Coconut milk and cream are great alternatives to dairy milk. Both types are rich in medium-chain fatty acids (MCFAs), which help body burn fat and boost brain power. Coconut milk and cream are available in canned and boxed varieties. These dairy-free drinks are an excellent way to replace dairy products without compromising flavor and texture. Although coconut cream is sweeter and lower in calories, it does contain the same nutrient content as coconut milk. When paired with ice cream, it lends a tropical flavor and color to any dessert. It can also be used as a garnish on ice cream. When mixed with fruit or in other tropical drinks, coconut cream is a wonderful addition.

Market Dynamics:

Growing number of vegetarian population is augmenting the coconut milk and cream market growth. Increasing incidence of lactose intolerance among population is again creating demand for plant-based protein. Moreover, advent of organically sourced coconuts is further anticipated to foster market growth.

On the other hand, Availability of alternative such as soy milk is a direct alternative to coconut milk is hindering market growth.

Key features of the study:

• This report provides in-depth analysis of the global coconut milk and cream market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global coconut milk and cream market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include McCormick & Company Inc., Danone SA, Sambu Group, Adamjee Lukmanjee & Sons (Pvt.) Ltd, Cardinal Agri Products Inc., Petrow Food Group, Axelum Resources Corp., Kapar Coconut Industries Sdn Bhd, Primex Group of Companies, Only Earth, Stancodex Sdn Bhd, Greenville Agro Corporation, Celebes Coconut Corporation, M&S Food Industries, Goya Foods Inc., and Roxas Sigma Agriventures Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global coconut milk and cream market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global coconut milk and cream market

Detailed Segmentation:

• Global Coconut Milk and Cream Market, By Category:
• • Organic
  • Conventional
• Global Coconut Milk and Cream Market, By Application:
• • Processed Food
  • Retail/Packaged Coconut Milk and Coconut Cream
  • Foodservice
• Global Coconut Milk and Cream Market, By Geography:
• • North America
  • Europe
  • Asia-Pacific
  • Rest of the World