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Share: Portland.OR, May 10, 2021 (GLOBE NEWSWIRE) According to the report published by Allied Market Research, the global  coconut milk market was pegged at $1.1 billion in 2019, and is estimated to hit $2.9 billion by 2027, registering a CAGR of 17.1% from 2021 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. Rise in use of coconut-based products in food & beverage applications, increase in consumption of nutritious drinks, and expansion of the retail market drive the growth of the global coconut milk market. On the other hand, slight decline in the production of coconuts compared to its increasing demand restrains the growth to some extent. However, product innovation and surge in demand for coconut milk are expected to create lucrative opportunities in the industry.

United statesHong kongNew jerseyUnited kingdomDavid correaMccormick company incBusiness intelligence solutionsVita coco us celebes coconut corpCelebes coconut corpThai agri foods public coGoya foods incMarket researchThai coconut public company thailandDabur india ltdLtd thailandAllied market research