Coconut Milk And Cream Market Analysis & Forecast: 2025-2032

Coconut Milk and Cream Market Analysis & Forecast: 2025-2032

Coconut Milk and Cream Market is estimated to be valued at USD 3,462 Mn in 2025 and is expected to reach USD 6,410.4 Mn in 2032, exhibiting a compound annual growth rate (CAGR) of 9.2% from 2025 to 2032.

Key Takeaways

• By Nature, Conventional coconut milk and cream are expected to account for 69.3% of the global market share in 2025.
• In terms of Application, the processed food segment is expected to account for a significant share of the Coconut Milk and Cream market in 2025.
• By Region, Asia Pacific is estimated to dominate the market with a 51% share in 2025, North America is expected to be the second-largest market with a 23.2% share in 2025.

Market Overview

Consumer interest in plant-based and dairy-free options continues to expand, turbocharging the global coconut milk and cream sector. Rising veganism and lactose intolerance are fueling demand for coconut as a dairy alternative. Manufacturers are innovating with varied fat contents, flavors, and convenient formats.

Current Events and Its Impact on the Coconut Milk and Cream Market

Uncover macros and micros vetted on 75+ parameters: Get instant access to report

Pricing Analysis

The coconut milk and cream industry exhibits a highly fragmented structure with diverse pricing across regions and brands. In North America, premium organic coconut milk and cream portfolios range from $1.99–$4.99, while mass-market options are $1.49–$2.19. Europe sees similar trends, with organic variants commanding 40–60% premiums. Southeast Asian origins offer the most competitive pricing ($0.80–$1.29). Price drivers include brand recognition, coconut milk and cream ingredients, organic certification, packaging, and distribution channels. For example, Native Forest Organic coconut milk (U.S.) retails at $2.29–$2.79, reflecting premium positioning and organic certification. Light coconut milk typically carries a 5–15% premium over full-fat versions.

End-user Feedback and Unmet Needs in the Coconut Milk and Cream Market

• Inconsistent Quality and Flavor Profiles: Consumers frequently report variability in taste, thickness, and consistency across coconut milk and cream products, even within the same brand. For example, Native Forest Organic coconut milk (U.S.) has generally positive reviews, but some users note differences between batches, highlighting a need for standardized quality control.
• Limited Product Formats and Convenience: While versatile in cooking and beverages, many consumers find ready-to-use or single-serve options limited. The lack of convenient formats restricts adoption, particularly among urban and health-conscious users seeking quick meal solutions.
• Insufficient Awareness about Nutritional Benefits: Many users are unaware of the full benefits of organic coconut milk and cream portfolios, such as healthy fats for heart health and lactose-free alternatives. Improved communication and education could drive informed consumer choices.

Segmental Insights

To learn more about this report, Download Free Sample

Global Coconut Milk and Cream Market Insights, By Nature - Conventional Segment Acquires the Largest Share

By nature, conventional coconut milk and cream are expected to account for 69.3% of the market share in 2025, reflecting widespread consumer trust in their affordability, consistent quality, and availability. Conventional products are foundational to both industrial food production and household cooking, providing reliable ingredients for processed foods, packaged retail items, and the foodservice sector. For instance, Ayam, a leading brand in the coconut products industry, offers conventional coconut milk powder that serves as a reliable ingredient for both industrial food production and household cooking. This product is widely used in various applications, including beverages, culinary dishes, and food manufacturing, providing consistent texture, flavor, and performance in recipes.

The segment’s growth is fueled by increasing global consumption of plant-based and tropical foods, as well as rising demand from food manufacturers seeking standardized, scalable ingredients. Conventional coconut milk and cream enable predictable texture, flavor, and performance in recipes, reducing production variability while meeting consumer expectations, further propelling the coconut milk and cream market revenue.

Global Coconut Milk and Cream Market Insights, By Application - Expanding Role in Processed Foods and Foodservice Drives Segment Growth

In terms of application, the processed food segment is expected to account for a significant share of the Coconut Milk and Cream market in 2025, underscoring its essential role in industrial food production. Coconut milk and cream are widely used as ingredients in bakery products, sauces, confectionery, beverages, and ready-to-eat meals, providing flavor, texture, and nutritional value.

Regular application in processed foods allows manufacturers to maintain consistency across batches, enhance product quality, and cater to the growing global demand for plant-based ingredients. The rising popularity of vegan and lactose-free diets has further accelerated adoption in processed food products, as coconut milk and cream serve as reliable dairy alternatives.

