NEW YORK, June 21, 2021 /PRNewswire/ -- Technavio identifies the health benefits of coconut water as one of the major factors driving the growth of the coconut water market. Coconut water is rich in several nutrients and minerals including vitamin C, magnesium, potassium, sodium, calcium, and manganese. The antioxidants present in coconut water help prevent the formation of free radicals in the body. Also, regular consumption of coconut water helps in lowering blood sugar levels, reduce the risk of heart diseases, and increase insulin sensitivity. Many such health benefits are increasing the popularity of coconut water among consumers in the US, which is driving the market growth.
Based on the product, the market generated maximum revenue from the sweetened coconut water segment in 2020. The growth of the segment can be attributed to new product launches. The market growth in the sweetened coconut water segment will be significant during the forecast period.
Although the coconut water market in the US is expected to record a healthy growth during the forecast period, natural calamities and adverse climatic conditions and rising competition from substitutes might reduce the growth opportunities for market participants. This report on the coconut water market will help businesses become better equipped, make informed decisions, and develop effective strategies to improve their market positions.
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