Pure Coconut Water Market Growth with Worldwide Industry Analysis to Reach $6.81 Billion 2027 | Business Overview

According to a new report published by Allied Market Research, titled, "Pure Coconut Water Market by Packaging Type, Flavor, Portion Size, End User, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021-2027," 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.
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Top Key Companies

The key players profiled in pure coconut water market include Vita Coco, Harmless Harvest, C2o Pure Coconut Water, Taste Nirvana, Craze Foods Ltd, Goya Foods, Inc, Foco Pure Coconut Water, Cococoast, Wai Koko Coconut Water, and Mojo Organics Inc. These players are introducing new products in the market to increase the customer base and product sale.

Regional Analysis:

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.

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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.

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.

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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.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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