Global Coconut Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global coconut oil market in its upcoming report titled, “Global Coconut Oil Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global coconut oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global coconut oil market report has been segmented on the basis of product type, application, packaging, distribution channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Coconut oil is commonly extracted from the kernel of the coconut by using two processes – dry process and wet process. In the dry process method, copra is exposed to sunlight or heat and pressed or dissolved with solvent, whereas in wet process method, coconut is dried and then using a centrifuge or enzymes, to extract the oil. Coconut oil contains saturated fat, vitamin A, K, Myristic acids and lauric acid. Coconut oil has various applications and it used for cooking, medicinal purpose and skin care.
Increasing awareness regarding health benefits of coconut oil is a major factor driving growth of the global coconut oil market. Increasing use of coconut oil in the cosmetic industry is another factor fueling growth of the target market. Increasing demand and availability of low cost coconut oil are factors propelling growth of the global market. Rising usage of coconut oil in food industry, especially in developed countries is also expected to drive the growth of the global market.
Furthermore, increasing preference for coconut oil based beauty products such as shampoos, moisturizers among the women population is also another factor anticipated to boost the growth of the global coconut oil market over the forecast period.
However, side effects of the overconsumption of the coconut oil such as high cholesterol level, intestine distress and allergies, may hamper the demand of the coconut oil from the food industry and restrain the growth of the global coconut oil market over the forecast period.
Availability of unrefined and harmful chemical free coconut oil can generate high revenue opportunities for players in the target market.
The market in Asia Pacific accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to awareness regarding health benefits of coconut oil usage among individuals. The market in North America is anticipated to account for a second - highest share in the global market in terms of revenue over the forecast period, owing to the increasing use of coconut oil in food industry in the U.S. and Canada. The coconut oil market in middle east & Africa is also expected to witness a moderate growth over the long run.
Global Coconut Oil Market Segmentation:
Segmentation by product type:
- Partially hydrogenated
- Fully hydrogenated
- Low white or low whole products
Segmentation by application:
- Food industry
- Detergents and soups
- Metalworking fluids
- Paints and coating
- Textile chemicals
- Plastic industry
- Pharmaceuticals and cosmetic industry
Segmentation by packaging:
- Steel drums and flexi tanks
- Plastic bottles and glass jars
- Squeeze tubes
Segmentation by distribution channel:
- Wholesalers and retailers
- Convenience stores
- Online stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Marico Ltd.
- B. Enterprises
- PT MANGGA DUA
- Flower Song Fine Chemical Co Ltd.
- EPS IMPEX CO.
- K. International
- L.F. Nirmal Industries Private Limited
- PT General Laju
- ADP Southeast Orient Corporation
- Libra Bioscience Pvt. Ltd.
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