United States Coconut Oil Market Report and Forecast 2024-2032

United States Coconut Oil Market Outlook

The United States Coconut oil market size is projected to grow at a CAGR of 3.98% between 2024 and 2032.

Key Takeaways:

• According to ITC, Crude coconut oil imports worth 201,589 thousand US dollars elevate the US coconut oil market growth.

• ITC states US crude coconut oil exports worth 5720 thousand US dollars boost the domestic coconut oil market.

• ITC reports exports of refined coconut oil and its derivatives, valued at 46,734 thousand US dollars.

Dry coconut enhances the United States coconut oil market growth owing to its abundant oil content

Dry coconut, distinguished by its elevated oil content and prolonged shelf life compared to its wet counterpart, emerges as a valuable and economical resource for extracting coconut oil. Its adaptability in processing, uniformity in quality, and preserved nutritional properties position it as a favored selection in the competitive coconut oil industry, accommodating various consumer preferences.

Wet coconut, employed in the creation of Virgin Coconut Oil (VCO), maintains its innate taste and nutrients through minimal handling. With its heightened moisture levels, it is well-suited for culinary applications such as coconut milk. Its nutrient richness, including medium-chain fatty acids, augments health advantages, fostering improved metabolism and immune system functionality.

In April 2024, AAK expanded its AkoPlanet platform for plant-based foods in the United States with AkoPlanet CNO 16-001, a coconut oil variant. This aimed to enhance a sustainable coconut oil supply chain, meeting stringent sustainability standards and underscoring AAK's commitment to sustainable plant-based ingredients.

Market Segmentation

United States 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

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

The United States coconut oil market key players are Archer-Daniels-Midland Co., Cargill Inc., Hain Celestial Group, Inc. (Spectrum Organic Products, LLC), Schwabe North America, Inc. (Nature’s Way Products, Inc., Bunge Global S.A., Nutiva Inc., ConnOils LLC, VedaOils, Bo International, Gustav Heess GmbH and Wildly Organic among others.

Key Highlights of the Report