The COVID-19 pandemic has been spread across all continents. Europe had become the epicenter of the disease, with other countries such as America and Africa showed rising number of cases daily. In addition, few south Asian countries such as India, Thailand and Nepal have seen drastically increase in number of cases. The COVID-19 pandemic has created health crisis as well as deepened economic, political and social crisis worldwide. Major cities across the world have hugely impacted as people are staying indoor essentially due to lockdown. Moreover, all outdoor spots such as restaurants, bars, theaters, shops, malls and boutiques have shut down. This is additionally anticipated to lead to loss of employment and income. The coronavirus pandemic has generated unprecedented crisis on the food & beverage sector.

The impacts of COVID-19 on the Coconut Milk Market?
Coconut milk refers to the oil-protein-water mixture that is usually made from fresh grated coconut kernels. It is used to make various recipes such as fish & meat dishes and curries. In addition, it is also used in the preparation of bakery products, desserts, sweets, and for coconut milk flavoring as well as skimmed coconut milk is also used as a protein supplement. Moreover, coconut milk is also used in beverages, cocktails, and alcoholic drinks as well as has moisturizing and nourishing properties making it useful for skin care. Due to COVID-19 pandemic there is various opportunities for many private players in the coconut milk market to meet the increased demand for such nutritious products, which benefited coconut milk manufacturers.

The outbreak of Covid-19 pandemic has impacted consumer as they are now more conscious about their health. Furthermore, they are opting various techniques as well as supplements to stay healthy. Thus, consumer demand has increased for coconut milk to support their body, increase immune health, and reduce anxiety. In addition, there is a disruption in supply chain because many countries have put restriction. Manufactures are facing huge problems in the supply of raw material with growing demand. On the other hand, they are taking preventive measures to meet the demand of consumers and also ensuring the safety of workers. However, online sales channels are significantly increasing to meet the demand of customers as many retail stores are closed. Moreover, many companies are opting for D2C distribution channels to increase the supply.

Rise in consumption of nutritious drinks

Due to various benefit such as it lowers blood pressure and cholesterol, builds muscle and helps to reduce fat as well as it is rich in electrolytes and can prevent fatigue. In addition, it can assist in weight loss, improves digestion as well as relieves constipation create huge demand in coconut milk market. Moreover, coconut milk has a thick consistency and a rich texture which can be a tasty substitute for cow’s milk. Furthermore, there is lots of opportunities for manufacturers in coconut milk market to make such healthier products more affordable.

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