The packaged coconut water market is valued at USD 1 billion for 2023, and it is predicted to expand to USD 6.47 billion by 2033, at a CAGR of 20.5% during the forecast period.
The packaged coconut water market is expected to grow as people become more aware of the benefits of drinking coconut water. When compared to a full, delicate coconut, packaged coconut water is easier to transport. It is useful for sporting events and gym activities, and hence there is seen a huge adoption of packaged coconut water.
Coconut water keeps the body hydrated, tastes better than regular water, and has health advantages. The growing popularity of packaged coconut water is attributed to its health benefits and consumers' desire for natural and healthy drinks over carbonated drinks, which in turn surges the sales of packaged coconut water.
The market is being driven by evolving customer preferences and rising health concerns. Packaged coconut water is progressively making its way into ethnic food markets and outdoor gatherings in Canada.
The market for packaged coconut water is being held back from expanding due to the high price of coconut water in the USA and Canada. Due to simple access to the raw material, the APAC area is becoming more and more popular in terms of the demand for packaged coconut water, which is assisting the market's expansion.
| Attributes | Details |
|---|---|
| Packaged Coconut Water Market CAGR (2023 to 2033) | 20.5% |
| Market Size for Packaged Coconut Water (2023) | USD 1 Billion |
| Market Size for Packaged Coconut Water (2033) | USD 6.47 Billion |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Global demand for packaged coconut water is projected to be driven by the retail industry's rapid change and rising consumer knowledge of the beverage's health advantages. Essentially eaten as a cool beverage, packaged coconut water offers a number of health advantages.
The market for packaged coconut water is anticipated to be significantly driven by rising health concerns among consumers. Nowadays, consumers favor natural and organic items. Coconut water is the perfect replacement for high-calorie juices and fizzy beverages due to its many health advantages and low-calorie content.
To increase the product appeal and broaden the global client base for packaged coconut water, businesses are putting a lot of effort into the product's design and packaging.
The use of preservatives in packaged coconut water has been limited due to consumer desire for organic foods and the shortening of the product's shelf life. One of the main challenges impeding the market expansion for packaged coconut water is the higher prices of the product due to the convenient packaging and complicated processing techniques.
The market for packaged coconut water is expected to develop, but there are significant obstacles to that expansion, including the price volatility of coconut water and greater production costs. The primary obstacle to market expansion is thought to be the conflicting statements made during marketing.
Principal Consultant
The packaged coconut water manufacturers are attempting to provide packaged coconut water in a variety of flavors. The growing popularity of ready-to-go products, as well as expanding urbanization, is driving up demand for a variety of packaged products, which is expected to benefit the packaged coconut water market.
Health-related concerns are becoming more widely known, and doctors are increasingly recommending coconut water as a treatment for metabolic disorders like obesity, kidney stones, liver damage, hypertension, and other serious conditions.
These factors are creating lucrative opportunities for the market for packaged coconut water to expand. Additionally, packaged coconut water is being consumed and added to diverse diets by athletes and fitness enthusiasts.
Additionally, the expansion of social media is having a significant impact on a large population's desire for a healthy diet, which is anticipated to generate profitable prospects for the packaged coconut water market's overall growth during the projection period.
During the projected period, favorable government rules regarding coconut farming, rising investments to expand coconut cultivation, and rising labor costs for productive farming provide lucrative prospects for the market's overall expansion.
In the past, offline retailers anticipated higher demand for packaged coconut water because they catered to the major dietary needs of the urbanized population. In recent years, online retailers have outpaced demand and are providing discounts and making it convenient for potential customers, which is anticipated to spur the growth of the packaged coconut water market during the forecast period.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
According to type, the pure coconut water segment led the global medical packaged coconut water market in 2023 and is predicted to continue to do so for the duration of the market's forecast period. The consumer's top concerns are fitness and health.
Nowadays, health-conscious consumers who are active prefer natural energy drink alternatives to ones that contain caffeine and sugar. Pure coconut water is becoming more and more well-liked as a natural sports beverage due to its nutritional characteristics, including its electrolytes and minerals.
The market for packaged coconut water worldwide is dominated by the traditional segment. Chemical fertilizers and insecticides are used in conventional coconut cultivation to promote healthy growth and production from the trees by warding off diseases and preventing pest infestations.
On a global scale, the packaged coconut water market, the tetra packs category, is growing at the fastest rate. One of the elements that contributed to this packaging's quick acceptance is its recyclable nature.
Additionally, only FSC-certified wood has been used by the producers in order to make it sustainable. Due to its paper-based packaging, which is also exceptionally easy to open and handle, it has a good environmental profile.
How is Japan Aiding Market Growth?
With the greatest market share for packaged coconut water over the projection period, Asia-Pacific dominated the industry. In several Asian countries, products made from coconut water are widely used in the food and beverage industries. With more people in the area becoming aware of coconut water as a sports or refreshment drink, the market is growing rapidly.
