Coconut Water Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Global Coconut Water Market Share & Industry Trends and it is Segmented by Flavor (Plain Coconut Water, Flavored Coconut Water); by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels); and by Geography (North America, Europe, Asia-pacific, South America and Middle-East & Africa). The report offers market size and forecasts for coconut water in value (USD million) for all the above segments.

Coconut Water Market Size

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Coconut Water Market Summary
Study Period 2017 - 2029
Market Size (2024) USD 2.84 Billion
Market Size (2029) USD 4.73 Billion
CAGR (2024 - 2029) 10.77 %
Fastest Growing Market Europe
Largest Market Asia Pacific

Major Players

Coconut Water Market

*Disclaimer: Major Players sorted in no particular order

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Coconut Water Market Analysis

The Coconut Water Market size is estimated at USD 2.84 billion in 2024, and is expected to reach USD 4.73 billion by 2029, growing at a CAGR of 10.77% during the forecast period (2024-2029).

The segment of sweetened coconut water, which accounts for the lion's share of sales, dominates the coconut water market. The unreported sugar content in some coconut water brands can pose a problem for the industry's expansion. Due to consumer preference, packaged RTD Coconut water drinks are gaining ground in developed nations like the United States. Beverages with immunity-boosting and other functional qualities are becoming more popular due to the rising demand for available drinks. Since coconut water is also known for boosting immunity, prominent producers are progressively incorporating it into the standard healthy hydration category to take advantage of the market opportunity.

Fitness and health are essential to consumers. Natural alternatives to caffeinated and sugar-based energy drinks have become more popular among active and health-conscious customers. Coconut water has a low fat and sugar content and a low-calorie count. It's also beneficial for people with diabetes. Due to its nutritious characteristics, such as electrolytes and minerals, the demand for coconut water is fast increasing. Additionally, coconut water is preferred by vegan consumers in the market for its vegan properties. With increasing inclinations toward vegan beverages in the market, coconut water is one of the commonly preferred plant-based beverages for its natural and minimal processing, as coconut can be consumed without additional ingredients.

Coconut Water Market Trends

Growing Preference for Natural Drinks

Globally, consumers are becoming more health-conscious and seeking healthier products such as coconut water, which is marketed as a dehydrator, a natural diuretic, a digestive soother, and a cholesterol-lowering effect. Low-sugar products are appreciated by consumers, which is quite seen in the increase in sales of coconut water across various countries in recent years. The consumption of organic products is increasing in developed regions such as Europe and is quite positively influencing the consumption of organic coconut water. With more and more innovative coconut products introduced into the market, the demand for these products is expected to grow during the forecast period. Moreover, coconut is widely preferred by consumers with inclinations towards sports as coconut water is commonly referred to as a natural energy drink as it contains antioxidants and other nutritional properties which help regain lost energy during sports participation. This accelerated the usage of coconut water among consumers in the market.

Coconut Water Market: Fresh Coconut Imports, Value in USD Million, 2018-2021

Asia-Pacific Dominates the market

The Asia-Pacific is expected to dominate the market in terms of packaged coconut water consumption, particularly in China, India, Indonesia, and Australia. Coconut water is highly valued in Thailand as one of the healthiest beverages. Its clear and slightly sweet-tasting liquid from green coconuts is isotonic and has a high potassium content. This makes it a perfect choice of a refresher for restoring the body's nutrient balance after sports among the millennial population in the region. Since Asia-Pacific is one of the major producers of coconut water in the region, the quality of exporting products from the country largely depends on the processing methods followed by major companies. For instance, South East Asia's food and beverage manufacturer Tipco offers coconut water which undergoes UHT processing followed by filling in aseptic carton packs to ensure the nutrient coconut water is treated and packed gently. With an increase in the number of multinational companies setting up their manufacturing plant in the region, the market growth for these products is expected to grow during the forecast period.

Coconut Water Market: Market size (%), by region, 2021

Coconut Water Industry Overview

The market for coconut water is moderately fragmented. The key players in the market are focusing on growth strategies such as mergers and acquisitions and expanding their distribution capabilities to widen their presence in the market. Product launches, free from claims, and organic and natural origin claims were a few of the competitive strategies adopted by the manufacturers in the market. PepsiCo Inc, The Coca-Cola Company, C2O Pure Coconut Water, LLC, Amy & Brian Naturals, and All Market Inc are some prominent players operating in this market. Additionally, the emergence of new entrants is observed in the market as the product requires minimum processing, encouraging the new entrants to market their product.

