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Coconut Alcohol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Coconut Alcohol Market: Overview

The coconut tree, also known as tree of life, is a perennial food supplier, as the tree provides fruit throughout the year. The coconut fruit is edible at any stage of its development. It provides not only solid food but also a large amount of safe and healthy water. The fruit is the source of several products such as coconut milk/cream, desiccated coconut, coconut chips, nata de coco, coconut oil, and copra. Apart from these, the unopened inflorescence of coconut can produce coconut sap or toddy, which can be processed into high-value and nutritious food products. Coconut sap (toddy) is sweet exudate from the tapped unopened spathe or inflorescence of coconut. It is one of the highly used food products of coconut. It is marketed as an alcoholic drink (4%–6% alcohol) too. Fermented beverages exclusively produced from coconut water and a blend of black grape juice with coconut water exhibit characters of wine. They can be classified under wine beverages and termed as coconut water wine and blend of grape juice and coconut water wine. Wines from both the sources (exclusively produced from coconut water and a blend of black grape juice with coconut water) are suitable for human consumption. Vinegar obtained from both these fermented beverages can be effectively used in different food and industrial applications.

Coconut Alcohol Market: Dynamics and Trends

Production of alcoholic beverage exclusively with coconut water is carried out after collection and filtration of coconut water. Using hand refractometer, sugar concentration is determined as brix Total Soluble Sugars (TSS %). The final sugar concentration is adjusted to 15 brix by using sucrose. Then, the coconut water is subjected to pasteurization.

Coconut water fermented (with Lactobacillus sp.) products are readily available in the market, but they are non-alcoholic. On the other hand, coconut water fermented alcoholic beverages are produced purely with the help of yeast. They are at a nascent stage of commercialization. Ethanol content is one of the major parameters for classifying the fermented coconut alcoholic beverages into different types. The coconut taken for fermentation and having 15% of sugar produces ethanol content close to 8%.

Coconut Alcohol Market: Segmentation

The coconut alcohol market can be segmented by type (beer, wine, vinegar, traditional toddy, and others) and by region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Coconut Alcohol Market: Region-wise Outlook

Asia Pacific and Latin America are the leading markets for coconut alcohol. Government targets, policy support incentives such as feed-in tariffs, tenders and competitive bidding for coconut farming in the coastal areas in the two regions are factors likely to drive the coconut alcohol market in APAC and Latin America in the next few years.

Coconut Alcohol Market: Key Players

Key players operating in the global coconut alcohol market include Hunter Distilleries, Island Distillers, St. Lucis Distillers Group of Companies, and Demirara Distilleries Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  

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