Coconut Water Market

Market Overview:

The global coconut water market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.5 Billion by 2028, exhibiting a growth rate (CAGR) of 16.5% during 2023-2028.

Coconut water is the clear liquid found inside green coconuts. It has a sweet and nutty flavor and contains easily digestible carbohydrates in the form of natural electrolytes and sugars. Rich in potassium, sodium, manganese, calcium and magnesium, it is widely consumed as a low-calorie refreshing beverage that aids in preventing dehydration. It also contains cytokines and phytohormones, which have various antiaging, anticarcinogenic and antithrombic properties.

The increasing health consciousness among the masses is one of the key factors driving the growth of the market. With the rising prevalence of lifestyle diseases, there is a growing consumer preference for coconut water as a remedy for various metabolic disorders and other ailments, such as diabetes, obesity, kidney stones, liver damage, hypertension and impaired digestion. Furthermore, vendors are offering packaged coconut water, which is infused with various natural ingredients, including turmeric, ginger and fruits, to enhance its nutritional value. These products are gaining immense traction among athletes and fitness enthusiasts, thereby providing a boost to the growth of the market. Additionally, the growing food and beverage industry is also contributing to the market growth. The emerging café culture, along with the growing number of quick-service restaurants (QSRs), has enhanced the utilization of coconut water mix and concentrates in various innovative dishes. Other factors, including government initiatives for promoting coconut farming, along with significant investments for the development of coconut cultivation, especially in countries such as Philippines, are projected to drive the market in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global coconut water market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, flavor, form, packaging and distribution channel.

Breakup by Type:

• Sweetened
• Unsweetened
   

Breakup by Flavor:

• Plain
• Flavored
   

Breakup by Form:

• Coconut Water
• Coconut Water Powder
   

Breakup by Packaging:

• Carton
• Bottles
• Others
   

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retail Stores
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being All Market Inc., Amy & Brian Naturals, C2O Pure Coconut Water LLC, Celebes Coconut Corporation, Edward & Sons Trading Co Inc, Harmless Harvest Inc., PepsiCo Inc., Pulse Beverage Corp, The Coca-Cola Company, etc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global coconut water market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global coconut water market?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the flavor?
• What is the breakup of the market based on the form?
• What is the breakup of the market based on the packaging?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global coconut water market and who are the key players?
• What is the degree of competition in the industry?