June 09, 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 valuation was USD 5391.22 million in 2021 and is anticipated to exhibit a healthy growth rate through 2027.
Expert researchers and analysts cite that increasing prevalence of quick service restaurants that incorporate coconut water mixes in innovative dishes, government policies aimed at encouraging coconut farming, and rising consumer inclination towards a healthy lifestyle are the major factors driving 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. The intake of liquid coconut water boasts of proven benefits such as maintaining optimum physiological function, cellular health, and brainpower.
Apart from form, worldwide coconut water industry is also evaluated in terms 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 from health-conscious populace.
Considering the competitive framework, Holos Integra, Harmless Harvest Inc., Goya Foods Inc., PepsiCo Inc., Grace Kennedy Ltd., Celebes Coconut Corporation, The Coconut Collaborative, C20 Pure Coconut Water LLC, Edward & Sons Trading Company Inc., Vita Coco Company, 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 enhancing supply chain to elevate their position in the marketplace.