The Global Retail Coconut Water Market was $5.3 Billion in 2020, and it is expected to reach $16.2 Billion by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 11.0% between 2021-2031. People from the past few years are increasingly adopting many healthy and nutritional drinks which will help them to maintain a healthy lifestyle. Excessive consumption of sugary and carbonated beverages causes many health issues like diabetes, obesity, cardiovascular diseases in almost all age groups from kids to the working-class population. Hence the coconut water acts as an alternative to carbonated beverages as it is considered to be beneficial for all the above conditions especially to manage weights.
Global Retail Coconut Water Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Retail Coconut Water Market has been segmented into the packaging it is divided into tetra pack, plastic bottle, other. On the basis of form, it is divided into powder, liquid. On the basis of distribution channel, it is divided into online and offline, on the basis of geography, it is divided into South America, Europe, Asia Pacific, Middle East, and Africa, North America.
By Region, South America Is Holding The Major Market Share
The Global Retail Coconut Water Market has been geographically segmented into North America, South America, Asia Pacific, Middle East, and Africa. In addition to this, the Global Retail Coconut Water Market is holding the largest market share currently and is estimated to witness the highest compound annual growth in the upcoming forecasted period. Coconut water is a part of the everyday diet in Brazil and other neighboring countries. So since there is a huge demand for this product it can be found in almost every shop. Besides consuming it as a nutritious drink this is also being used to cure a hangover. One of the popular drinks made using coconut water and which is considered healthy to cure a hangover is agua de coco. Besides this Europe is also going to witness remarkable growth during the upcoming forecasted period.
Major Players in Global Retail Coconut Water Market
Some of the major players in the Global Retail Coconut Water Market include All Market Inc., Naked Juice Company, New Age Beverages Corporation, Celebes Coconut Corporation, Elegance Brands, Inc., Vaivai SAS, Elegance Brands, Inc., C2O Pure Coconut Water, LLC, PepsiCo (O.N.E. Coconut Water), The Coca-Cola Company (ZICO), Harmless Harvest, COCOZIA.
The Global Retail Coconut Water Market Has Been Segmented Into:
Global Retail Coconut Water Market, By Packaging Outlook
Global Retail Coconut Water Market, By Form Outlook
Global Retail Coconut Water Market, By Distribution Channel Outlook
Global Retail Coconut Water Market, By Region
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