PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250734
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1250734
Coconut Water Market Forecasts to 2028 - Global Analysis By Type, Nature, Packaging, Distribution Channel and By Geography
According to Stratistics MRC, the Global Coconut Water Market is accounted for $5.86 billion in 2022 and is expected to reach $15.25 billion by 2028 growing at a CAGR of 17.27% during the forecast period. Coconut water is known as a top source of many essential nutrients, such as fiber, vitamins, minerals, and nutrients like calcium, sodium, and potassium. It is the best rehydration drink thanks to the aforementioned healthy ingredients, which raises its popularity among athletes and gym goers. Due to the harmful effects of synthetic beverages, consumers who are concerned about their health now choose natural beverages like tender coconut water. The demand for tender coconut water has increased over time in India. Over the next few years, it is anticipated that the coconut market will become more concentrated due to rising demand from significant developed nations like the U.S., Germany, UK, Italy, and Canada and growing awareness of the benefits associated with coconut products. Consequently, continued study and development in the medical sciences for the use of linolenic acid in antiviral drugs will create enormous market opportunities.
According to the World Bank, the demand for coconut has been surging at a significant rate with the global coconut production expected to exceed more than 70 million metric tons by 2020.
Market Dynamics:
Driver:
Healthy content of minerals & vitamins is driving the market
A strong market demand for tender coconut is being driven by the product's nutritious composition in terms of minerals, vitamins, and protein. Due to the harmful effects of synthetic beverages, consumers who are concerned about their health now choose natural beverages like coconut water. The demand for coconut water has increased over time in India. Additionally, consumers who have a preference for sports tend to prefer coconut because coconut water is frequently referred to as a natural energy drink because it contains antioxidants and other nutritional qualities that help replenish lost energy during athletic activity. As a result, consumers' use of coconut water in the market increased.
Restraint:
Preserving coconut water and false advertising
The preservation of tender coconut water, deceptive marketing tactics used by some coconut water brands, and the great distance between the two ends of the supply chain are just a few of the difficulties preventing market growth. Due to its therapeutic and nutritional benefits, tender coconut water has increased in demand and popularity worldwide. Processing and preservation are now of the utmost importance to meet the year-round demand for coconut water on a global scale. The greatest difficulty in maintaining tender coconut water is that during processing, the water's therapeutic and nutritional benefits may be lost, which is impeding market expansion.
Opportunity:
Growing health consciousness
The coconut water market is expected to grow as a result of rising health consciousness. According to additional estimates, the market for coconut water will grow more slowly as demand for organic products rises. Additionally, due to its low cost and lack of side effects, coconut is expected to see increased capitalization in developing countries, which will likely lead to a faster expansion of the market.
Threat:
Environmental factors and diseases
Numerous environmental factors and diseases have an impact on fruit production. The yield, quality, or occurrence of a crop disease can all be impacted by changes in environmental factors. Unexpected environmental changes have an impact on the supply of raw materials, which has an impact on the coconut market. In addition, in order to extend their shelf life or make them taste good and fresh, fruits are frequently tampered with using chemicals like citric acid, ethylene, etc. Adulterated raw materials don't produce the desired results or of the desired quality, which has an impact on the production and standard of coconuts on the world market.
Covid-19 Impact
The COVID-19 pandemic has temporarily shut down manufacturing facilities in a number of nations, initially having an effect on the food and beverage industry. The pandemic has, however, created a consumer demand for healthy living, which has caused consumers to turn their attention to nutritional food products, opening up new opportunities for the coconut water market. This increased interest in plant-based diets was sparked by worries about one's own health, the sustainability of the planet, and the ethical treatment of animals. It seems the coronavirus pandemic has only served to hasten this trend. As a result of the rising trend of functional and immunity-boosting product consumption, the demand for coconut water significantly increased during the pandemic times, and this trend is anticipated to continue.
