Description
Asia-Pacific Coconut Milk Market Research Report—Forecast till 2026
Market Overview
Asia-Pacific Coconut Milk Market is estimated to register a substantial CAGR of 12.50% and reach USD 781.3 Million during the review period. Coconut is a profoundly esteemed fixing in a wide scope of cooking styles and is known for its prodigious health advantages, expanding the utilization of coconut milk. It is a wellspring of soaked fats, which are useful for wellbeing. It likewise helps in bringing down cholesterol levels, improving pulse, and forestalling respiratory failures and strokes. Nonetheless, because of the high lipid and immersed fat substance of coconut milk, it is debilitated in the eating regimen of patients experiencing cardiovascular diseases and hypertension. Coconut milk is for the most part used to give flavor and surface to Asian food.
The Asia-Pacific coconut milk market has registered an incredible market expansion over the last few years and is expected to exhibit a 12.50% CAGR during the review period. The market growth is attributed to the increasing lactose intolerance among the population in Asia-Pacific and the various health benefits of consuming coconut milk. However, the accelerating prices of coconut and the availability of several substitute products are expected to restrain the growth of the Asia-Pacific coconut milk market during the study. moreover, the increasing adoption of veganism and untapped markets of Asia-Pacific are evaluated to create attractive opportunities for players operating in the region during the projected timeframe.
Market Segmentation
Asia-Pacific Coconut Milk Market has been Segmented Based on Category, Form, Type and Distribution Channel.
Based on category type the market has been segmented into Conventional and Organic type. The conventional segment valued for the largest market share of 84.13% in 2019.
The form segment bifurcates the Coconut Milk market of Asia-Pacific into Liquid and Powder. In terms of packaging type, the market has been classified into Bottles, Cans, and Pouches. Based on distribution channel the market is divided into Store-Based and Non-Store Based segments.
Regional Analysis
The region-specific analysis of the Asia-Pacific Coconut Milk Market has been studied across China, India, Japan, Australia & New Zealand, and the Rest of Asia-Pacific.
The Rest of Asia-Pacific is expected to contribute the largest share of the regional market during the study time owing to the major share of 32.74% share of the market in 2019. Coconut milk is consumed at significant rate in ASEAN countries including Malaysia, Indonesia, Thailand, and the Philippines. Furthermore, China is expected to register a healthy CAGR of 12.54% during the forecast period owing to the highest market share in 2019. Additionally, Australia & New Zealand is set to register the highest CAGR during the forecast period owing to the increasing lactose intolerance among the consumers and rising consumer inclination towards a vegan diet in the region.
Major Players
The Prominent Players in the Asia-Pacific Coconut Milk Market include McCormick & Company (US), Goya Foods, Inc. (US), Dabur India Ltd (India), Thai Agri Foods Public Co., Ltd (Thailand), Danone S.A. (France), Theppadungporn Coconut Co., Ltd (Thailand), ThaiCoconut Public Company Limited (Thailand), Edward & Sons Trading Co (US), Vita Coco (US), and Celebes Coconut Corporation (Philippines).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 14
1.1.1 ASIA-PACIFIC COCONUT MILK MARKET, BY CATEGORY 15
1.1.2 ASIA-PACIFIC COCONUT MILK MARKET, BY FORM 16
1.1.3 ASIA-PACIFIC COCONUT MILK MARKET, BY PACKAGING TYPE 17
1.1.4 ASIA-PACIFIC COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL 18
2 MARKET INTRODUCTION
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 RESEARCH OBJECTIVE 19
2.4 MARKET STRUCTURE 20
2.5 KEY BUYING CRITERIA 20
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 21
3.2 PRIMARY RESEARCH 22
3.3 SECONDARY RESEARCH 23
3.4 MARKET SIZE ESTIMATION 24
3.5 FORECAST MODEL 25
3.6 LIST OF ASSUMPTIONS 26
4 MARKET DYNAMICS
4.1 OVERVIEW 27
4.2 DRIVERS 28
4.2.1 INCREASING PREVALENCE OF LACTOSE INTOLERANCE 28
4.2.2 GROWING AWARENESS OF HEALTH BENEFITS OF COCONUT MILK 28
4.3 RESTRAINT 29
4.3.1 FLUCTUATING PRICES OF COCONUT 29
