Coconut Milk Sales Expected to Rise Dramatically!

Coconut milk, a lactose-free, plant-derived milk substitute is becoming a popular consumer product as many shoppers are either adopting vegan diets, are lactose intolerant, or are becoming more health conscious. Not only is coconut milk a creamy and delicious alternative to traditional cow’s milk, but it is also loaded with vitamins and minerals which are great for reducing high cholesterol levels, and is high in lauric acid which contributes greatly to our energy levels.

According to the Global Coconut Milk Market report conducted by Market Research Future, the increase of consumers shifting towards a vegan diet is majorly affecting the popularity of coconut milk as well as the versatility of application of the product. Due to these supporting notions, the sales of coconut milk are expected to rise dramatically over the next market forecast period, bringing in a substantial increase in revenue, especially in the dairy and frozen desserts segment. Some of the key players contributing to this rising demand are Goya Foods, WhiteWave Foods, Native Forest, and Pure Harvest, with top exporters of coconut milk including the United States, China, Germany, Japan, and the Netherlands.

Another contributing factor is the increased demand for healthy beverages that contain fewer calories, adding to the steady rise of coconut milk sales. The main importers of this dairy-free milk at the moment are the United States, Germany, China, the U.K., and Japan, generating the most consistent increased revenue of coconut milk.

It looks like the plant-based milk trend is here to stay!

Are you eager to cook with coconut milk?

Coconut milk is super versatile, making it an important pantry staple. It also adds a touch of plant-based creaminess to any recipe. If you are looking for ways to cook with coconut milk, feel free to try some of these recipes from our Food Monster App!

Tempeh, Lemongrass, and Broccoli Coconut Curry

Image Source: Tempeh, Lemongrass, and Broccoli Coconut Curry

This Tempeh, Lemongrass, and Broccoli Coconut Curry by Amarilis Moldes is packed with protein, features an array of flavor complexities, and is completely customizable! Coconut milk contributes a depth of richness to this dish.

Tres Leches Cake

Image Source: Tres Leches Cake

Coconut milk, almond milk, and coconut cream make up Gretchen Price’s  moist and decadent, vegan tres leches cake!

Creamy Baked Kale and Artichoke Dip

Image Source: Creamy Baked Kale and Artichoke Dip

Full-fat coconut milk makes Colorful Kitchen’s  artichoke and kale dip deliciously creamy, while keeping it rather healthy at the same time!

For more like The Global Demand for Coconut Milk is Rising, we recommend downloading our Food Monster App, which is available for both Android and iPhone, and can also be found on Instagram and Facebook. The app has more than 10,000 plant-based, allergy-friendly recipes, and subscribers gain access to new recipes every day. Check it out!

Lead Image Source: Shutterstock