The pure coconut water segment is expected to be the largest during the forecast period
The pure coconut water segment held a larger market share and is expected to remain dominant during the forecast period. Compared to blended or conventional coconut water, pure coconut water, also referred to as organic coconut water, is healthier. It is renowned for being a rich source of sodium, potassium, and magnesium in its natural state, all of which help to speed up the rehydration process. Additionally, dieticians and medical professionals advise patients to drink pure coconut water instead of sugary drinks, which is fueling the segment's expansion.
The bottles segment is expected to have the highest CAGR during the forecast period
The bottles segment is anticipated to experience the highest CAGR during the forecast period. One of the most popular options among consumers and manufacturers, with alternatives ranging from 50 mL to 1 L, has been bottled packaging. Small bottles that can hold a sufficient amount of coconut water are convenient to carry. Because they do not easily break, bottles are also simple to transport in bulk. Moreover, the demand for bottled coconut water is increasing globally as a result of the shelf life of coconut water being extended by sealed bottle caps.
Region with largest share:
In Brazil and other nearby nations, coconut water is a staple of the diet. Due to this, the South American region is estimated to hold the largest market share for coconut water over the forecast period. Coconut water is available in almost all stores as a result of the enormous demand. Additionally, the fact that oconut water is frequently used to treat hangovers in addition to being consumed as a nutritious health beverage will support the market for coconut water in the region's growth over the course of the forecast period.
Region with highest CAGR:
Throughout the forecast period, the Asia-Pacific is anticipated to have the highest CAGR. Particularly in China, India, Indonesia, and Australia, packaged coconut water is consumed. As one of the healthiest drinks, coconut water is highly valued in Thailand. Additionally, the market for these products is anticipated to grow as more multinational corporations establish manufacturing facilities in the region.
Key Players in the market
Some of the key players profiled in the Coconut Water Market include All Market Inc, Amy & Brian Naturals, C2O Pure Coconut Water, LLC, Celebes Coconut Corporation, Del Monte Foods, Goya Foods, Inc., GraceKennedy Group, Harmless Harvest, Inc., MOJO Organics Inc, Naked Juice Company, New Age Inc., PepsiCo Inc, Pulse Beverage Corp, Taste Nirvana International, The Coca-Cola Company, The Vita Coco Company, Vaivai and ZICO Beverages, LLC (Powerplant Ventures, LLC).
Key Developments:
In January 2022, Kalbe Farma launched coconut water, Hydro Coco, with vitamin D3. Indonesia's Kalbe Farma has introduced Hydro Coco VITA-D, which is said to be the first vitamin D3 drink. Coconut water offers 600 IU of vitamin D3, meeting 100% of the RDI for vitamin D3, which helps to improve immunity. The beverage comes with the Healthier Choice logo.
In June 2021, Danone Manifesto Ventures (DMV) announced that it had acquired a majority stake in Harmless Harvest, a leader in organic coconut-based products, including coconut water.
In June 2021, Del Monte launched its first packaged coconut water in India. The company claims King Coconut Water is loaded with electrolytes and helps hydrate and replenish lost body fluids. The company claims that the products contain Sodium, Potassium, and Calcium.
Types Covered:
- Pure coconut water
- Mixed coconut water
Natures Covered:
- Organic
- Conventional
Packagings Covered:
- Bottles
- Cans
- Cartons
- Pouches
- Tetra packs
Distribution Channels Covered:
- Supermarkets and hypermarkets
- Convenience stores
- Online stores
- Other Distribution Channels
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Emerging Markets
- 3.7 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Coconut Water Market, By Type
- 5.1 Introduction
- 5.2 Pure coconut water
- 5.3 Mixed coconut water
6 Global Coconut Water Market, By Nature
- 6.1 Introduction
- 6.2 Organic
- 6.3 Conventional
7 Global Coconut Water Market, By Packaging
- 7.1 Introduction
- 7.2 Bottles
- 7.3 Cans
- 7.4 Cartons
- 7.5 Pouches
- 7.6 Tetra packs
8 Global Coconut Water Market, By Distribution Channel
- 8.1 Introduction
- 8.2 Supermarkets and hypermarkets
- 8.3 Convenience stores
- 8.4 Online stores
- 8.5 Other Distribution Channels
9 Global Coconut Water Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 All Market Inc
- 11.2 Amy & Brian Naturals
- 11.3 C2O Pure Coconut Water, LLC
- 11.4 Celebes Coconut Corporation
- 11.5 Del Monte Foods
- 11.6 Goya Foods, Inc.
