Growing Demand for Natural and Healthy Ingredients Drives the Growth of Global Coconut Oil Market

Global coconut oil market is anticipated to grow at a significant CAGR of 7.1% during the forecast period (2024-2031). The market growth is driven by factors such as the rising applications of coconut oil in food, cosmetic, and pharmaceutical industries and the growing health-conscious population, increasing consumption of natural and organic products. Virgin coconut oil is extracted from fresh coconut milk obtained from the mature kernel (12 months old from pollination) of coconut by mechanical or natural means, with or without the application of heat, which does not lead to alteration of the nature of the oil. 

Browse the full report description of “Coconut Oil Market Size, Share & Trends Analysis Report by Type (RBD, Virgin, and Crude), by Source (Dry Coconut and Wet Coconut), by Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals and Other) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/coconut-oil-market

Recent Development-

• In July 2023, Marico Ltd. acquired the stakes of up to 58.0% of the equity in India-based Satiya Nutraceuticals Pvt. Ltd., based on a fully diluted basis. Currently, ‘The Plant Fix-Plix’ brand is owned by Satiya Nutraceuticals Ltd. which is a plant-based nutrition company that has enjoyed immense growth as companies in the health and wellness niche. Marico, who has brought the Parachute coconut oil brand is systematically diversifying its business portfolio by entering into the plant-based nutritional supplements segment to acquire this firm.

• In February 2023, MPIC, through its wholly owned subsidiary Metro Pacific Agro Ventures, Inc. (MPAV), signed an agreement to acquire a 34.7% stake in Axelum Resources Corp., a leading coconut products manufacturer and exporter. The acquisition is part of MPIC's strategic move to expand its presence in the Philippine agriculture sector, particularly the coconut industry. 

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Source

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Adani Group, Cargill, Inc., Greenville Agro Corp., Marico Ltd., and The Vita Coco Co. among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Coconut Oil Market Report Segment

By Type

• RBD (Refined, Bleached and Deodorized)
• Virgin
• Crude

By Source

• Dry Coconut
• Wet Coconut

By Application

• Food & Beverages
• Cosmetics & Personal Care
• Pharmaceuticals
• Other (Nutritional Products)

Global Coconut Oil Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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