Apart from this, various key brands are introducing flavored milk. For instance, in April 2025, Elmhurst® 1925, renowned for its premium plant-based dairy alternatives, announced that three of its top-selling products – Pistachio Barista Edition, Unsweetened Coconut Cashew Milk, and Maple Walnut Barista Edition – are now available at select Whole Foods Market stores across the United States.

Regional Insights

To learn more about this report, Download Free Sample

Asia Pacific Coconut Milk and Cream Market Analysis & Trends

Asia Pacific dominated the global coconut milk and cream market with 51% market share in 2025. The growth is attributed to the region’s strong production base and high consumer demand, particularly in India, Japan, and Indonesia. In India, the coconut sector plays a key role in the economy, and government initiatives promote its cultivation and diverse applications across industries. In Japan, high lactose intolerance among consumers is driving the demand for coconut-based alternatives to dairy products. Indonesia contributes significantly through both production and domestic consumption. For instance, in 2025, Kara, a leading coconut product brand, expanded its coconut milk and cream offerings across Asia Pacific, targeting retail, foodservice, and packaged food segments in India, Japan, and Indonesia.

North America Coconut Milk and Cream Market Analysis & Trends

North America is expected to be the second-largest market for coconut milk and cream with 23.2% share in 2025, driven by increasing demand for plant-based and dairy-free alternatives. Rising consumer awareness regarding health, wellness, and lactose intolerance is boosting product adoption. The U.S. market, in particular, benefits from a well-established food processing industry and growing distribution networks for alternative dairy products, which enhance the availability and visibility of coconut milk and cream across the region.

For instance, in 2025, So Delicious Dairy Free expanded its coconut milk and cream portfolio across North America, introducing new products in supermarkets, grocery chains, and online platforms. The launches target health-conscious and lactose-intolerant consumers, aiming to capitalize on the rising demand for plant-based and dairy-free alternatives while increasing visibility and adoption across the region.

Coconut Milk and Cream Market Outlook Country-wise

India Coconut Milk and Cream Market Trends

India is a key contributor to the Asia Pacific coconut milk and cream market. Government initiatives supporting coconut cultivation and the promotion of its applications across food and beverage, cosmetics, and pharmaceutical industries are driving the coconut milk and cream market growth in India. For instance, in January 2025, Vesta, a South Indian ice cream brand, introduced India's first-ever vegan ice cream made from coconut milk. This innovation aligns with the government's initiatives supporting coconut cultivation and promoting its applications across various industries.

United States Coconut Milk and Cream Market Trends

The U.S. is the largest market in North America. Rising demand for plant-based and dairy-free alternatives, combined with well-established food processing infrastructure, is supporting market expansion. For instance, in 2025, Califia Farms expanded its U.S. portfolio by introducing new coconut milk and cream products across supermarkets and online retailers. These launches target health-conscious and lactose-intolerant consumers, capitalizing on the rising demand for plant-based, dairy-free alternatives while leveraging the country’s well-established food processing and distribution networks to increase product availability nationwide.

Market Report Scope

Global Coconut Milk and Cream Market: Drivers

• Rising preference for plant-based proteins among consumers: Shifting consumer preferences from animal-based proteins to plant-based proteins is primarily fuelling the growth of the global coconut milk and cream market. So, the growing number of vegetarians is augmenting the market growth has this food companies are introducing a diverse range of coconut milk and creamers by varying their fat content and flavor and even launching easy-to-carry package formats to boost convenience. In July 2024, UK brand The Coconut Collab launched a new plant-based protein yogurt with 10g of protein per serving. Made from ethically sourced coconuts, it includes soy and almond protein for all nine essential amino acids. The yogurt is fermented with live cultures for gut health, gluten-free, low in sugar, and designed to ensure zero coconut waste across its supply chain.
• Growing prevalence of lactose intolerance in the population: Increasing incidence of lactose intolerance among the population is also driving the demand for plant-based proteins. According to the National Institute of Diabetes and Digestive and Kidney Diseases, about 68% of the world's population has lactose mal absorption. However, lactose intolerance rates vary widely depending on ethnicity, with, as few as 5% of Northern Europeans and as many as, 90% of East Asians having lactose intolerance, as stated by the Canadian Society of Intestinal Research. This is further proliferating the coconut milk and cream market demand.

 Global Coconut Milk and Cream Market: Opportunity

• Increase preference for low calorie products: Key players are introducing low-fat coconut milk and cream products in order to meet the growing demand for low-calorie food products among health conscious consumers. Low-fat conventional dairy has witnessed significant popularity by providing an attractive option to the  low-fat diet concerned consumers. Similarly, low-fat coconut milk and cream products are experiencing high demand among the food manufacturers which produces low in fats and calories.

