New York, United States , Sept. 09, 2024 (GLOBE NEWSWIRE) -- The Global Coconut Water Market Size is to Grow from USD 5.92 Billion in 2023 to USD 22.45 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 14.26% during the projected period.
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Coconut water is the natural, transparent liquid found inside young, green coconuts. It differs from coconut milk, which is prepared from the grated flesh of ripe coconuts. Coconut water, known for its pleasant flavor, is a popular hydrating beverage. It is high in electrolytes such as potassium, salt, and magnesium, making it ideal for restoring fluids and electrolytes lost during physical exercise or in hot temperatures. Furthermore, coconut water has few calories and a modest quantity of natural sugars, which add to its moderate sweetness. Its health advantages, paired with its natural and gently sweet flavor, have made it a popular option among people looking for a healthy and hydrating beverage. However, due to its high sodium content compared to other natural beverages, it is not ideal for individuals monitoring their sodium intake.
Browse key industry insights spread across 277 pages with 110 Market data tables and figures & charts from the report on the "Global Coconut Water Market Size, Share, and COVID-19 Impact Analysis, By Nature (Conventional, Organic), By Flavor (Plain Coconut Water, and Flavored Coconut Water), By Packing (Cartons, Bottles, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The organic segment is anticipated to hold the greatest share of the global coconut water market during the projected timeframe.
Based on nature, the global coconut water market is divided into conventional and organic. Among these, the organic segment is anticipated to hold the greatest share of the global coconut water market during the projected timeframe. Organic coconut water, free from synthetic pesticides and fertilizers, is gaining popularity due to its natural and healthier benefits. Its higher prices attract businesses and consumers, while government promotion and certification drive the organic product industry.
The flavored coconut water segment is anticipated to grow at the fastest pace in the global coconut water market during the projected timeframe.
Based on the flavor, the global coconut water market is divided into plain coconut water, and flavored coconut water. Among these, the flavored coconut water segment is anticipated to grow at the fastest pace in the global coconut water market during the projected timeframe. Flavored coconut water is gaining popularity as an alternative to plain water due to its variety and taste options, driving innovation and expanding the segment's reach.
The bottles segment is anticipated to grow at the fastest pace in the global coconut water market during the projected timeframe.
Based on the packing, the global coconut water market is divided into cartons, bottles, and others. Among these, the bottles segment is anticipated to grow at the fastest pace in the global coconut water market during the projected timeframe. Bottled coconut water is popular due to its convenience, high-end quality, and extended shelf life. It's easy to transport, store, and consume, making it appealing to customers willing to pay more. Advances in bottling technology further extend its shelf life.
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Asia Pacific is expected to hold the largest share of the global coconut water market over the forecast period.
Asia Pacific is expected to hold the largest share of the global coconut water market over the forecast period. The region's coconut production and consumption, particularly in India, Thailand, and the Philippines, drive demand for coconut water. Increased health consciousness and awareness of natural products in China and Japan maintain the region's dominating market position.
North America is predicted to grow at the fastest pace in the global coconut water market during the projected timeframe. The demand for natural and organic beverages in the US and Canada is driving the growth of coconut water as a low-calorie, hydrating alternative to sugary drinks. The increasing availability of coconut water in supermarkets and unique product offers are boosting consumer interest.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Coconut Water Market are Nordmann Rassmann GmbH, HSH Chemie GmbH, CHErbslöh Polska Sp. Z.o.o, Elton Chemicals, Sera Chemicals, ART Chemicals, Donauchem GmbH, Dafcochim Distribution, Afco Solutions, Vermont, Bridgexim, Resinex Group, Contilinks Romania SRL, Interallis Chemicals, Ubimedia, Polichem Trade & Shipping SRL, and Other Key Vendors.
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Recent Developments
- In September 2023, TEAONIC introduced its new line of HYDROADE Superfood Drink Mixes which is the ultimate instant hydration drink mix that combines the power of coconut water with superfoods.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global coconut water market based on the below-mentioned segments:
Global Coconut Water Market, By Nature
- Conventional
- Organic
Global Coconut Water Market, By Flavor
- Plain Coconut Water
- Flavored Coconut Water
Global Coconut Water Market, By Packing
- Cartons
- Bottles
- Others
Global Coconut Water Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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