14-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Coconut Water Market By Variants (Natural, and Flavored), By Packaging (Paper and Paperboard, Metal, and Plastic), and By Distribution (Hypermarket And Supermarket, Convenience Stores, Specialty Stores, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Coconut Water market in 2019 was approximately USD 3 Billion. The market is expected to grow at a CAGR of 20% and is anticipated to reach around USD 10 Billion by 2026.
Coconut water is the safest mean of drink consumption. Coconut water is a prominent source of minerals such as calcium, sodium, magnesium, potassium, and manganese. It is also the vital source of vitamin C. Apart from minerals it also has antioxidant properties. It helps to maintain blood pressure and insulin level in human beings. Owing to these reasons it is used as a prevention against diabetes, kidney stones, and cardiovascular diseases.
An increase in awareness regarding health is estimated to propel the demand for the coconut water market in the forthcoming years. People are cutting out high calory and sugar drinks from their diet. Due to the rise in health awareness, people are focusing on carrying healthy food during their traveling. Flavored coconut water is considered as the best substitute for the “On the Go” food. However, the high pricing of packaged coconut drinks is estimated to shift the consumers to alternative substitutes.
Browse the full “Coconut Water Market By Variants (Natural, and Flavored), By Packaging (Paper and Paperboard, Metal, and Plastic), and By Distribution (Hypermarket And Supermarket, Convenience Stores, Specialty Stores, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/coconut-water-market-by-variants-natural-and-flavored-1304
Based on the variant based segmentation the market is bifurcated in the natural and flavored categories. Natural coconut water has fetched a significant demand over the flavored coconut water owing to the benefits of the drink on the human body. Also, sugar content and calories are in the right proportion. The natural category is estimated to occupy the major market share in the forthcoming years.
Based on the packaging based segmentation the market is bifurcated in the paperboard, metal, and plastic categories. Plastic is degradable. The consumption of the drink stored in the plastic packaging may lead to an invitation for carcinogenic diseases. However, metal packaging for the coconut is costly. An increased cost of packaging may increase the cost of the end product. An increased end cost of the coconut water may hamper the sales. Owing to these reasons manufacturers are shifting towards environmentally safe and ecofriendly packaging. Therefore, paper and paperboard based coconut water are estimated to gain a significant market share in the forthcoming years.
Based on the regions the report is bifurcated in regions such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asian countries are the leading supplier of the coconuts. The region generates around 75% of the global coconut supply. The consumption of coconut water is significant in tropical countries. South Africa is projected to become the fastest growing market for the packaged coconut water owing to the end consumer’s mindset. The European market is also estimated to upsurge owing to the rising awareness regarding fitness.
The competitors of the coconut water possess intense rivalry among each other. The key players in the market include Amy and Brian Naturals, COPRA Inc., Coca-Cola, Navitas Naturals, Green COCO, COCOZIACoco Libre, PepsiCo, Celebes Coconut Corporation, Vita-Coco, and Harmless Harvest.
This report segments the Coconut Water market as follows:
Global Coconut Water Market: By Variant Segmentation Analysis
Global Coconut Water Market: By Packaging Segmentation Analysis
Global Coconut Water Market: By Distribution Segmentation Analysis
Global Coconut Water Market: Regional Segmentation Analysis
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