The global Packaged Coconut Milk Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Conventional, Organic), By Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Online retail, Others)
In 2024, the market for packaged coconut milk reflects a growing consumer interest in plant-based alternatives to dairy products and a desire for natural, nutritious beverage options. Coconut milk, made from the grated flesh of mature coconuts, is a versatile ingredient used in various cuisines worldwide, prized for its rich texture and subtle sweetness. Packaged coconut milk offers convenience and shelf-stability, allowing consumers to enjoy the benefits of coconut milk without the hassle of extracting it from fresh coconuts. These products come in various forms, including canned, carton, and powdered formats, catering to different culinary needs and preferences. With rising concerns about lactose intolerance, dairy allergies, and environmental sustainability, packaged coconut milk has gained popularity as a dairy-free alternative for cooking, baking, and beverage consumption. Moreover, coconut milk is naturally rich in vitamins, minerals, and healthy fats, making it a nutritious addition to a balanced diet. As demand for plant-based foods continues to grow, driven by health, environmental, and ethical considerations, the market for packaged coconut milk is expected to expand, offering consumers a delicious and sustainable choice for their culinary needs.
The market report analyses the leading companies in the industry including Ahya Coco Organic Food Manufacturing Corp, Campbell Soup Co., Coconut-Palm Group Ltd, Danone SA, Edward and Sons Trading Co., Goya Foods Inc, Heng Guan Food Industrial Pte Ltd, Istore Direct Trading Pvt. Ltd, McCormick and Co. Inc, Merit Food Products Co. Ltd, Nestle SA, PureHarvest, Thai Agri Foods Public Co. Ltd, Thai Coconut-Public Co. Ltd, The Coconut-Co. UK Ltd, The Vita Coco Co. Inc, Theppadungporn Coconut-Co. Ltd, and Others.
The market for packaged coconut milk is witnessing a significant surge owing to the growing preference for plant-based alternatives. Consumers are increasingly seeking dairy-free options due to health concerns, environmental awareness, and dietary restrictions. This shift is fueled by a rising vegan population, lactose intolerance awareness, and a general inclination towards healthier lifestyles. As a result, packaged coconut milk is gaining popularity not only among vegans and vegetarians but also among health-conscious consumers looking for versatile and nutritious dairy alternatives. This trend is likely to continue as consumers become more mindful of their dietary choices and seek sustainable and ethical products.
One of the primary drivers propelling the packaged coconut milk market is the increasing emphasis on health and wellness among consumers. Coconut milk is perceived as a healthier alternative to traditional dairy milk due to its rich nutritional profile, including vitamins, minerals, and medium-chain triglycerides (MCTs). Moreover, coconut milk is naturally lactose-free, making it suitable for individuals with lactose intolerance. The rising prevalence of health issues such as obesity, heart disease, and digestive disorders has prompted consumers to opt for healthier beverage options, thereby driving the demand for packaged coconut milk. Manufacturers are capitalizing on this trend by introducing innovative coconut milk products fortified with additional nutrients, flavors, and functional ingredients to cater to specific health needs, further driving market growth.
An emerging opportunity in the packaged coconut milk market lies in the expansion of functional and specialty products. With consumers increasingly seeking beverages that offer additional health benefits beyond basic nutrition, there is a growing demand for fortified coconut milk products enriched with vitamins, minerals, antioxidants, and other functional ingredients. Manufacturers can capitalize on this trend by innovating and introducing specialty coconut milk variants targeting specific consumer segments, such as athletes, fitness enthusiasts, and individuals with specific dietary requirements. Furthermore, there is potential for product differentiation through the introduction of flavored coconut milk varieties, including chocolate, vanilla, and fruit-infused options, to cater to diverse taste preferences and enhance consumer appeal. By leveraging these opportunities, companies can not only differentiate their offerings but also tap into new consumer segments and drive market expansion.
In the Packaged Coconut Milk Market segmented by product type, the Conventional Coconut Milk is the largest segment. This dominance can be attributed to several factors. Firstly, conventional coconut milk has been traditionally favored for its affordability and widespread availability across various retail channels. While organic coconut milk appeals to health-conscious consumers, the conventional variant caters to a broader demographic, including price-sensitive consumers. Additionally, conventional coconut milk is often preferred for its familiar taste and texture, making it a staple ingredient in many culinary dishes worldwide. Further, the established supply chain and production infrastructure for conventional coconut milk contribute to its widespread distribution and market penetration. As a result, the conventional segment maintains a significant share of the Packaged Coconut Milk Market, catering to diverse consumer preferences and culinary applications.
In the Packaged Coconut Milk Market segmented by distribution channels, the Online Retail category is the fastest-growing segment. The robust growth outlook is driven by the evolving consumer shopping habits and the increasing popularity of e-commerce platforms. With the convenience of shopping from anywhere and anytime, coupled with a wide array of product choices, consumers are increasingly opting to purchase coconut milk online. Furthermore, online retailers often offer competitive prices, attractive discounts, and doorstep delivery options, making them a preferred choice for consumers seeking convenience and value. The COVID-19 pandemic has accelerated the shift towards online shopping, as lockdowns and social distancing measures compelled consumers to rely more on digital channels for their shopping needs. As a result, the online retail segment has experienced rapid growth, capturing a larger share of the Packaged Coconut Milk Market. With the ongoing digitalization of retail and the continuous expansion of e-commerce platforms, the online retail segment is expected to sustain its momentum and solidify its position as a dominant distribution channel for coconut milk.
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Ahya Coco Organic Food Manufacturing Corp
Campbell Soup Co.
Coconut-Palm Group Ltd
Danone SA
Edward and Sons Trading Co.
Goya Foods Inc
Heng Guan Food Industrial Pte Ltd
Istore Direct Trading Pvt. Ltd
McCormick and Co. Inc
Merit Food Products Co. Ltd
Nestle SA
PureHarvest
Thai Agri Foods Public Co. Ltd
Thai Coconut-Public Co. Ltd
The Coconut-Co. UK Ltd
The Vita Coco Co. Inc
Theppadungporn Coconut-Co. Ltd
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Packaged Coconut Milk Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Packaged Coconut Milk Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Packaged Coconut Milk Market Share by Company, 2023
4.1.2. Product Offerings of Leading Packaged Coconut Milk Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Packaged Coconut Milk Market Drivers
6.2. Packaged Coconut Milk Market Challenges
6.6. Packaged Coconut Milk Market Opportunities
6.4. Packaged Coconut Milk Market Trends
Chapter 7. Global Packaged Coconut Milk Market Outlook Trends
7.1. Global Packaged Coconut Milk Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Packaged Coconut Milk Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Packaged Coconut Milk Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Chapter 8. Global Packaged Coconut Milk Regional Analysis and Outlook
8.1. Global Packaged Coconut Milk Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Packaged Coconut Milk Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Packaged Coconut Milk Regional Analysis and Outlook
8.2.2. Canada Packaged Coconut Milk Regional Analysis and Outlook
8.2.3. Mexico Packaged Coconut Milk Regional Analysis and Outlook
8.3. Europe Packaged Coconut Milk Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Packaged Coconut Milk Regional Analysis and Outlook
8.3.2. France Packaged Coconut Milk Regional Analysis and Outlook
8.3.3. United Kingdom Packaged Coconut Milk Regional Analysis and Outlook
8.3.4. Spain Packaged Coconut Milk Regional Analysis and Outlook
8.3.5. Italy Packaged Coconut Milk Regional Analysis and Outlook
8.3.6. Russia Packaged Coconut Milk Regional Analysis and Outlook
8.3.7. Rest of Europe Packaged Coconut Milk Regional Analysis and Outlook
8.4. Asia Pacific Packaged Coconut Milk Revenue (USD Million) by Country (2021-2032)
8.4.1. China Packaged Coconut Milk Regional Analysis and Outlook
8.4.2. Japan Packaged Coconut Milk Regional Analysis and Outlook
8.4.3. India Packaged Coconut Milk Regional Analysis and Outlook
8.4.4. South Korea Packaged Coconut Milk Regional Analysis and Outlook
8.4.5. Australia Packaged Coconut Milk Regional Analysis and Outlook
8.4.6. South East Asia Packaged Coconut Milk Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Packaged Coconut Milk Regional Analysis and Outlook
8.5. South America Packaged Coconut Milk Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Packaged Coconut Milk Regional Analysis and Outlook
8.5.2. Argentina Packaged Coconut Milk Regional Analysis and Outlook
8.5.3. Rest of South America Packaged Coconut Milk Regional Analysis and Outlook
8.6. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Packaged Coconut Milk Regional Analysis and Outlook
