US Coconut Milk Market, By Form

Synopsis
The above chart is US Coconut Milk Market, By Form 2016–2023 (USD Million)

Market Dynamics

the demand for coconut milk in the united states has been on a steady rise in recent years, thanks to the increasing consumer interest in plant-based and lactose-free alternatives to traditional dairy products. one of the key factors contributing to the growth of the us coconut milk market is the rising number of people who are switching to a vegan or vegetarian diet. as more americans are becoming health conscious and concerned about animal welfare and the environment, they are gravitating towards dairy alternatives like coconut milk. this trend has been particularly prevalent among millennial and gen z consumers, who are actively seeking out clean and sustainably sourced food options. another factor driving demand for coconut milk is the growing prevalence of lactose intolerance and dairy allergies. with approximately 65% of the human population having some degree of lactose intolerance, there is a significant market for non-dairy milk alternatives like coconut milk. moreover, with an increasing number of people being diagnosed with dairy allergies, coconut milk offers a safe and healthy alternative that is free from allergens. in addition to its health benefits, coconut milk is also gaining popularity among consumers due to its versatility in various culinary applications. it is used in a variety of dishes, both sweet and savory, ranging from curries and sauces to smoothies and ice creams. this versatility has led to a surge in demand for canned coconut milk, which is the most commonly available form of the product in the us market. however, with the growing demand for healthy and natural food products, there has been a rise in the demand for fresh and homemade coconut milk in recent years. this has led to an increase in the availability of coconut milk in alternative forms such as dried, powdered, and refrigerated or frozen. these options provide consumers with more choices and convenience, further fueling the demand for coconut milk in the us. overall, the demand for coconut milk in the us market is expected to continue to rise in the coming years, driven by its health benefits, versatility, and growing consumer interest in plant-based and lactose-free alternatives. furthermore, with the increasing availability of new and innovative forms of coconut milk, the market is expected to witness significant growth and further expand its consumer base.