Coconut Water Market Growth, Trend, Opportunity and Forecast to 2027

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.

The coconut water 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.

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Some of the leading players in global market:
Amy and Brian
PepsiCo, Inc.
The Coca-Cola Company
C2O Pure Coconut Water
Gracekennedy
Green Coco Europe GmbH
Harmless Harvest
Mojo Organics Inc.
Taste Nirvana
Sambu Group

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.

Based on packaging, the coconut water market is further segmented into bottles, pouches, and cans. The bottles segment accounted for the largest share of the market in 2019. With the alternatives ranging from 50 ml to 1 L, bottled packaging has been one of the most preferred options among both the consumers and the manufacturers. The small-sized bottles are easy to carry and capable of storing adequate volume of coconut water. Bottles are also easy to transport in bulk as they do not get damaged easily. Sealed bottle caps help extend the shelf life of coconut water for some time that boosts the demand for bottled coconut water globally.

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This release was published on openPR.