Technavio's analysts forecast the global coconut cream market to grow at a CAGR of 15.32% during the period 2017-2021.
Coconut cream is a product which is similar to coconut milk but has less water content than coconut milk. The product can be diluted with water or used directly to make curries, sweets, desserts, puddings, and various other preparations. Coconut cream is used as an ingredient in bakery products and for flavoring food items. Chefs from all around the world are coming up with new recipes based on coconut cream and consumers who are enthusiastic about cooking are trying out these recipes. This is helping increase the demand for coconut cream around the globe.
The report covers the present scenario and the growth prospects of the global coconut cream market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Technavio's report, Global Coconut Cream Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The main reasons are rising levels of lactose intolerance and dairy allergies and increasing popularity of Asian cuisine. You can find a whole report here.