Report Code: A10575 | Pages: NA | Mar 2023 | 1279 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Coconut Alcohol Market
Request Now !Coconut tree is a member of the palm tree family. It is considered to be one of the most useful trees and so it is often referred to as the “tree of life.” Coconut fruit can be consumed at any stage and along the solid food. The fruit contains a considerable amount of clean and healthy fluid packed with vitamins and minerals. Numerous products are made from coconut such as coconut milk & cream, coconut oil, and coconut chips. Apart from this, the coconut sap which is commonly known as toddy, which is prepared from unopened inflorescence of coconut. Toddy is one of the most commonly used products of coconut, and is considered to be an alcoholic drink, as it contains 4–6% of alcohol. Moreover, several alcoholic beverages are made by fermenting coconut water along with black grape juice. It is called coconut water wine as the beverage exhibit characters of wine and is suitable for human consumption. On the other hand, coconut water can be fermented by using yeast; however, such beverages are yet to be commercialized.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East & Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Malibu, Bacardi, Hunter Distilleries, St. Lucis Distillers Group of Companies, Demirara Distilleries Limited and Island Distillers. |
COVID-19 scenario analysis
The outbreak of the COVID-19 pandemic has severely affected the global coconut alcohol market.
The rapid growth in urban population is a major driving factor that fuels the growth of the coconut alcohol market. Moreover, increase in disposable income has escalated the preference toward alcoholic beverages among consumers, which is expected to increase the demand for coconut alcohol in the market. In addition, the radical change in demographics of several countries in the recent decade has played an important role in growth of the market. For instance, exponential increase has been witnessed in consumption of alcoholic beverages and social consumption of alcohol is not looked down upon. Furthermore, the change in the socio-cultural scenario in urban and metro cities such as the introduction of pub culture has boosted the demand for coconut alcohol in the market.
The market in Asia-Pacific and Latin America is expected to hold a major fraction of the global coconut alcohol market. This is attributed to abundant supply of coconut and the high demand for alcoholic beverages in these regions. The market in North America is expected to witness lucrative growth with extremely high alcohol consumption rate especially in the U.S.
Key segments covered
Segments | Subsegments |
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Key benefits of the report
Questions answered in the coconut alcohol market research report:
Coconut Alcohol Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Type |
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Key Market Players | Malibu, Bacardi, Hunter Distilleries, St. Lucis Distillers Group of Companies, Demirara Distilleries Limited, Island Distillers., Company 7, Company 8, Company 9, Company 10 |
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