New Zealand Coconut Milk and Cream Market Size
Market Size in USD Mn
CAGR7.9%
| Study Period | 2024-2031 |
| Base Year of Estimation | 2023 |
| CAGR | 7.9% |
| Market Concentration | High |
| Major Players | Thaicoconut., Tetra Pak International S.A., Kōkiri Coconut Milk, Ceylon Kokonati, Savaii Popo and Among Others |
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New Zealand Coconut Milk and Cream Market Analysis
The New Zealand Coconut Milk and Cream Market is estimated to be valued at USD 13.8 million in 2024 and is expected to reach USD 23.5 million by 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Consumers in New Zealand are increasingly adopting healthy and plant-based alternatives to dairy milk and cream. The demand for coconut milk and cream is driven by the popularity of Asian cuisines and health-conscious Kiwis looking for non-dairy options. The market is expected to witness steady growth over the forecast period. The growing vegan and vegetarian population, increasing incidence of dairy allergies and lactose intolerance, rising awareness about the health benefits associated with coconut milk and cream are some key factors expected to contribute to the growth of the coconut milk and cream market in New Zealand between 2024 and 2031.