
  • Liquid
  • Powder
• By Distribution Channel
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Speciality merchant
  • Online Retails
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. COCONUT MILK MARKET, BY NATURE
5.1. Introduction
5.2. Organic
5.3. Conventional

6. COCONUT MILK MARKET, BY FORM 
6.1. Introduction
6.2. Liquid
6.3. Powder

7. COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Hypermarkets and Supermarkets
7.3. Convenience Stores
7.4. Speciality merchant
7.5. Online Retails
7.6. Others

8. COCONUT MILK MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom 
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. Israel
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Taiwan 
8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES 
10.1. Danone S.A. 
10.2. Nestle S.A. 
10.3. Dabur India Ltd. 
10.4. Cocomi Bio Organic 
10.5. The Coconut Company Ltd. 
10.6. Thai Coconut Public Company Ltd. 
10.7. Pt. Sari Segar Husada 
10.8. Celebes Coconut Corporation 
10.9. Merit Food Products Co., Ltd. 
10.10. GraceKennedy (Belize)

Danone S.A.

Nestle S.A.

Dabur India Ltd.

Cocomi Bio Organic

The Coconut Company Ltd.

Thai Coconut Public Company Ltd.

Pt. Sari Segar Husada

Celebes Coconut Corporation

Merit Food Products Co., Ltd.

GraceKennedy (Belize)