- 11.7 GraceKennedy Group
- 11.8 Harmless Harvest, Inc.
- 11.9 MOJO Organics Inc
- 11.10 Naked Juice Company
- 11.11 New Age Inc.
- 11.12 PepsiCo Inc
- 11.13 Pulse Beverage Corp
- 11.14 Taste Nirvana International
- 11.15 The Coca-Cola Company
- 11.16 The Vita Coco Company
- 11.17 Vaivai
- 11.18 ZICO Beverages, LLC (Powerplant Ventures, LLC)
List of Tables
- Table 1 Global Coconut Water Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Coconut Water Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Coconut Water Market Outlook, By Pure coconut water (2020-2028) ($MN)
- Table 4 Global Coconut Water Market Outlook, By Mixed coconut water (2020-2028) ($MN)
- Table 5 Global Coconut Water Market Outlook, By Nature (2020-2028) ($MN)
- Table 6 Global Coconut Water Market Outlook, By Organic (2020-2028) ($MN)
- Table 7 Global Coconut Water Market Outlook, By Conventional (2020-2028) ($MN)
- Table 8 Global Coconut Water Market Outlook, By Packaging (2020-2028) ($MN)
- Table 9 Global Coconut Water Market Outlook, By Bottles (2020-2028) ($MN)
- Table 10 Global Coconut Water Market Outlook, By Cans (2020-2028) ($MN)
- Table 11 Global Coconut Water Market Outlook, By Cartons (2020-2028) ($MN)
- Table 12 Global Coconut Water Market Outlook, By Pouches (2020-2028) ($MN)
- Table 13 Global Coconut Water Market Outlook, By Tetra packs (2020-2028) ($MN)
- Table 14 Global Coconut Water Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 15 Global Coconut Water Market Outlook, By Supermarkets and hypermarkets (2020-2028) ($MN)
- Table 16 Global Coconut Water Market Outlook, By Convenience stores (2020-2028) ($MN)
- Table 17 Global Coconut Water Market Outlook, By Online stores (2020-2028) ($MN)
- Table 18 Global Coconut Water Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
- Table 19 North America Coconut Water Market Outlook, By Country (2020-2028) ($MN)
- Table 20 North America Coconut Water Market Outlook, By Type (2020-2028) ($MN)
- Table 21 North America Coconut Water Market Outlook, By Pure coconut water (2020-2028) ($MN)
- Table 22 North America Coconut Water Market Outlook, By Mixed coconut water (2020-2028) ($MN)
- Table 23 North America Coconut Water Market Outlook, By Nature (2020-2028) ($MN)
- Table 24 North America Coconut Water Market Outlook, By Organic (2020-2028) ($MN)
- Table 25 North America Coconut Water Market Outlook, By Conventional (2020-2028) ($MN)
- Table 26 North America Coconut Water Market Outlook, By Packaging (2020-2028) ($MN)
- Table 27 North America Coconut Water Market Outlook, By Bottles (2020-2028) ($MN)
- Table 28 North America Coconut Water Market Outlook, By Cans (2020-2028) ($MN)
- Table 29 North America Coconut Water Market Outlook, By Cartons (2020-2028) ($MN)
- Table 30 North America Coconut Water Market Outlook, By Pouches (2020-2028) ($MN)
- Table 31 North America Coconut Water Market Outlook, By Tetra packs (2020-2028) ($MN)
- Table 32 North America Coconut Water Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 33 North America Coconut Water Market Outlook, By Supermarkets and hypermarkets (2020-2028) ($MN)
- Table 34 North America Coconut Water Market Outlook, By Convenience stores (2020-2028) ($MN)