Coconut Water Market Leaders

  1. All Market Inc

  2. Amy & Brian Naturals

  3. C2O Pure Coconut Water, LLC

  4. PepsiCo inc

  5. The Coca-Cola Company

*Disclaimer: Major Players sorted in no particular order

Coconut Water Market Concentration
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Coconut Water Market News

  • In January 2022, Kalbe Farma launched coconut water, Hydro Coco, with vitamin D3. Indonesia's Kalbe Farma has introduced Hydro Coco VITA-D, which is said to be the first vitamin D3 drink. Coconut water offers 600 IU of vitamin D3, meeting 100% of the RDI for vitamin D3, which helps to improve immunity. The beverage comes with the Healthier Choice logo.
  • In June 2021, Danone Manifesto Ventures (DMV) announced that it had acquired a majority stake in Harmless Harvest, a leader in organic coconut-based products, including coconut water.
  • In June 2021, Del Monte launched its first packaged coconut water in India. The company claims King Coconut Water is loaded with electrolytes and helps hydrate and replenish lost body fluids. The company claims that the products contain Sodium, Potassium, and Calcium.

Coconut Water Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Flavor

      1. 5.1.1 Plain coconut water

      2. 5.1.2 Flavored coconut water

    2. 5.2 Distribution Channel

      1. 5.2.1 Supermarkets and hypermarkets

      2. 5.2.2 Convenience stores

      3. 5.2.3 Online retail stores

      4. 5.2.4 Other distribution channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Leading Players

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 All Market Inc

      2. 6.3.2 Amy & Brian Naturals

      3. 6.3.3 C2O Pure Coconut Water, LLC

      4. 6.3.4 Harmless Harvest, Inc

      5. 6.3.5 MOJO Organics Inc

      6. 6.3.6 PepsiCo Inc

      7. 6.3.7 The Coca-Cola Company

      8. 6.3.8 Pulse Beverage Corp

      9. 6.3.9 Del Monte Foods

      10. 6.3.10 Taste Nirvana

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Coconut Water Industry Segmentation

Coconut water is the clear liquid inside coconuts. In early development, it serves as a suspension for the endosperm of the coconut during the nuclear phase of growth. The market has been segmented on the basis of flavor, distribution channel, and geography. It is segmented by flavor into plain coconut and flavored coconut water. The distribution channel is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. Geography is segmented into North America, Europe, Asia-pacific, South America, and Middle-East & Africa. For each segment, the market sizing and forecasts have been done based on value (in USD Million).

Flavor
Plain coconut water
Flavored coconut water
Distribution Channel
Supermarkets and hypermarkets
Convenience stores
Online retail stores
Other distribution channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Coconut Water Market Research FAQs

The Coconut Water Market size is expected to reach USD 2.84 billion in 2024 and grow at a CAGR of 10.77% to reach USD 4.73 billion by 2029.

In 2024, the Coconut Water Market size is expected to reach USD 2.84 billion.

All Market Inc, Amy & Brian Naturals, C2O Pure Coconut Water, LLC, PepsiCo inc and The Coca-Cola Company are the major companies operating in the Coconut Water Market.

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Coconut Water Market.

In 2023, the Coconut Water Market size was estimated at USD 2.56 billion. The report covers the Coconut Water Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Coconut Water Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The key challenges in the Global Coconut Water Market are a) Perishable nature of coconut water necessitates cold chain logistics, impacting overall production costs b) Presence of low-quality or diluted products can undermine consumer trust and brand reputation

Packaged Coconut Water Industry Report

Coconut water, celebrated for its hydrating qualities and nutrient-rich composition, is increasingly becoming a staple in the global beverage sector. Its appeal spans from health supplements and skincare to culinary uses and sports nutrition, drawing in a health-conscious audience. Supported by eco-friendly packaging and robust marketing, including social media influence and celebrity endorsements, its accessibility has surged through expanded retail and online platforms. A growing health awareness trend is propelling consumers towards coconut water's low-calorie benefits and its alignment with vegan and plant-based diets. The market is innovating with flavored and sweetened varieties, responding to a demand for convenient, lifestyle-oriented products. Coconut water analysis reveals a market segmentation favoring flavored options, underscoring the product’s broad consumer appeal and the shifting preferences towards plant-based hydration solutions. Statistics for the Packaged Coconut Water market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Packaged Coconut Water analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Coconut Water Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)