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

Global Coconut Milk and Cream Powder Market Insights Forecasts to 2033

• The Global Coconut Milk and Cream Powder Market Size Was Estimated at USD 1.89 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 7.46% from 2023 to 2033
• The Worldwide Coconut Milk and Cream Powder Market Size is Expected to Reach USD 3.88 Billion by 2033
• North America is expected to grow the fastest during the forecast period.

The Global Coconut Milk and Cream Powder Market Size Was Worth around USD 1.89 Billion in 2023 and is predicted to Grow to around USD 3.88 Billion by 2033 with a compound annual growth rate (CAGR) of 7.46% between 2023 and 2033. The coconut milk and cream powder market is fueled by growing consumer demand for dairy-free and plant-based alternatives, rising health awareness, and the trend towards vegan, vegetarian, and gluten-free diets. Convenience, longer shelf life, and increasing food product offerings are also drivers of market growth.

Market Overview

The coconut milk and cream powder industry is the business and use of dehydrated coconut milk and cream products, which are manufactured by evaporating the liquid obtained from coconut flesh. They are shelf-stable, convenient substitutes for fresh coconut milk and cream, extensively utilized in baking, cooking, dairy-free drinks, and other food uses. They provide advantages like longer shelf life, simplicity of storage, and flexibility of use, keeping pace with increasing demand for dairy-free, vegan, and plant-based products. Additionally, coconut milk and cream powders contain high levels of essential nutrients and antioxidants, strengthening the immune system and overall wellness. The escalating incidence of lactose intolerance and the increasing vegan population also boost the demand for these plant-based products. With more and more consumers turning to veganism and lactose-free eating, demand for coconut products just keeps on rising, fueling further growth in the market. The use of coconut milk is limited to no longer just Asian and Caribbean cuisine alone, getting itself incorporated into revolutionary recipes designed to meet the increasing demand for plant-based and dairy-free foods. Since consumers continue to seek out international flavors, culinary coconut milk is a great way for foodies to venture out and discover new tastes and textures, thus becoming a mainstay in modern cooking procedures.

Report Coverage

This research report categorizes the coconut milk and cream powder market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the coconut milk and cream powder market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the coconut milk and cream powder market.

Driving Factors

Coconut products have become well accepted for their associated health benefits like healthy fats, vitamins, and antioxidants. Coconut milk and cream powder contain low cholesterol with heart-healthy characteristics, earning it a desirable position among healthy consumers. These products are dairy-free, gluten-free, and soy-free as well, enhancing their appeal toward consumers with specific dietary needs governing the demand for coconut milk and cream powder market. Additionally, the growing consumption of plant-based drinks such as coconut milk-based beverages, smoothies, and coffee substitutes has driven demand for coconut milk and cream powder. Such products are increasingly becoming popular among health-aware consumers as well as consumers looking for dairy-free products, thereby augmenting demand for coconut milk and cream powder in the beverage segment further pushing its demand.

Restraining Factors

The production of coconut milk and cream powder is costly as the process of extraction and drying of coconut milk is labor-intensive. The raw material cost, energy usage, and high-tech dehydration equipment add to the cost of production. This makes the end product pricier than others, making it out of reach for some consumers. Moreover, coconut trees are also very vulnerable to natural environmental conditions like droughts, floods, and insects. Global warming and other climate change conditions may cause coconut production yields to be affected, leading to the supply of raw materials required for production, thus causing increased prices or unavailability of coconut milk and cream powder.

Market Segmentation

The coconut milk and cream powder market share is classified into product type, application, and distribution channel.

• 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 organic coconut milk and cream powder tend to be promoted as a cleaner, healthier choice compared to traditional varieties. As health concerns over the possible harmful impacts of man-made chemicals used in food preparation escalate, consumers look for products that are more nutritious and safer for their well-being and that of the environment.

• 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 coconut milk and cream being key ingredients in many dishes, especially in Southeast Asian, South Asian, and tropical cuisines. They are utilized in soups, curries, sauces, desserts, and drinks. The rich flavor profile and versatility of coconut milk and cream render them extremely popular in-home cooking as well as food service operations.

• 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 consumers who tend to shop for their weekly or daily grocery requirements at supermarkets and hypermarkets. These outlets serve as one-stop shops where clients can purchase an extensive variety of coconut-based food products, like coconut milk powder and cream, along with other foods.

Regional Segment Analysis of the Coconut Milk and Cream Powder Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the coconut milk and cream powder market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the coconut milk and cream powder market over the predicted timeframe. Coconut products such as coconut milk and cream are common in most Southeast Asian, South Asian, and Pacific Island nations. Coconut use in food and drinks naturally promotes the use of coconut milk and cream powder as convenient, shelf-stable substitutes for these commonly used ingredients.

North America is expected to grow at a rapid CAGR in the coconut milk and cream powder market during the forecast period. The increase in the popularity of gluten-free, vegan, and vegetarian diets in North America has contributed directly to the demand for coconut cream powder and coconut milk. Coconut cream powder and coconut milk are regular ingredients used in dairy-free and gluten-free foods, especially in baked products, beverages, and ready-to-eat meals.

Competitive Analysis:                                                  

The report offers the appropriate analysis of the key organizations/companies involved within the coconut milk and cream powder market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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) 

Recent Development

• In March 2025, Califia Farms introduced a new dairy-free drink line, Creamy Refreshers, in such flavors as Strawberry Creme, Key Lime Colada, Piña Colada, and Orange Creme. These coconut milk-based refreshments blend coconut cream with actual fruit juice for a lower-sugar, plant-based substitute to traditional creamy beverages.

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