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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Coconut Oil Market Growth
Rising usage of coconut oil for cooking purposes, skincare, and in the dental care sector are some of the prominent market drivers. In the skincare sector, it can be used to provide moisture to the skin, offer relief from skin conditions such as dermatitis, and act as a conventional sunscreen. As per a study published in the National Library of Medicine, coconut oil can block around 20 percent of sun rays.
Moreover, virgin coconut oil may possess antioxidant properties that can reduce stress levels and help combat depression. Coconut oil demand is further boosted for its use in the dental care sector for oil-pulling purposes as it can reduce bacteria Streptococcus mutans and lower the risk of inflammation and plaque.
Companies are formulating innovative products with the implementation of coconut oil. For instance, AAK announced the launch of AkoVeg 163-14 in March 2024, a blend of coconut oil and insoluble fibre flake, which can develop plant-based meat, with no cholesterol.
Coconut Oil Market Report Snapshots
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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Australia
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+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124