Europe Coconut Water Market by Product and Flavour - Forecast and Analysis 2023-2027

Published: Mar 2023

Pages: 147

SKU: IRTNTR70696

Snapshot

Europe Coconut Water Market – Industry Trends and Forecast 2023

The coconut water market in Europe is estimated to grow at a CAGR of 13.41% between 2022 and 2027. The size of the market is forecast to increase by USD 521.49 million The growth of the market depends on several factors, including the nutritional benefits of coconut water, the demand for gluten-free food and beverages, and marketing initiatives for promoting coconut water in Europe.

This coconut water market in Europe report extensively covers market segmentation by Flavor (flavored coconut water and plain coconut water) and Product (sweetened coconut water and unsweetened coconut water). Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

The rise of the Europe Coconut Water Market is driven by the nutritional benefits of coconut water. It's gaining popularity as a healthier alternative to sugary drinks like sodas and juices. Coconut water is rich in essential electrolytes, vitamins (C), and minerals (magnesium, potassium, sodium, calcium, and manganese). Plus, it contains antioxidants that combat harmful free radicals in the body. With consumers in Europe seeking natural, additive-free options, the demand for packaged coconut water is on the rise.

Additionally, the gluten-free food and beverage market in Europe is growing steadily due to increased health consciousness and awareness of celiac disease. Since there's no cure for celiac disease, a gluten-free diet is essential, and coconut water serves as a natural gluten-free substitute. This dual trend is expected to boost the demand for packaged coconut water in Europe. It also includes an in-depth analysis of drivers, trends, and challenges.

Coconut Water Market in Europe : Overview

The Coconut Water Market in Europe shows an accelerated CAGR during the forecast period.

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Trends

The growing trend for organic coconut water is a key trend influencing the growth of the European coconut water market. Organic coconut water is growing in popularity as consumers choose healthy, natural, and safe foods. In addition, many consumers in the region are concerned about the origin and quality of the ingredients used in the preparation of their products. In 2019, Germany accounted for almost 20% of the global organic food retail sales share. In the UK, many green millennials and older consumers prefer organic food, accounting for almost 5% of the UK food and beverage market in 2019. However, high growth is expected during the forecast period. Due to this companies such as TIANA Fair Trade Organics, Klau, CHi, Rude Health, DashOrganics, Bukofoods.com, biona Organic, and Rebel Kitchen are now selling organic coconut water products in European countries. Demand for organic coconut water in Europe is expected to increase during the forecast period, which will boost sales across the region's market.

Along with all this, attractive and innovative packaging is becoming the best way to attract new consumers and increase demand for products. It is an important parameter for consumers to evaluate a brand and its products. Therefore, many players are now coming up with attractive and innovative packaging for coconut water. For example, coconut water in plastic bottles aims to provide consumers with a more accessible and take-away format. More vendors are likely to launch coconut water products in new and innovative packaging to attract consumer attention.

Challenge

The manufacturing challenges faced by different market players are challenging the growth of the Europe Coconut Water Market. Some of the key manufacturing challenges faced by packaged coconut water producers in the region involve turbidity in coconut water, the requirement for proper manufacturing procedures, and the risk of oxidation of different coconut products. Therefore, additional measures are needed to protect the quality of the beverage at all stages of the manufacturing process. Hence, it is important for players to overcome these challenges in order to have a smooth crafting process. Along with all this, another biggest challenge that the regional coconut water market is facing is product consistency. Since all coconuts are different, not all taste the same. Coconuts closer to the coast are saltier, while those in inland have a milder taste. This makes it difficult to be consistent with packaged coconut water. Consumers also typically develop specific tastes when first consuming a particular brand of food or drink. Consumers find it difficult to adapt to changing preferences for the same products from well-known brands.

Supply chain reliability issues are often a stumbling block for parties producing coconut water in Europe. This is because the major suppliers of coconut water are mainly in APAC, with fragmented plantations within the region. There are many logistical issues prevalent in APAC. Poor infrastructure in the region is also a challenge for the Europe Coconut Water Market. Therefore, there are many unreliable links in the supply chain.

Coconut Water Market in Europe Segmentation by Product

The sweetened coconut water segment in the European market faces challenges due to health-conscious consumers avoiding high-sugar products. Strict regulations, including sugar content labeling, will impact this segment negatively. Vendors are expanding their presence in organized retailing, with supermarkets and convenience stores being key targets. Marketing strategies like branding, product sampling, and discounts are driving consumer foot traffic in physical stores and are expected to boost the sweetened coconut water segment in Europe.

