Global Coconut Oil
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Coconut Oil Market Report 2024.
• The Global Coconut Oil market size in 2023 was XX Million. The Coconut Oil Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031
• Due to the awareness of health benefits and the increase in the application of coconut oil in various industries, the coconut oil market is growing.
• Asia-Pacific is the largest growing region as coconuts and goods derived from them are among the most widely used components in a wide range of food and beverage products.
• The virgin coconut oil due to it being more natural is increasingly being used as fresh coconut meat is used to extract virgin coconut oil directly.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Nature |
|
Market Split by Application |
|
Market Split by Distribution |
|
Market Split by Application | |
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Coconut Oil industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Coconut Oil Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Global Coconut Oil market size in 2023 was XX Million. The Coconut Oil Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031. Coconut oil is a source of meat, milk, and kernels of the coconut palm fruit. Coconut oil is a white solid fat below roughly 25 °C and a clear thin liquid oil in warmer temperatures. The unrefined types smell strongly of coconut. The main factors boosting market growth are growing health concerns and growth. Over the past several years, the global market for coconut oil has seen an increase in demand due to the continued growth of end-use industries. Additionally, major coconut-producing nations are processing and generating industrial-grade coconut oil more quickly due to the growing popularity of plant-based cosmetics and personal care products. Over the next years, rising public awareness of coconut oil's high nutritional content and health advantages is anticipated to support market expansion. For Instance, India’s coconut product export has doubled in the past 4 years. During the fiscal year 2022–2023, the country exported coconut products worth Rs 3554.23 crore, an increase of Rs 318.2 Cr. This tells about the increase in the usage of coconut oil. (Source:https://english.mathrubhumi.com/news/money/india-s-coconut-product-export-doubles-in-four-years-1.8870055) Hence, due to the awareness of health benefits and the increase in the application of coconut oil in various industries, the coconut oil market is growing.
The growing awareness of health-conscious individuals is helping to propel the coconut oil industry. Coconut oil is popular with customers since it is high in fiber, helps with digestion, and aids in weight loss. One of the healthiest oils on the market is coconut oil, which has numerous nutritional advantages. Coconut oil is thought to be one of the healthiest oils available because of its many nutritional advantages. It is said that coconut oil in the prevention of atherosclerosis, as well as in reducing the incidence of bacterial infections and cancer. Medium-chain fatty acids, which are rich in coconut oil, give users a lot of energy Secondly, it is said that Coconut oil helps in fat reduction. For instance, According to Healthily, even if there is 90% saturated fat and 9% unsaturated fat in this oil. However, a high concentration of medium-chain glycerides gives this oil its distinct structure. MCTs increase calorie burning as a result, which aids in weight loss. (Source:https://www.healthifyme.com/blog/coconut-oil-for-lose-body-fat/) A rapid energy boost is provided by the MCTs (Medium-chain triglycerides) in coconut oil. Long-chain triglycerides (LCTs) are incorporated into molecules known as chylomicrons when they are consumed, and the lymphatic system carries these molecules into the blood. Chylomicrons are transported to the liver and other tissues by the lymphatic system, where they are either stored or converted for energy. According to Healthline, MCTs, specifically 42% lauric acid, 7% caprylic acid, and 5% capric acid are found naturally in coconut oil. These components, enable them to enter the liver and be quickly utilized for energy production after being directly absorbed from the intestine.(Source:http://https://www.healthline.com/nutrition/mct-oil-vs-coconut-oil#comparison) Hence, we can say that due to awareness of various health benefits like energy providers and the great characteristics of coconut, the market for is growing.
