May 2026 – Coconut milk powder has evolved from a traditional Southeast Asian ingredient into a key player in the global plant-based and dairy-alternative market. Valued at USD 1.15 billion in 2025, it is projected to grow at a CAGR of 13.85% from 2026 to 2034.

Key drivers behind its rapid adoption:

• Rising lactose intolerance, vegan and flexitarian lifestyles；

• Strong demand for clean-label, natural, and additive-free products；

• Wide applications in beverages, bakery, sauces, and ready meals, with strong demand across Asia, the Middle East, and Africa；

• Long shelf life, easy storage, and low logistics costs, ideal for tropical climates and cross-border trade.

China is a fast-growing market, reaching CNY 4.28 billion in 2025 (+18.3% YoY), outpacing the average growth of plant-based drinks. With certifications including HACCP, ISO22000, and HALAL, Chinese coconut milk powder is widely exported to Tanzania, Kenya, UAE, Malaysia, serving as a reliable global supply source.

By 2032, the global market is expected to exceed USD 4 billion, with deeper penetration in dairy-free milk, functional foods, and food service channels.