Newark, NJ, Feb. 02, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the is expected to grow from USD 4.88 billion in 2020 to USD 13.82 billion by 2028, at a CAGR of 13.9% during the forecast period 2021-2028.
Certain key factors are boosting the growth of the global coconut water market, like rising health consciousness to upkeep a healthy lifestyle, good taste, and nutritional benefits. Coconut water is marketed as a natural diuretic, cholesterol-reducer, digestive soother, and dehydrator.
Coconut water is a drink rich in electrolytes along with being low in sugar. Coconut is a highly nutritious fruit with extremely low amounts of fat and high-water content. It is gaining popularity among athletes & gym-goers as a natural alternative to conventional sports drinks that provides exceptional hydration properties. It contains numerous antioxidants that assist in alleviating stress. Coconut water has also proven to be beneficial for many chronic diseases like kidney stones, blood pressure, diabetes, and cardiovascular diseases. It is sweet-tasting, isotonic and high in potassium.
With the outbreak of a global pandemic, many have faced salary cuts and job losses. Covid-19 has become a threat to the entire world's economy and has negatively impacted all kinds of markets, including the coconut water market. With less disposable income and broken supply chains, the market's growth is expected to slow down. Overconsumption of coconut water can also lead to health complications.
DOWNLOAD FREE SAMPLE REPORT AT https://www.fiormarkets.com/report-detail/419152/request-sample
Key players operating in the global coconut water market include Naked Juice Company, Celebes Coconut Corporation, C2O Pure Coconut Water, L.L.C., The Coca-Cola Company (ZICO), Elegance Brands, Inc., COCOZIA, All Market Inc., New Age Beverages Corporation, Vaivai S.A.S., PepsiCo (O.N.E. Coconut Water), and Harmless Harvest, among others. To gain a significant market share in the global coconut water market, the key players are now focusing on adopting strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships. C2O Pure Coconut Water, L.L.C. and Celebes Coconut Corporation are some of the biggest producers and suppliers of coconut water in the global market.
- For instance, Harmless Harvest introduced a new product in September 2019 under the name Protein & Coconut. This coconut water drink is available in different flavors like vanilla spice, chocolate, and toasted coconut. It also consists of a protein blend sourced from pea, sunflower, and pumpkin. Protein & Coconut is branded as a nutritious, refreshing drink suitable for health-conscious snacking.
Liquid segment dominated the market and was valued at USD 3.42 billion in the year 2020
The form segment consists of liquid and powder. The liquid segment dominated the market and was valued at USD 3.42 billion in the year 2020. Many manufacturers in the market offer packaged coconut water in liquid form since they are ready for consumption.
Tetra pack dominated the market and held the largest market share of 40.1% in the year 2020
Based on packaging, the coconut water market has been divided into plastic bottle, tetra pack, and others. The tetra pack segment dominated the market and held the largest market share of 40.1% in the year 2020. The large share of this segment can be attributed to important factors like high longevity (long shelf-life) and lightweight packaging. The multiple layers of a tetra pack keep the contents safe from bacteria & microbes using different layers of aluminum and paperboard polymers. This segment has also been projected to grow at the highest CAGR over the next few years.
Offline dominated the market and was valued at USD 3.01 billion in the year 2020
On the basis of distribution channel, the global market has been segmented into online and offline. The offline segment dominated the market and was valued at USD 3.01 billion in the year 2020. Offline stores have large amounts as well as a variety of goods available with them and can act as a one-stop solution for everyday shopping needs. Hence, these stores are preferable when it comes to buying groceries and other consumer goods. With better economies of scale coming from large-scale operations, selling overheads are also reduced.
Browse full report with TOC at https://www.fiormarkets.com/report/coconut-water-market-by-form-liquid-powder-packaging-419152.html
Regional Segment Analysis of the Coconut Water Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and Rest of South America)
- Middle East and Africa (U.A.E., South Africa, Rest of M.E.A.)
On the basis of geography, the global coconut water market has been classified into North America, Europe, South America, Asia Pacific, and Middle East and Africa. The South America region accounted for the major market share of 34.86% in the year 2020 and is anticipated to grow throughout the projected period. The large share of this segment is attributed to key factors such as its nutritional benefits, high popularity, easy availability of coconuts due to many tropical regions, and its capability to cure hangovers. It is a part of the everyday diet in Latin American countries like Brazil. On the other hand, the Europe region is expected to grow at the highest CAGR during the forecast period from 2021-2028. This growth is owing to factors like the increasing demand for healthy alternatives to beverages like Pepsi & Coke among millennials and the low price of coconut water drinks.
Request for Customization: https://www.fiormarkets.com/enquiry/request-customization/419152
About the report:
The global coconut water market is analyzed on the basis of value (USD Billion), volume (K Litres), export (K Litres), and import (K Litres). All the segments have been analyzed on a global, regional, and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
For Instant Purchase: https://www.fiormarkets.com/checkout.html?reportid=419152&type=single
Customization of the Report:
The report can be customized as per client requirements. For further queries, you can contact us on sales@fiormarkets.com or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.
About Fior Markets
Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.
Contact Us
Avinash D
Head of Business Development
Phone: +1-201-465-4211
Email: sales@fiormarkets.com
Web: www.fiormarkets.com
To Know More Market Research Reports and Industry Analysis, Visit our Associate Website: https://marketandresearch.biz
Related Reports
Alpha-Amylase Baking Enzyme Market - https://www.fiormarkets.com/report/alpha-amylase-baking-enzyme-market-by-source-fungi-bacteria-396099.html
Industrial Hemp Market - https://www.fiormarkets.com/report/industrial-hemp-market-by-product-seeds-fiber-shivs-399143.html
Galacto-Oligosaccharide (GOS) Market - https://www.fiormarkets.com/report/galacto-oligosaccharide-gos-market-by-product-syrup-powder-end-399144.html
Functional Proteins Market - https://www.fiormarkets.com/report/functional-proteins-market-by-type-hydrolysates-casein-caseinates-soy-399147.html
Subscribe via RSS
Pune, INDIA
