Coconut milk is on the rise, expected to increase sales

The North American market will be a major consumer of coconut milk according to a Future Market Insights report. Sales reportedly hit $830 million end of 2017 with a quarter of the profits coming from North America.

According to Food Dive, “coconut milk sales are projected to expand around the world by a 7.3% compound annual growth rate between 2017 and 2027.”

There is a demand for plant-based and organic beverages that are lactose and dairy free so this is a reason for the coconut milk expansion in the market. Consumers are also interested in new or “exotic” flavors from Asian cuisine.

With coconut milk finding its way into food other products such as whipped toppings and desserts, sales are increasing but may confuse some consumers who are not reading labels.

The popularity of coconut flavor guarantees the demand but the future as an ingredient will depend on the supply and price according to Food Dive.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s