The packaged coconut water market in Europe is expected to reach values of more than $1 billion by 2023 and is anticipated to grow at a CAGR of approximately 22% during the forecast period.
Arizton’s recent market research report on the packaged coconut water market in Europe identifies PepsiCo Inc., Coca-Cola, Vita Coco, and Green COCO Europe as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by variants (plain and flavored), by packaging (paper and paperboard, plastic, and others), by type (sweetened and unsweetened), by distribution channel (hypermarket and supermarket, convenience stores, specialty stores, and other), and by geography (UK, Germany, France, Italy, Spain, Russia, Benelux, and others).
The market in Europe is divided into five major segments that include by variants, packaging, type, distribution, and geography.
The UK to occupy the largest market share in the packaged coconut water market in Europe during forecast period
The packaged coconut water market in Europe by geography is segmented into UK, Germany, France, Italy, Spain, Russia, Benelux, and others.
The UK packaged coconut water market dominated the overall European market share in 2017 and is projected to grow at a CAGR of more than 21% during the forecast period.
The growing demand for natural, pure, fat-free, no added sugar, and organic products are propelling the growth of the UK market in Europe. The most popular brands in the UK packaged coconut water market are Vita Coco, Innocent, Naked, and Grace. The growing number of health-conscious people that are looking for product labels to avoid artificial sweeteners intake and count calories and sugar intake will drive the growth of the packaged coconut water market in Europe. The well-established distribution network driven by supermarkets and hypermarkets will help vendors expand their businesses to new regions in the European market. The development of internet retailing and establishment of safety standards in the region will also encourage players to launch new product portfolios in the European market.
Unsweetened type to grow at the fastest CAGR during the forecast period
The type segment of the packaged coconut water market in Europe is classified into sweetened and unsweetened.
The unsweetened type was the fastest growing segment of the market at a CAGR of around 28% during the forecast period.
Unsweetened type is all natural and pure form packaged for commercial consumption that maintains original taste. The growing number of health-conscious consumers that are want to substitute carbonated drinks and other sugary beverages with organic and natural products is propelling the growth of the European market. Natural coconut water helps subdue cravings and has no cholesterol and low sugar content that is the best alternative for people with diabetics or other health concerns. The vendors are introducing flavored variants to make these palatable for larger consumer segment and gain a larger market share in the European market.
Plastic packaging to grow at a significant CAGR in the European packaged coconut water market during the forecast period
The market in Europe is divided into paper and paperboard, plastic, and others, by packaging mode.
Plastic packaging is the fastest growing segment of the market at a CAGR of approximately 26% during the forecast period.
Factors such as lightweight, cost-effectiveness, versatility, and foldability of plastic materials are driving the growth of this segment in the European market. HDPE and PET are some of the most widely used packaging material in the beverage industry and specifically in the packaged coconut water market in Europe. The logistics cost saving associated with plastic packaging is expected to propel the demand for these materials in the European market during the forecast period.
The other prominent players in the packaged coconut water market in Europe are CHI Coconut Water, H2 COCO, INVO Coconut Water, Delta Meaf General Trading FZE, Thai Agri Food Public Company Ltd, Cocofina –The Coconut Experts, Tradecons Gmbh, Genuine Coconut, Happy Coco, Kulau Gmbh, Mighty Bee Ltd, RiRi Coconut Water, Rubicon Drinks Ltd, Tiana Fair Trade Organics, Tropical Sun Foods, Windmill Organics, Alnatura, and Zumi Natural.
The complete overview of the latest market research report on European packaged coconut water market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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