The main difference between these two is the amount of water they contain. Carton coconut milk is a lot more dilated than coconut milk in the can. Carton coconut milk is texture wise more similar to dairy milk making it ideal for coffees, teas, cereal, smoothies and much more. Canned coconut milk is thicker and has a higher fat content, which gives it a creamy texture, ideal for curries, soups and baking.