Europe Coconut Oil Market Report and Forecast 2024-2032

Europe Coconut Oil Market Size

The Europe coconut oil market size reached USD 1.64 billion in 2023. The market is expected to grow at a CAGR of 3.03% between 2024 and 2032, reaching USD 2.15 billion by 2032.

Europe Coconut Oil Market Outlook

• According to the GTAI, Germany's food and beverage industry generated about EUR 185.3 billion in production value in 2020.

• Data from the ECB revealed an increase of 4.9% in hair grooming saloons and personal care establishments in 2023.

• According to data from ITC Trade Map, the import value of coconut crude oil to the UK in 2023 amounted to USD 8,271,000.

Europe Coconut Oil Market Growth

Conventional coconut oil enhances the Europe coconut oil market due to the versatile application of coconut oil in food, cosmetic and pharmaceutical industries further propelling its growth trajectory.

Conventional coconut oil is made from coconuts that are cultivated using conventional agricultural techniques, which involve the use of certain chemicals like synthetic fertilisers and pesticides. With this traditional approach, more coconut oil is produced at a low cost of production. Using conventional coconut oil raises concerns about chemical residue and poses a threat to the environment by degrading the quality of the soil.

In May 2024, Waitrose announced a UK first with its own-label organic and Fairtrade coconut oil launch. Produced by the Sonmic Organic and Natural Farmers’ Association (SONFA) in Sri Lanka, known for prioritizing organic farming and environmental protection. Fairtrade collaborated with coconut farmers, ensuring fair prices, and providing training on sustainable agriculture practices.

Organic coconut oil is produced using farming methods that are free of chemicals and promote environmental sustainability. These techniques give ecosystem health, biodiversity, and soil health priority. Customers are choosing foods and oils with less chemical content as their awareness of health issues grows to prevent any potential issues.

Europe Coconut Oil Market Segmentation

Europe 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 Application

• Food and Beverages

• Pharmaceuticals

• Cosmetic and Personal Care

• Others

Market Breakup by Source

• Wet Coconut

• Dry Coconut

Market Breakup by Nature

• Conventional

• Organic

Market Breakup by Country

• Germany

• United Kingdom

• France

• Italy

• Others

Europe Coconut Oil Market Share

Wet coconut oil preserves moisture and nutrients, providing a rich flavour and aroma, making it perfect for culinary uses and skin/hair care. Cold press extraction guarantees purity. Dry coconut oil, with its long shelf life and affordability, is versatile for high-heat cooking, industrial applications, and large-scale manufacturing.

Leading Companies in the Europe Coconut Oil Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.

• Archer-Daniels-Midland Co.

• Cargill Inc.

• Windmill Organics Limited (Biona)

• Clearspring Ltd.

• Nukraft Ltd.

• The Coconut Company (UK) Ltd.

• TheHealthyTree

• TheSoapery

• Pink Sun Ltd.

• Coconutty Ltd.

• Others

The companies are focusing on delivering high-quality, organic, and natural health food products. Certified organic, their offerings are free from synthetic pesticides, herbicides, and GMOs. They emphasise ethical sourcing, and obtaining products from sustainable, responsible suppliers. Rigorous testing and quality control measures ensure high-quality standards.

Key Highlights of the Report