Canada Coconut Oil Market Report and Forecast 2024-2032

Canada Coconut Oil Market Size

The Canada coconut oil market is projected to grow at a CAGR of 6.03% between 2024 and 2032.

Canada Coconut Oil Market

• As per industry reports, in 2022, Canada imported around USD 145 million in coconut oil and became the 13th largest importer of coconut oil, globally.

• Dentists in Canada encourage the use of oil pulling to maintain oral health, aiding the demand for coconut oil in the country.

Canada Coconut Oil Market Growth

There is a rising popularity of coconut oil in Canada as a miracle food. The consumption of the product is known to provide significant benefits such as improving the brain function in people suffering from Alzheimer's disease, improvement in thyroid and heart disease; and its role in helping consumers in weight loss. Such advantages are aiding the Canada coconut oil market growth. Virgin coconut oil has around 86% saturated fat. Additionally, it contains medium-chain triglycerides (MCTs), including 47.3% lauric acid and 15.8% myristic acid. MCTs are widely consumed in the pharmaceutical sector for treating lipid absorption disorders and are also used as a component of total parenteral nutrition. Diets rich in organic virgin coconut oil aid in weight loss because the MCTs in the oil are easily absorbed and metabolised by the liver to produce energy and are not stored as body fat.

According to the Canada coconut oil market analysis, the rising beauty consciousness in Canada is a crucial contributor to the coconut oil market growth. There is a rising demand for organic coconut oil for cooking or beauty treatments. Coconut oil is deployed as a makeup remover, body moisturiser, hair mask, and shaving oil. To enhance oral care, coconut oil finds use in oil pulling and toothpaste.

Canada Coconut Oil Industry Segmentation

Canada Coconut Oil Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.

Market Breakup by Product Type

• RBD

• Virgin

• Crude

Market Breakup by Nature

• Conventional

• Organic

Market Breakup by Source

• Wet Coconut

• Dry Coconut

Market Breakup by Application

• Food and Beverages

• Pharmaceuticals

• Cosmetic and Personal Care

• Others

Market Breakup by Region

• Northern Canada

• British Columbia

• Alberta

• The Prairies

• Central Canada

• Atlantic Canada

Canada Coconut Oil Market Share

Based on product type, virgin coconut oil is high in demand owing to the increasing health-conciousness among people, its potential health benefits, high-quality, and purity foam. Due to the numerous health benefits of virgin coconut oil, its use in pharmaceutical and medical supplies has increased, promoting overall well-being. It is rich in healthy fats along with vitamins, minerals, and antioxidants. Virgin coconut oil is becoming more and more popular as the market for chemical-free cooking oil grows.

Leading Companies in Canada Coconut Oil Market

The key players in the market are producing high-quality coconut oil for consumer’s beauty and health needs.

• Archer-Daniels-Midland Co.   

• Farm Boy Company Inc.  

• Schwabe North America, Inc. (Nature’s Way Products, Inc.) 

• Nutiva Inc.  

• Tropical Link Canada Ltd.  

• Everland Foods   

• Viva Naturals Inc.  

• Pureoyl Healthcare   

• Holista Health Canada Inc.   

• Eat Wholesome Ltd.    

• Semmai Canada  

• Others

Key Highlights of the Report