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

Tesco Sells 2.5 Million Vegan Meals in 20 Weeks

The supermarket chain more than doubled its sales projections of new vegan line Wicked Healthy.
Read More »

Nevada Steakhouse Debuts Vegan Menu

Hank's Fine Steaks & Martinis added a separate menu with plant-based cauliflower steaks, stuffed eggplant, and two decadent desserts.
Read More »

Aussie Pub Creates Vegan Filet-O-Fish

Eatery Two-Bit Villains now hosts weekly vegan pub nights complete with plant-based popcorn chicken, nachos, and a vegan version of the popular fish-based sandwich.
Read More »

Friday's "Felicia" Opens Vegan Version of Chipotle

Actress-turned-vegan-chef Angela Means Kaaya to re-open Jackfruit Cafe—which she previously operated out of a doughnut shop—this summer.
Read More »

Meaty Vegan Shop Sister Seitan Opens in UK

New woman-owned restaurant Sister Seitan is slinging vegan chicken burgers and mac and cheese in Kent.
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 »