Middle East & Africa Coconut Water Market Size & Outlook
Middle East & Africa coconut water market, 2018-2030 (US$M)
Related Markets
MEA coconut water market highlights
- The MEA coconut water market generated a revenue of USD 165.9 million in 2023.
- The market is expected to grow at a CAGR of 17.4% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 165.9 million |
| Market revenue in 2030 | USD 509.6 million |
| Growth rate | 17.4% (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, MEA region accounted for 4.3% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Coconut Water Market Scope
Coconut Water Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 84.33% in 2023. Horizon Databook has segmented the Middle East & Africa coconut water market based on organic, conventional covering the revenue growth of each sub-segment from 2018 to 2030.
Coconut has long been a part of the culinary and cultural heritage of Middle Eastern countries. Coconut is used in various traditional dishes, sweets, and beverages, such as coconut-based desserts and refreshments. The surge in consumer preference for natural and healthful commodities propelled the widespread appeal of coconut-based products, including coconut water, in the Middle East & Africa.
Africa is home to a diverse range of coconut-producing countries, with major players including Ghana, Nigeria, Mozambique, Tanzania, and Kenya. Ghana ranks among the top coconut producers in Africa, According to the Ghana Export Promotion Authority (GEPA), Ghana ranks first in Africa and 12th globally in coconut production, with an estimated annual output of over 500,000 metric tons.
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Target buyers of Middle East & Africa 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa coconut water market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa coconut water market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA coconut water market size, by country, 2018-2030 (US$M)
Middle East & Africa Coconut Water Market Share, 2023 & 2030 (US$M)
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