Packaged Coconut Water Market to Reach $3.9 Billion, Globally, By 2031 at 20.5% CAGR

The packaged coconut water market is anticipated to develop on account of rising consumption of pure sports activities drinks

PORTLAND, OREGON, UNITED STATES, October 27, 2023 /EINPresswire.com/ — Demand for coconut water as an power drink is on the rise, driving the market’s growth. Pure options to caffeinated and sugar-based power drinks are actually most well-liked by lively and health-conscious shoppers. Due to its dietary qualities, together with its electrolytes and vitamins, pure coconut water is in excessive demand as a pure power drink, which is anticipated to gasoline the growth of the packaged coconut water market.

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Key Gamers within the Business

Amy & Brian Naturals
BlueRidge
C2O Coconut Water
Celebs Coconut Company
CocoCoast
Magnificence Manufacturers, Inc.
GraceKennedy Group
Innocent Harvest
Mojo Organics Inc.
Bare Juice
NewAge Inc.
PepsiCo.
Style Niravana Worldwide Inc.
The Coco-Cola Firm
Wai Koko Coconut Water

Covid-19 outbreak:
The demand for coconut water elevated in the course of the pandemic because it helps in beating dehydration and enhancing total well being.
Nonetheless, the closure of producing amenities and disruption of provide chain hampered the market.
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The combination coconut water section to showcase the best CAGR by 2031

Based mostly on kind, the combination coconut water section is predicted to register the best CAGR of 21.3% in the course of the forecast interval, due to rise in consumption of flavored coconut waters with meals and as substitutes for comfortable drinks and sugary drinks. Nonetheless, the pure coconut water section held the most important share in 2021, accounting for greater than three-fifths of the worldwide packaged coconut water market share in 2021. Pure coconut water use is progressively rising in North America and Europe as folks develop into extra health-conscious and search for more healthy merchandise, which fuels the expansion of the section.

The traditional section to register the best CAGR by 2030
Based mostly on nature, the standard section is projected to manifest the best CAGR of 20.9% in the course of the forecast interval. As well as, the section dominated by way of income in 2021, accounting for greater than half of the worldwide packaged coconut water market share in 2021, due to rise in consciousness concerning advantages of utilizing natural strategies of fruit manufacturing.

The tetra packs section held the most important share
Based mostly on packaging, the tetra packs section held the lion’s share in 2021, accounting for greater than three-fifths of the worldwide packaged coconut water market, due to deal with growing shelf life and lowering lack of aroma. Nonetheless, the cans section is estimated to showcase the best CAGR of twenty-two.0% in the course of the forecast interval, owing to deal with high-quality merchandise, modifications in client life, and rise in disposable earnings.

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Asia-Pacific held the most important share
Based mostly on area, Asia-Pacific held the best share in 2021, contributing to greater than half of the worldwide packaged coconut water market, owing to rise in demand from the meals and beverage industries. Nonetheless, the market throughout North America section would register the quickest CAGR of 21.4% from 2022 to 2031, due to extremely developed distribution channels and adoption of more healthy life on a bigger scale.

David Correa
Allied Market Analysis
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