| Label | Liquid | Powder |
|---|---|---|
| 2016 | 28.3 USD Mn | 13.1 USD Mn |
| 2017 | 32.5 USD Mn | 15.1 USD Mn |
| 2018 | 37.3 USD Mn | 17.3 USD Mn |
| 2019 | 42.9 USD Mn | 20 USD Mn |
| 2020 | 49.3 USD Mn | 23 USD Mn |
| 2021 | 56.7 USD Mn | 26.5 USD Mn |
| 2022 | 65.2 USD Mn | 30.6 USD Mn |
| 2023 | 75 USD Mn | 35.3 USD Mn |
Data Source: Wantstats Repository
Coconut milk has been a staple ingredient in many South Asian and Southeast Asian cuisines for centuries, but its popularity has spread to other parts of the world in recent years. This has been particularly true for Germany, where the demand for coconut milk has been on the rise. The increasing interest in plant-based alternatives and the versatility of coconut milk as a cooking and baking ingredient have been the main drivers of this demand. One of the factors contributing to the growing demand for coconut milk in Germany is the increasing number of consumers looking for plant-based alternatives. With the rise in health and environmental concerns, many people have been shifting towards a more plant-based diet. Coconut milk, which is made by extracting the liquid from grated coconut meat, serves as a perfect alternative to dairy milk for those who are lactose-intolerant or follow a vegan diet. It has a rich and creamy texture, making it an ideal substitute for traditional cow's milk in recipes. Moreover, the versatility of coconut milk has also played a significant role in driving its demand in Germany.
It is used in both savory and sweet dishes, and its unique flavor can enhance the taste of various cuisines. In addition to being a popular ingredient in traditional Asian dishes, coconut milk has also found its way into Western cuisine, being used in everything from curries and soups to smoothies and desserts. This versatility has made coconut milk a go-to ingredient for many home cooks and professional chefs alike, further boosting its demand in the German market. Consumers in Germany have also become increasingly health-conscious, with many opting for products with natural and clean ingredients. Coconut milk, being free of additives and preservatives, has become a popular choice for those looking for healthier alternatives to processed and packaged products. Its high nutritional value, including healthy fats and essential vitamins and minerals, has further added to its appeal, making it a sought-after ingredient in both home cooking and food products. In conclusion, the demand for coconut milk in Germany is expected to continue to grow, driven by factors such as the increasing interest in plant-based alternatives, its versatility as a cooking ingredient, and its health benefits.
As more consumers become aware of the benefits and culinary uses of coconut milk, its market share in Germany is likely to expand further in the coming years.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Germany Coconut Milk Market, By Form 2016–2023
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