The global cooking coconut milk market is estimated to account for USD 1.03 billion in 2025. It is anticipated to grow at a CAGR of 8.4% during the forecast period and reach a value of USD 2.3 billion by 2035.
Vegans and health-conscious consumers favor coconut milk because of its well-known health advantages and adaptability in food, drinks, and personal care items. It is becoming increasingly popular, particularly in Asia, Europe, and North America. Another significant contributing factor is the shift towards cruelty-free and sustainable solutions.
New flavors, organic alternative, and fortified products are causing a greater demand to arise in the market. Another reason for its popularity is becoming popular in the skincare industry due to moisturizing properties from coconut milk. Therefore, the demand for coconut milk is likely to grow with consumer awareness and product diversification.
| Attributes | Description |
|---|---|
| Estimated Global Cooking coconut milk market Size (2025E) | USD 1.03 Billion |
| Projected Global Cooking coconut milk market Value (2035F) | USD 2.3 Billion |
| Value-based CAGR (2025 to 2035) | 8.4% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
| Type of Coconut Oil | Price Range (per liter) |
|---|---|
| Virgin Coconut Oil | USD 5 to USD 12 |
| Refined Coconut Oil | USD 3 to USD 8 |
| Organic Virgin Coconut Oil | USD 7 to USD 15 |
| Cold-Pressed Coconut Oil | USD 6 to USD 14 |
The coconut oil prices are influenced by factors such as the production process, coconut source, and certification. Virgin and cold-pressed oils are priced higher due to their minimal processing, which preserves the natural flavor and nutritional value. Organic virgin oils are even more expensive due to the additional costs of organic farming and certification, while refined oils, which undergo more processing, are more affordable.
The demand for organic and cold-pressed coconut oils is steadily rising, especially among health-conscious consumers. This growing preference is pushing companies to offer a variety of options at different price points, catering to both budget-conscious buyers and those seeking higher-quality, and nutrient-rich products.
Health Consciousness and Demand for Healthier Oils
The use of healthier cooking oils has significantly increased as customers' health concerns have grown. Due to its potential advantages for heart and metabolism, coconut oil, which is high in medium-chain triglycerides (MCTs), is considered a healthier choice. It has become increasingly popular as a household choice who want to cut out on bad fats such as trans fats and processed oils.
Versatility in Cooking and Baking
The global expansion of coconut oil is also mainly due to its versatility as a cooking medium. Its high smoke point makes it an excellent option for various culinary applications, including high-heat cooking such as frying and sautéing. It is also frequently used in baking and as an alternative to butter or other oils, and its inherent, delicate flavor complements both savory and sweet foods. Its versatility increases its appeal to both professional chefs and household cooks.
Rise of Plant-Based and Vegan Diets
With the rise of plant-based and vegan diets, coconut oil has gained traction as a plant-derived fat alternative to animal-based oils and butter. Coconut oil for coolking has become a mainstay in plant-based meal preparations as more people choose vegetarian, vegan, or flexitarian diets. Its capacity to give plant-based meals depth and texture makes it a popular choice, which contributes to its market expansion.
Natural and Organic Food Trends
The increasing demand for natural and organic products has also contributed to the growth of the cooking coconut oil market. Coconut oil, especially when labeled as organic or cold-pressed, fits well with the growing consumer interest in clean, minimally processed foods. Consumers are increasingly drawn to products that are free from additives, preservatives, or artificial ingredients, and coconut oil's natural, unrefined nature aligns with these preferences, driving its adoption in both cooking and skincare.
High Production Costs
The cost of producing coconut oil- especially organic or cold-pressed varieties is more significant because of the complicated extraction process, certification requirements for organic products, and sourcing of coconuts. As a result, the price is higher than that of more widely used cooking oils like vegetable or sunflower oil.
Health Misconceptions and Debate
The use of coconut milk in foods has driven the debate in the health community worldwide. The scientific health community sparks a debate about its health effects in terms of consuming high saturated fat content. Although, the products are portrayed as potentially fit for good health, the negative health reports or shift in consumer mindset can negatively impact demand, mainly in health-conscious markets.
