What is Packaged Coconut Water Market?
Coconut water is nutritious water, which contains minerals and vitamins. Due to packaging, the shelf life of coconut water increases which directly impact on the growth of the market. The coconut water is available in different flavors like pineapple, lime, mango, and other flavors. Growing retail and e-commerce industry also providing the growth to packages coconut water market.
The market study is being classified by Type (Packaged Plain Coconut Water and Packaged Flavored Coconut Water) and major geographies with country level break-up.
Jain Agro Food Products Private Limited (India), Dabur India Ltd (India), Pure Tropic (India), The Coca-Cola Company (United States), Green Coco (Germany), TAJA Coconut (United States), PepsiCo, Inc. (United States), Blue Monkey (Philippines), Harmless Harvest (United States) and Taste Nirvana (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Bai Brands (United States) and Exotic Superfoods (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Packaged Coconut Water market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Packaged Coconut Water market by Type, Application and Region.
On the basis of geography, the market of Packaged Coconut Water has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Coconut Water Globally
- Increasing Health-Conscious Consumers
Market Trend
- Rising Popularity as a Refreshing Drink Induced with Various Vitamins and Minerals
Restraints
- The High Cost of the Coconut Water in some region such as the U.S, Canada
- The High Costs Charged in Production
Opportunities
- Increased Investments and Government Policies in Coconut Farming
- Investment in R&D Activities to Introduce New Flavors
- Due to Packaging, Shelf Life of the coconut water is increased
Challenges
- Growing Awareness of Other Plant-Based Waters
In February 2019, TAJA Coconut Company (United States) has launched a coconut beverage named after its brand name. The drink is devoid of genetically-modified organisms (GMO) and sugar. Hence, this will, in turn, propel the growth of packaged coconut water market in the future.
Key Target Audience
Packaged Coconut Water Processors, Coconut Water Manufacturers Companies, Commercial Research and Development Institutions, Raw Material Suppliers and Distributors, Agricultural Associations and Farmers, Retailers, Supermarkets, and Hypermarkets and Traders, Exporters, and Importers