The India coconut milk market was valued at USD 77.13 Million in 2025. The industry is expected to grow at a CAGR of 17.20% during the forecast period of 2026-2035. Rising household incomes, expansion of vegan population and shifting consumer lifestyles have resulted in the market likely attaining a valuation of USD 377.14 Million by 2035.
The India coconut milk market is experiencing strong global growth, driven by increasing consumer demand for plant-based and lactose-free alternatives. Widely used in cooking, beverages, and personal care products, coconut milk offers health benefits such as healthy fats and essential nutrients. For example, in April 2023, B Natural introduced packaged tender coconut water in two packaging sizes of 200ml and 750ml, reflecting consumer demand for healthier options. Rising awareness around vegan diets, along with expanding applications in packaged food and ready-to-drink segments, is further accelerating market expansion. With innovation in packaging, shelf life, and flavor varieties, manufacturers are targeting health-conscious consumers worldwide, especially in Asia-Pacific and Western markets.
In India, coconut milk holds both cultural and commercial relevance. It is a staple in South Indian cuisine and is increasingly popular across urban centers due to rising demand for dairy alternatives and natural food ingredients. Government support for coconut farming, along with initiatives promoting food processing and value-added products, is encouraging domestic production. India ranks as the world’s largest coconut producer, contributing approximately 31.45% of global output in 2021–22, with a total production of 19,247 million nuts. The crop added around ₹307,498 million (USD 3.88 billion) to the national GDP. Coconut farming supports food security and sustains livelihoods for over 12 million people, while the coir industry, based on coconut fiber, includes more than 15,000 units employing nearly 600,000 workers. As India continues to promote agribusiness and clean-label trends, coconut milk is poised to become a high-value segment within the country’s functional and health food category.
Further, the India coconut milk market value will increase with the booming tourism industry and the rising exposure to global cuisines. Coconut milk powder and cream are widely used in several recipes to offer an authentic taste. The growing focus on ethical sourcing as well as sustainable practices for attracting consumers is also encouraging brands, such as Axelum to emphasize on eco-friendly coconut milk production. The popularity of convenient packaging, such as pouches and cartons is further boosting the product sales. In August 2023, AXELUM Resources Corp. introduced its latest coconut milk powder in flexible retail pouches for boosting its branded portfolio.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
17.2%
Value in USD Million
2026-2035
*this image is indicative*
| India Coconut Milk Market Report Summary |
Description |
Value |
|
Base Year |
USD Million |
2025 |
|
Historical Period |
USD Million |
2019-2025 |
|
Forecast Period |
USD Million |
2026-2035 |
|
Market Size 2025 |
USD Million |
77.13 |
|
Market Size 2035 |
USD Million |
377.14 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
17.20% |
|
CAGR 2026-2035 - Market by Region |
South India |
19.6% |
|
CAGR 2026-2035 - Market by Region |
West India |
17.7% |
|
CAGR 2026-2035 - Market by Source |
Organic |
20.3% |
|
CAGR 2026-2035 - Market by Application |
Retail |
19.3% |
|
2025 Market Share by Region |
West India |
27.2% |
The surging consumer awareness of health benefits with regard to coconut milk and the surge in the prevalence of lactose intolerance will favour the India coconut milk market. According to industry reports, 61% of the Indian population is lactose intolerant. Lately, consumers are preferring plant-based and vegan alternatives due to their numerous health benefits. Brands, such as Dabur and Raw Pressery are also capitalising on this factor by turning coconut milk as nutritious dairy substitutes for smoothies and cooking.
The jump in the global demand for coconut-based products is fuelling the India coconut milk market development. According to industry reports, the coconut exports of India surpassed the Rs. 3,554.23 crore (USD 452.19 million) mark, rising 9.8% YoY in 2022-2023. India has around sixty-three major ports involved in exporting coconut and related products to global markets. Cochin port handles the largest volume of these exports, accounting for 30% of total shipments. Tuticorin port follows, managing 19% of India’s total coconut exports. Products like coconut cream and milk are seeing strong international demand, contributing significantly to the country's export portfolio.
The rapid expansion of the vegan population can be attributed to the increasing health consciousness, ethical considerations regarding animal welfare, and environmental concerns. The growing preference for plant-based diets has significantly influenced the demand for dairy alternatives, including coconut milk, which will favour the India coconut milk market revenue. According to industry reports, approximately 9% of the Indian population was vegan as of 2022. Vegan restaurants have also surged, particularly in urban centers like Mumbai, Delhi, and Bangalore.