Coconut Water Market in Europe Segmentation by Flavour

The market share growth by the flavored coconut water segment will be significant during the forecast period. Demand for flavored coconut water is skyrocketing as many consumers in the region often seek a nutritious and refreshing drink compared to pure coconut water. Players involved in this space are therefore focusing on blending coconut water with various flavors such as mango, chocolate, and pomegranate to make the final product. Many parents prefer flavored coconut water for their children for its health benefits and availability of various flavors.

The Flavored Coconut Water Segment was valued at USD 225.83 million in 2017 and continued to grow until 2021.

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The flavored coconut water segment, valued at USD 225.83 million in 2017, has seen consistent growth through 2021. This surge in demand is driven by consumers in the region seeking a refreshing and nutritious alternative to plain coconut water. Industry players are responding by infusing coconut water with a range of flavors, including mango, chocolate, and pomegranate. Flavored coconut water is a hit among parents, offering both health benefits and a variety of flavors for their children. Leading brands like Vita Coco cater to this market by offering a diverse range of flavored coconut water products.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Key Offering-Chi: The company offers milk, packaged coconut water without fruit sugar, and oil.

The coconut water market in Europe report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The coconut water market in Europe report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Flavor Outlook (USD Million, 2017 - 2027)
- Flavored coconut water
- Plain coconut water
Product Outlook (USD Million, 2017 - 2027)
- Sweetened coconut water
- Unsweetened coconut water

Coconut Water Market In Europe Scope
Report Coverage	Details
Page number	147
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 13.41%
Market growth 2023-2027	USD 521.49 million
Market structure	USD Fragmented
YoY growth 2022-2023(%)	12.7
Regional analysis	Europe
Performing market contribution	Europe at 100%
Key countries	UK, France, Spain, Germany, and Rest of Europe
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Chi, Cocofina Ltd., Cocos Pure Beverage Corp., First Grade International, FORCE BIO SAS, Goya Foods Inc., Gracekennedy Ltd., Happy Coco BV, Helios Ingredients Ltd., MightyBee Ltd., NATURE INNOVATION, PepsiCo Inc., The Coca Cola Co., The Green Coconut Foods Co. Ltd., The Vita Coco Co. Inc., TIANA Fairtrade Organics Ltd., Tropical Sun Foods, Universal Food Public Co. Ltd., Worlds Coconut Trading S.L., and ZICO Rising Inc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Coconut Water Market In Europe In Regional Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the size of the coconut water market in Europe size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across Europe
Thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of coconut water market in Europe companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Flavor
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

4 Historic Market Size

4.1 Coconut water market in Europe 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Coconut water market in Europe 2017 - 2021 ($ million)

4.2 Flavour Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Flavour Segment 2017 - 2021 ($ million)

4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.4 Country Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Flavor

6.1 Market segments
- Exhibit 29: Chart on Flavor - Market share 2022-2027 (%)
- Exhibit 30: Data Table on Flavor - Market share 2022-2027 (%)

6.2 Comparison by Flavor
- Exhibit 31: Chart on Comparison by Flavor
- Exhibit 32: Data Table on Comparison by Flavor

6.3 Flavored coconut water - Market size and forecast 2022-2027
- Exhibit 33: Chart on Flavored coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Flavored coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Flavored coconut water - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Flavored coconut water - Year-over-year growth 2022-2027 (%)

6.4 Plain coconut water - Market size and forecast 2022-2027
- Exhibit 37: Chart on Plain coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Plain coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Plain coconut water - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Plain coconut water - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Flavor
- Exhibit 41: Market opportunity by Flavor ($ million)
- Exhibit 42: Data Table on Market opportunity by Flavor ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 43: Chart on Product - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product

7.3 Sweetened coconut water - Market size and forecast 2022-2027
- Exhibit 47: Chart on Sweetened coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Sweetened coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Sweetened coconut water - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Sweetened coconut water - Year-over-year growth 2022-2027 (%)

7.4 Unsweetened coconut water - Market size and forecast 2022-2027
- Exhibit 51: Chart on Unsweetened coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Unsweetened coconut water - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Unsweetened coconut water - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Unsweetened coconut water - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Product
- Exhibit 55: Market opportunity by Product ($ million)
- Exhibit 56: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison

9.3 UK - Market size and forecast 2022-2027
- Exhibit 62: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 63: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 65: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.4 France - Market size and forecast 2022-2027
- Exhibit 66: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on France - Year-over-year growth 2022-2027 (%)

9.5 Spain - Market size and forecast 2022-2027
- Exhibit 70: Chart on Spain - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Chart on Spain - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on Spain - Year-over-year growth 2022-2027 (%)

