GCC Coconut Water Market

GCC Coconut Water Market Overview:

The GCC coconut water market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Coconut water refers to the clear liquid with a sweet and nutty flavor obtained by tapping the interior of green coconuts. It is rich in calcium, potassium, sodium, manganese, and magnesium and is low in fat, calories, and carbs. It also possesses high concentrations of natural electrolytes that help replenish the body after strenuous exercises and workouts and prevent dehydration. It is widely consumed as a natural energy drink or refreshing beverage due to its anti-aging, anti-cancer, and antithrombic properties. Besides this, all forms of coconut water, including fresh, canned, or bottled, are widely used in the food and beverages sector to prepare various dishes across the GCC countries.

The GCC coconut water market is primarily driven by the shifting consumer preferences toward natural beverages due to the rising prevalence of chronic diseases, such as diabetes, obesity, kidney stones, and digestive disorders. In addition, the launch of organic product variants free from chemical additives, preservatives, and artificial colors is propelling the market growth. Moreover, the rising demand for packaged and ready-to-drink beverages for on-the-go consumption, especially among working people with hectic lifestyles, is positively influencing the market growth. Additionally, governments of various GCC countries are taking favorable initiatives to promote coconut farming. In line with this, the emerging naturopathy trend and the growing awareness regarding the nutritional benefits of coconut water have accelerated the product adoption rate. Besides this, numerous vendors are offering packaged coconut water infused with different natural ingredients, including fruits, turmeric, and ginger. Along with this, heavy investments by key players in aggressive marketing strategies for promoting their products across brick-and-mortar and e-commerce platforms to reach a broader consumer base have catalyzed the market growth. Apart from this, the increasing number of quick-service restaurants that use coconut water mixes and concentrates for preparing innovative meals and the surging popularity of café culture are contributing to the market growth. Furthermore, the growing participation of individuals in sports, athletics, and fitness activities has augmented the product demand. Other factors, including rising celebrity endorsements, easy product availability through online and offline retail channels, changing dietary preferences, and rising health consciousness, are also anticipated to drive the market further.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC coconut water market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC coconut water market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC coconut water market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC coconut water market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC coconut water market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC coconut water market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC coconut water market industry. Furthermore, the value chain analysis of the GCC coconut water market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Coconut Water Market Segment Insights:

The GCC coconut water market has been analysed as followed:

By Type:

• Sweetened
• Unsweetened

By Flavor:

• Plain
• Flavoured

By Form:

• Coconut Water
• Coconut Water Powder

By Packaging:

• Carton
• Bottles
• Others

By Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retail Stores
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Coconut Water Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC coconut water market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs