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
For More Detailed Insights on Coconut Milk Products Market
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.
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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Expert analysis, actionable insights, and strategic recommendations – the Food & Beverages team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Food & Beverages division of FMI
Expert analysis, actionable insights, and strategic recommendations - the Food & Beverages team at FMI helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 100+ countries for over a decade. The team provides end-to-end research of the global food & beverage market and consulting services; know how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.