Pro
Food & Beverage
Europe Coconut Milk Market, By Region
| Label | Liquid | Powder |
|---|---|---|
| 2016 | 135.3 USD Mn | 61.7 USD Mn |
| 2017 | 155.1 USD Mn | 70.7 USD Mn |
| 2018 | 177.7 USD Mn | 81 USD Mn |
| 2019 | 204.2 USD Mn | 93.3 USD Mn |
| 2020 | 234.7 USD Mn | 107.5 USD Mn |
| 2021 | 269.8 USD Mn | 123.8 USD Mn |
| 2022 | 310.1 USD Mn | 142.6 USD Mn |
| 2023 | 356.4 USD Mn | 164.3 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Coconut milk has been a staple ingredient in Asian cuisines for centuries, but it is now gaining popularity in Europe. The demand for coconut milk in Europe has been increasing steadily over the years due to its unique flavor, versatility in cooking and numerous health benefits. The global coconut milk market is expected to reach a value of USD 1.7 billion by 2023, with a significant portion of this demand coming from Europe. One of the major factors driving the demand for coconut milk in Europe is the growing trend towards healthy eating. Coconut milk is a plant-based alternative to dairy milk, making it a popular choice among health-conscious consumers. It is naturally dairy-free, lactose-free, and low in calories, making it suitable for people with lactose intolerance, allergies, or those looking for a dairy-free option. Additionally, coconut milk is rich in vitamins, minerals, and healthy fatty acids, making it a nutritious choice for consumers. Another factor contributing to the demand for coconut milk in Europe is the increasing demand for vegan and vegetarian products. Coconut milk is a popular plant-based substitute for dairy in many vegan and vegetarian recipes, such as curries, soups, and smoothies.
As more people adopt plant-based diets, the demand for coconut milk is expected to continue to grow. In addition to its culinary uses, coconut milk is also gaining popularity in the cosmetics and personal care industry. Its moisturizing and nourishing properties make it a common ingredient in beauty products such as lotions, shampoos, and conditioners, driving the demand for coconut milk from this sector. The form of coconut milk also plays a significant role in the demand for this product in Europe. In 2016, the canned form of coconut milk accounted for the largest market share, but the demand for packaged and powdered coconut milk is expected to grow at a faster rate in the coming years. Packaged coconut milk offers convenience and has a longer shelf life, making it an attractive option for busy consumers. Meanwhile, powdered coconut milk is popular among endurance athletes and health enthusiasts, as it is lightweight and easy to transport. In conclusion, the demand for coconut milk in Europe is expected to continue to grow due to its health benefits, versatility, and various applications in the food, cosmetics, and personal care industries.
With the rise of health-conscious and plant-based diets, the future looks bright for the coconut milk market in Europe.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
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Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
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