Pune, India -- (SBWIRE) -- 04/12/2019 -- The latest report has been added to the wide database of Coconut Milk Market by Infinium Global Research. This report studies the coconut milk market by distribution channel (department stores, online retailers, super/ hyper stores and grocery), grade (thick and thin), application (Cosmetics & Personal Care, Food Services, Food & Beverage Manufacturing, Household, Bakery, Confectionery, Frozen desserts) Industry Analysis, Trends, Market Size, Forecasts up to 2023, market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. coconut milk market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the coconut milk market. The global coconut milk market is expected to grow at a CAGR of 13.5% over the forecast period of 2017 – 2023.

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Coconut Milk Market: Industry Insights

Coconut milk is derived from the grated pulp of a mature coconut. It is sweet and milky white liquid used for cooking. Its rich taste and the color are due to the high oil content mostly saturated fat and sugars. these saturated fats help in reducing cholesterol, prevents a heart attack and improve blood pressure. After the milk is extraction from the coconut it is filtered and then sent for quality check in order to obtain highly purified coconut milk. The coconut milk contains a high source of iron, manganese, and phosphorous.

Coconut Milk Market: Drivers and Restraints

Increasing awareness among consumers regarding the health benefits of coconut milk and the growing use of coconut milk in cooking is driving the demand for coconut milk market. Several health benefits offered by coconut milk are weight loss, improves digestion, promotes hair growth, boosts the immune system, prevents acne and treats sunburn. It also decreases the risk of Alzheimer's and diabetes. Further, coconut milk has diverse usage in the food and beverage industry such as beverages, ice cream, sauces, and yogurt. Coconut milk is used in cooking to enhance the taste of the food. Besides. high availability of coconut will be creating growth opportunities for producers and is fueling the growth of global coconut milk market. On the other side, high cost connected with the process of extracting coconut milk and the high cost of coconut milk as compared with others is hampering the growth of the coconut milk market.

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Coconut Milk Market: Segmentation

The global coconut milk market is divided into the distribution channel, grade, and application. Based on the distribution channel the segment is classified into department stores, online retailers, super/ hyper stores and grocery. Superstores dominated market growth. Easy availability of product and upsurge in the number of stores with key players such as Walmart is driving this segment. Based on the grade the segment is bifurcated into thick and thin. Thick type holds the largest market share. Increasing usage of coconut milk in desserts and sauces due to its solubility and suspended solids with higher fat content is boosting the market. Further, based on the application the market is separated into cosmetics & personal care, food services, food & beverage manufacturing, household, bakery, confectionery, frozen desserts, and others. Food & beverage manufacturing segment has a major share.

Coconut Milk Market: Regional Insights

In terms of geographies, Asia Pacific holds the largest market share in the coconut milk market. Growing adoption for coconut milk in this region, growing numbers of the vegetarian population, ample production of coconut and awareness regarding the health benefits of coconut milk is driving the growth for the coconut milk market in this region. Further, coconut milk is an important part of Asian cuisine as it enhances the taste.

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Coconut Milk Market: Competitive Analysis

The dominant players in the global coconut milk market are The Sambu Group, The Whitewave foods, Thai Agri Foods, GraceKennedy Group, Mc Cormick & Co, Pacific Foods of Oregon, M&S Food Industries, Goya Foods, Celebes Coconut Corporation, and Fresh Fruit Ingredients Inc.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Coconut Milk.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.