According to a new report Global Coconut Water Market, published by KBV research, The Global Coconut Water Market size is expected to reach $11.2 billion by 2026, rising at a market growth of 16.8% CAGR during the forecast period.
Eco-friendly paperboards like Tetra Pack is leading in the market. They are likely to remain as the primary choice for market leaders like Vita Coco, O.N.E due to their ecological nature and on-the-go convenience. Around 65% of producers of coconut water prefer paperboards and carton-packed drinks for their package. Paperboards are the preferred mode of packaging mostly in countries like Russia, China, Brazil, and India, wherever tetra packs are driving the beverage packaging market.
Supermarkets and hypermarkets are the best channels for the sale of huge volumes for commercial consumption. The largest share is constituted by supermarkets in the North American region owing to the ample availability of retail chains. Hypermarkets are also increasing in numbers in emerging economies like India.
The North America market in the Global Coconut Water Market be growing at a CAGR of 16.1 % during the forecast period. The Asia Pacific market is estimated to grow at a CAGR of 18.4% during (2020 - 2026). Additionally, The Europe market would showcase a CAGR of 16.4% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/coconut-water-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of PepsiCo, Inc., The Coca Cola Company, NewAge, Inc., All Markets, Inc., Pulse Beverages Corporation, Celebs Coconut Corporation, C2O Pure Coconut Water, LLC (Novamex), Harmless Harvest, Inc., Amy & Brian Naturals, and Vaivai SAS.
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