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Global Pure Coconut Water Market to Reach $6.81 Billion by 2027

Strategic Insights

— 2 min read

The global pure coconut water market is driven by the rise in use of coconut-based products in the food & beverage applications, surge in consumption of natural sports drinks, and expansion of the retail sector. The industry generated $2.04 billion in 2019 and is projected to reach $6.81 billion by 2027, growing at a CAGR of 18.9% from 2021 to 2027. Despite the stagnant decline in production of coconut as compared to the rise in demand, innovations in taste & flavor of coconut products and coconut-based food & beverages create new opportunities in the coming years.

Key Takeaways:

  • The global pure coconut water industry is expected to grow at a CAGR of 18.9% from 2021 to 2027, reaching $6.81 billion by 2027.
  • The tetra packs segment is expected to maintain its leadership position throughout the forecast period, accounting for more than three-fifths of the total share of the global pure coconut water market in 2019.
  • The cans segment is expected to witness the highest CAGR of 20.7% from 2021 to 2027, driven by research and development activities and establishing production facilities and supply chains at a short distance to reduce costs.
  • The original flavor segment held the highest market share in 2019, accounting for nearly three-fifths of the global pure coconut water market, and is estimated to maintain its dominant share during the forecast period.
  • North America is expected to grow at the highest CAGR of 20.2% during the forecast period, driven by highly developed channels of distribution and the sale of food & beverages.
  • Asia-Pacific contributed to the highest market share in 2019, accounting for more than half of the total share of the global pure coconut water market and will maintain its leadership status by 2027.

Statistics:

  • The global pure coconut water industry generated $2.04 billion in 2019.
  • The industry is projected to reach $6.81 billion by 2027.
  • The tetra packs segment accounted for more than three-fifths of the total share of the global pure coconut water market in 2019.
  • The cans segment is expected to witness the highest CAGR of 20.7% from 2021 to 2027.
  • The original flavor segment accounted for nearly three-fifths of the global pure coconut water market in 2019.

Sources:

  • "Pure Coconut Water Market by Packaging Type (Plastic Bottles, Tetra Packs, and Cans), Flavor (Original Flavor, Fruit Flavor, Chocolate Flavor, and Others), Portion Size (Small Portion Size (less than 600ml) and Large Portion Size (more than 600ml), End User (Household, Food Services, Catering Services, and Others), and Distribution Channel (Direct Distribution and Retail Distribution): Global Opportunity Analysis and Industry Forecast, 2021--2027." - Allied Market Research.
  • Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5605
  • "Pure Coconut Water Market" - Allied Market Research.
  • "Leading market players" - Allied Market Research.

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