The Indian coconut milk industry will benefit from growing advancements in processing that bring advanced extraction and packaging technologies to improve product quality and shelf life. For instance, in 2023, Thai Coco’s launched coconut milk in pouches to offer improved shelf stability for catering to the need for consumer convenience. This innovation aligns with the broader trend of incorporating user-friendly packaging that meets the needs of modern, health-conscious consumers seeking plant-based options.
The surge in the number of government policies for promoting coconut production and enhance supply will play a key role in the India coconut milk market expansion. In 2023, the Coconut Development Board with its relentless efforts helped in significantly contributing to the growth as well as sustenance of the coconut industry across the country. These include distributing high-quality planting materials, expanding cultivated areas, demonstrating and improving farming technologies, and promoting replanting and rejuvenation. The board also supports exporters by facilitating participation in global events, offering market promotion training, and developing international markets for coconut products.
The surging awareness of the health benefits associated with coconut milk as a response to counter the growing disease penetration is driving the India coconut milk market growth. Rich in medium-chain triglycerides (MCTs), coconut milk supports weight management and boosts metabolism. Its abundance of vitamins C and E, B-complex vitamins, and essential minerals like iron, magnesium, and calcium enhances its appeal as a nutritious dairy alternative. Companies such as Healthy & Smart Agro are introducing innovative, health-conscious coconut-based products under the 'HandS' brand. Their offerings, including vegan drinks and yogurts made from coconut milk and fresh fruit pulp, are free from preservatives and artificial additives.
The EMR’s report titled “India Coconut Milk Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Source
Key Insight: The increasing preference for organic products, driven by heightened health awareness and evolving dietary trends, is significantly expanding the coconut milk industry in India. Consumers are actively seeking natural, chemical-free alternatives, leading to a surge in demand for organic coconut milk. Programs like the National Mission on Natural Farming (NMNF) aim to establish natural farming clusters across various districts, enhancing the production of organic inputs and supporting farmers in adopting eco-friendly practices.
Breakup by Application
Key Insight: The growing demand for plant-based and dairy-free alternatives is significantly influencing the India coconut milk market, particularly within the food service sector. Coconut milk's versatility in dishes like Thai curries and vegan desserts has led to its increased adoption in restaurants, cafes, and catering services. This trend aligns with the broader shift towards health-conscious and inclusive dining options.
Breakup by Distribution Channel
Key Insight: Online platforms are increasingly favoured for coconut milk purchases in India due to the growth of the e-commerce sector. According to industry reports, India gained 125 million online shoppers from 2022 to 2024. Platforms, including Amazon are providing customer reviews, detailed product information, and bulk discounts. Health-conscious consumers, especially millennials are, thus, preferring the convenience of home delivery and eco-friendly packaging, adding to the segment growth.
Breakup by Region
Key Insight: The expanding trend of veganism due to the prevalence of lactose intolerance and the surging health awareness particularly in Kerala, and Karnataka will foster the South India coconut milk market development. The increase in coconut production and the strong demand for plant-based dairy alternatives is further making this region a significant producer of coconut milk. According to industry reports, Karnataka produced 595 crore coconuts during 2022-2023, meanwhile Kerala produced 563 crores in the same period.
|
CAGR 2026-2035 - Market by |
Region |
| South India |
19.6% |
| West India |
17.7% |
| East India |
XX% |
| North India |
XX% |
Regional Flavors Drive Demand for Coconut Milk-Based Innovations in India
The rising regional demand for conventional coconut milk is attributed to its robust ability to add creaminess, richness, and unique flavours to various dishes. In July 2024, Milma launched its tender coconut ice-cream: ready-to-drink Palada Payasam and tender coconut ice cream. These offerings aim to cater to the growing global demand for authentic regional flavors, especially among the Malayali diaspora. The Palada Payasam, a traditional Kerala dessert, is packaged using Microwave-Assisted Thermal Sterilisation (MATS) technology, granting it a shelf life of 12 months without preservatives.
Expanding Retail Sector Fuels Surge in Coconut Milk Consumption
The retail sector is expanding in the India coconut milk market due to increased consumer demand for plant-based and health-conscious products. Coconut milk, known for its lactose-free and dairy-free properties, is gaining popularity among individuals seeking alternatives to traditional dairy products. According to industry reports, lactose intolerance affected 1/3rd of the Indian population in 2024.
