Global Virgin Coconut Oil Market By Type (Organic & Inorganic), By Application (Direct Consumption and Industrial Consumption (Food & Beverages, Cosmetics & Personal Care and Pharmaceuticals)), By Distribution Channel (Store-based Retail & Internet Retail), By Region, Competition, Forecast & Opportunities, 2026
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe global market for virgin coconut oil was already a pretty big deal in 2019, hitting over $3 billion! And get this, it's expected to keep growing like crazy – we're talking a CAGR of over 9% in the coming years. What's fueling all this growth? Well, people are investing more and more in the industry, which helps companies ramp up production and meet the increasing demand for coconut oil worldwide. After all, coconuts are everywhere! They're grown in more than 80 countries, and global production is estimated to be around 55 million tons each year. People love coconut oil, using it in everything from toiletry products to food and even various industrial applications.
The global virgin coconut oil market is really taking off, mainly because more and more people are using it in things like food and drinks. There's a huge demand for it in lots of different food products! Plus, more folks in both developed and developing countries think virgin coconut oil is healthier than other oils, which is also helping the market grow. We're seeing a major boost thanks to the food industry – lots of companies are switching to virgin coconut oil, and that's expected to really fuel the market.
In terms of application, global virgin coconut oil market has been categorized into direct and indirect consumption. Among the applications, cosmetics & personal care segment of indirect consumption is expected to register significant growth in the coming years, on account of rising awareness about benefits of using coconut oil for healthier skin.
Asia-Pacific dominated global virgin coconut oil market in 2020 and is anticipated to maintain its dominating position during the forecast period as well, owing to huge production of coconut in the region. The region is also the largest exporter of coconut oil to other geographical regions. With growing global demand for virgin coconut oil, market players are finding it difficult to bridge the gap between high demand from consumers. Various governments in the region are extending technological support to the players to improve their production capabilities.
Global virgin coconut oil market is highly fragmented, due to the presence of numerous small and large vendors. Moreover, the market is subject to rapidly changing consumer demands and preferences.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022-2026
Objective of the Study
- To analyze and forecast global virgin coconut oil market size.
- To classify and forecast global virgin coconut oil market based on type, application, distribution channel and regional distribution.
- To identify drivers and challenges for global virgin coconut oil market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global virgin coconut oil market.
- To conduct the pricing analysis for global virgin coconut oil market.
- To identify and analyze the profile of leading players operating in global virgin coconut oil market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers across the globe. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research could include the manufacturers which could not be identified due to the limitations of secondary research. marketinsights Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.
marketinsights Research calculated global
Key Target Audience
- Virgin coconut oil manufacturers, suppliers, distributors and other stakeholders
- Virgin coconut oil raw material suppliers
- Potential investors
- Organizations, forums and alliances related to virgin coconut oil market
- Research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope
In this report, global virgin coconut oil market has been segmented into following categories, in addition to the industry trends which have also been detailed below
Market, by Type
- Market, by Application
- Direct Consumption
- Indirect Consumption
- Food & Beverages
- Cosmetics & Personal Care
- Pharmaceuticals
- Market, by Distribution Channel
- Store-based Retail
- Internet Retailing
- Market, by Region
Competitive L
Company Profiles
found at Customizations
With the given market data, marketinsights Research offers customizations according to a company’s specific needs. The following customization options are found at for the report
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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