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Market Research Report
Product code
1053376
Coconut Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 |
Coconut Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 |
Published: January 10, 2022
IMARC Services Private Limited
Content info: 147 Pages
Delivery time: 2-3 business days
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The global coconut water market reached a value of US$ 5.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2027, exhibiting a CAGR of 16.8% during 2022-2027. 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 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 cafe 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.