Expansion into Functional Beverages
Functional beverages such as health drinks, protein shakes, and wellness-focused drinks are becoming popular and unveil new opportunities for coconut milk market. By adding coconut milk's natural health benefits, for its medium-chain triglycerides (MCTs) and electrolytes, companies can cater to health-conscious consumers who prefer nutritious, plant-based alternatives in their beverages.
Coconut Milk-based Dairy Alternatives for Cheese and Yogurt
Expanding the use of coconut milk in dairy substitutes beyond drinks and desserts, especially in producing plant-based cheeses and yogurts, represents another unrealized potential. Based on the texture and flavor of premium coconut milk-based cheese and yogurt products that can closely resemble those of conventional dairy products, they may draw in dairy-free and lactose-intolerant consumers.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Increasing Demand for Healthy Cooking Alternatives
The demand for better substitutes for conventional cooking oils is rising as customers' health concerns increase. Coconut oil is becoming more and more popular as a healthier cooking oil because of its medium-chain triglycerides (MCTs) and possible heart health advantages. Coconut oil is popular because it can tolerate high cooking temperatures, making it perfect for sautéing and frying.
Rising Popularity of Organic and Cold-Pressed Coconut Oil
The demand for organic and cold-pressed coconut oil has significantly increased due to the trend toward healthier and more natural food products. Due to their little processing, the majority of the natural minerals and antioxidants in coconuts are preserved in these oils. The market for organic coconut oil has grown due to consumers' willingness to spend more for oils devoid of chemicals, preservatives, and other additions.
Growth in Vegan and Plant-Based Markets
The possibility of capitalizing on the growing vegan and plant-based food industries is a substantial opportunity for the coconut oil industry. Coconut oil is becoming increasingly popular as a baking and cooking oil to replace butter and other animal-based fats as more people switch to plant-based diets. This pattern is particularly significant in plant-based food formulations, where coconut oil can be promoted as a natural and healthy ingredient.
Growth into Cosmetics and Personal Care Items
Coconut oil is becoming increasingly popular outside of the food business. It is likely to continue expanding in the personal care and cosmetics industry. Due to its hydrating, anti-inflammatory, and antibacterial properties, coconut oil is becoming popular in hair care, skin care, and natural beauty products. This enables producers to capitalize on customers' thus increasing demand for natural cosmetic products with many uses.
| Attributes | Details |
|---|---|
| Top Product Type | Conventional Coconut Milk |
| Market Share in 2025 | 72% |
By product, conventional coconut milk is expected to account for 72% share in 2025. Conventional coconut milk tends to be more affordable than organic coconut milk. The production process for conventional coconut milk is generally less expensive, as it does not require stringent practices or certifications that organic coconut milk demands. Conventional coconut milk is more readily available because of its larger-scale production and well-established supply chain. It is often easier to find in supermarkets and grocery stores, especially in areas where organic products may be less prevalent or more expensive.
| Attributes | Details |
|---|---|
| Top Distribution Channel Type | Hypermarkets/Supermarkets |
| Market Share in 2025 | 65% |
By Distribution Channel, the hypermarket/supermarkets are expected to account for 65% share in 2025. Supermarkets and hypermarkets are easily accessible as they offer customers a one-stop shop for all of their shopping needs. Customers can conveniently find coconut milk with other cooking necessities at these huge retail establishments, which usually have extended hours of operation.
