Report ID: UCMIG30I2075
Report ID:
UCMIG30I2075 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Cooking Coconut Milk Market was valued at over USD 385 million in 2019 and is expected to grow at a CAGR of over 8.5% between 2020 and 2026. The Lancet medical journal estimates that more than 65% of the global population is lactose intolerant. This has resulted in a growing demand for lactose-free dairy alternatives, such as cooking coconut milk, to meet their daily intake of proteins, vitamins, and other essential nutrients. The increasing awareness of animal rights and environmental damage has further fueled the demand for cooking coconut milk as a sustainable and ethical alternative to dairy products. These factors are expected to drive the growth of the cooking coconut milk industry in the foreseeable future.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30I2075