The global Coconut Milk Market was worth USD 1.1 billion in 2019 and is expected to reach USD 2.9 billion by 2027, growing at a CAGR of 17.1% over the forecast period.

Coconut Milk Market 

Coconut flesh is packed with fiber, vitamins E, C, B1, B3, B5, and B6, as well as minerals including iron, sodium, calcium, magnesium, selenium, and phosphorus.

Furthermore, Coconut Milk Market products have several health benefits, including improved cardiovascular health, reduced digestive issues, and weight loss.

Coconut water has a cardio-protective impact, improves kidney health, helps with diabetic control, rehydrates after exercise, and helps to keep blood pressure in check.

The global coconut milk powder market is growing due to rising health awareness and the benefits of coconut products.

Organic coconut milk powder is predicted to have a substantial market share over the projection period among source kinds.

This is due to an increase in demand for organic coconut milk powder, which is attributed to the lack of chemicals utilized throughout the supply chain.

Organic food sales climbed by 6.4 percent in 2017 compared to 2016, reaching US$ 45.2 billion, according to the Organic Trade Association.

As a result, the benefits provided by organic coconut milk powder are likely to propel the organic segment of the market forward throughout the forecast period.

However, the market's expansion is hampered by the shifting pricing of coconut and related components.

Coconut milk powder prices are mostly determined by the source of the coconut and shipping costs.

Natural disasters affect the prices of coconut oil by causing damage to plantations.

According to the World Bank, global coconut prices were US$ 939.47 per metric tonne in 2013, rising to US$ 1103.51 per metric tonne in 2015 and US$ 1000.72 per metric tonne in 2018.

This is due to the price of coconut oil varying due to demand and supply, as well as the demand and supply of other vegetable oils such as palm oil and soy oil.
The global coconut milk powder market was worth US$ 25.3 million in 2018 and is predicted to grow at a CAGR of 2.2 percent in terms of revenue from 2019 to 2027, reaching US$ 30.8 million.

The Coconut Company (UK) Ltd., Tirumala Food Industries, Enature Organic Products, Ayam Sarl, Nestlé S.A., Renuka Foods PLC, S & P Industries Sdn Bhd, Shriram Coconut Products Limited, Star Heritage Products, and Pulau Sambu Singapore Pte Ltd are among the major players in the global coconut milk powder market.