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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Coconut Alcohol Market

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