Coconut Milk and Coconut Milk Derivative Market
Coconut Milk and Coconut Milk Derivative Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Coconut Milk and Coconut Milk Derivative Market Size and Growth
The Coconut Milk and Coconut Milk Derivative market is witnessing significant growth, driven by increasing demand for plant-based alternatives. As of 2023, the global market size is valued at approximately $1.5 billion, with projections indicating continued expansion due to rising health consciousness and vegan dietary trends across diverse consumer demographics.
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Companies Covered
(Covid 19 Impact Covered)
◍ McCormick & Company Inc.
◍ Goya Foods
◍ Dabur India Ltd.
◍ Ducoco
◍ Vita Coco
◍ Celebes Coconut Corporation
◍ Thai AGri Foods Public Co. Ltd.
◍ The Hain Celestial Group
◍ Heng Guan Food Industrial Pte Ltd.
◍ ThaiCoconut
The coconut milk market features key players like McCormick & Company, Goya Foods, and Vita Coco, utilizing coconut milk for various food products. Companies innovate with derivatives, expanding product lines. Their efforts enhance market growth through diversification, quality, and increased consumer awareness.
- McCormick & Company: $6.5 billion revenue.
- Goya Foods: Estimated $1.5 billion revenue.
- Dabur India Ltd.: $1.2 billion revenue.
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Market Segmentation
By Application
Food Retail
Food Service
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By Product
Bottles
Cans
Pouches
Others
$ 292.00 Million
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