According to IMARC Group’s latest report, titled “Coconut Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global coconut water market reached a value of US$ 4.57 Billion in 2020. Coconut water is the naturally occurring clear liquid found inside green and unripe coconuts. It has a nutty and sweet flavor that serves as a refreshing and low-calorie beverage. Coconut water acts as a rich source of various natural electrolytes, such as potassium, sodium, calcium, magnesium, etc., that aid in improving heart health, reducing high blood pressure levels, lowering blood sugar, enhancing metabolism, etc. It also acts as a good source of cytokines and phytohormones, which exhibit several properties, including anti-carcinogenic, antiaging, antithrombotic, etc.
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The high prevalence of numerous lifestyle disorders, such as obesity, diabetes, cardiovascular ailments, etc., and shifting consumer preferences from carbonated beverages to healthier drinks are driving the coconut water market. Furthermore, the rising consumer awareness towards the various health benefits associated with coconut water is also bolstering the product demand. Additionally, the wide availability of coconut water in portable packaging solutions, such as bottles and tetra packs for on-the-go consumption, is catalyzing the market growth. Apart from this, the elevating demand for organic and clean-label coconut water with GMO-free, allergen-free, and zero preservative content is expected to fuel the market growth over the forecasted period. Looking forward, IMARC Group expects the global coconut water market to reach a value of US$ 12.13 Billion by 2026, exhibiting a CAGR of 17.12% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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