Supermarkets and hypermarkets offer a wide variety of cooking coconut milk brands, including conventional and organic options. The product is available in various sizes, formulations (such as full-fat and light), and price points. This means that consumers can pick a product that best suits their needs, whether for budgetary reasons or dietary preferences.
| Attributes | Details |
|---|---|
| Top Packaging | Tetra Packs |
| Market Share in 2025 | 54.4% |
Tetra packs will account for 54.4% market share in 2025 through packaging. Tetra packs are majorly used with coconut milk, as they enable the product to be preserved longer without refrigeration. The packaging provides a hermetic seal that protects the coconut milk from light and air, thus maintaining freshness and flavor. This makes tetra packs a popular choice for consumers who prefer shelf-stable coconut milk that can be stored for an extended period.
| Attributes | Details |
|---|---|
| Leading End-use Application | Soups and Sauces |
| Market Share in 2025 | 52.4% |
By end-use application, the soups and sauces segment is expected to account for 52.4% share in 2025. Coconut milk is frequently used in soups and sauces because of its creamy texture and capacity to enhance flavors with depth and richness. Because it improves the flavor of both savory and spicy meals, it is especially well-liked in Asian and Caribbean cuisines. Coconut milk is a versatile component in many different cuisines because of its inherent sweetness, which also helps to balance the heat in many spicy sauces.
| Region | CAGR |
|---|---|
| China | 10.7% |
| India | 10.4% |
| USA | 7.7% |
| Canada | 7.4% |
| UK | 7.3% |
| Germany | 8.0% |
As Chinese consumers become more health-conscious, there's a growing interest in plant-based foods. Coconut milk, a plant-based alternative to dairy, aligns well with this trend, especially among those seeking lactose-free or vegan options. The rise in vegetarianism and veganism, particularly in urban centers has contributed to the increased demand for coconut milk in cooking, especially for soups, sauces, and dairy alternatives.
China's food culture is evolving, with an increasing interest in international cuisines. Coconut milk is a key ingredient in many Southeast Asian and tropical cuisines, such as Thai, Malaysian, and Indian. As Chinese consumers become more open to experimenting with flavors and ingredients from other countries, coconut milk has gained popularity in both home cooking and the food service sector, where it is used in various recipes to impart creaminess and flavor.
India's coconut oil exports have been steadily increasing, reaching USD 440 million in 2024 from USD 350 million in 2020, driven by global demand for cooking, health, and beauty products. Imports have increased concurrently from USD 420 million in 2020 to an estimated USD 510 million in 2024, highlighting India's dual role as a major supplier and a hub for importing high-end, specialty coconut oil products. This pattern is a reflection of India's strategic location in global supply chains and the increasing international acknowledgment of the quality of Indian coconut oil.
Coconut milk is becoming increasingly popular in India as a dairy-free cooking substitute due to the rising popularity of plant-based and vegan diets. Additionally, a wider audience may now obtain coconut milk thanks to its easy packaging and expanded availability in retail and online, propelling market expansion. Growing consumer knowledge of the advantages of coconut milk for regular diets is another factor contributing to this change.
The plant-based and vegan movements in the USA are contributing significantly to the demand for coconut milk. With more people adopting plant-based lifestyles, there is a higher demand for plant-based products that can replace dairy, including coconut milk. Using coconut milk as an ingredient in plant-based sweets, smoothies, and beverages is especially common in the food service and retail industries, which propels expansion strategies.
The growing popularity of global cuisines, mainly Southeast Asian and Caribbean flavors, has contributed to the rise in demand for coconut milk. Canadian consumers are more willing to experiment with diverse culinary traditions, and coconut milk is a key ingredient in many traditional dishes like curries, soups, and desserts. As international cuisine becomes more mainstream, the demand for coconut milk as a staple cooking ingredient has grown.
With a growing number of people adopting plant-based diets, veganism, and lactose-free lifestyles, the demand for alternatives to dairy products is increasing. Coconut milk is an attractive option because it offers a rich, creamy texture without the use of animal products. It serves as a versatile ingredient for cooking, baking, and preparing beverages, which has helped drive its popularity among health-conscious consumers in the UK
The increasing popularity of vegan and vegetarian lifestyles in Germany indirectly supports the demand for plant-based products. Coconut milk market base is growing as more Germans adopt plant-based diets and recognize it as a flexible component that can be used as a dairy substitute in a variety of recipes.
The cooking coconut oil market is characterized by high competition as the major players in the industry compete to fortify their position by product innovation, sustainability, and new expansion. Cargill Inc. is focused on producing refined and virgin coconut oils with sustainability in sourcing and encouraging eco-friendly practices.
