What is the market for coconut water?
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What is the market for coconut water?
Market Overview: The global coconut water market reached a value of US$ 4.57 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 12.13 Billion by 2026, exhibiting a CAGR of 17.12\% during 2021-2026.
Which country consumes the most coconut water?
Brazil by far the largest market It is a popular refreshing beverage widely consumed in tropical countries, commonly sold fresh by street vendors still in its green shell, and drunk through a straw.
How big is the coconut water market?
USD 4.27 billion
The global coconut water market size was valued at USD 4.27 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 16.1\% from 2020 to 2027.
Where does coconut water come from?
Coconut water is a sweet, translucent fluid that you may drink straight from young green coconuts. It comes naturally within the fruit and is referred to as the liquid endosperm ( 2 ). Once young coconuts start to mature, coconut water starts to harden to form coconut meat — known as the solid endosperm ( 2 ).
Which country is the largest producer of coconut?
Indonesia
Indonesia is the world’s leading coconut producer in 2019, with about 17.13 million metric tons of coconuts produced….Coconut production worldwide in 2019, by leading country (in million metric tons)
| Characteristic | Production in million metric tons |
|---|---|
| – | – |
What is the top producing province of coconut?
Davao Region was the top coconut producer with 455.45 thousand metric tons output or 13.8 percent of the total coconut production. This was followed by Northern Mindanao and Zamboanga Peninsula with 13.3 and 12.7 percent shares, respectively.
What percent of a coconut is water?
It is comprised of 3.2 percent sugar, less than one percent of fat and protein, and water which make up an over 90 percent share of its main contents.
What health benefits does coconut water have?
Here are 7 health benefits of coconut water.
- Good source of several nutrients.
- May have antioxidant properties.
- May help lower blood sugar for people living with diabetes.
- May help prevent kidney stones.
- May support heart health.
- Beneficial after prolonged exercise.
- Delicious source of hydration.
What is the global coconut water market size?
The global coconut water market size was valued at USD 4.27 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 16.1\% from 2020 to 2027. Over the past few years, people worldwide are increasingly adopting several healthy and nutritional drinks to maintain a healthy lifestyle.
What is the growing segment in the coconut oil market?
Coconut water, which is drained from young coconuts, and virgin coconut oil, which is obtained from pressing the meat of fresh coconuts, are the growing segments in the market. Coconut oil holds a significant share in the market with its growing usage as cooking oil, coupled with its benefits in skin and hair care.
What is driving the growth of the coconut milk market?
The growing preference toward healthier dairy milk alternatives and naturalness is expected to increase the demand for coconut products. The growing innovations in the field, leading to enhanced product quality and enriching its dietary value, are also factors attributing to the growth of the market.
What is the forecast period of the food & beverage coconut products market?
Home Industry Reports Food & Beverage Coconut Products Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – Need a report that reflects how COVID-19 has impacted this market and its growth? The coconut products market is forecast to witness a CAGR of 9.65\% during the forecast period (2020-2025).