The global coconut milk market in 2024 is thriving, driven by the increasing popularity of plant-based alternatives and the growing demand for coconut-based products in the food and beverage industry. Coconut milk, known for its rich texture and versatility, has gained global recognition in both culinary and wellness circles. As the demand for healthier, non-dairy options continues to rise, coconut milk exporters are playing a critical role in meeting this global need. This article delves into the leading coconut milk exporters in 2024 and highlights key trends shaping the industry.In this blog, we will be discussing coconut milk suppliers across the globe. Also, whether you are looking for information on countries exporting coconut milk, global coconut milk exporters, or top destinations for global coconut milk exports, contact us through Tendata for better export data.

Global Coconut Milk Market Overview

In 2024, the total value of global coconut milk exports reached approximately $507.32 million, with 23,126 trades reported. The demand for coconut milk continues to rise globally, driven by the increasing popularity of dairy alternatives and coconut-based products. The market for coconut milk is fueled by trends toward vegan and plant-based diets, as well as the expanding consumer interest in organic and clean-label food products.

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Leading Coconut Milk Exporters in 2024

In 2024, the coconut milk export market is highly competitive, with several key players leading the charge in global sales. Here are the top coconut milk exporters by market share and export value:

1. PT INDO WORLD – $69.07 Million (13.61% of Total Exports)

PT INDO WORLD, based in Indonesia, is the largest coconut milk exporter in 2024, accounting for 13.61% of the total market share with exports valued at $69.07 million. Indonesia's abundant coconut production and established export infrastructure have positioned PT INDO WORLD as a leader in the global coconut milk trade, catering to markets in Asia, Europe, and North America.

2. CÔNG TY TNHH THẾ GIỚI VIỆT – $68.5 Million (13.5%)

Following closely behind is CÔNG TY TNHH THẾ GIỚI VIỆT from Vietnam, with a market share of 13.5%, translating to $68.5 million in exports. Vietnam has emerged as a significant supplier of coconut-based products, and this company's strong presence in global markets reflects the country's growing importance as a coconut milk exporter.

3. NESTLE LANKA PLC – $37.32 Million (7.36%)

NESTLE LANKA PLC, a subsidiary of the global food giant Nestlé, ranks third with $37.32 million in exports, accounting for 7.36% of the market share. The company's reputation for quality and innovation in food products has helped it secure a significant position in the coconut milk export sector. Nestlé Lanka exports to diverse markets across Asia, Europe, and the Americas.

4. PT PULAU SAMBU – $28.17 Million (5.55%)

PT PULAU SAMBU, another Indonesian company, has a share of 5.55%, with $28.17 million in exports. Known for its high-quality coconut products, PT PULAU SAMBU exports a wide range of coconut milk products to both established and emerging markets, including the Middle East and Southeast Asia.

5. CÔNG TY CỔ PHẦN XUẤT NHẬP KHẨU BẾN TRE – $23.27 Million (4.59%)

Vietnam-based CÔNG TY CỔ PHẦN XUẤT NHẬP KHẨU BẾN TRE is ranked fifth, with exports valued at $23.27 million, contributing 4.59% to the global coconut milk export market. The company's commitment to producing organic and high-quality coconut milk has gained it a loyal following in international markets.

6. CÔNG TY TNHH CHẾ BIẾN DỪA LƯƠNG QUỚI – $16.35 Million (3.22%)

CÔNG TY TNHH CHẾ BIẾN DỪA LƯƠNG QUỚI, also based in Vietnam, holds a market share of 3.22%, with $16.35 million in coconut milk exports. The company has focused on expanding its reach in both local and international markets, delivering top-quality coconut milk products to meet diverse consumer needs.

7. CBL GLOBAL FOODS LTD – $15.86 Million (3.13%)

CBL GLOBAL FOODS LTD, a Sri Lankan exporter, is another significant player in the coconut milk market, contributing 3.13% of the total market with exports worth $15.86 million. The company's strong focus on organic and sustainable practices has helped it grow its footprint in the global market.

