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Coconut water is a very beneficial natural water for our body. Coconut water provides significant levels of the essential vitamins B, zinc, selenium, iodine, sulfur, and manganese for health. Getting this every day provides radiance to the face and also enhances our body's blood.
Because of these benefits of cocoa water, people are now buying a lot of coconut water and selling it, and packaging it. You can therefore consider launching the coconut water business. Because the company will grow worldwide in coming time.
Indian Market Overview
The CAGR market for India packaged Coconut water is expected to increase by 18,4% during 2018-2023, due to increasing consumer health concerns due to hectic and demanding lifestyles.
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Increased demand for coconut packaged water is also attributable to increased awareness of the health benefits of drinking coconut water, increasing consumer preferences towards natural and healthy beverages rather than carbonated high-calorie beverages, and availability of innovative flavors such as lime, mango, litchi, and more.
Furthermore, some possible factors are predicted to boost demand in India for packaged coconut water over the coming five years including an increase in personal disposable income, an increase in young work-class populations, and a growing organized retail industry.
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What are the Driving Factors for Business Growth?
· Manufacturers strive to produce packaged coconut water in various flavors. The increasing trend of ready-to-go items and rapid urban planning are important factors that increase demand for different packaging products that are predicted to have a positive impact on the market for packed coconut water.
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· Awareness of the benefits of coconut water drinking will grow the packaged market in coconut water. Compared with a completely tender coconut, packaged coconut water is easy to transport. It is useful for sports and fitness events.
· Coconut water consumption maintains the organism hydrated and tastes better than ordinary water (antioxidant properties and several nutrient contents). The product type and packaging type, the distribution channel, the region, all segment the packed coconut water market. As a result of its health benefits and increasing customer desire for natural and healthy drinks instead of carbonated drinks, the increasing demand for packaged coconut water is.
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· Increasing knowledge about the health benefits of using coconut water is projected to lead the packaged coconut water market worldwide to rapidly change the retail business. Packaged coconut water is mainly eaten as a refreshing beverage and has many health advantages. The packaged coconut water market is likely to be driven mainly by increasing health concerns among consumers. People now tend to organic and natural items.
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· Coconut water has been developed as the finest alternative to hot calorie juices and beverages with health advantages and reduced calorie count. Firms concentrate on the aesthetics and the attractiveness of packaging, thereby increasing the attractiveness of products and increasing the consumer base of packed coconut water worldwide.
Government Support for Coconut Business
1. In the framework of the Coconut Technology Mission, 25% of the project cost is extended to a maximum of Rs. 50.00 lakhs, as the back-end subsidy for creating a processed cocoon unit to produce value-added coconut products, is credited.
2. CLUSTER integrated agricultural for the improvement of productivity- Coconut clusters aim to increase the production and productivity of cocoa from unit holdings by adopting a set of methods properly and promptly in a participatory way for farmers. This program will enable appropriate coconut-based agricultural systems to be adopted and will encourage community-based processing of farm levels for adds value. In a contiguous region of appropriate size 25-50 hectares regardless of individual holdings, the scheme is being implemented by the Board on a cluster basis.
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3. Assistance for organic manure units - To support the use of organic manures in coconut holdings, such as vermicompost, coir pith compost, common compost, and FYM. For the set-up of a unit, Rs.20000 financial support is offered per unit or 50% of the cost of production.
NPCS assist a startup or entrepreneur in examining every critical part of the company decision process through its numerous solutions, such as detailed project studies, project identification, and market research studies. Demand analysis, current players, regulatory environment, and market potential of a project are all included in our market research and project identification studies. Our detailed project reports, on the other hand, go into great detail about the financial aspects of the project.
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