- ID: 4431559 Report November 2017
Coconut water is the liquid inside coconuts. It is usually extracted from young and tender coconuts, which are six to nine months old, wherein maximum yield of desired taste can be extracted. This ubiquitous juice product has displayed a stellar growth in the consumption over the past few years and is often referred as a major growth story in the beverage market.
The global packaged coconut water market will cross US$8.3 billion, growing significantly with a CAGR of 25% during the period 2017-2023. The market is expected to increase in terms of volume and revenues. The market is set to expect the entry of major FMCG companies and major retailers looking forward to launching coconut water on their own labels. Majors such as PepsiCo, Coca Cola and Vita Coco are expected to commit investments to the tune of $1 billion over the forecast period.
The report provides a holistic view of the global market, companies involved, and factors driving the growth of the market. It also provides information about the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.