Preheat oven to 350 degrees. Line the bottom of a 9x5" loaf pan with parchment paper and spray with non-stick baking spray. Set aside.
In a large mixing bowl, combine the carrots, eggs, oil, yogurt, coconut, raisins and vanilla. Stir until combined.
In a separate bowl, sift together the flour, sugar, baking powder, cinnamon, salt, baking soda and nutmeg.
Gradually add the dry ingredients to the wet ingredients and stir until combined.
Pour the batter into the prepared pan, and bake at 350 for 58-62 minutes. Test by inserting a toothpick into the center of the bread. When the toothpick comes out crumb-free, the bread is done.
Let the bread cool for 5 minutes in the pan, run a knife along the edges and remove from the pan. Remove the waxed paper, and let cool on a cooling rack.
Stir together the powdered sugar, cream cheese and milk to create a glaze. Drizzle over the top of the warm bread. Slice and serve.
The calories shown are based on the bread being cut into 10 pieces, with 1 serving being 1 slice of bread with glaze. Since different brands of ingredients have different nutritional information, the calories shown are just an estimate.