9.6 Germany - Market size and forecast 2022-2027
- Exhibit 74: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.7 Rest of Europe - Market size and forecast 2022-2027
- Exhibit 78: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)

9.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
- Exhibit 83: Data Table on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption

11.4 Industry risks
- Exhibit 87: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 88: Vendors covered

12.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification

12.3 Chi
- Exhibit 90: Chi - Overview
- Exhibit 91: Chi - Product / Service
- Exhibit 92: Chi - Key offerings

12.4 Cocofina Ltd.
- Exhibit 93: Cocofina Ltd. - Overview
- Exhibit 94: Cocofina Ltd. - Product / Service
- Exhibit 95: Cocofina Ltd. - Key offerings

12.5 First Grade International
- Exhibit 96: First Grade International - Overview
- Exhibit 97: First Grade International - Product / Service
- Exhibit 98: First Grade International - Key offerings

12.6 Goya Foods Inc.
- Exhibit 99: Goya Foods Inc. - Overview
- Exhibit 100: Goya Foods Inc. - Product / Service
- Exhibit 101: Goya Foods Inc. - Key offerings

12.7 Gracekennedy Ltd.
- Exhibit 102: Gracekennedy Ltd. - Overview
- Exhibit 103: Gracekennedy Ltd. - Business segments
- Exhibit 104: Gracekennedy Ltd. - Key news
- Exhibit 105: Gracekennedy Ltd. - Key offerings
- Exhibit 106: Gracekennedy Ltd. - Segment focus

12.8 Happy Coco BV
- Exhibit 107: Happy Coco BV - Overview
- Exhibit 108: Happy Coco BV - Product / Service
- Exhibit 109: Happy Coco BV - Key offerings

12.9 Helios Ingredients Ltd.
- Exhibit 110: Helios Ingredients Ltd. - Overview
- Exhibit 111: Helios Ingredients Ltd. - Product / Service
- Exhibit 112: Helios Ingredients Ltd. - Key offerings

12.10 NATURE INNOVATION
- Exhibit 113: NATURE INNOVATION - Overview
- Exhibit 114: NATURE INNOVATION - Product / Service
- Exhibit 115: NATURE INNOVATION - Key offerings

12.11 PepsiCo Inc.
- Exhibit 116: PepsiCo Inc. - Overview
- Exhibit 117: PepsiCo Inc. - Business segments
- Exhibit 118: PepsiCo Inc. - Key news
- Exhibit 119: PepsiCo Inc. - Key offerings
- Exhibit 120: PepsiCo Inc. - Segment focus

12.12 The Coca Cola Co.
- Exhibit 121: The Coca Cola Co. - Overview
- Exhibit 122: The Coca Cola Co. - Business segments
- Exhibit 123: The Coca Cola Co. - Key news
- Exhibit 124: The Coca Cola Co. - Key offerings
- Exhibit 125: The Coca Cola Co. - Segment focus

12.13 The Green Coconut Foods Co. Ltd.
- Exhibit 126: The Green Coconut Foods Co. Ltd. - Overview
- Exhibit 127: The Green Coconut Foods Co. Ltd. - Product / Service
- Exhibit 128: The Green Coconut Foods Co. Ltd. - Key offerings

12.14 The Vita Coco Co. Inc.
- Exhibit 129: The Vita Coco Co. Inc. - Overview
- Exhibit 130: The Vita Coco Co. Inc. - Business segments
- Exhibit 131: The Vita Coco Co. Inc. - Key offerings
- Exhibit 132: The Vita Coco Co. Inc. - Segment focus

12.15 Tropical Sun Foods
- Exhibit 133: Tropical Sun Foods - Overview
- Exhibit 134: Tropical Sun Foods - Product / Service
- Exhibit 135: Tropical Sun Foods - Key offerings

12.16 Universal Food Public Co. Ltd.
- Exhibit 136: Universal Food Public Co. Ltd. - Overview
- Exhibit 137: Universal Food Public Co. Ltd. - Product / Service
- Exhibit 138: Universal Food Public Co. Ltd. - Key offerings

12.17 Worlds Coconut Trading S.L.
- Exhibit 139: Worlds Coconut Trading S.L. - Overview
- Exhibit 140: Worlds Coconut Trading S.L. - Product / Service
- Exhibit 141: Worlds Coconut Trading S.L. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 142: Inclusions checklist
- Exhibit 143: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 144: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 145: Research methodology
- Exhibit 146: Validation techniques employed for market sizing
- Exhibit 147: Information sources

13.5 List of abbreviations
- Exhibit 148: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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What are the factors influencing the growth of the parent market?

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