Coconut Water Market is expected to reach US$ 3,246.64Mn by 2027

Rising Application of Coconut Water in Food &Beverages Industry to Drive its Market Growth at CAGR of 14.0%during2020–2027

According to our latest market study on “Coconut Water MarketForecast to 2027 – COVID-19 Impact and Global Analysis – by Product (Pure Coconut Water and Mixed Coconut Water), Packaging (Bottles, Pouches, and Cans), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, and Others),” the market was valued at US$ 1,142.09 million in 2019 and is projected to reach US$3,246.64 million by 2027; it is expected to grow at a CAGR of 14.0% from 2020 to 2027. The report highlightskey factors driving the market growth and prominent players along with their developmentsin the market.

Coconut water is utilized to nutritionally functionalize and enrich a broad range of food and beverage products, including nutrition bars, cereals, dairy products, baked goods, drinks, snacks, sauces, and soup recipes. It is low in calories, and free of fat and cholesterol. Due to a higher content of electrolytes and the presence of carbohydrates, coconut water can be categorized in the group of isotonic drinks. Human body absorbs coconut water quicker than water; thus, it is usually used for treating dehydration associated with diarrhea or exercise.Besides, it is also highly used as an ingredient in plant-based beverages as it keeps sugar intake in check, improves flavor, and enhances overall nutritional value of the final product. Further, coconut water also helps control diabetes and blood pressure, and risks related to heart diseases. Rising prevalence of these chronic diseases and increasing healthconsciousness among consumers subsequently drivethe demand for nutritious and healthy foodproducts,which increases the use of coconut water in the food &beverages industry.

Food and beverages companies in the market are launching innovative products made from coconut water. For instance, in 2016, Be Natural, an Australian cereal and snackscompany, launched a granola product specifically recommended to consume with coconut water instead of milk. Likewise, coconut water is added to juices and other beveragesto avoid the use of artificial sweeteners. For instance, Genius Juice, US, uses a mixture of coconut meat and water in their smoothies. These smoothies are sold in more than 1100 stores across the US asconsumers are highly attracted to the product.

A few key players operating in the global coconut water market are Amy & Brian Naturals; C2O Pure Coconut Water, LLC; The Coca Cola Company (ZICO); Edward & Sons Trading Co.; Grace Kennedy Belize.; Green Coco Europe GmbH.; Harmless Harvest; MOJO ORGANICS INC.; PepsiCo, Inc.; and Taste Nirvana.

The COVID-19 pandemic was first reported in Wuhan (China) in December 2019.According to the latest WHO figures, there are ~35,347,404 confirmed cases and 1,039,406 total deaths globally. The outbreak is affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The lockdown of various plants and factories in North America, Europe, Asia Pacific, South America, and Middle East and Africa is adversely affecting the global supply chains, manufacturing, delivery schedules, and sales. In addition, the global travel bans imposed by countries in Europe, Asia, and North America has hampered the business collaborations and partnerships opportunities. Consequently, the food & beverage industry and sectors related to it wouldexperiencedecline in their growth.Presently, major coconut water providers are facing challenges in supply chain and receiving low demand for their products. Therefore, they are modifying and altering their supply chains to reinforce online presence and delivery measures to adapt with the present trend of online sales.

Global Coconut Water Market Breakdown-by Region, 2019

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Coconut Water Market Size, Growth and Forecast To 2027 | The Insight Partners

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Coconut Water Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product (Pure Coconut Water and Mixed Coconut Water), Packaging (Bottles, Pouches, and Cans), Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, and Others)

The Report Segments the Global Coconut Water Marketas Follows:

By Product

• Pure Coconut Water
• Mixed Coconut Water

By Packaging

• Bottles
• Pouches
• Cans

By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Store
• Online
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • U.K
  • Russia
  • Rest of Europe
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
• SAM
  • Brazil
  • Argentina
  • Rest of South America