8.6.2. Africa Packaged Coconut Milk Regional Analysis and Outlook
Chapter 9. North America Packaged Coconut Milk Analysis and Outlook
9.1. North America Packaged Coconut Milk Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Packaged Coconut Milk Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Packaged Coconut Milk Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Packaged Coconut Milk Revenue (USD Million) by Product (2021-2032)
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Chapter 10. Europe Packaged Coconut Milk Analysis and Outlook
10.1. Europe Packaged Coconut Milk Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Packaged Coconut Milk Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Packaged Coconut Milk Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Packaged Coconut Milk Revenue (USD Million) by Product (2021-2032)
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Chapter 11. Asia Pacific Packaged Coconut Milk Analysis and Outlook
11.1. Asia Pacific Packaged Coconut Milk Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Packaged Coconut Milk Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Packaged Coconut Milk Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Packaged Coconut Milk Revenue (USD Million) by Product (2021-2032)
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Chapter 12. South America Packaged Coconut Milk Analysis and Outlook
12.1. South America Packaged Coconut Milk Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Packaged Coconut Milk Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Packaged Coconut Milk Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Packaged Coconut Milk Revenue (USD Million) by Product (2021-2032)
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Chapter 13. Middle East and Africa Packaged Coconut Milk Analysis and Outlook
13.1. Middle East and Africa Packaged Coconut Milk Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) by Product (2021-2032)
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Chapter 14. Packaged Coconut Milk Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
Ahya Coco Organic Food Manufacturing Corp
Campbell Soup Co.
Coconut-Palm Group Ltd
Danone SA
Edward and Sons Trading Co.
Goya Foods Inc
Heng Guan Food Industrial Pte Ltd
Istore Direct Trading Pvt. Ltd
McCormick and Co. Inc
Merit Food Products Co. Ltd
Nestle SA
PureHarvest
Thai Agri Foods Public Co. Ltd
Thai Coconut-Public Co. Ltd
The Coconut-Co. UK Ltd
The Vita Coco Co. Inc
Theppadungporn Coconut-Co. Ltd
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Packaged Coconut Milk Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Packaged Coconut Milk Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Packaged Coconut Milk Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Packaged Coconut Milk Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Packaged Coconut Milk Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Packaged Coconut Milk Market Share (%) By Regions (2021-2032)
Table 12 North America Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Table 15 South America Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Region (2021-2032)
Table 17 North America Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Table 18 North America Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Table 19 North America Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Table 26 South America Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Table 27 South America Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Table 28 South America Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Packaged Coconut Milk Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Packaged Coconut Milk Market Share (%) By Regions (2023)
Figure 6. North America Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 12. France Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 12. China Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 14. India Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Packaged Coconut Milk Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Packaged Coconut Milk Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Packaged Coconut Milk Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Packaged Coconut Milk Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Packaged Coconut Milk Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Packaged Coconut Milk Revenue (USD Million) By Product (2021-2032)
By Product
Conventional
Organic
By Distribution Channel
Supermarkets/Hypermarkets
Convenience stores
Online retail
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Packaged Coconut Milk Market Size is valued at $1.45 Billion in 2024 and is forecast to register a growth rate (CAGR) of 11.8% to reach $3.5 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Ahya Coco Organic Food Manufacturing Corp, Campbell Soup Co., Coconut-Palm Group Ltd, Danone SA, Edward and Sons Trading Co., Goya Foods Inc, Heng Guan Food Industrial Pte Ltd, Istore Direct Trading Pvt. Ltd, McCormick and Co. Inc, Merit Food Products Co. Ltd, Nestle SA, PureHarvest, Thai Agri Foods Public Co. Ltd, Thai Coconut-Public Co. Ltd, The Coconut-Co. UK Ltd, The Vita Coco Co. Inc, Theppadungporn Coconut-Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume