PUBLISHER: Allied Market Research | PRODUCT CODE: 1193154
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193154
The global packaged coconut water market was valued at $690 million in 2021, and is projected to reach $3.9 billion by 2031, growing at a CAGR of 20.5% from 2022 to 2031. A multipurpose food with many health advantages is coconut. The food, beverage, and cosmetics industries all benefit from the use of coconut-derived goods. The two main reasons driving the global market are shifting customer preferences and rising health concerns. Food and beverage producers have made significant research and development investments to use coconut water to improve the qualities, flavor, or nutritional content of their products.
The global packaged coconut water market is analyzed based on type, nature, packaging, and region. By type, the market is divided into tropical and pure coconut water and mix coconut water. Further, mix coconut water segment is segmented into pineapple, mango, watermelon, and others. By nature, the market is divided into organic and conventional. By packaging, it is classified into plastic bottles, tetra packs, and cans. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, Sri Lanka, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, Nigeria, Turkey, South Africa, and Rest of LAMEA).
On the basis of the COVID-19 outbreak's favorable effects on the economies and businesses around the world, it is anticipated that the packaged coconut water market had grown significantly globally in 2020. Inputs from a variety of secondary sources and the most recent information on the situation have been used to examine a number of scenarios. Additionally, the specialists in the food and beverage industries were consulted about these scenarios.
Manufacturers are concentrating on significant developments that meet the needs of a large consumer base. Even though packaged coconut water is now viewed as a healthy alternative to carbonated beverages, demand for these products is predicted to increase quickly. As a result, emerging nations now have a greater need for packaged coconut water in a variety of tastes. Along with rising internet penetration, an increase of netizens has also been noted. Given this, the majority of the industry's major companies develop strategies for marketing their products on various social media channels. Therefore, the packaged coconut water market sees lucrative growth potential over the forecast period through social media marketing technique.
The key players operating in the packaged coconut water market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global packaged coconut water market are Amy & Brian Naturals, BlueRidge, C2O Coconut Water, Celebs Coconut Corporation, CocoCoast, Elegance Brands, Inc., GraceKennedy Group, Harmless Harvest, Mojo Organics Inc., Naked Juice, NewAge Inc., PepsiCo., Taste Niravana International Inc., The Coco-Cola Company, and Wai Koko Coconut Water.
Key Benefits For Stakeholders
By Type
By Nature
By Packaging
By Region