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Coconut Milk Market Set to Reach $2.9 Billion by 2027: Allied Market Research

Rapid Growth Projected For Coconut Milk Market | Valuation Expected To Exceed $2.9 Billion At Cagr Of 17.1% By 2027

Coconut Milk Market Intelligence Report for Extensive Research Analysis 2021-2030

Coconut Milk Market Intelligence Report for Extensive Research Analysis 2021-2030

Coconut Milk Market Intelligence Report for Extensive Research Analysis 2021-2030

Global Coconut Milk Market Is Expected to Reach $2.9 Billion by 2027: Says AMR

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.