Global Coconut Milk and Cream Powder Market Size To Exceed USD 3.88 Billion By 2033 | CAGR of 7.46%
Category: Food & BeveragesGlobal Coconut Milk and Cream Powder Market Size To Exceed USD 3.88 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Coconut Milk and Cream Powder Market Size is Expected to Grow from USD 1.89 Billion in 2023 to USD 3.88 Billion By 2033, at a CAGR of 7.46% during the Forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 222 pages with 122 Market data tables and figures & charts from the report on the "Global Coconut Milk And Cream Powder Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic and Conventional), By Application (Food and Beverages, Cosmetics and Personal Care, Nutraceuticals, and Others), By Distribution Channel (Online Stores, Supermarkets/Hypermarkets, Specialty Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/coconut-milk-and-cream-powder-market
The coconut milk and cream powder market is the international business of the manufacture, sale, and consumption of powdered coconut milk and cream. These items are produced through the dehydration of the liquid taken from coconut flesh, providing a shelf-stable and convenient option to the normal coconut milk and cream. They are employed in numerous food uses, including soups, sauces, curries, beverages, and desserts, and are well-liked in dairy-free, vegan, and plant-based diets. Moreover, coconut milk and cream powder are also found to moisturize the skin, stimulate hair growth, and impart a natural glow. Increasing consumers' demand for natural and organic cosmetic products is driving more and more people to adopt coconut-based ingredients, further boosting market growth. However, the manufacture of coconut milk and cream powder is costly because the process of extracting and drying coconut milk is labor-intensive. Raw material costs, energy usage, and high technology for dehydration also add to the cost of production. This makes the end product more costly than other substitutes, which may limit its afforability to some consumers.
The organic segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the coconut milk and cream powder market is divided into organic and conventional. Among these, the organic segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to consumers becoming increasingly health-aware and opting for more organic coconut products as they perceive that they are better for their health and contain no chemical residues. The segment of organic coconut milk and cream powder also gains from the increasing clean labeling trend where consumers prefer fewer synthetic additives and preservatives in the products.
The food and beverages segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the coconut milk and cream powder market is divided into food and beverages, cosmetics and personal care, nutraceuticals, and others. Among these, the food and beverages segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to the increasing popularity of plant-based drinks such as dairy-free coconut milk beverages, smoothies, and lattes has increased the demand for coconut milk powder. These drinks are increasingly becoming a mainstream alternative in coffee shops, supermarkets, and convenience stores, thus driving the food and beverage segment's growth.
The supermarkets/hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the coconut milk and cream powder market is divided into online stores, supermarkets/hypermarkets, specialty stores, and others. Among these, the supermarkets/hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven due to supermarkets and hypermarkets usually carrying reputable brands of coconut milk and cream powder, generating consumer confidence. These outlets frequently have promotions, discounts, or bulk purchases, reducing the prices of coconut milk and cream powder for consumers. These further push consumer preference for supermarkets and hypermarkets.
Asia Pacific is expected to hold the majority share of the global coconut milk and cream powder market during the forecast period.
Get more details on this report -
Asia Pacific is expected to hold the majority share of the global coconut milk and cream powder market during the forecast period. As increasingly more consumers in nations such as India, Australia, and Japan consume plant-based and vegan diets, there has been a shift toward dairy alternatives that is pushing the demand for coconut-based foods. Coconut milk and cream powders are very well placed in these diets as non-dairy, lactose-free, and vegan choices.
North America is anticipated to grow at the fastest pace in the global coconut milk and cream powder market during the forecast period. North American consumers have a strong emphasis on health and wellness, with consumers looking for alternatives to conventional dairy due to issues related to cholesterol, lactose intolerance, and sustainability. Coconut products, such as milk and cream powder, are generally marketed as a healthier alternative and thus widely consumed.
Major vendors in the global coconut milk and cream powder market are Nestlé S.A., Danone S.A., GraceKennedy Group, McCormick & Company, Inc., Goya Foods, Inc., The WhiteWave Foods Company, Celebes Coconut Corporation, Thai Agri Foods Public Co., Ltd., Sambu Group, Pacific Foods of Oregon, LLC, M&S Food Industries, Hain Celestial Group, Inc., Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2025, Califia Farms introduced a new range of dairy-free drinks known as Creamy Refreshers, in flavors such as Strawberry Creme, Key Lime Colada, Piña Colada, and Orange Creme. These coconut-based beverages are made by mixing coconut cream with real fruit juice, providing a lower-sugar, plant-based alternative to the usual creamy drinks.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the coconut milk and cream powder market based on the below-mentioned segments:
Global Coconut Milk and Cream Powder Market, By Product Type
- Organic
- Conventional
Global Coconut Milk and Cream Powder Market, By Application
- Food and Beverages
- Cosmetics and Personal Care
- Nutraceuticals
- Others
Global Coconut Milk and Cream Powder Market, By Distribution Channel
- Online Stores
- Supermarkets/Hypermarkets
- Specialty Stores
- Others
Global Coconut Milk and Cream Powder Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?