World Coconut Milk Market to Grow at 15.4% CAGR to 2020
PUNE, India, December 5, 2016 /PRNewswire/ --
The global coconut milk market analyst says one of the positive trends that will affect the growth of the market during the forecast period is the increasing investments by the players in the market. The players in the market are investing in increasing their production capabilities and improving their distribution networks.
Complete report on coconut milk market spread across 62 pages, analysing 5 major companies and providing 49 data exhibits now available at http://www.reportsnreports.com/reports/769809-global-coconut-milk-market-2016-2020.html.
This analyst forecast the global coconut milk market to grow at a CAGR of 15.4% during the period 2016-2020. According to the coconut milk market report, one of the main growth drivers of the coconut milk market is the health benefits associated with the consumption of coconut milk. Coconut milk helps in improving the immune system of the body, thereby helping to prevent diseases. The lauric acid found in coconut milk is easily absorbed by the body and used by the body for energy. Also, this fatty acid helps in lowering cholesterol levels, improving blood pressure, and preventing heart attacks or strokes.
The Americas dominated coconut milk market space and is envisaged to remain the largest market for coconut milk until the end of 2020. One of the major factors for this growing demand is the rising lactose intolerant population in the region who are not able to digest the lactose present in the dairy milk. Extensive research carried out by the analysts has shown that nearly 86% of the population in Brazil and 61% of the population in Argentina are lactose-intolerant.
The supermarkets and hypermarkets segment was the most popular distribution channel for coconut milk. The strong growth of organized retail in developed and developing economies was a major factor leading to the growth of coconut milk market segment. It has also been noted that the number of supermarkets in the US is increasing, and the trend is expected to continue during the forecast period.
The following companies are the key players in the global coconut milk market: Goya Foods, McCormick, Pureharvest, Theppadungporn Coconut, and WhiteWave Foods. Other prominent vendors in the market are: CHI, Ducoco, Edward & Sons, iTi Tropicals, Pacific Foods, Thai Agri Foods, and Turtle Mountain. Order a copy of Global Coconut Milk Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=769809.
The global coconut milk market is subject to rapidly changing consumer demands and preferences. As a result, the manufacturer's performance is affected by the changing consumer spending pattern. Furthermore, factors like the changing economic conditions are also affecting customers' living standards and will also affect vendors' businesses.
Global Coconut Milk Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global coconut milk market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of coconut milk to individual consumers.
Another related report is Global Soy Milk and Cream Market 2016-2020, The vegan diet strongly favors animal rights, and vegan consumers do not consume and use any animal product such as eggs, dairy products, honey, leather, fur, silk, wool, cosmetics, and soaps derived from animal products. This can positively affect the market as vegan consumers would be on the lookout for more plant-based milk and cream alternatives. People are adopting vegan diets as a result of ethical concern toward animal and for a better environment. Browse complete report @ http://www.reportsnreports.com/reports/729152-global-soy-milk-and-cream-market-2016-2020.html.
Explore other new reports on Food and Beverages Market @ http://www.reportsnreports.com/market-research/food-and-beverages/.
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