About Packaged Coconut Water
Coconut water is the liquid endosperm that is extracted from tender coconuts. Categorized as a fruit juice, coconut water is a popular beverage among consumers in tropical countries. Packaged coconut water is prepared by extracting the liquid from coconuts, processing, and then packaging it in cans, bottles; and paper and paperboards.
Technavio’s analysts forecast the global packaged coconut water market to grow at a CAGR of 26.2% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaged coconut water market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Packaged Coconut Water Market 2018-2022
Technavio recognizes the following companies as the key players in the global packaged coconut water market: All Market Inc., Amy & Brian Naturals, GraceKennedy, green coco Europe, PepsiCo, and THE COCA-COLA COMPANY.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for packaged sparkling coconut water. Due to the presence of artificial flavors, color additives, and high calorie count, carbonated sodas are deemed to be typically unhealthy. Owing to the increasing health awareness among consumers, they are extensively demanding for carbonated plant-based water as it is a healthy beverage with a fizz.”
According to the report, one driver in the market is increasing frequency of new product launches. Coconut water manufacturers are steadily involved in launching new and improved products with improved taste and versatility.
Further, the report states that one challenge in the market is growing awareness of other plant-based waters. Maple sap is considered a good hydration source with few calories as compared to coconut water. This plant-based water has good crisp, slightly sweet, and vaguely woody taste.
All Market Inc., Amy & Brian Naturals, GraceKennedy, green coco Europe, PepsiCo, and THE COCA-COLA COMPANY.