Market News
Coconut products market: Recent developments
- In May 2022, Danone announced the launch of Alpro, its second dairy-free brand in China after Vega, to tap the emerging plant-based food market. The brand offers coconut milk, among other products.
- In January 2022, Vita Coco partnered with Lyft to offer discounts on rides home and hydrating coconut water. They claimed that the partnership is to keep consumers hydrated.
- In February 2021, Los Angeles-based growth-equity investor PowerPlant Ventures announced its acquisition of ZICO coconut water from The Coca-Cola Company.