United States & Australia Coconut Water Report 2024: Remarkable Growth Projected by 2032 with US at a CAGR of 17.46% and Australia at a CAGR of 28.35% [Yahoo! Finance]
PepsiCo, Inc. (PEP)
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Source: Yahoo! Finance
In a significant market analysis regarding one of the most refreshing natural beverages, the United States & Australia coconut water market has been observed to undergo substantial growth. In 2023, the market reached valuations of US$ 1.64 billion and US$ 174.1 million respectively. Projections estimate that by the year 2032, those figures could ascend to an impressive US$ 6.99 billion and US$ 1.64 billion, with compounded annual growth rates of 17.46% for the United States and 28.35% for Australia in the forecast period of 2023-2032. Driving Factors and Consumer Trends Significant driving forces behind these projections include a distinct consumer pivot towards healthier beverage alternatives amidst rising lifestyle-related health concerns. Enhanced awareness of the multitude of health benefits provided by coconut water, including improved cardiovascular health and metabolism, has bolstered consumer demand. Additionally, the convenience offered by portable packaging options has
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