Market overview
The global UHT coconut milk market is worth USD 1.6 bn in 2026 and is forecast to reach USD 3.1 bn by 2036, growing at a 6.5% CAGR. United States is the largest country market and Cooking coconut milk and cream is the largest by use segment.
| Scope | Shelf-stable UHT coconut milk and coconut cream in cartons, pouches and bottles for cooking, drinking and barista use. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 1.6 bn |
| Value 2026 | USD 1.6 bn |
| Value 2036 | USD 3.1 bn |
| CAGR 2026-2036 | 6.5% |
| Volume 2026 | 714 million litres |
| Volume 2036 | 1,213 million litres |
| Average price 2026 | USD 2.30 per litre |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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UHT Coconut Milk market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 1.6 bn |
| 2027 | USD 1.7 bn |
| 2028 | USD 1.9 bn |
| 2029 | USD 2.0 bn |
| 2030 | USD 2.1 bn |
| 2031 | USD 2.3 bn |
| 2032 | USD 2.4 bn |
| 2033 | USD 2.6 bn |
| 2034 | USD 2.7 bn |
| 2035 | USD 2.9 bn |
| 2036 | USD 3.1 bn |
UHT Coconut Milk market segmentation
By use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Cooking coconut milk and cream | 54.0% | 47.4% | USD 887 mn | 5.1% |
| Drinking coconut milk | 30.0% | 34.9% | USD 493 mn | 8.1% |
| Barista and dairy alternative | 16.0% | 17.7% | USD 263 mn | 7.6% |
By pack
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Cartons | 74.0% | 73.6% | USD 1.2 bn | 6.4% |
| Pouches | 14.0% | 13.3% | USD 230 mn | 5.9% |
| Bottles | 12.0% | 13.1% | USD 197 mn | 7.4% |
By fat content
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Full-fat | 52.0% | 49.0% | USD 854 mn | 5.9% |
| Reduced-fat | 30.0% | 31.0% | USD 493 mn | 6.8% |
| Ultra-light | 18.0% | 20.0% | USD 296 mn | 7.6% |
By channel
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Supermarkets and hypermarkets | 46.0% | 44.0% | USD 756 mn | 6.0% |
| Ethnic and traditional stores | 20.0% | 18.0% | USD 329 mn | 5.4% |
| Online | 12.0% | 16.0% | USD 197 mn | 9.6% |
| Foodservice and catering | 22.0% | 22.0% | USD 361 mn | 6.5% |
By nature
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Conventional | 80.0% | 74.0% | USD 1.3 bn | 5.7% |
| Organic | 12.0% | 16.0% | USD 197 mn | 9.6% |
| Fair trade and certified | 8.0% | 10.0% | USD 131 mn | 8.9% |
Top 25 countries for UHT coconut milk by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 69.0% of 2026 revenue and the 25 countries below together hold 94.2%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 230 mn | 14.0% | USD 435 mn | 6.6% |
| 2 | Indonesia | USD 164 mn | 10.0% | USD 284 mn | 5.6% |
| 3 | India | USD 131 mn | 8.0% | USD 287 mn | 8.1% |
| 4 | United Kingdom | USD 115 mn | 7.0% | USD 216 mn | 6.5% |
| 5 | Malaysia | USD 99 mn | 6.0% | USD 160 mn | 5.0% |
| 6 | Thailand | USD 99 mn | 6.0% | USD 160 mn | 5.0% |
| 7 | China | USD 82 mn | 5.0% | USD 188 mn | 8.6% |
| 8 | Philippines | USD 82 mn | 5.0% | USD 148 mn | 6.1% |
| 9 | Germany | USD 66 mn | 4.0% | USD 123 mn | 6.5% |
| 10 | Australia | USD 66 mn | 4.0% | USD 117 mn | 6.0% |
| 11 | Canada | USD 48 mn | 2.9% | USD 84 mn | 5.6% |
| 12 | France | USD 38 mn | 2.3% | USD 66 mn | 5.6% |
| 13 | Singapore | USD 34 mn | 2.1% | USD 67 mn | 6.8% |
| 14 | Netherlands | USD 31 mn | 1.9% | USD 54 mn | 5.6% |
| 15 | Vietnam | USD 31 mn | 1.9% | USD 73 mn | 8.9% |
| 16 | Sri Lanka | USD 28 mn | 1.7% | USD 53 mn | 6.8% |
| 17 | Saudi Arabia | USD 28 mn | 1.7% | USD 59 mn | 7.9% |
| 18 | Japan | USD 28 mn | 1.7% | USD 48 mn | 5.7% |
| 19 | Brazil | USD 24 mn | 1.5% | USD 47 mn | 6.9% |
| 20 | Italy | USD 24 mn | 1.5% | USD 42 mn | 5.6% |
| 21 | United Arab Emirates | USD 24 mn | 1.5% | USD 52 mn | 7.9% |
| 22 | Mexico | USD 21 mn | 1.3% | USD 40 mn | 6.8% |
| 23 | Spain | USD 21 mn | 1.3% | USD 36 mn | 5.6% |
| 24 | South Africa | USD 17 mn | 1.1% | USD 33 mn | 6.8% |
| 25 | Hong Kong | USD 17 mn | 1.1% | USD 30 mn | 5.7% |
| Rest of world | USD 95 mn | 5.8% | USD 183 mn | 6.7% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Thai Agri Foods
- Theppadungporn Coconut
- Nature's Charm
Group 2: Regional and specialist players
- Ayam Brand
- Edward & Sons
- Goya Foods
- Grace Foods
- Taste Nirvana
- KTC Edibles
- Thai Kitchen
Group 3: Emerging and niche players
- Pulau Sambu
- Coconut Merchant
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the UHT coconut milk market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.5% is calculated from the resulting values.
The market is divided by use, by pack, by fat content, by channel, by nature. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the UHT coconut milk market?
The global UHT coconut milk market is estimated at USD 1.6 bn in 2025 and USD 1.6 bn in 2026.
How fast will the UHT coconut milk market grow?
It is forecast to reach USD 3.1 bn by 2036, a compound annual growth rate of 6.5% from 2026, an increase of USD 1.4 bn.
Which country is the largest market for UHT coconut milk?
United States is the largest market by revenue at USD 230 mn in 2026, 14.0% of the global total. The three largest countries together hold 32.0%.
Which country is growing fastest?
Among the ten largest markets, China is growing fastest at 8.6% a year from 2026 to 2036.
Which UHT coconut milk segment is largest?
In the by use split, Cooking coconut milk and cream is the largest segment with 54.0% of 2026 revenue.
Who are the leading UHT coconut milk companies?
Global leaders include Thai Agri Foods, Theppadungporn Coconut, Nature's Charm.
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