Packaged Coconut Water Market Is Likely To Reach $3.9 Billion By 2032: Amy & Brian Naturals, BlueRidge, C2O Coconut Water

As per the report, the global packaged coconut water industry generated $690 million in 2021 and is estimated to reach $3.9 billion by 2031, growing at a CAGR of 20.5% from 2021 to 2031.

Major determinants of the market growth

Rise in demand for natural sports drinks, surge in use of coconut-based products in food and beverage applications along with development of the retail industry have boosted the growth of the global packaged coconut water market. However, decline in coconut production hinders the market growth. On the contrary, development in taste and flavor of coconut products would open new opportunities in the future.

Get Sample Report: https://www.alliedmarketresearch.com/request-sample/16695

Key Players in the Industry

Amy & Brian Naturals
BlueRidge
C2O Coconut Water
Celebs Coconut Corporation
CocoCoast
Elegance Brands, Inc.
GraceKennedy Group
Harmless Harvest
Mojo Organics Inc.
Naked Juice
NewAge Inc.
PepsiCo.
Taste Niravana International Inc.
The Coco-Cola Company
Wai Koko Coconut Water
Covid-19 outbreak:

The demand for coconut water increased during the pandemic as it helps in beating dehydration and improving overall health.
However, the closure of manufacturing facilities and disruption of supply chain hampered the market.
Buy This Report (263 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/4728d5bd68766ee33ebeb7f1390d34b0

The mix coconut water segment to showcase the highest CAGR through 2031

Based on type, the mix coconut water segment is expected to register the highest CAGR of 21.3% during the forecast period, due to rise in consumption of flavored coconut waters with meals and as substitutes for soft drinks and sugary drinks. However, the pure coconut water segment held the largest share in 2021, accounting for more than three-fifths of the global packaged coconut water market share in 2021. Pure coconut water use is progressively rising in North America and Europe as people become more health-conscious and look for healthier products, which fuels the growth of the segment.

The conventional segment to register the highest CAGR by 2030

Based on nature, the conventional segment is projected to manifest the highest CAGR of 20.9% during the forecast period. In addition, the segment dominated in terms of revenue in 2021, accounting for more than half of the global packaged coconut water market share in 2021, due to rise in awareness regarding benefits of using organic methods of fruit production.

The tetra packs segment held the largest share

Based on packaging, the tetra packs segment held the lion's share in 2021, accounting for more than three-fifths of the global packaged coconut water market, due to focus on increasing shelf life and reducing loss of aroma. However, the cans segment is estimated to showcase the highest CAGR of 22.0% during the forecast period, owing to focus on high-quality products, changes in consumer lifestyles, and rise in disposable income.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/16695

Asia-Pacific held the largest share

Based on region, Asia-Pacific held the highest share in 2021, contributing to more than half of the global packaged coconut water market, owing to rise in demand from the food and beverage industries. However, the market across North America segment would register the fastest CAGR of 21.4% from 2022 to 2031, due to highly developed distribution channels and adoption of healthier lifestyles on a larger scale.

Contact:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us
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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.