Global Coconut Milk Powder Market

The coconut milk powder market is expected to grow at a compound annual growth rate (CAGR) of 10.2% from USD 79.1 million in 2023 to USD 209.1 million by 2032. The market is being driven by an increasing number of individuals using these powdered forms as one of the more affordable and higher-stability substitutes for traditional coconut milk. After being opened, liquid coconut milk in a can or tetra pack typically has a shelf life of less than ten days, although powdered versions can be kept for more than thirty days. The method of drying out milk by evaporation gives these dehydrated products a long shelf life and aids in milk preservation. For individuals who like to buy groceries in bulk or who are unable to consistently purchase liquefied coconut milk, coconut milk powder is also regarded as a sustainable product.