The processed food industry is benefiting from the versatility of coconut milk as an ingredient in various products such as cookies, cakes, soups, milkshakes, and ice cream. Its health benefits, including immune system support and reduced risk of critical illnesses, contribute to its widespread use in the food processing sector. The sector's growth is further supported by favourable government initiatives and technological advancements in food processing.
Supermarkets and hypermarkets Occupy a Large Share Due to the Wide Availability of Products
Supermarkets and hypermarkets are pivotal in the India coconut milk market, offering a wide range of products that cater to health-conscious consumers. The convenience of one-stop shopping and the availability of diverse coconut milk brands have bolstered their popularity. Retailers like Reliance, Big Basket, and Zomato Hyperpure are now offering a variety of coconut-based products, including ready-to-eat coconut chutneys, vegan drinks, and microwaveable multigrain meals.
The rise of urbanisation and busy lifestyles has led to an increased demand for ready-to-use products. Convenience stores meet this need by providing accessible and quick options for consumers. Their strategic locations and extended hours make them a preferred choice for purchasing coconut milk, especially among working professionals and urban dwellers.
Rising coconut production to drive West India coconut milk market
West India, including Gujarat and Maharashtra, is witnessing robust consumption of coconut milk, backed by the increasing urban demand for plant-based products. West India is also benefitting from the rising exports and the influx of health-conscious consumer trends. Major retail chains such as Reliance, Big Basket, and Zomato Hyperpure have expanded their presence in West India, making coconut milk more accessible to urban consumers. These platforms offer a variety of coconut milk products, catering to the growing demand in the region.
Key players in the India coconut milk market are focusing on expanding product portfolios to cater to growing consumer demand for plant-based and dairy-free alternatives. They are investing in R&D to enhance shelf life, flavor profiles, and nutritional value. Companies are also adopting clean-label formulations and eco-friendly packaging to align with health-conscious and environmentally aware consumers, while scaling up production capacities to meet both domestic and export-oriented requirements. In response to shifting consumption patterns, brands are increasing their presence across e-commerce platforms and modern trade channels. Marketing strategies now emphasize traditional appeal alongside contemporary health benefits, targeting both urban and diaspora consumers. These players are also strengthening sourcing networks with coconut farmers and cooperatives to ensure quality raw material supply. Additionally, partnerships with foodservice outlets and ready-to-cook meal providers are helping integrate coconut milk into a wider range of applications.
Founded in 1889, McCormick & Company, Inc., headquartered in Maryland, the United States is a global coconut milk provider. The company offers spices, condiments, seasoning mixes, and flavour solutions to food manufacturers, retailers, and foodservice firms.
Nutricia International Private Limited was established in 1896 and is headquartered in Zoetermeer, Netherlands. Nutricia International specializes in therapeutic food and infant formula to offer medical nutrition for infants having specific needs, such as dairy-free options, including coconut-based products.
Kaira Organic World, founded in 2017 and headquartered in Mumbai, India, is a global leader providing genuine organic products. The company offers organic food products, such as coconut milk, oils, and spices with strong focus on sustainable, and chemical-free agriculture.
Established in 2002, NK Dairy Equipments is headquartered in Yamunanagar, India and manufactures dairy processing equipment, such as machines for coconut milk extraction as well as packaging. NK Dairy’s offerings help to enable efficient production for small as well as large-scale manufacturers.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the India coconut milk market report are Adamjee Lukmanjee & Sons (Pvt) Limited, and others.
Download a free sample of the India coconut milk market trends report to uncover insights into product innovation, evolving consumer preferences, and retail channel strategies. Gain competitive intelligence and actionable data to tap into the rapidly growing dairy alternative segment. Expert Market Research delivers the clarity you need to make informed business decisions in a dynamic market.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 77.13 Million.
The market is projected to grow at a CAGR of 17.20% between 2026 and 2035.
The key players in the market report include McCormick & Company, Inc., Nutricia International Private Limited, Kaira Organic World, Adamjee Lukmanjee & Sons (Pvt) Limited, NK Dairy Equipments, and others.
Online platforms are the leading distribution channel as they are increasingly favoured for coconut milk purchases in India due to the growth of the e-commerce sector.
The key strategies boosting the market include the rising household incomes, expansion of vegan population and shifting consumer lifestyles.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Source |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
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