- Table 35 North America Coconut Water Market Outlook, By Online stores (2020-2028) ($MN)
- Table 36 North America Coconut Water Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
- Table 37 Europe Coconut Water Market Outlook, By Country (2020-2028) ($MN)
- Table 38 Europe Coconut Water Market Outlook, By Type (2020-2028) ($MN)
- Table 39 Europe Coconut Water Market Outlook, By Pure coconut water (2020-2028) ($MN)
- Table 40 Europe Coconut Water Market Outlook, By Mixed coconut water (2020-2028) ($MN)
- Table 41 Europe Coconut Water Market Outlook, By Nature (2020-2028) ($MN)
- Table 42 Europe Coconut Water Market Outlook, By Organic (2020-2028) ($MN)
- Table 43 Europe Coconut Water Market Outlook, By Conventional (2020-2028) ($MN)
- Table 44 Europe Coconut Water Market Outlook, By Packaging (2020-2028) ($MN)
- Table 45 Europe Coconut Water Market Outlook, By Bottles (2020-2028) ($MN)
- Table 46 Europe Coconut Water Market Outlook, By Cans (2020-2028) ($MN)
- Table 47 Europe Coconut Water Market Outlook, By Cartons (2020-2028) ($MN)
- Table 48 Europe Coconut Water Market Outlook, By Pouches (2020-2028) ($MN)
- Table 49 Europe Coconut Water Market Outlook, By Tetra packs (2020-2028) ($MN)
- Table 50 Europe Coconut Water Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 51 Europe Coconut Water Market Outlook, By Supermarkets and hypermarkets (2020-2028) ($MN)
- Table 52 Europe Coconut Water Market Outlook, By Convenience stores (2020-2028) ($MN)
- Table 53 Europe Coconut Water Market Outlook, By Online stores (2020-2028) ($MN)
- Table 54 Europe Coconut Water Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
- Table 55 Asia Pacific Coconut Water Market Outlook, By Country (2020-2028) ($MN)
- Table 56 Asia Pacific Coconut Water Market Outlook, By Type (2020-2028) ($MN)
- Table 57 Asia Pacific Coconut Water Market Outlook, By Pure coconut water (2020-2028) ($MN)
- Table 58 Asia Pacific Coconut Water Market Outlook, By Mixed coconut water (2020-2028) ($MN)
- Table 59 Asia Pacific Coconut Water Market Outlook, By Nature (2020-2028) ($MN)
- Table 60 Asia Pacific Coconut Water Market Outlook, By Organic (2020-2028) ($MN)
- Table 61 Asia Pacific Coconut Water Market Outlook, By Conventional (2020-2028) ($MN)
- Table 62 Asia Pacific Coconut Water Market Outlook, By Packaging (2020-2028) ($MN)
- Table 63 Asia Pacific Coconut Water Market Outlook, By Bottles (2020-2028) ($MN)
- Table 64 Asia Pacific Coconut Water Market Outlook, By Cans (2020-2028) ($MN)
- Table 65 Asia Pacific Coconut Water Market Outlook, By Cartons (2020-2028) ($MN)
- Table 66 Asia Pacific Coconut Water Market Outlook, By Pouches (2020-2028) ($MN)
- Table 67 Asia Pacific Coconut Water Market Outlook, By Tetra packs (2020-2028) ($MN)
- Table 68 Asia Pacific Coconut Water Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 69 Asia Pacific Coconut Water Market Outlook, By Supermarkets and hypermarkets (2020-2028) ($MN)
- Table 70 Asia Pacific Coconut Water Market Outlook, By Convenience stores (2020-2028) ($MN)
- Table 71 Asia Pacific Coconut Water Market Outlook, By Online stores (2020-2028) ($MN)
- Table 72 Asia Pacific Coconut Water Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
- Table 73 South America Coconut Water Market Outlook, By Country (2020-2028) ($MN)
