Packaged Coconut Water Market in India to Grow at CAGR 17% till 2022
Rising
consumer demand for healthier substitutes coupled with acceptance of ayurvedic
and natural products and favorable sociodemographic factors are expected to
drive India packaged coconut water market through 2022
According to TechSci Research
report, “India Packaged Coconut Water Market By Type, By Packaging Type, By Distribution Channel, Competition
Forecast & Opportunities, 2012 – 2022”, packaged coconut water market in India is projected to exhibit a
CAGR of over 17% during 2017-2022, on account of rising young working class population base along with increasing
personal disposable income and surging heath consciousness. In addition, changing
dietary habits due to busy lifestyles, growing awareness among consumers and
widening of distribution channels are further predicted to positively affect
the market. According to National Council of Applied Economic
Research, in 2015, the number of middle class households in India were 53.30
million, which is expected to reach 113.80 million by 2025. According to the World Bank,
in 2015 India’s urban population percentage stood at 32.75%, and this figure is
set to increase in the coming years. Consequently, such factors along with proliferating
organized sector and e-commerce channels are likely to propel the market during
the forecast period.
Available Updated Report on India Packaged Coconut Water Market 2013 to 2023 : https://www.techsciresearch.com/report/india-packaged-coconut-water-market/3359.html
Browse 17 market data Tables and 43 Figures
spread through 112 Pages and an in-depth TOC on "India Packaged Coconut Water Market"
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Consistently accelerating demand for natural health
beverages and potential health benefits of
coconut water over carbonated energy drink led natural packaged coconut water
market to capture the largest share in India packaged coconut water in 2016. However, the segment is anticipated to observe slight decline
in its share by 2022 on the back of rising trend for blended natural packaged coconut water. Expanding
organized retail sales dominated the market in 2016 with grocery/convenience
stores garnering huge market share in the indicated year on the back of
multiple offerings and ease of shopping. Plastic bottle is the most preferred
choice of packaging among the players as it brings down the overall cost of the
product, thereby making it viable for price sensitive Indian consumers. Some of the leading players operating in India packaged
coconut water market include Jain Agro Food Products
Private Limited, Pure Tropic, Dabur India Limited, Lifetree Agro, Foods Private
Limited, Nilgai Foods Private Limited, etc.
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“Emerging trend of “dual income no
kids early retirement (DINKER)”, growing nuclear families, increasing focus on brand endorsements and consumers in tier I and tier
II cities, exploitation of technology coupled
with expanding distribution networks of the leading players is expected to drive the packed coconut water market in India during
the forecast period. Moreover, evolving demand
from North region of the country due to changing
lifestyles is another major factor responsible
to steer the growth of packaged coconut water market in the country through 2022.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
Available Updated Report on India Packaged Coconut Water Market 2013 to 2023 : https://www.techsciresearch.com/report/india-packaged-coconut-water-market/3359.html
“India Packaged
Coconut Water Market By Type, By Packaging Type, By Distribution Channel, Competition
Forecast & Opportunities, 2012 – 2022” has evaluated the future
growth potential of India packaged coconut water market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes the emerging trends along
with essential drivers, challenges and opportunities present in India packaged
coconut water market.
About TechSci Research
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Available Updated Report on India Packaged Coconut Water Market 2013 to 2023 : https://www.techsciresearch.com/report/india-packaged-coconut-water-market/3359.html
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