Communities worldwide view coconut oil and other coconut-based products as healthy ingredients that can enhance one's appearance. This perception has led manufacturers to incorporate coconut oil as a basic ingredient in cosmetic and personal care products. It has been discovered that coconut oil works incredibly well as a moisturizer for dry, chapped skin. Coconut oil is great for dry skin since it hydrates the skin and strengthens its natural protective layer to help it retain moisture. For Instance, According to NCBI, Mineral oil and coconut oil work similarly. By significantly increasing skin surface lipid levels and improving skin moisture, both oils demonstrated their efficacy. For Example, Palmers' Coconut Water Face Moisturiser is made with papaya enzymes to provide ones face with antioxidants that shield it from free radical damage and coconut water and hyaluronic acid to saturate it with hydration. For up to 24 hours, this silky water-based gel instantly seeps into skin to keep it hydrated. Because acne is an inflammatory condition, coconut oil can help treat it because of its anti-inflammatory qualities. Furthermore, it has been demonstrated that the acids lauric and capric found in coconut oil can destroy germs that cause acne. (Source:https://pubmed.ncbi.nlm.nih.gov/15724344/)Coconut oil is frequently used as a component in cosmetics to soften and moisturize skin and hair. Many anti-aging skincare products contain coconut oil, which is said to help treat dermatitis, eczema, psoriasis, dull hair, dandruff, and dry, itchy scalps. Coconut oil protects the scalp and hair even though it lacks certain nutrients that are beneficial when applied topically. Coconut oil forms a barrier on the scalp that keeps irritants and bacteria from doing further harm. Coconut oil's lauric acid offers restorative qualities that are particularly likely to seep into hair strands. The coconut oil market has a profitable growth opportunity because of this beneficial treatment for the product. For Instance, Parachute oil introduces advanced, which includes ayurvedic elements and plant-derived, non-toxic, and mild ingredients like onion, jasmine, and aloe vera. Using Parachute Advanced for daily hair care offers more protection against damage and deeper nourishing.(Source:https://www.parachuteadvansed.com/ )Hence, we can say that coconut oil has various applications for hair and skin and it is best suited to personal care and the cosmetic industry which leads to market growth.
Soil erosion and saltwater intrusion pose extra obstacles to coconut trees in coastal locations where coconut cultivation is prevalent, hence decreasing their resilience. The high cost of labor and the low and unstable price of coconut products for the visible problems were the serious problems faced by the coconut producers on internal problems related to coconut production. Other concerns were also identified, including pests and illnesses, challenges with nut collecting, high transportation costs in the marketing issue, and government taxes. Additionally, the choice of coconut cultivars must take into account the water nut market in terms of flavor, yield, and harvesting convenience. For Instance, In July 2023, The cost of dried coconut kernels (Copra) and fresh coconuts dropped dramatically, which has negatively impacted coconut growers in the states of Karnataka, Kerala, and Tamil Nadu. They contend that the expenditures of cultivation are not even covered by the support price for ball copra. The cost of dried kernels has decreased by about 40% just in the previous six months, sending the farming community into a severe financial crisis marked by declining income and growing debt. (Source:https://viacampesina.org/en/india-price-crash-plunges-coconut-farmers-into-despair-they-blame-imports-and-low-support-price/) Hence, due to the above factor farmers face challenges in the production of coconut which eventually affects the coconut oil market.
The covid-19 had an impact on the production of many goods as the supply chain was disrupted. The coconut business was the one with serious problems with product sales. The coconut is the one with the shortest lifespan. The wholesalers stated that there would be no further steps or solutions available to recover food products after they had spent a significant amount of money on coconut purchases during the pandemic, which they had previously stored in their godowns. Hence, as the pandemic shifted the market to healthcare, the coconut oil segment was already not so big so it eventually became very low in COVID. As the logistics were also stopped, it was difficult to export the coconut oil, but still, there was a rare case. The workers of a medium-sized edible oil mill in Aluva, near Kochi, were forced to stay at work during the lockdown, thus the mills continued to operate. When there was a high demand, all Ubais had to do was recognize an instant commercial opportunity. People and friends from the UAE, Saudi Arabia, Oman, Kuwait, Qatar, and Bahrain informed him that edible coconut oil was selling quickly and there was high demand. Hence, he put 50 workers to use and didn’t stop the production. "Big brands like Lulu indicated their malls (in the Middle East) were facing total stock depletion, so I had no choice but to keep the mill working at full capacity with three eight-hour shifts.” Said the owner of the factory. (Source:https://theprint.in/economy/how-a-kerala-mill-shipped-rs-5-crore-worth-edible-oil-to-middle-east-despite-lockdown/433522/)
We have various report editions of Coconut Oil Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The global coconut oil market is characterized by intense competition, with major players pursuing a variety of tactics including new product development, capacity growth, and investments in cutting-edge processing technology. Industry players are also concentrating on mergers and acquisitions as a means of expanding their businesses into unexplored markets. For Instance, Marico, a Parachute oil producer declared that it has finalized agreements to purchase a majority share in Satiya Nutraceuticals, the company that owns "The Plant Fix- Plix," a clean label, plant-based nutrition brand that is first available on digital platforms.
