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India nowadays is experiencing substantial expansion in the coconut water market. The coconut water, found in the central cavity of tender green coconuts, is a refreshing or natural energy drink.
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It consists of potassium, sodium, magnesium, manganese, and calcium, which assist replenish the fluid content lost from the body post-workout and exercise. Coconut water is used as a flavoring agent and cocktail base in different kitchens and drinks. Market participants in India have added coconut water to tetra packages that keep the product fresh and spoilable.
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Indian Coconut Market Scenario
India packaged coconut water market grew in 2017 at $ 9.2 million. Due to growing consumer health concerns because of the stressful and heated lifestyle, it would expand by a CAGR of 18.4% in 2018–23 to $ 25.4 million by 2023. A growing need for packaged coconut water may also be driven by an increase in knowledge of the possible health advantages of coconut water, increased consumer choices for natural and whole some ness beverages over high-calorie carbonated beverages, and creative varieties such as lemon, mango, lithium, etc.
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Global Market Scenario
In the predicted time, the worldwide coconut water market would increase to 6.3% in the CAGR (2020-2025). The coconut market is dominated by the highest percentage of the sweetened coconut water sector. In some of the coconut water brands, unreported amounts of sugar can threaten the segment's growth.
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Packaged RTD Coconut water drinks are gaining prominence in developed nations such as America since they are preferred to the consumer. In additional value sectors, such as NFC coconut water and organic coconut water, there are numerous prospects for developing nation exporters.
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Growing Demand for Flavoured Drink
Consumers worldwide are growing more aware of health and are looking for healthier products such as coconut water, which is sold as a dehydrator, a diuretic, diuretic soot, and a cholesterol-lowering agent. The consumer appreciates low-sugar products since the sales of coconut water in many nations in recent years have increased significantly.
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In developed nations such as Europe, the consumption of organic products is growing and is influencing organic coconut water very positively. The demand for these items will increase during the projection period, given the introduction into the market of increasingly inventive coconut products.
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Asia-Pacific Region Dominance in the Market
The Asia Pacific region, especially China, India, Indonesia, and Australia, should lead the market in terms of coconut water consumption. The value of coconut water as one of the healthiest drinks in Thailand is great. The juice from green coconuts is clearly and mildly sweet, isotonic, and has a high potassium concentration.
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The excellent choice to restore the nutrient balance of your body after sports among the region's thousand-year-old inhabitants. As one of the main producers of coconut water in the region, Asia-Pacific is primarily dependent on the processing methods used by leading corporations in terms of the quality of export products.
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For example, the food and drink company in South-East Asia Tipco supplies coconut water, which is processed with UHT and filled with aseptic cardboard packaging, to make sure that coconut nutrient water is soft and well packaged. The market growth of such items in the forecast period is expected to develop as the number of international firms establishing their manufacturing facility in the region increases.
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NPCS research reports broadly cover Indian markets, present analysis, outlook, and forecast for five years. The market forecasts are developed based on secondary research and are cross-validated through interactions with the industry players. We use reliable sources of information and databases. And information from such sources is processed by us and included in the report
