Pure Coconut Water Market
Pure Coconut Water Market
Increase in use of coconut-based products in food & beverage applications is expected to drive the market for coconut products in the future.
PORTLAND, OR, US, November 22, 2023 /EINPresswire.com/ -- Rise in use of coconut-based products in the food & beverage applications, surge in consumption of natural sports drinks, and expansion of the retail sector drive the growth of the global Pure Coconut Water Market. However, stagnant decline in production of coconut as compared to rise in demand restrains the market growth. Contrarily, innovations in taste & flavor of coconut products and coconut-based food & beverages create new opportunities in the coming years.
𝐆𝐞𝐭 𝐢𝐧𝐬𝐢𝐝𝐞 𝐬𝐜𝐨𝐨𝐩 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐬𝐚𝐦𝐩𝐥𝐞 : https://www.alliedmarketresearch.com/request-sample/5605
The global pure coconut water market size was valued at $2.04 billion in 2019 and is anticipated to reach $6.81 billion by 2027, with a CAGR of 18.9% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $4.77 billion from 2019 to 2027. The market growth is propelled by rise in demand for coconut water as an energy drink. Active and health conscious consumers have shifted their preference toward natural alternatives to caffeinated and sugar-based energy drinks.
𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Vita Coco
Harmless Harvest
C2o Pure Coconut Water, Llc
Taste Nirvana
Craze Foods Ltd.
Goya Foods, Inc.
Foco Pure Coconut Water
Cococoast
Wai Koko Coconut Water
Mojo Organics Inc.
Based on flavor, the original flavor segment held the highest market share in 2019, accounting for nearly three-fifths of the global pure coconut water market, and is estimated to maintain its dominant share during the forecast period. This is attributed to vitamins, minerals, electrolytes, and low fat &calories content in original flavor and high quality of coconut water. However, the chocolate flavor segment is projected to portray the highest CAGR of 19.6% from 2021 to 2027.
𝐓𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/5de5919eb37b14fec4cb82075564f45d
By flavor, the original flavor segment held the major pure coconut water market share, and is likely to remain dominant throughout the forecast period. This is attributing to the widespread availability of original flavor products across the globe. Moreover, original flavor pure coconut water in Asia-Pacific has gained a large consumer base, which, in turn, is expected to augment the pure coconut water industry growth.
Based on portion size, the market is segmented into small portion size (600ml) and large portion size (more than 600ml). Small portion size (600ml) segment held the major share of pure coconut water, and is likely to remain dominant throughout the forecast period. This is attribute to the higher preference allocated to the smaller packaging due to benefit of single-time solo consumption.
Region wise, Asia-Pacific was the prominent region in 2019, garnering maximum share in pure coconut water market, owing to huge consumer base and increase in population. SMEs operating in the region are targeting online sales channel to increase their sales. These companies are further investing in various marketing and advertising activities to increase their products awareness. In addition, surge in penetration of original flavor pure coconut water among consumers is anticipated to fuel the market growth during the forecast period.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/5605
Based on region, North Americais expected to grow at the highest CAGR of 20.2% during the forecast period, owing to highly developed channels of distribution that lea to the sale of food & beverages along with North America being one of the major importers of coconut products from Asian countries.However, Asia-Pacific contributed to the highest market share in 2019, accounting for more than half of the total share of the global pure coconut water market, and will maintain its leadership status by 2027.This is due tothe largest production and consumption of coconut and coconut products in the region.
𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲
The original flavor market was valued at $ 1.20 billion in 2019, and is anticipated to reach $3.88 billion by 2027, with a CAGR of 18.40% during the forecast period.
In 2019, by packaging type, the tetra packs segment held the highest share, accounting for 62.68%.
On the basis of end user, the food services led the market, garnering 54.05% of the global pure coconut water market share in 2019.
Depending on distribution channel, the direct distribution segment is estimated to exhibit the highest CAGR of 19.8%.
In 2019, North America was the most prominent market, and is expected to grow at a significant CAGR throughout the forecast period.
The soy protein segment is estimated to grow at the highest CAGR of 7.3% in the global protein ingredients market.
In 2019, North America was the most prominent market and is expected to grow at a significant CAGR during the forecast period.
𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/5605
𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝗙𝗼𝗼𝗱 𝗮𝗻𝗱 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆
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Flavored Water Market - https://www.prnewswire.com/news-releases/flavored-water-market-to-garner-31-26-bn-globally-by-2030-at-5-5-cagr-allied-market-research-301473788.html
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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