Coconut Alcohol Market 1

Coconut Alcohol Market Forecast & competitive market
share, 2017 - 2024: Global Market Insights, Inc.
The coconut alcohol market share is segmented, based on the product into beer, vinegar,
wine and traditional toddy. The unopened inflorescence of coconut is used to make toddy
or coconut sap, that can be treated to produce rich, high in value healthy food products.
Coconut sap (toddy) is sweet exudate from the inflorescence or unopened tapped spathe of
coconut. It is one of the most used food products of coconut and is also marketed as an
alcoholic drink with almost 4% to 6% of alcohol content.
Global Coconut Alcohol Market size is likely to witness moderate growth over the forecast
period. Coconut alcohol, is derived from coconuts which are grown on perennial food
supplier, the coconut tree.
The fruit is source to numerous products such as desiccated coconut, coconut cream/milk,
copra, nata de coco, coconut oil and coconut chips.
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Rules & regulations regarding alcohol consumption and political instability in some countries
may restraint the coconut alcohol market size in the coming years. In addition, trade
barriers and tariffs such as import duty and others levied on liquor products being shipped
from one part to another part is likely to slow down the overall coconut alcohol market size
growth in the forecast span.
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These films are used in vehicles for tinting windows, and in some regions, it is mandatory to
Latin America and Asia-Pacific are the leading the global coconut alcohol market size. The
numerous factors in these regions such as government targets, subsidies and incentive
supporting policies (tariffs and competitive bidding & tenders) towards coconut farming will
subsequently complement the overall coconut alcohol market size by 2024, as coconut
water is an essential raw material used in the business.
North America and Europe also contributed a major chunk of coconut alcohol market in
2016. Enormous consumption of alcoholic beverages in countries including the U.S.,
Germany, France, Finland, the UK, etc. is a prime factor contributing regional industry
growth.
The major coconut alcohol market share contributors are Hunter Distilleries, St. Lucis
Distillers Group of Companies, Demirara Distilleries Limited and Island Distillers.
These companies are involved in technological development in order to improve their
production capability and improving the product quality.
Source Report:
https://www.gminsights.com/industry-analysis/coconut-alcohol-market
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