• For Instance, The Department of Agriculture Development and Farmers Welfare's Kera Gramam project has brought locally produced "Keralagram" coconut oil to the market. This program seeks to empower farmers and boost coconut production through science. In Karumalloor, a recently built mill produces coconut oil. Coconuts are directly purchased by Kera Samithi from farmers. The mill has a facility where Keralagram coconut oil can be sold. (Source:https://www.business-standard.com/companies/news/marico-signs-agreement-to-acquire-majority-stake-in-satiya-nutraceuticals-123072600940_1.html)
With this, innovative ideas and constant new launching of products with different ingredients are also taking place. For Instance, the latest advertising campaign for Parachute Advanced Ayurvedic Coconut Hair Oil has begun. The company's goal is to draw attention to the early indicators of hair loss using this campaign and the brand's new packaging.(Source:https://noticeboard.kerala.gov.in/distprgmview/eyJpdiI6IlRBS1NkRG9KV1QzMTMzazFyQmVPeGc9PSIsInZhbHVlIjoibEUwQkxRc3ZHTFBrM1Ezb09yNUlCZz09IiwibWFjIjoiMjI3NDc3ZjEwZTA2ZmRlZDBlNjZhZTRiZWM2ZTU0MzQ4OTFmOTU1YjNhYWVjOTcwYTJiM2U4Y2RjMmJiNjA1MyJ9/eyJpdiI6ImJSendRQUFRbkZOY1NLb1p4U0x4VHc9PSIsInZhbHVlIjoiNlNFbFNPMDhvVWpORWUrb2NUdWVMUT09IiwibWFjIjoiMzMxMDQxNWI0ZmJlMWNhMTJjOTEyYzA5NGQ3OTQ1MTg5MDcyNDJmMmIxMTM2NzVlNGU3ZGRhZDJhMzdiNTNiNCJ9 https://www.financialexpress.com/business/brandwagon-parachute-advansed-ayurvedic-coconut-hair-oil-launches-a-new-campaign-2523990/)
Top Companies Market Share in Coconut Oil Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
The Asia Pacific is the dominating region in Coconut Oil Market. In the Asia-Pacific area, coconuts and goods derived from them are among the most widely used components in a wide range of food and beverage products. For example, savory snacks fried in coconut oil are the specialty of several private label snack brands in South India. Additionally, the use of coconut oil in the packaged food business is being driven by growing consumer awareness of the health benefits of plant-based diets. For Instance, Hainan Province in South China is the primary coconut-producing region in the nation, it comprises 99 percent of the nation's total coconut planting area. It has several of top coconut processing businesses, and to further advance the growth of the regional coconut sector, an international coconut trading center and a coconut culture museum are set to be built. Furthermore, the cultures of several Asian nations, including India, Indonesia, and Thailand, have long valued the benefits of coconut oil for improving the health of their skin and hair. Hence, the market is growing. (Source:https://www.globaltimes.cn/page/202310/1299933.shtml)
The current report Scope analyzes Coconut Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Coconut Oil Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Coconut Oil Industry growth. Coconut Oil market has been segmented with the help of its Nature, Application Distribution , and others. Coconut Oil market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The dominating is the virgin coconut oil due to it being more natural. Fresh coconut meat is used to extract virgin coconut oil directly. There is no bleaching or deodorising involved because it is done naturally through processes like dry processing, fermentation, and churning. As a result, virgin coconut oil tastes and smells more like coconut than RBD oil. Its various benefits include the health benefits of the antioxidants and vitamins that are maintained. For Instance, the company: The Coconut People, virgin coconut oil is cold-pressed and made entirely of organic coconut, straight from the source to home. It uses no chemicals at all and instead depends on the many natural health advantages of coconuts to offer a body that is healthy from the inside out. (Source:https://thecoconutpeople.in/pages/certified-organic-virgin-coconut-oil-v5)
• Virgin Coconut Oil
• Coconut RBD Oil
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Coconut Oil Industry. Request a Free Sample PDF!