How Does India Support Market Expansion?
As consumers become more aware of the advantages of consuming healthy beverages, there has been a growth in the demand for coconut water on a global scale. Coconut water is a rich source of the minerals and antioxidants the body need.
Increased investments and pro-government legislation are driving the market for coconut agriculture. The market for packaged coconut water is also being helped by increased urbanisation and altering eating trends.
How is the Market Progressing in the USA?
The demand for packaged coconut water and other beverages derived from coconut has been rising in the past due to the rise of vegan and health-conscious consumers. These goods are often produced with coconut milk and water.
Milkshakes, energy drinks, and refreshment drinks, among other beverages, can be made by players using coconut water and milk with enhanced flavour and taste. Drinks can be flavoured with novel ingredients, leading to product innovation.
What is the state of the Canadian Market?
Food and beverage companies have been spending money on research and development to enhance the characteristics, flavour, or nutritional value of coconut products and food and beverage items that use coconut. This draws in additional clients by raising demand. Soon, more customers would join the new flavour and taste.
In contrast, Europe is anticipated to rise steadily and post a CAGR of 17.6% over the course of the projection period due to the region's high concentration of multinational corporations and rising demand for health beverages.
Is Germany the Top Consumer of Packaged Coconut Water?
The product launches are centred on the consumers' diverse palate preferences, and efforts are being made to naturally include tastes in packaged coconut water. These goods offer significant prospects for the commercial expansion of packaged coconut water.
During the projected period, lucrative opportunities for the market's overall growth are being presented by the implementation of pro-coconut farming government legislation, increasing investments to expand coconut cultivation and rising labour for efficient farming.
Why are Suppliers of Packaged Coconut Water Queuing Up in the UK?
As they met the primary dietary requirements of the urbanised population, offline retailers previously projected a stronger demand for packaged coconut water.
The rise of the packaged coconut water market is anticipated to be aided throughout the forecast period by online merchants, who have recently exceeded demand, and are offering discounts and making it convenient for potential customers.
Harmless Harvest
The company Harmless Harvest, which created the original fair-trade, organic, raw coconut water, is attempting to alter the status quo and surge the packaged coconut water market trends.
The business solely uses one type of coconut harvested in Thailand. It costs more since it's more difficult to grow and produces less coconut water than other types. However, according to the founders, it was the best-tasting coconut they could locate.
Although Vita Coco and other rivals dwarf Harmless Harvest, which had two employees in 2010 and now has about 300, the company is expanding swiftly. Due to the fact that Harmless Harvest only employs one variety of low-yield coconut and heavily invests in its relationships with farmers.
The company's creators think that if consumers exert enough pressure, the industry might change. They responded yes when asked if coconut farming could meet the rapidly increasing demand.
To raise their packaged coconut water market share, boost profitability, and maintain market competition, major companies in the market have employed product launches, company expansions, and mergers & acquisitions as key strategies.
Recent Development:
Product Launch
| Date | 2021 |
|---|---|
| Company | Vita COCO |
| Details | A sparkling variety of coconut water introduced by Vita COCO effectively displaced the region's sugar-heavy energy beverages. Later, the company introduced a variety of flavor pairings, including pineapple and passion fruit, lemon and lime, and a number of others. This product is appropriate for use in restaurants and bars as a drink. |
| Date | 2021 |
|---|---|
| Company | TAJA Coconut Company |
| Details | A non-GMO, sugar-free, and cold-filtered three-part coconut water product had been introduced by the TAJA coconut company. Despite the challenging extraction process, coconut water is prized for its superior purity. As a result, the finished item had a balanced flavor profile and a clear look. |
The market for packaged coconut water is predicted to grow at CAGR of 20.5% through 2033.
Asia Pacific market for packaged coconut water holds the highest revenue potential.
The market size for packaged coconut water is anticipated to be over USD 1 billion in 2023.
The market for packaged coconut water is expected to surpass USD 6.47 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Organic Coconut Water 5.2. Conventional Coconut Water 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type 6.1. Bottles 6.2. Cans 6.3. Pouches 6.4. Tetra Packs & Cartons 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Online 7.1.1. E-commerce Websites 7.1.2. Company-Owned Websites 7.2. Offline 7.2.1. Hypermarkets & Supermarkets 7.2.2. Departmental Stores 7.3. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. The Coca-Cola Company 16.2. PepsiCo Inc. 16.3. Taste Nirvana International Inc. 16.4. All Market Inc. 16.5. Amy & Brian Naturals 16.6. C2O Pure Coconut Water LLC 16.7. GraceKennedy Ltd 16.8. National Beverage Corp. 16.9. Purity Organic LLC 16.10. Dabur India Limited 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Food and Beverage Insights
View Reports
Packaged Coconut Water Market
