Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Coconut Oil Market Competitive Landscape

Key players in the coconut oil market strive to enhance the quality of products, increase their presence in markets through innovation and sustainability, and meet the growing demand from consumers seeking organic and ethically sourced options.

 

Cargill Inc., founded in 1865 and headquartered in Minneapolis, Minnesota, utilises its extensive global distribution network to ensure the widespread availability of its coconut oil products across various markets. The company is committed to sustainable and ethical sourcing practices, focusing on minimising environmental impact and supporting local farming communities. Cargill also invests significantly in research and development to create new applications and enhance the functionality of coconut oil in both food and non-food industries.

 

Archer Daniels Midland (ADM) Company, established in 1902 and headquartered in Chicago, Illinois, enhances its global market presence through strategic acquisitions and partnerships, which bolster its supply chain capabilities. ADM is dedicated to sustainable agricultural practices and innovative processing technologies to maintain high-quality, ethical production. The company incorporates coconut oil into a diverse range of food and industrial applications, leveraging its extensive product portfolio to meet varied customer needs.

 

Bunge Limited, founded in 1818 and based in St. Louis, Missouri, capitalises on its robust global sourcing and distribution network to ensure a consistent supply and expand into new markets. The company is committed to sustainable sourcing practices, aiming to minimise environmental impact while supporting local communities. Bunge focuses on product innovation, developing new formulations and applications for coconut oil, particularly in the food, personal care, and biofuel industries.

 

Adams Group, established in 1987 and headquartered in Dallas, Texas, operates with a vertically integrated business model that oversees the entire production process to ensure quality control and efficiency. The company invests in developing strong, recognizable brands for its coconut oil products, which enhances market visibility and consumer trust. Adams Group prioritises research and development to explore new uses and benefits of coconut oil, staying ahead of market trends and consumer demands.

 

The Coconut Company, founded in 2005 and based in London, UK, emphasises organic certification to appeal to consumers seeking high-quality, natural products free from chemicals and additives. The company diversifies its product line to include a range of coconut-based items, such as coconut oil and sugar, addressing various consumer needs. The Coconut Company is committed to sustainable sourcing practices, working directly with farmers to ensure fair trade and eco-friendly production processes.

 

Other key players profiled in the global coconut oil market report are Tantuco Enterprises, Inc., CIIF OMG, Royce Food Corporation and Mangga Dua, among others.

 

Coconut Oil Market Report Snapshots

Coconut Oil Market Size

Coconut Oil Market Growth

Coconut Oil Market Trends

Coconut Oil Market Share

Coconut Oil Companies

Coconut Oil Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the coconut oil industry reached an approximate volume of 3.9 million tons.

The market is estimated to grow at a CAGR of 1.20% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around 4.37 million tons by 2032.

The market is being driven due to the rising usage of coconut oil for cooking purposes, skincare, and in the dental care sector.

The key trends aiding the market include a shift towards organic farming, technological advancements in the production process, and growing usage in developing economies.

Regions considered in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Based on nature, market segmentations include organic and conventional.

Different product types are RBD, virgin, and crude.

The major players in the market are Cargill Inc., Archer-Daniels-Midland Company, Bunge Limited, Greenville Agro Corporation, Adams Group, The Coconut Company, Tantuco Enterprises, Inc., CIIF OMG, Royce Food Corporation, and Mangga Dua.

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