Coconut Milk Market, By Form (Liquid and Powder), By Application (Food & Beverages, Cosmetics & Personal Care, and Others), By Source (Organic and Conventional), By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028
Asia Pacific held the largest market share in the global coconut milk market in 2017, and is projected to be the dominant region over the forecast period, owing to abundant production of coconut and widespread uses of coconut milk in various cuisines is popular in Asian countries. For instance, according to Food and Agricultural Organization (FAO), Asia accounted for 82.6% of the global coconut production in 2016.