Coconut Oil Market - Trends Forecast (2022-2028)

Coconut Oil Market – Trends Forecast (2022-2028)

The Coconut Oil market size is projected to reach a CAGR of 5.6% from 2022 to 2028.

Coconut oil also known as coconut butter is an edible oil obtained from the fruit of the coconut plant. It is a white solid fat, which is semisolid at colder temperature and in warmer temperature it is a clear thin liquid oil. In the unrefined form it has a distinct coconut aroma. It is used as a food oil, and in industrial applications for cosmetics and detergent production.

Surged use for cosmetics and pharmaceutical industry are some of the factors that have supported long-term expansion for Coconut Oil Market.

COVID-19 had a positive effect on the market, as people got more concerned about their health and switched to coconut oil for the healthier alternative.

Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the large scale production and also to the health benefits offered by the oil over the conventional oils.

Coconut Oil Market is segmented into Source, nature, product type, application and region.

On the basis of Source

• Dry coconut
• Wet coconut                                              

On the basis of Nature

• Conventional
• Organic

On the basis of Product Type

• RBD
• Virgin
• Crude

On the basis of Application

• Food & beverages
• Snacks & Cereals
• Beverages
• Nutritional products
• Bakery & Confectionery
• Other food & beverages
• Pharmaceuticals
• Cosmetics & personal care products
• Other applications

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

 

Key Players

• Sun Bio Naturals
• Nutiva, Inc.
• NMK Holdings Private Limited
• Greenville Agro Corporation
• iTi Tropicals Inc.
• The Hain Celestial Group
• Edward & Sons Trading Co
• Barlean’s, Jax Coco
• Naturoca

Recent Developments

• In November 2021, Bunge plans to set up an state-of-the-art, sustainable production facility in the Port of Amsterdam.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Coconut Oil Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature	Descriptions
Growth Rate	CAGR of 5.6% during the forecasting period, 2022-2028
Historical Data	2019-2020
Forecast Years	2022-2028
Base Year	2021
Units Considered	Revenue in USD billion and CAGR from 2022 to 2028
Report Segmentation	Source, nature, product type, application and region.
Report Attribute	Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope	North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope	U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled	Sun Bio Naturals, Nutiva, Inc., NMK Holdings Private Limited, Greenville Agro Corporation, iTi Tropicals Inc., The Hain Celestial Group, Edward & Sons Trading Co, Barlean’s, Jax Coco and Naturoca
Available Customization	In addition to the market data for Coconut Oil Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.