ANALYSIS OF GLOBAL INDUSTRY AND ASSESSMENT OPPORTUNITIES 2017-2027

The increase in the number of lactose intolerant people worldwide is the leading factor expected to boost the demand for regular coconut milk and organic coconut milk globally.

EXPECTED ORGANIC COCONUT MILK WILL BE MANY CONSUMER CONSUMERS

Although traditional coconut milk has a high proportion of revenue, the appeal of the traditional coconut segment is still low compared to the organic coconut market segment. Revenue from organic coconut segment is expected to increase at an average annual rate of 8.2% during the forecast period and is expected to contribute nearly 30% of revenue at the end of 2027. Stool The organic segment is estimated to be worth more than US $ 220 million in 2017 and is expected to reach a market valuation in excess of US $ 500 million by the end of 2027, creating an absolute opportunity of US $ 12.2 million. 2017 compared to 2016 and the opportunity to increase is 288.3 million USD between 2016 and 2027.

The traditional segment by nature is estimated to be worth more than US $ 600 million in 2017 and is expected to increase at an average annual rate of 7.0% during the forecast period to achieve market valuation. more than 1100 million USD at the end of 2027, creating an absolute opportunity of 39.3 million USD in 2017 compared to 2016 and an opportunity to increase by 618.9 million between 2016 and 2027.

Since recent years, Asian cuisine has earned the prosperity of food lovers across the globe. They developed a taste for coconut or coconut milk dishes and this is a key factor that could increase the revenue of the global coconut milk market in the expected period. Asian food consumption in countries like the US and Canada has increased significantly, due to the increase in the number of tourists to countries in Asia and developing flavors for local dishes. For example, Asian food sales in Asian restaurants in the United States have nearly doubled in the past few years, suggesting priorities have increased significantly over a short period of time.

The increasing number of lactose intolerances is another factor that promotes the growth of coconut milk demand. The increase in the number of lactose intolerant people worldwide is the leading factor expected to boost the demand for conventional and organic coconut milk globally. Coconut milk does not contain lactose and maintains essential nutrients, thus becoming an option for lactose intolerance.

Our analysis shows that increasing consumption of desserts and ice cream also increases the coconut market. A growing number of vegetarians especially in Europe are the main factors driving the growth in consumption of organic coconut milk and regular coconut milk and related products. The demand for vegetarian creams and increased desserts is promoting the sale of plant replacements for regular milk. There has been an increase in the use of coconut milk in vegetarian creams and desserts because manufacturers have developed flavor for coconut milk over time. Luxury hotels have also started offering coconut desserts and ice cream on their menus, due to increasing demand.

North America will occupy the largest market share in the world coconut milk market in the forecast period

North America is expected to occupy a relatively high market share and grow in the world coconut milk market by 2027. Increased consumer consumption for coconut milk and related products is expected. Will contribute to North America's revenue growth during the forecast period. In the North American coconut milk market, natural organic segments will account for CAGR - both in value (9.2%) and volume (8.3%) - in the forecast period.

Source: Hiephoiduabentre.com.vn