Global Organic Coconut Market Expected To Grow By USD 435.48 MN

136

The global organic coconut market size is expected to increase by USD 435.48 million between 2021 and 2026, expanding at a CAGR of 8.92% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Image Courtesy: Technavio

The global organic coconut market is fragmented, and the degree of fragmentation will accelerate during the forecast period. New product launches, mergers and acquisitions, and increased R&D activities are the major strategies adopted by vendors in the organic coconut water market. Some of the key players in the glycerol esters market include C2O Coconut Water, Celebes Coconut Corp., Edward and Sons Trading Co., Harmless Harvest Inc., Munkijo, Navitas LLC, PepsiCo Inc., Purity Organic LLC, The Vita Coco Co. Inc., and Windmill Organics Ltd.

Although the health benefits of organic coconut water, new product launches, and the expansion of organized retailing will offer immense growth opportunities, the rise in the availability of substitutes will hinder the market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here