Global Coconut Alcohol Market Analysis, Price trends & Forecast 2024

The coconut alcohol market share is segmented, based on the product into beer, vinegar, wine and traditional toddy. The unopened inflorescence of coconut is used to make toddy or coconut sap, that can be treated to produce rich, high in value healthy food products. Coconut sap (toddy) is sweet exudate from the inflorescence or unopened tapped spathe of coconut. It is one of the most used food products of coconut and is also marketed as an alcoholic drink with almost 4% to 6% of alcohol content.

Rapid increase in the urban population is one of the key factors that will drive the coconut alcohol market size across the globe. Additionally, growing urban population accompanied by factors such as rising disposable income, improving spending pattern and growing preference for alcoholic beverages among consumers is expected to boost the overall coconut alcohol market size in the coming years.

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Moreover, the demographics in many countries have seen radical changes in past recent years. For instance, in countries such as India, increasing alcohol consumption among women, social consumption of alcohol, novel food & beverage format and rising prominence of pub culture in urban & metro cities have led to hiked demand for the product and related beverages in the country.

Furthermore, the coconut alcohol market share contributors are increasingly establishing new manufacturing plants all over the world to grab a greater chunk of customer base and enhance quality of coconut alcohol produced. Also, companies are upgrading their existing manufacturing processes with the aid of technological advancements in equipment and related machinery.

Global Coconut Alcohol Market size is likely to witness moderate growth over the forecast period. Coconut alcohol, is derived from coconuts which are grown on perennial food supplier, the coconut tree. It provides solid food along with a large amount of healthy and safe water. The fruit is source to numerous products such as desiccated coconut, coconut cream/milk, copra, nata de coco, coconut oil and coconut chips.

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Fermented beverages, produced exclusively from blend of black grape juice with coconut water show characteristics similar to wine. Wines produced from both the sources are completely fit for human consumption.

The major coconut alcohol market share contributors are Hunter Distilleries, St. Lucis Distillers Group of Companies, Demirara Distilleries Limited and Island Distillers. These companies are involved in technological development in order to improve their production capability and improving the product quality.

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