News

Veganism Fueling Global Demand for Coconut Milk

The coconut milk industry is expected to boom as the world population continues to steer clear of cow's milk.

A recent report by market research firm Transparency Market Research (TMR) credited a rise in the world vegan population to driving the growth of the coconut milk industry. During the forecast period of 2016 to 2024, TMR predicted significant growth in the industry, attributed also to the growing knowledge of the health benefits of coconut milk. “There has been a significant rise in the vegan population due to increased concern about the environment and animals,” TMR stated. “The adoption of natural food products and consumer preference for a vegan diet has fuelled [sic] the demand for coconut milk globally.” Currently, North America and Europe are among the top regions where the increase in demand for coconut milk is the highest. TMR’s prediction adds a number of recent market research reports that predict significant growth in the global plant-based industry, including tofu and plant-based yogurt, which are predicted to reach $24 billion by 2022 and $7.4 billion by 2027, respectively.

More News

Avocados That Last 50 Percent Longer Debut at Costco

The popular toast-topper is wrapped in an organic plant-based preservation skin made by tech company Apeel Sciences.
Read More »

80-Year-Old Food Brand Goes Vegan

Heritage Health Food plans to transition its entire brand to be free of animal products by 2019 and launch innovative new vegan foods geared to mainstream markets.
Read More »

Canada's Senate Passes Cruelty-Free Cosmetics Act

Cruel cosmetic testing on animals may soon become a thing of the past in Canada.
Read More »

Month-Long Vegan Festival Kicks Off in London

V For festival will hosts events featuring vegan food, cruelty-free fashion, art, and fitness throughout the month of August.
Read More »

Vegan Cheese Sales Spike by 45 Percent in 52 Weeks

Consumer research firm Nielsen reveals new consumer statistics, including that African-Americans are 48 percent more likely than the average American consumer to purchase vegan food.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »