Market overview
The Asia-Pacific Coconut Milk Market is growing all over the world. By 2030, the Asia-Pacific Coconut Milk Market is going to have a valuation of $1.2 Billion. It will grow at a rate of 12.50% from the year 2022 to 2030.
There are lots of reasons why the Asia-Pacific Coconut Milk Market is growing very fast in the market.
The first reason is lactose intolerance among consumers. This reason plays a crucial role in boosting the Asia-Pacific Coconut Milk Market. Other reasons can be awareness of health, increasing popularity of Asian dishes, increase in vegan population, changing preferences of the consumers, packaging styles, etc.
The reasons why the market can see a decline are continuously fluctuating prices of coconuts, revenue losses, etc.
The COVID-19 pandemic has also affected the Asia-Pacific Coconut Milk Market severely. Shutdowns of the industrial units, a decline in demand, reduced supply chains, and eventually, a loss of revenue contributed to this.
Segmentation
Let us now discuss the segmentation of the Asia-Pacific Coconut Milk Market. We will also see the various classifications in those segments.
- Based On Category
The Asia-Pacific Coconut Milk Market is divided into organic and conventional categories. In the conventional category, coconut milk is produced with the use of traditional methods; in the organic category, it is produced by machines. Coconut milk is produced with the help of machines.
- Based On Forms
The Asia-Pacific Coconut Milk Market is classified into two forms: liquid and powdered. Out of these two liquids, coconut milk is considered the people’s choice.
However, powder from coconut milk is going to see the highest CAGR of 14.78%.
- Based On Packaging
The Asia-Pacific Coconut Milk Market is divided into various packaging types like pouches, cans, bottles, etc. Out of all of this, can packaging is leading the industry because of its strength and stability.
- Based On Channels
The Asia-Pacific Coconut Milk Market is divided into store-based and non-store-based channels. Store-based channels are dominating the market. These stores make it easy for consumers to get what they want. These can be supermarkets, shops, malls, etc.
Key Asia Pacific Tortilla Market Players are–
Tyson Foods Inc. (U.S.), Gruma SAB de CV (Mexico), Grupo Bimbo SAB de CV (Mexico), General Mills Inc. (U.S.), Azteca Foods Inc.(U.S.), Ole Mexican Foods Inc. (U.S.), Grupo Liven S.A. (Spain)
Industry news
- In January 2021, QuikFood introduced their latest product, named Quik Tea Vegan Chai Tea Latte.
- In the same year, Nescafé also introduced their vegan flat white pods in the UK.
TOC –
- EXECUTIVE SUMMARY
- MARKET INTRODUCTION
- RESEARCH METHODOLOGY
- MARKET DYNAMICS
- MARKET FACTOR ANALYSIS
- IMPACT OF THE COVID-19 OUTBREAK ON THE ASIA-PACIFIC COCONUT MILK MARKET
- ASIA-PACIFIC COCONUT MILK MARKET, BY CATEGORY
- ASIA-PACIFIC COCONUT MILK MARKET, BY FORM
- ASIA-PACIFIC COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL
- ASIA-PACIFIC COCONUT MILK MARKET, BY COUNTRY
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
- REFERENCES
- LIST OF TABLES
- LIST OF FIGURES
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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