4.4 OPPORTUNITIES 30
4.4.1 GROWING ADOPTION OF VEGANISM 30
4.4.2 UNTAPPED MARKETS IN ASIA-PACIFIC 30
4.5 CHALLENGE 30
4.5.1 AVAILABILITY OF SUBSTITUTES 30
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 31
5.1.1 RAW MATERIAL PROCUREMENT 32
5.1.2 PROCESSING 32
5.1.3 PACKAGING 32
5.1.4 DISTRIBUTION AND SALES 32
5.2 SUPPLY CHAIN ANALYSIS 33
5.3 PORTER’S FIVE FORCES MODEL 34
5.3.1 THREAT OF NEW ENTRANTS 35
5.3.2 BARGAINING POWER OF SUPPLIERS 35
5.3.3 THREAT OF SUBSTITUTES 35
5.3.4 BARGAINING POWER OF BUYERS 35
5.3.5 INTENSITY OF RIVALRY 36
6 IMPACT OF THE COVID-19 OUTBREAK ON THE ASIA-PACIFIC COCONUT MILK MARKET
7 ASIA-PACIFIC COCONUT MILK MARKET, BY CATEGORY
7.1 OVERVIEW 38
7.1.1 ASIA-PACIFIC COCONUT MILK MARKET ESTIMATES & FORECAST, BY CATEGORY, 2018–2026 39
7.2 CONVENTIONAL 39
7.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 39
7.3 ORGANIC 40
7.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 40
8 ASIA-PACIFIC COCONUT MILK MARKET, BY FORM
8.1 OVERVIEW 41
8.1.1 ASIA-PACIFIC COCONUT MILK MARKET ESTIMATES & FORECAST, BY FORM, 2018–2026 42
8.2 LIQUID 42
8.2.1 LIQUID: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 42
8.3 POWDER 43
8.3.1 POWDER: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 43
9 ASIA-PACIFIC COCONUT MILK MARKET, BY PACKAGING TYPE
9.1 OVERVIEW 44
9.1.1 ASIA-PACIFIC COCONUT MILK MARKET ESTIMATES & FORECAST, BY PACKAGING TYPE, 2018–2026 45
9.2 BOTTLES 45
9.2.1 BOTTLES: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 45
9.3 CANS 46
9.3.1 CANS: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 46
9.4 POUCHES 46
9.4.1 POUCHES: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 46
10 ASIA-PACIFIC COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL
10.1 OVERVIEW 48
10.1.1 ASIA-PACIFIC COCONUT MILK MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2018–2026 49
10.2 STORE-BASED 49
10.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 49
10.3 NON-STORE-BASED 50
10.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018–2026 50
11 ASIA-PACIFIC COCONUT MILK MARKET, BY COUNTRY
11.1 OVERVIEW 51
11.2 CHINA 52
11.3 INDIA 54
11.4 JAPAN 55
11.5 AUSTRALIA & NEW ZEALAND 57
11.6 REST OF ASIA-PACIFIC 58
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION 60
12.2 COMPETITIVE BENCHMARKING 61
12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 61
12.3.1 PRODUCT LAUNCH 61
13 COMPANY PROFILES
13.1 MCCORMICK & COMPANY, INC 62
13.1.1 COMPANY OVERVIEW 62
13.1.2 FINANCIAL OVERVIEW 63
13.1.3 PRODUCTS OFFERED 63
13.1.4 KEY DEVELOPMENTS 63
13.1.5 SWOT ANALYSIS 64
13.1.6 KEY STRATEGIES 64
13.2 OYA FOODS, INC. 65
13.2.1 COMPANY OVERVIEW 65
13.2.2 FINANCIAL OVERVIEW 65
13.2.3 PRODUCTS OFFERED 65
13.2.4 KEY DEVELOPMENTS 65
13.2.5 SWOT ANALYSIS 66
13.2.6 KEY STRATEGIES 66
13.3 DABUR INDIA LTD 67
13.3.1 COMPANY OVERVIEW 67
13.3.2 FINANCIAL OVERVIEW 67
13.3.3 PRODUCTS OFFERED 68
13.3.4 KEY DEVELOPMENTS 68
13.3.5 SWOT ANALYSIS 68
13.3.6 KEY STRATEGIES 68
13.4 THAI AGRI FOODS PUBLIC CO., LTD 69
13.4.1 COMPANY OVERVIEW 69
13.4.2 FINANCIAL OVERVIEW 69
13.4.3 PRODUCTS OFFERED 69
13.4.4 KEY DEVELOPMENTS 69
13.4.5 SWOT ANALYSIS 70
13.4.6 KEY STRATEGIES 70
13.5 DANONE S.A. 71
13.5.1 COMPANY OVERVIEW 71
13.5.2 FINANCIAL OVERVIEW 71
13.5.3 PRODUCTS OFFERED 72
13.5.4 KEY DEVELOPMENTS 72
13.5.5 SWOT ANALYSIS 72
13.5.6 KEY STRATEGIES 73
13.6 THEPPADUNGPORN COCONUT CO., LTD. 74
13.6.1 COMPANY OVERVIEW 74
13.6.2 FINANCIAL OVERVIEW 74
13.6.3 PRODUCTS OFFERED 74
13.6.4 KEY DEVELOPMENTS 74
13.6.5 SWOT ANALYSIS 75
13.6.6 KEY STRATEGIES 75
13.7 THAICOCONUT PUBLIC COMPANY (LIMITED) 76
13.7.1 COMPANY OVERVIEW 76
13.7.2 FINANCIAL OVERVIEW 76
13.7.3 PRODUCTS OFFERED 76
13.7.4 KEY DEVELOPMENTS 76
13.7.5 SWOT ANALYSIS 77
13.7.6 KEY STRATEGIES 77
13.8 EDWARD & SONS TRADING CO 78
13.8.1 COMPANY OVERVIEW 78
13.8.2 FINANCIAL OVERVIEW 78
13.8.3 PRODUCTS OFFERED 78
13.8.4 KEY DEVELOPMENTS 78
13.8.5 KEY STRATEGIES 78
13.9 VITA COCO 79
13.9.1 COMPANY OVERVIEW 79
13.9.2 FINANCIAL OVERVIEW 79
13.9.3 PRODUCTS OFFERED 79
13.9.4 KEY DEVELOPMENTS 79
13.9.5 SWOT ANALYSIS 80
13.9.6 KEY STRATEGIES 80
13.10 CELEBES COCONUT CORPORATION 81
13.10.1 COMPANY OVERVIEW 81
13.10.2 FINANCIAL OVERVIEW 81
13.10.3 PRODUCTS OFFERED 81
13.10.4 KEY DEVELOPMENTS 81
13.10.5 SWOT ANALYSIS 82
13.10.6 KEY STRATEGIES 82
14 REFERENCES
