The global coconut milk market was valued at $1.1 billion in 2019 and is expected to reach $2.9 billion by 2027, growing at a CAGR of 17.1% during the forecast period. In 2019, conventional coconut milk accounted for over half of the total market. Coconut milk is produced from fresh grated coconut kernels and exists in both diluted and concentrated forms, called coconut milk and coconut cream respectively. It is used in various recipes like curries and fish/meat dishes as well as bakery products and desserts. Skimmed coconut milk also serves as a protein supplement while coconut milk/cream is used in beverages, cocktails, and for skin care due to its moistur