Global Coconut Water Market Insights Forecasts to 2033

• The Global Coconut Water Market Size was Valued at USD 5.92 Billion in 2023
• The Market Size is Growing at a CAGR of 14.26% from 2023 to 2033
• The Worldwide Coconut Water Market Size is Expected to Reach USD 22.45 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Coconut Water Market Size is Anticipated to Exceed USD 22.45 Billion by 2033, Growing at a CAGR of 14.26% from 2023 to 2033.

Market Overview

Coconut water is an ancient tropical beverage whose popularity worldwide has been steadily growing in recent years. Aside from its many traditional uses, this delicious liquid derived from the coconut fruit has lately been designated as a "sports beverage" and has caught the interest of manufacturers as a natural functional drink. It is mostly water, with trace amounts of potassium, sodium, calcium, and magnesium among the important electrolytes. It also contains trace quantities of natural sugars, amino acids, and vitamins like B-complex and C.

One of the most significant benefits of coconut water is its capacity to adequately hydrate the body. This makes it a popular choice for athletes and others recovering from dehydration because it helps restore electrolyte balance while avoiding the extra sweets and artificial additives in many sports beverages. As per the data provided by the Coconut Development Board India cultivated nearly 11.93 metric tonnes, of coconuts accounting for 19.56% of the market share out of the total global production of coconut which accounts for 61 million metric tonnes for the year 2017-18.

Report Coverage

This research report categorizes the market for the global coconut water market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global coconut water market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global coconut water market.

Driving Factors

Coconut water finds its application in various industrial sectors like the food and beverage industry, beauty & care, and healthcare and nutrition. Its consumption increases mostly in hot and humid climates where the chances of getting dehydrated are high along with the loss of necessary electrolytes like sodium, potassium, and magnesium. Coconut water unlike many other beverages, is low in calories and fat which promotes a healthy diet. Furthermore, its high fiber content aids digestion and maintains a healthy digestive tract and is frequently used in detox and wellness beverages because of its natural cleansing capabilities.

Restraining Factors

The coconut water’s high potassium content and low shelf life are some of the reasons that will hinder the growth of the market. Due to its increased potassium numbers, it can be a matter of concern for individuals suffering from kidney issues or who are on medications that affect potassium levels in the body. They have a limited shelf life after opening and should be refrigerated and utilized within a few days. Coconut water can be expensive as compared to other beverages, especially from organic or premium brands.

Market Segmentation

The global coconut water market share is classified into nature, flavor, and packing.

• The organic segment is expected to hold the largest share of the global coconut water market during the forecast period.   

Based on nature, the global coconut water market is divided into conventional and organic. Among these, the organic segment is expected to hold the largest share of the global coconut water market during the forecast period. Organic coconut water is free from synthetic pesticides and fertilizers alongside the growing alignment with the consumers seeking natural, and healthier organic products. Furthermore, these items frequently attract higher pricing, which can lead to bigger profit margins for businesses and drive producers and consumers to the organic market. Governments and organizations are promoting organic cultivation and certification, which helps to increase the organic product industry.

• The flavored coconut water is expected to grow at the fastest CAGR in the global coconut water market during the forecast period.   

Based on the flavor, the global coconut water market is divided into plain coconut water, and flavored coconut water. Among these, the flavored coconut water segment is expected to grow at the fastest CAGR in the global coconut water market during the forecast period. The changing consumer preferences seek more variety and taste options while becoming an alternative to plain coconut water. Flavored coconut water drives innovation as brands introduce new and exotic flavors attracting more consumers thereby expanding the segment’s reach.

• The bottles segment is expected to grow at the fastest CAGR in the global coconut water market during the forecast period.   

Based on the packing, the global coconut water market is divided into cartons, bottles, and others. Among these, the bottles segment is expected to grow at the fastest CAGR in the global coconut water market during the forecast period. Bottled coconut water is convenient for drinking on the go. It is simple to transport, store, and consume, making it popular with people who value convenience in their fast-paced lives. In comparison to cartons, bottled coconut water is seen as a high-end product, which increases its appeal for customers willing to pay more money for convenience and superior quality. Also, the shelf life of bottled coconut water has been extended by advances in bottling technology, giving consumers and retailers additional choices.

Regional Segment Analysis of the Global Coconut Water Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global coconut water market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global coconut water market over the predicted timeframe. This is owing to the region's large coconut production and consumption, especially in nations such as India, Thailand, and the Philippines, where coconut water is a staple part of the diet. The widespread availability of coconuts and a strong cultural taste for coconut-based drinks drive enormous demand for coconut water in this area. Furthermore, increased health consciousness and consumer awareness of natural and organic products in countries such as China and Japan help to maintain the region's dominating market position for coconut water. As per the data provided by the Coconut Development Board the Philippines, Indonesia, India, Sri Lanka, Brazil, and Vietnam constitute the majority of the six nations that make up the Asian and Pacific Coconut Community (APCC), and together they account for 80.65% of the total area under coconut farming and around 82% of global output in 2017–2018.

North America is expected to grow at the fastest pace in the global coconut water market during the forecast period. Consumers in the United States and Canada are increasingly seeking natural and organic beverages, which is driving up demand for coconut water as a low-calorie, hydrating alternative to sugary drinks. The increasing availability of coconut water in supermarkets and retail outlets, along with unique product offers that appeal to a wide range of preferences, is driving market growth. The increased promotional activities and consumer education about the advantages of coconut water have stoked greater curiosity among the individuals of the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global coconut water market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Naked Juice Company
• Jain Agro Food Products Private Limited
• Elegance Brands Inc.
• All Market Inc.
• Vaivai SAS
• Celebes Coconut Corporation
• COCOZIA
• C2O Pure Coconut Water LLC
• Dabur India Limited
• Harmless Harvest.
• The Coca-Cola Company (ZICO)
• New Age Beverages Corporation
• PepsiCo (O.N.E. Coconut Water)
• Elegance Brands Inc.
• Shakti Coco products
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2022, Harmless Harvest released an organic coconut water blend infused with natural fruit flavors, such as pineapple and mango.

• In June 2022, Osena Beverage, a US-based company, introduced its ready-to-drink (RTD) spiked coconut water, making its entry into the "functional beverage" market.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global coconut water market based on the below-mentioned segments: 

Global Coconut Water Market, By Nature

• Conventional
• Organic

Global Coconut Water Market, By Flavor

• Plain Coconut Water
• Flavored Coconut Water

Global Coconut Water Market, By Packing

• Cartons
• Bottles
• Others

Global Coconut Water Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa