Liquid refreshment beverages have been introduced in Western countries as a healthy alternative to sweetened beverages. The wave of health-consciousness among the masses and investment in alternative forms of physical exercise has led to these beverages finding a niche. Organic coconut water is sourced by de-shelling of coconuts and extracting the water within. Market Research Future (MRFR) highlights the salient features of the global organic coconut water market report and its prospects for the period between 2018 and 2023 (forecast period).
Market Scope
The global organic coconut water market industry is projected to touch a value of USD 804.4 million by 2023 while exhibiting a CAGR of 18.7% during the forecast period. Inclination towards natural beverages is expected to be the major driver of the market. Consumers are buying and consuming the beverages in large quantities owing to its benefits. The use of social media and high response given to brands by consumers has led to many major companies having a successful foothold in the market. One particular company, ZICO, has managed to diversify its product offerings by introducing new flavors and staying loyal to original tastes.
Coconut water has been recommended to patients on a liquid-only diet and its functional benefits have led to accumulation of various customers. Investments by equity partners into niche categories has led to numerous brands and partnerships in the market. Clean labeling guidelines proposed by beverage regulators may pose a challenge to the market. But innovative designs in packaging and adherence to transparency may bolster the market to new heights.
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Segmentation
The global organic coconut water market has been segmented by type, packaging type, and distribution channel.
Based on type, it has been categorized into pure coconut water and mixed coconut water. Pure coconut water held close to 69.36% market share in 2018 with a valuation pegged at USD 237 million. The segment has gained traction due to its functional benefits and leaning towards holistic living. However, the mixed coconut water segment can gain market share due to consumer preference towards flavored beverages. It is touted to gain revenue for the global organic coconut water market till 2023 at a CAGR of 18.89%.
By packaging type, it is segmented into cartons, bottles, and others. Cartons accounted for 45.88% market share in 2018. It is bound to generate revenues close to USD 365.5 million by 2023 due to the strength and stability of the containers.
By distribution channel, the global market has been categorized into store-based and non-store-based.
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Regional Analysis
The global organic coconut water market reports regions of prime importance, namely Asia Pacific (APAC), Europe, North America, and the Rest-of-the-World (RoW).
North America accounted for 36.03% market share in 2018 due to preference for plant-based beverages and leaning towards wellness. It is expected to dominate and contribute the maximum to the global organic coconut water market at a CAGR of 18.20% during the assessment period. The U.S. is one of the biggest consumers of organically derived refreshments giving scope to the market. The slow rise of veganism in parts of the U.S. can induce market demand.
Europe is the second biggest region for the global organic coconut water market with its valuation expected to surpass USD 280 million by 2023. Germany is expected to be one of the biggest revenue contributors due to consumers preferring non-dairy diets.
Competitive Outlook
Headmost players in the global organic coconut water market include C2O Pure Coconut Water, LLC, PepsiCo, Inc., Edward & Sons Trading Company, Inc., Harmless Harvest, Purity Organic, LLC, EPICUREX LLC, Munkijo, Celebes Coconut Corporation, The Coca-Cola Company, and Windmill Organics Limited. Launch of new flavors is the prime strategy considered by these players to gain an edge over the competition. In 2019, Costco, one of the biggest wholesalers of the U.S., has launched its own organic coconut water line under its Kirkland brand. The huge subscriber base enjoyed by Costco Corporation is likely to bode well in its sales of organic coconut water.
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Market ForecastGlobal Car Phone Holders Market size is projected to be valued at USD 1,241.91 Million by 2027 and growing at a CAGR of 5.92% between 2020 and 2027.
Demand for car phone holders is increasing at a rapid rate across the world for several associated benefits.
Car phone holders are attached to the windshield or dashboard to check routes or directions.
These products are less durable and do not hold mobile phones firmly.
Therefore, the growing presence of private label brands aiding the unorganized market is expected to restrict the global car phone holders market growth during the years to come.Moreover, due to the outbreak of covid-19, many manufacturing units in China and other countries have been closed.
However, key market players are focusing on product launches, such as smart car phone holders and innovative designs to boost the demand for car phone holders in the present scenario.
Plant-Based Meat Market:WiseGuyReports.com adds “Global Plant-Based Meat Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryThe global plant-based meat market is expected to grow from $12.22 billion in 2019 and to $12.41 billion in 2020 at a growth rate of 1.58%.
The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to grow and reach $17.73 billion in 2023 at CAGR of 12.62%.The plant-based meat market consists of sales of plant-based meat and related services.
The plant-based meat is produced using ingredients such as wheat gluten, lentils, yuba, tofu, soybeans, and a variety of nuts.North America was the largest region in the plant-based meat market in 2019.
Asia-Pacific was the second largest region in the plant-based meat market in 2019.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5320585-plant-based-meat-global-market-report-2020-30In March 2018, Kerry Group, an Ireland-based public food company, announced a major move into the meat substitutes market with the acquisition of Ojah, an innovative producer of textured meat alternatives based in the Netherlands for an approximate amount of USD 24 billion.
At Whole Foods, an America-based multinational supermarket chain, the retail price of Beyond Burger is USD 12 a pound, whereas regular ground beef burger costs for less than half i.e.
Industry/ Innovation/ Related News:November 23, 2017– DSM invests USD 18.12 million to expand capacity at Coating Resins plant in Meppen (Germany).DSM is a global science company active in health, nutrition and materials, announced it has invested USD 15 18.12 million for the expansion of its Coating Resins plant in Meppen, Germany.
The overall impact of this investment to be seen in coatings especially in plastic application and likely to drive its demand in automotive applications.
August 17, 2017- Axalta Coating Systems completes the acquisition of Plascoat Systems Limited.
Moreover, Dow has been a long-term strategic partner in Saudi Arabia for nearly four decades and is the largest foreign investor in the country.
This could be the added advantage for them and this may help them to strengthen their market position.
The proposed Plastics investment will include constructing a fully-integrated slogans and high performance Plastics coating market share complex geared towards markets and industries such as home and personal care, automotive, high performance building and construction, solar energy, medical devices, and oil and gas.January 1, 2017- Shin-Etsu Chemical announces to expand Plastics production capacity in the U.S. the company recently announced plans to expand the production capacity of its Akron, Ohio plant, Shin-Etsu Plastics of America (SESA), which is engaged in the manufacturing and sales of Plastics.
Market HighlightsThe Global Aloe Vera Derivatives Market is expected to register a CAGR of 6.4% to reach USD 4,059.63 Million by 2025.Aloe vera is a perennial succulent plant that is cultivated for its health and medicinal benefits.
Aloe vera and its derivatives are known for improving skin health, reducing the appearance of wrinkles, and helping control blood sugar levels.
The demand for aloe vera derivatives is also increasing due to the growth of the application industries.
Rising health consciousness around the world has resulted in a shift in consumer preference toward plant-based beverages.
Personal care is yet another prominent industry where aloe vera derivatives are widely used owing to rising awareness regarding the side effects of several chemical ingredients in cosmetics.
The gel segment accounted for the largest market share in 2018.
