Canada Coconut Water Market Size & Outlook, 2023-2030
Canada coconut water market, 2018-2030 (US$M)
Related Markets
Canada coconut water market highlights
- The Canada coconut water market generated a revenue of USD 93.1 million in 2023 and is expected to reach USD 299.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.2% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating nature in 2023.
- Organic is the most lucrative nature segment registering the fastest growth during the forecast period.
Coconut water market data book summary
| Market revenue in 2023 | USD 93.1 million |
| Market revenue in 2030 | USD 299.6 million |
| Growth rate | 18.2% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic, Conventional |
| Key market players worldwide | The Vita Coco Co Inc, Celebes Coconut Corporation, PepsiCo Inc, Taste Nirvana, Goya Foods, Harmless Harvest |
Other key industry trends
- In terms of revenue, Canada accounted for 2.4% of the global coconut water market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. coconut water market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 299.6 million by 2030.
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Coconut Water Market Scope
Coconut Water Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada coconut water market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to coconut water market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 80.77% in 2023. Horizon Databook has segmented the Canada coconut water market based on organic, conventional covering the revenue growth of each sub-segment from 2018 to 2030.
There is a growing consumer preference for natural and healthy beverages. As people in Canada become more health-conscious, they are increasingly turning away from sugary sodas and artificial drinks, seeking alternatives that offer both hydration and nutritional benefits.
Coconut water, known for its low-calorie content, natural electrolytes, and vitamins, fits perfectly into this trend. This shift is bolstered by the perception of coconut water as a natural sports drink, ideal for replenishing fluids and nutrients after exercise. In addition, the availability and variety of coconut water products in the Canadian market have expanded significantly.
From plain coconut water to flavored and enhanced versions, consumers have a wide range of options to choose from, which helps sustain and grow interest in the product. Retailers and e-commerce platforms have also made it more accessible, ensuring that consumers can easily purchase coconut water in stores or online.
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Target buyers of Canada coconut water market databook
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Our clientele includes a mix of coconut water market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada coconut water market, including forecasts for subscribers. This country databook contains high-level insights into Canada coconut water market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada coconut water market size, by nature, 2018-2030 (US$M)
Canada Coconut Water Market Share, 2023 & 2030 (US$M)
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