Future Market Insights (FMI) forecasts positive growth for global coconut water market at a CAGR of 10.5% between 2020 and 2030
Coconut Water Market Outlook & Key Findings
Consumer preferences are shifting towards natural beverages hence big manufacturers are offering packaged coconut water drinks and beverages to gain traction
Over 70% of coconut water accounts for original/ unflavored. Despite availability in various flavors, regular coconut water will remain consumer favorite, accounting for nearly one- fourth of the market, finds FMI
Application of Coconut Water in Food and Beverage Industry
Coconut water is used to nutritionally functionalize and enrich a wide range of food and beverage products including cereals, nutrition bars, baked goods, dairy products, drinks, snacks, soups, sauces, and some of the authentic culinary cuisines from South Asia, among others.
Coconut water provide innovative solutions to improve the technological and nutritional functionality of food and beverage products thus are witnessing growing prospects in food and beverage industry.
Plant-based beverages are been increasing preferred over dairy based beverages owing to several factors. Individuals assume that plant-based beverages are healthier and allergen free and hence it is becoming a trend to consume plant-based products.
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Key Segment
Application
• Food
• Bakery & Confectionery
• Breakfast Cereal
• Dairy Products
• Sauces and Salads
• Other Food Products
• Beverages
• Alcoholic Beverages
• Tea & Coffee
• Other Beverages
• Cosmetics & Personal Care
• Skin Care
• Hair Care
• Nutraceutical
• Animal Feed & Pet Food
• Retail
Global
• North America
• Latin America
• Europe
• East Asia
• Southeast Asia and Pacific
• Middle East and Africa
Flavour
• Unflavored/Original
• Flavored
Sales Channel
• B2B/Direct
• B2C/Indirect
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Stabilizing Prices of Organic Coconut Water to Provide Sales Impetus
Pricing is a crucial variable of the market and clearly controls the uptake / demand of coconut water. It is noteworthy to understand that price per / ton of target products around the globe differs at a significant ratio, yet reflects similar pattern of variance.
In the global coconut water market, the derived weighted average selling prices of is near 3000/MT for organic coconut water and near 2000/MT for conventional coconut water. Graph below presents a perspective of price variance across regions and key segment categories
Top Coconut Water Brands in the Market
Companies operating in the global coconut water market are expected to go through a stagnant phase in the forecast years owing to the unprecedented COVID-19 outbreak. This is expected to result in economic slowdown for the next 3-4 years.
As coconut water is a convenience product and not a necessity for a large share of the population, the demand is expected to decline for a year or two and then gain regain momentum. The manufacturers of the coconut water could concentrate on expanding their reach and launch products with proven health benefits.
FMI profiles some of the leading companies in the market. These include:
Americas
• The Coca-Cola Company
• PepsiCo, Inc.
• All Market Inc.
• Goya Foods
Europe
• Nestlé S.A.
• Wichy Plantation Company (Pvt) Ltd.
• The Coconut Collaborative
• Holos Integra
Asia Pacific
• Singabera
• Niulife
• Malee Group PCL
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Frequently Asked Questions
What is the Growth Outlook of the Coconut Water Market?
The coconut water market is projected to have a CAGR of 10.5% through 2032.
What is the Coconut Water Market Size by 2032?
The coconut water market size is anticipated to be US$ 15.74 Bn through 2032.
What is the Current Valuation of the Coconut Water Market?
The coconut water market is likely to record a value of US$ 5.80 Bn in 2022.
Which Region has the Highest Growth Potential in the Coconut Water Market?
North America is expected to grow at the highest rate in the coconut water market.