Rising Health Consciousness to Drive India Packaged Coconut Water Market at 18% CAGR by 2023
Increasing consumer preference for natural and healthy beverages, rising
young working-class population base and growing personal disposable income to
drive India packaged coconut water market through 2023
According to TechSci Research
report, “India
Packaged Coconut Water Market By Type, By Sales Type, By Packaging Type,
By Distribution Channel, Competition Forecast & Opportunities, 2013-2023”,
India packaged coconut water market is forecast to grow at a CAGR of over 18% during
2018 - 2023. Coconut water is a sterile, nutritious, thirst quenching and
rejuvenating health drink for all age groups, possessing enormous therapeutic
properties. On account of rising awareness about the potential health
benefits of drinking coconut water, increasing consumer inclination towards
natural and healthy drinks, and introduction of innovative flavored coconut
water variants such as pineapple, lime and litchi, the market is expected to
register double-digit growth during forecast period.
Browse 53
market data Figures and Tables spread through 101 Pages and an
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Packaged Coconut Water Market"
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According
to the National Council of Applied Economic Research, number of middle class
households in India is projected to grow from 53.3 million in 2015 to 113.8
million by 2025. Also, the share of 15 – 64 years age group in the country’s
total population was 66% in 2016, which increased to 66.23% in 2017, according to
data from the World Bank. All these factors, in addition to rising young
population base, rising living standards and increasing focus on personal
health, are anticipated to boost demand for natural and healthy beverages, like
packaged coconut water in India during the forecast period.
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“Packaged coconut water market in India is growing at a
tremendous pace and this product is gaining popularity due to the increasing
demand for healthy and natural drinks in the country. Rising
demand for food & beverages that prevent aging due to stressful and hectic
lifestyle, growing young working class population base, continuous
investment in R&D activities to introduce new flavors and variants, and
increasing number of celebrity endorsements are few of the
major factors aiding growth in the packaged coconut water market in India and providing
lucrative
opportunities to companies operating in the market.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India Packaged
Coconut Water Market By Type, By Sales Type, By Packaging Type, By
Distribution Channel, Competition Forecast & Opportunities, 2013-2023” has
evaluated the future growth potential of packaged coconut water market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers to take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in India packaged coconut water market.
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