The company's growth strategy also encompasses increasing their offerings to diverse consumer needs, including organic and non-GMO coconut oils. They will use the strength of their distribution networks to expand their businesses in developed as well as emerging markets. In order to satisfy the increased demand for healthy cooking, Nutiva, another prominent competitor, is currently promoting organic and non-GMO certified coconut oils.
Their growth strategy is predicated on raising brand awareness as a result of health-conscious marketing and transparent sourcing. The company known for its brand of coconut water, Vita Coco, has joined the fray into the coconut oil business, where it leverages its excellent reputation and the capability to reach those health-conscious consumers. It stands ready for growth both at the mass level and the premium side with innovative packaging and consumer education about the healthy aspects of coconut oil.
Cargill Inc., Nutiva, Vita Coco, Dr. Bronner’s, and Bunge Limited are major participants in the cooking coconut oil market. Through strategic alliances and sustainability programs, Cargill Inc. has been growing its share while concentrating on manufacturing premium coconut oils, both virgin and refined. In order to address the rising demand for coconut oil in different countries, such as Asia and North America, their expansion plan focuses on improving the traceability of their products and utilizing their worldwide supply network. Their dedication to sustainable environmental practices and ethical sourcing has bolstered their position.
Promoting the nutritional advantages of coconut oil, Nutiva, a pioneer in organic and non-GMO certified coconut oil, aims to attract health-conscious customers. In order to meet the rising demand for natural and organic ingredients, they are branching out into new areas and keeping up with packaging and product innovations. Renowned for its coconut water, Vita Coco has effectively expanded into the coconut oil industry by leveraging its well-established brand recognition to draw in customers looking for healthier cooking oils.
Another well-known company is Dr. Bronner's, which specializes in making organic and fair trade coconut oil. Ethical sourcing and robust brand support for social and environmental problems are key components of the company's strategy. Meanwhile, Bunge Limited is expanding its portfolio of vegetable oils, including coconut oil, with a focus on innovation in production processes to improve quality and maintain competitive pricing.
Using Local Coconut Types
Brands can create specialized, premium coconut milk products by focusing on unique regional coconut varieties with unique flavors or health benefits. This could appeal to customers looking for high-end, unique solutions, making the product more appealing in both domestic and international markets. By encouraging eco-friendly behaviors and helping out local farmers, it can also draw attention to sustainability.
Influencer Partnerships
Co-branding limited-edition coconut milk products with vegan and wellness influencers can help establish the product as a component of a healthy way of living. This tactic attracts socially conscious customers and fosters brand loyalty. Influencers empower consumer trust and enhance product credibility and awareness.
In terms of product, the cooking coconut milk market is segmented into conventional coconut milk, organic coconut milk, light coconut milk, cream of coconut, and coconut milk powder.
According to the distribution channel, the coconut milk market is segmented into B2B, supermarkets/hypermarkets, conventional stores, grocery stores, and online retail.
In terms of packaging, the cooking coconut milk market is divided into tetra packs, cans, bottles, pouches, and cartons.
In terms of end-use applications, the cooking coconut milk market is divided into bakery products, beverages, soups & sauces, dairy products, ready meals, and B2C.
In terms of region, the global cooking coconut milk market is divided into North America, Latin America, Western Europe, South Asia & Pacific, East Asia, Middle East & Africa.
The global cooking coconut milk market is estimated to account for USD 1.03 billion in 2025 and is expected to reach USD 2.3 billion by 2035.
The cooking coconut milk market is projected to grow at a CAGR of 8.4% from 2025 to 2035.
Key players in the cooking coconut milk market include Thai Agri Foods, McCormick & Company, Goya Foods, Danone (Silk), and WhiteWave Foods.
Regions such as North America, Europe, and South Asia & Pacific are likely to create lucrative opportunities for cooking coconut milk market players.
Explore Convinience Food Insights
View Reports
Cooking Coconut Milk Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