Based on application, the food sector segment led the market. Together with other coconut products, coconut oil is extensively used in the food industry. Coconut products are widely used in the culinary and pastry industries in many Asian and European countries. Growing knowledge of the advantages and practical qualities of coconut goods, such as coconut oil, is driving up demand for them in the global food sector. Coconut RBD oil is the preferred option among consumers for domestic preparations. Because coconut oil contains less fat than other sources of oil, its use in baking recipes is becoming more and more popular. Secondly, it is also widely used in the personal and cosmetics industry due to its characteristics, For Instance, in 2022, The introduction of "Virgin Coconut Oil" by Dabur India Ltd., the top Ayurvedic and Natural Health Care Company in India, would increase its market share in the coconut oil industry. Dabur Virgin Coconut Oil is entirely natural, 100% suitable for cooking, and traditionally used as a massage oil and for skin and hair health. (Source:https://www.dabur.com/press-releases/dabur-launches-virgin-coconut-oil)
• Food & beverages
• Bakery & Confectionery
• Pharmaceuticals
• Cosmetics & personal care products
• Other
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
The e-commerce category is dominating due to the ease of access to products and the advantages they offer, including the opportunity to receive product information and home delivery, e-commerce platforms are growing in popularity as a means of making purchases. Additionally, a growing number of offers and discounts along with the expansion of online portal penetration in both established and developing countries draw customers to online channels for the purchase of cooking oil.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Coconut Oil Market is witnessing significant growth in the near future.
In 2023, the Virgin Coconut Oil segment accounted for noticeable share of global Coconut Oil Market and is projected to experience significant growth in the near future.
The Food & beverages segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cargill Incorporated (US), Bunge Limited (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Nature | Virgin Coconut Oil, Coconut RBD Oil |
Application | Food & beverages, Bakery & Confectionery, Pharmaceuticals, Cosmetics & personal care products, Other |
Distribution | Direct Distribution, Convenience store/ Supermarket, E-commerce |
Application | |
List of Competitors | Cargill Incorporated (US), ADM (US), Bunge Limited (US), Mangga Dua (Indonesia), Greenville Agro Corporation (Philippines), Royce Food Corporation (Philippines), Novel Nutrients Pvt. Ltd. (India), Aromaax International (India), Adams Group (US), Connoils LLC (US), Others |
This chapter will help you gain GLOBAL Market Analysis of Coconut Oil. Further deep in this chapter, you will be able to review Global Coconut Oil Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Coconut Oil Market Trends North America Coconut Oil Technological Road Map North America Coconut Oil Market Drivers North America Coconut Oil Market Restraints North America Coconut Oil Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Nature Analysis 2019 -2031, will provide market size split by Nature. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Nature Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Distribution Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Coconut Oil market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Virgin Coconut Oil have a significant impact on Coconut Oil market? |
What are the key factors affecting the Virgin Coconut Oil and Coconut RBD Oil of Coconut Oil Market? |
What is the CAGR/Growth Rate of Food & beverages during the forecast period? |
By type, which segment accounted for largest share of the global Coconut Oil Market? |
Which region is expected to dominate the global Coconut Oil Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Coconut Oil Market
Request Sample