Market Research Report
United States & Australia Coconut Water Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|United States & Australia Coconut Water Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: November 10, 2021
IMARC Services Private Limited
Content info: 156 Pages
Delivery time: 2-3 business days
The United States & Australia coconut water market grew at a CAGR of 14% and 36%, respectively, during 2015-2020. Looking forward, the market is expected to continue its robust growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Coconut water, also known as coconut juice, refers to the clear liquid found inside green and unripe coconuts. It exhibits a sweet and nutty flavor and serves as a low-calorie, refreshing beverage. Coconut water contains high amounts of natural electrolytes, including potassium, sodium, calcium, and magnesium. It also acts as a good source of cytokines and phytohormones that offer numerous antiaging, anticarcinogenic, and antithrombic benefits. As a result, coconut water aids in reducing high blood pressure levels, improving heart health, lowering blood sugar, enhancing metabolism, etc.
United States & Australia Coconut Water Market
The rising consumer shift from carbonated drinks towards healthier beverages due to the high prevalence of numerous lifestyle disorders, such as obesity, diabetes, cardiovascular ailments, etc., is primarily driving the market for coconut water across the United States and Australia. Moreover, the growing consumer awareness towards numerous health benefits of coconut water in improving digestive functioning, reducing hypertension, and maintaining hydration levels is further propelling the market growth. Furthermore, the wide availability of coconut water in portable packaging solutions, such as tetra packs and bottles, for on-the-go consumption is also augmenting the product demand. Apart from this, the prevalent trend of veganism has led to the rising popularity of plant-based beverages, such as coconut water. Moreover, several vendors across the United States and Australia are offering innovative product variants infused with several flavors, such as ginger, vanilla, lime, guava, etc., to cater to different consumer tastes and preferences. Besides this, a significant growth in the sports and energy drinks sector is also catalyzing the demand for coconut water based on the high presence of natural electrolytes. Additionally, the growing number of quick-service restaurants (QSRs) and cafes is further driving the utilization of coconut water mix and concentrates in numerous innovative dishes. In the coming years, the increasing demand for clean-label and organic coconut water with allergen-free, GMO-free, and zero preservative content will continue to spur the market growth across the United States and Australia.