Latin America Coconut Water Market Size & Outlook
Latin America coconut water market, 2018-2030 (US$M)
Related Markets
Latin America coconut water market highlights
- The Latin America coconut water market generated a revenue of USD 1,079.0 million in 2023.
- The market is expected to grow at a CAGR of 14.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,079.0 million |
| Market revenue in 2030 | USD 2,784.6 million |
| Growth rate | 14.5% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 28.2% of the global coconut water market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 2,669.2 million by 2030.
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Coconut Water Market Scope
Coconut Water Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 82.05% in 2024. Horizon Databook has segmented the Latin America coconut water market based on organic, conventional covering the revenue growth of each sub-segment from 2018 to 2030.
The market is benefiting from a broader trend towards sustainable and organic products. Consumers are more inclined to purchase natural and no-artificial-additive beverages. This demand is prompting manufacturers to innovate and expand their product lines, introducing organic and flavored coconut water options to cater to diverse consumer tastes.
The emphasis on sustainability is also influencing production practices, with companies striving to ensure that their sourcing methods are environmentally friendly and socially responsible. However, the market does face challenges, such as fluctuations in raw material prices and environmental concerns regarding coconut cultivation.
Despite these challenges, the outlook for the coconut water market in Central and South America remains positive, with continued growth anticipated as consumer preferences evolve and the market adapts to meet these demand.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America coconut water market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America coconut water market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America coconut water market size, by country, 2018-2030 (US$M)
Latin America Coconut Water Market Share, 2024 & 2030 (US$M)
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