- Table 74 South America Coconut Water Market Outlook, By Type (2020-2028) ($MN)
- Table 75 South America Coconut Water Market Outlook, By Pure coconut water (2020-2028) ($MN)
- Table 76 South America Coconut Water Market Outlook, By Mixed coconut water (2020-2028) ($MN)
- Table 77 South America Coconut Water Market Outlook, By Nature (2020-2028) ($MN)
- Table 78 South America Coconut Water Market Outlook, By Organic (2020-2028) ($MN)
- Table 79 South America Coconut Water Market Outlook, By Conventional (2020-2028) ($MN)
- Table 80 South America Coconut Water Market Outlook, By Packaging (2020-2028) ($MN)
- Table 81 South America Coconut Water Market Outlook, By Bottles (2020-2028) ($MN)
- Table 82 South America Coconut Water Market Outlook, By Cans (2020-2028) ($MN)
- Table 83 South America Coconut Water Market Outlook, By Cartons (2020-2028) ($MN)
- Table 84 South America Coconut Water Market Outlook, By Pouches (2020-2028) ($MN)
- Table 85 South America Coconut Water Market Outlook, By Tetra packs (2020-2028) ($MN)
- Table 86 South America Coconut Water Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 87 South America Coconut Water Market Outlook, By Supermarkets and hypermarkets (2020-2028) ($MN)
- Table 88 South America Coconut Water Market Outlook, By Convenience stores (2020-2028) ($MN)
- Table 89 South America Coconut Water Market Outlook, By Online stores (2020-2028) ($MN)
- Table 90 South America Coconut Water Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
- Table 91 Middle East & Africa Coconut Water Market Outlook, By Country (2020-2028) ($MN)
- Table 92 Middle East & Africa Coconut Water Market Outlook, By Type (2020-2028) ($MN)
- Table 93 Middle East & Africa Coconut Water Market Outlook, By Pure coconut water (2020-2028) ($MN)
- Table 94 Middle East & Africa Coconut Water Market Outlook, By Mixed coconut water (2020-2028) ($MN)
- Table 95 Middle East & Africa Coconut Water Market Outlook, By Nature (2020-2028) ($MN)
- Table 96 Middle East & Africa Coconut Water Market Outlook, By Organic (2020-2028) ($MN)
- Table 97 Middle East & Africa Coconut Water Market Outlook, By Conventional (2020-2028) ($MN)
- Table 98 Middle East & Africa Coconut Water Market Outlook, By Packaging (2020-2028) ($MN)
- Table 99 Middle East & Africa Coconut Water Market Outlook, By Bottles (2020-2028) ($MN)
- Table 100 Middle East & Africa Coconut Water Market Outlook, By Cans (2020-2028) ($MN)
- Table 101 Middle East & Africa Coconut Water Market Outlook, By Cartons (2020-2028) ($MN)
- Table 102 Middle East & Africa Coconut Water Market Outlook, By Pouches (2020-2028) ($MN)
- Table 103 Middle East & Africa Coconut Water Market Outlook, By Tetra packs (2020-2028) ($MN)
- Table 104 Middle East & Africa Coconut Water Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 105 Middle East & Africa Coconut Water Market Outlook, By Supermarkets and hypermarkets (2020-2028) ($MN)
- Table 106 Middle East & Africa Coconut Water Market Outlook, By Convenience stores (2020-2028) ($MN)
- Table 107 Middle East & Africa Coconut Water Market Outlook, By Online stores (2020-2028) ($MN)
- Table 108 Middle East & Africa Coconut Water Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