8. NDC EXPORTS PVT LTD – $14.07 Million (2.77%)

With a market share of 2.77%, NDC EXPORTS PVT LTD from Sri Lanka exported $14.07 million worth of coconut milk in 2024. Known for its efficient production processes and quality assurance, NDC EXPORTS has built a solid presence in the international market for coconut products.

9. CÔNG TY TRÁCH NHIỆM HỮU HẠN DỪA HẢI XUẤT NHẬP KHẨU – $13.71 Million (2.7%)

Another important player from Vietnam is CÔNG TY TRÁCH NHIỆM HỮU HẠN DỪA HẢI XUẤT NHẬP KHẨU, with $13.71 million in exports, which accounts for 2.7% of global coconut milk exports. The company is known for its diverse product range and consistent product quality, which has helped it expand its global market share.

10. RENUKA AGRI FOODS PLC – $11.56 Million (2.28%)

RENUKA AGRI FOODS PLC rounds out the top 10, contributing 2.28% of the global market share, with $11.56 million in coconut milk exports. Based in Sri Lanka, the company has made significant strides in increasing its export volume by focusing on quality production and sustainable practices.

Above we have mentioned the top global coconut milk exporters. Apart from this, many other exporters also play a vital role in global export of coconut milk from all over the world. Also, explore our coconut milk export data at Tendata to get a complete list of all the active exporters of coconut milk globally and overseas.

Key Trends in the Coconut Milk Export Industry

1. Rising Demand for Plant-Based Alternatives: As more consumers shift towards plant-based diets, the demand for coconut milk as a dairy-free and versatile ingredient continues to soar. This trend is particularly strong in regions like North America, Europe, and Asia, where plant-based products are gaining traction.

2. Sustainability and Organic Products: Consumers are becoming more conscious of sustainability and the environmental impact of food production. Coconut milk exporters are responding to this by focusing on organic certification, eco-friendly packaging, and ethical sourcing practices to appeal to environmentally aware consumers.

3. Innovations in Product Offerings: Coconut milk exporters are diversifying their product offerings to cater to various consumer preferences. This includes introducing flavored coconut milk, ready-to-use coconut cream, and products fortified with additional nutrients such as vitamins and minerals.

4. Geopolitical Factors and Trade Agreements: As with other agricultural exports, coconut milk trade is influenced by global geopolitical factors, including trade agreements and tariffs. Suppliers in Southeast Asia, particularly Vietnam, Indonesia, and Sri Lanka, benefit from favorable trade agreements and established export networks to major markets.

5. Increased Consumer Awareness of Health Benefits: The growing awareness of the health benefits of coconut milk, including its lactose-free nature, high levels of healthy fats, and vitamins, has significantly boosted its popularity among health-conscious consumers worldwide.

Conclusion

The global coconut milk market in 2024 is thriving, with key exporters from Southeast Asia, including Vietnam, Indonesia, and Sri Lanka, leading the charge. These exporters have successfully tapped into the increasing global demand for plant-based alternatives, driven by trends in health, sustainability, and ethical consumption.

As the coconut milk market continues to grow, these coconut milk exporters will remain pivotal in shaping the industry's future. With innovations in product offerings, a focus on quality and sustainability, and the ongoing rise of plant-based diets, the global coconut milk market is set for continued expansion in the coming years.

Tendata is the premium solution for finding coconut milk suppliers across the globe. One can easily get the list of global coconut milk exporters and their previous shipment value through Tendata. Just check the latest global coconut milk export data on our platform and you can view the entire list of coconut milk HS codes. It is the leading export data source providing import and export data for more than 218 countries/territories.

Moreover, if you have any questions regarding exporter data, HS codes or coconut milk export data, please feel free to contact Tendata.Our professionals will do their best to help you. Get a free live demo today!