Global Coconut Beverages Market Size By Type (Mixed Coconut Beverages, Pure Coconut Beverages), By Application (0-14 Yrs, 15-34 Yrs, 55 Yrs up), By Geographic Scope And Forecast

Coconut Beverages Market Size And Forecast

Coconut Beverages Market size was valued at USD 6.96 Billion in 2024 and is projected to reach USD 18.43 Billion by 2031, growing at a CAGR of 14.28% from 2024 to 2031.

The Global Coconut Beverages Market has witnessed huge growth owing to the increasing consumer preference especially for the products that offer maximum health benefits. The numerous health benefits of coconut have begun to overlap with a fast-growing health and wellness megatrend, with consumers increasingly seeking products that offer maximum health benefits. The Global Coconut Beverages Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Coconut Beverages Market Definition

Coconut is the best source of food, oil, coconut water, coconut milk, and medicine. Normally, coconut milk, cream, and water are mixed with other ingredients such as juices, purees, cocoa, coffee, soymilk, and more, creating unlimited chances of coconut-based beverages. These ingredients can differ, depending on the drinking quality and target cost of composing the final product. The significant ingredients used for recombined coconut beverages are water, additives, coconut source, fats, and oils. Water is the major ingredient in coconut beverages. The water component must meet the WHO standards for drinking water. These include the sensory attributes, physical, chemical, and microbiological evidence of water.

The additives also assist several functions in coconut beverages. For example, the addition of minerals like calcium and fortification with fat and water-soluble vitamins can increase the nutritional value of these products. Occasionally fats and oils are also added to increase the texture and mouthfeel of the coconut beverages. The liquid form of coconut source can readily turn into beverages by diluting the liquid concentrate. These products are intended to cater to consumers with busy lifestyles who are demanding healthy beverage and snack products in quality, sustainable packaging that they can utilize while on the move.

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Global Coconut Beverages Market Overview

With various health benefits and a variety of utilization for food and beverage categories, coconut is becoming an increasingly and regularly used ingredient. The data shows that younger consumers are increasing their focus on health and wellness. For instance, 51 percent of millennials avoid fast food, thus, the market for healthy beverages such as those derived from coconut and made by mixing coconut sources with other ingredients is increasing at a higher rate. Over the past few years, the various health benefits of coconut have begun to overlap with a fast-growing health and wellness megatrend, with consumers increasingly seeking products that offer maximum health benefits. This in turn has also boosted the Global Coconut Beverages Market growth. Moreover, the increasing importance of coconut beverages enhancing drinks in sports events with its electrolyte proportion will propel the development of the Coconut Beverages Market over the estimated timeline.

Coconut beverages offer several benefits, but some factors restrain the market growth. The beverage made by coconut milk can have health benefits, but overconsumption can cause problems as it contains high levels of calories and fats. This over-consumption of milk and eating a carbohydrate-rich diet can result in weight gain. This in turn is expected a major factor hampering the growth of the Coconut Beverages Market. Furthermore, the establishment of processing plants near plantation sites and developing pre-processing and processing parts of existing plants seems to be a major challenge in the growth of the Coconut Beverages Market.

Global Coconut Beverages Market Segmentation Analysis

The Global Coconut Beverages Market Is Segmented On The Basis Of Type, Application, And Geography.

Coconut Beverages Market, By Type

• Mixed Coconut Beverages
• Pure Coconut Beverages

Based on Type, The market is bifurcated into Mixed Coconut Beverages and Pure Coconut Beverages. Mixed coconut beverages hold the largest market share, owing to the increasing consumer preference for these products.

Coconut Beverages Market, By Application

• 0-14 yrs
• 15-34 yrs
• 35-54 yrs
• 55 yrs up

Based on the Application, The market is bifurcated into 0-14 yrs, 15-34 yrs, 35-54 yrs, and 55 yrs up. The 15-34 years segment is dominating the major market and is expected to maintain its dominance in the coming years. This growth is attributed to the increasing focus of younger consumers on health and wellness, which led them to consume coconut-made beverages.

Coconut Beverages Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Coconut Beverages Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region dominates the major coconut beverages market, as this region is a big hub of coconut production, with approximately 75 percent of the world’s coconuts being produced in this region. This region produces around 55 billion coconuts per year.

Key Players

The “Global Coconut Beverages Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are VITA COCO, Pepsico, Coca-Cola(Zico), Green Coco Europe, Taste Nirvana, C2O Pure Coconut Water, Tradecons GmbH, UFC Coconut Water, Edward & Sons, and Maverick Brands. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• In Dec 2021, Vita Coco and Lyft Team Up to Keep Consumers Hydrated and Riding Responsibly on New Year’s Eve.

Mergers and Acquisitions

• In Jan 2021, The Coca-Cola Company has sold ZICO coconut water to PowerPlant Ventures, which announced the acquisition. Mark Rampolla, the brand genius behind ZICO, which he developed in 2004 and sold to The Coca-Cola Company in 2013, co-founded and co-leads PowerPlant Ventures, a growth equity investor. The terms of the agreement were not disclosed.

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Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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