April 05, 2022
The business intelligence report titled ‘Global Coconut Water Market - Analysis By Form, By Packaging, By Distribution Channel, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, claims that the global coconut water market is anticipated to exhibit a healthy growth rate through 2027.
Industry veterans are of the opinion that increasing number of quick service restaurants that serve coconut water mixes, government initiatives that promote coconut farming, rising inclination towards a healthy lifestyle, and significant funds directed towards coconut cultivation are the factors aiding global coconut water market growth.
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Notably, coconut water possesses many health benefits. It is a good source of nutritional ingredients such as fiber, magnesium, minerals, calcium, potassium, and vitamins that revitalize the body which makes it an excellent choice for gym goers and sports enthusiasts. Moreover, it is known to minimize the risk of heart attacks which has improved product uptake over the past few years.
Based on form, the market is divided into liquid and powder. The liquid segment accounted for a sizable share in 2021 and is expected to continue an upward growth trend in the ensuing years. Coconut water in its liquid form can be consumed on-the-go and it aids in maintaining physiological function and brain power which has positively impacted segmental expansion.
Apart from the aforementioned, the worldwide coconut water industry is also studied from the perspective of distribution channel (online, offline), packaging (bottle, tetra pack, others) and region (North America, Europe, Asia Pacific). All the sub-markets are individually assessed with respect to critical metrics like size, shares, and growth rate over the forecast period.
From a regional frame of reference, Asia Pacific is anticipated to witness strong growth trends during the analysis period, attributable to proliferating demand for coconut in emerging markets within the landscape.
Considering the competitive framework, Vita Coco Company, Goya Foods, Inc., Harmless Harvest Inc., Holos Integra, Celebes Coconut Corporation, PepsiCo.Inc., Grace Kennedy Ltd, C20 Pure Coconut Water LLC, The Coconut Collaborative, Edward & Sons Trading Company Inc. and The Coca Cola Company are the major players impacting global coconut water market trends. These companies are focusing on improving their production capacity and improving supply chain to elevate their position in the marketplace.