The global Packaged Coconut Milk Market is witnessing notable growth, driven by increasing consumer preference for plant-based dairy alternatives and the rising demand for clean-label, organic beverages. The market was valued at USD 793.5 million in 2022 and is projected to reach USD 1,469.5 million by 2030, growing at a CAGR of 8.10% during the forecast period. This surge is primarily influenced by health-conscious consumers, lactose-intolerant populations, and the expanding vegan trend worldwide.

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Key Market Highlights:

• Product Types:

  • Organic: Gaining popularity due to clean-label appeal and minimal processing.

  • Conventional: Remains dominant in cost-sensitive markets due to affordability.

• Packaging Types:

  • Tetra Packs: Widely used for their extended shelf life and eco-friendly appeal.

  • Bottles and Cans: Preferred for portability and convenience.

  • Others: Includes pouches and specialty packaging formats.

• Distribution Channels:

  • Supermarkets & Hypermarkets: Major contributors to sales due to wide product availability and brand visibility.

  • Convenience Stores: Offer easy access and impulse buying options.

  • Online Retail: Rapidly growing with increasing e-commerce adoption and consumer demand for home delivery.

  • Others: Includes specialty and health food stores.

Regional Insights:

• Asia Pacific led the global market with a 38.22% share in 2022, fueled by high coconut production in countries like Indonesia, the Philippines, and India, along with growing domestic consumption.

• North America and Europe are also showing strong growth trends due to the surge in plant-based diets and increased health awareness.

The packaged coconut milk market is poised for consistent growth, bolstered by innovation in product development, expanding retail networks, and increasing global awareness of the nutritional benefits of coconut-based beverages.

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