Global Coconut Milk and Cream Market: Trends

• Rising consumption of bakery products: Increasing consumption of bakery products due to globalization is a major emerging trend in the market. Coconut milk is widely used in the preparation of bakery, confectionery, dairy products, frozen desserts, and other applications. Growing consumer spending on healthy food products, due to increasing disposable income, is again fostering the market growth. Additionally, the growing health and wellness trend is also boosting the market growth. For instance, Buffalo-based Rich Products Corporation has introduced Café Whip™, a groundbreaking new product and the foodservice industry's first dairy-free whipped topping made with coconut milk, reflecting the continued popularity of coconut-based alternatives.

Analyst Viewpoint

• The Global Coconut Milk and Cream Market is witnessing strong growth, fueled by the rising demand for plant-based alternatives and increasing health awareness. Consumers with lactose intolerance or dairy allergies are turning to coconut-based products, positioning them as premium options in both retail and foodservice sectors.
• Expanding vegan and vegetarian populations, particularly in developed regions, are driving adoption, while clean-label preferences and the demand for natural ingredients are encouraging use across food manufacturing, bakery, and beverage industries. The versatility of coconut milk and cream—from traditional Asian recipes to contemporary Western cuisine—further enhances market penetration.
• Regionally, Asia-Pacific dominates due to well-established coconut cultivation and deep-rooted cultural integration, while North America is the fastest-growing market, supported by health-conscious consumers and expanding retail distribution networks.
• Future growth opportunities are centered on product innovation, including fortified and organic variants, convenient packaging, and strategic collaborations between manufacturers and retailers. Aggressive marketing highlighting nutritional and health benefits will play a key role in shaping competitive positioning.

 Global Coconut Milk and Cream Market: Key Developments  

• In August 2025, HOCCO launched a limited-edition Modak-shaped ice cream for Ganesh Chaturthi, featuring coconut ice cream coated in chocolate and available through quick commerce platforms in Maharashtra.
• In June 2025, Luckin Coffee introduced the Coconut & Jelly Latte, combining coconut milk and coconut water-based jelly, accompanied by limited-edition Baby Coconut Keychains to promote the new beverage.
• In February 2025, Coyo announced the launch of its dairy-free Oat Coconut Yoghurt, expanding its plant-based offerings to cater to growing consumer demand for vegan and lactose-free alternatives.
• In January 2025, Luckin Coffee expanded its coconut beverage range with a Coconut Latte paired with collectible baby keychains, enhancing consumer engagement and brand visibility.

Market Segmentation

• Global Coconut Milk and Cream Market, By Category
  • Organic
  • Conventional
• Global Coconut Milk and Cream Market, By Application
  • Processed Food
  • Retail/Packaged Coconut Milk and Coconut Cream
  • Foodservice
• Global Coconut Milk and Cream Market, By Geography
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Global Coconut Milk and Cream Market Key Companies
• • McCormick & Company Inc.
  • Danone SA
  • Sambu Group
  • Adamjee Lukmanjee & Sons (Pvt.) Ltd.
  • Cardinal Agri Products Inc.
  • Petrow Food Group
  • Axelum Resources Corp.
  • Kapar Coconut Industries Sdn Bhd
  • Primex Group of Companies
  • Only Earth
  • Stancodex Sdn Bhd
  • Greenville Agro Corporation
  • Celebes Coconut Corporation
  • M&S Food Industries
  • Goya Foods Inc.
  • Roxas Sigma Agriventures Inc.
  • GraceKennedy Group

Sources

Primary Research Interviews

• Coconut milk and cream manufacturers and processors
• Food and beverage industry executives
• Retail chain buyers and procurement managers
• Plant-based food product distributors
• Others

Databases

• FAO (Food and Agriculture Organization) Statistical Database
• USDA Foreign Agricultural Service Database
• Euromonitor International Database
• IBISWorld Industry Research Database
• Others

Magazines

• Food Processing Magazine
• Dairy Foods Magazine
• Natural Products Insider
• Plant Based Foods Industry Magazine
• Others

Journals

• Journal of Food Science and Technology
• International Journal of Food Science
• Food and Nutrition Sciences
• Others

Newspapers

• Food Business Magazine
• The Food Institute Report
• Grocery Headquarters
• Natural Products Business News
• Others

Associations

• Coconut Development Board
• Plant Based Foods Association
• International Food and Beverage Technology Association
• Natural Products Association
• Others

Public Domain Sources

• Government trade statistics and export-import data
• Company annual reports and investor presentations
• Industry white papers and research publications
• Regulatory body publications and guidelines
• Others

Proprietary Elements

• CMI Data Analytics Tool
• Proprietary CMI Existing Repository of information for last 8 years