Global Virgin Coconut Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global virgin coconut oil market in its upcoming report titled, “Global Virgin Coconut Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global virgin coconut oil market is estimated to register a CAGR of X.X% in terms of value during the forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global virgin coconut oil market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global virgin coconut oil market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global virgin coconut oil market report has been segmented on the basis of product type, application distribution channel, and region.

Coconut plantation is one of the most widespread crops around the world, generally grown in the humid and semi-humid regions. Coconuts are rich in nutritional value and are very popular among the general population for their wide range of benefits and uses. The virgin coconut oil is considered as the purest form of coconut oil, as it is extracted without any chemicals or heating processes, besides normal coconut oil. Virgin coconut oil is extracted from fresh coconut milk and is rich in fatty acids. Moreover, the extracted oil is rich in anti-oxidants, vitamins, and minerals.

Increasing adoption of virgin coconut oil in various end-use applications such as beauty and healthcare is a key factor driving the growth of the global virgin coconut oil market. In addition, growing perception about virgin coconut oil being healthier than other oils among the general population in developed and developing economies is a major factor expected to fuel the growth of the global virgin coconut oil market over the forecast period.

However, limited production of coconuts for virgin oil extraction is a key factor restraining the growth of the global virgin coconut oil market. In addition, an introduction to newer products and presence of substitutes for virgin coconut oil in the market are major factors expected to restrain the growth of the global virgin coconut oil market over the forecast period.

Currently, the market in Asia Pacific dominates the global virgin coconut oil market in revenue terms owing to the high adoption rate of virgin coconut oil in emerging economies in the region. North America is currently the second-largest market due to high adoption of beauty products, rising demand for health supplements, and high disposable income in the region followed by Europe, and Middle East & Arica. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to rising demand for virgin coconut oil from emerging economies, increasing production of coconuts by major plantations, and high domestic consumption of coconut oil.

Market Segmentation:

Global virgin coconut oil market segmentation by product type:

• Refined
• Unrefined

Global virgin coconut oil market segmentation by application:

• Food & Beverages
• Beauty and Cosmetics
• Pharmaceuticals
• Others

Global virgin coconut oil market segmentation by distribution channel:

• Online Channel
• Offline Channel (Convenience stores, Hypermarkets & Supermarkets etc.)

Global virgin coconut oil market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• MaxCare VCO
• Nutiva Organic Coconut Oil
• Hain Celestial Group
• Barlean’s Organic Oils LLC
• Tropical Traditions America
• Zumi Naturals Ltd
• Edward and Sons Trading Company
• iTi Tropicals Inc.
• NMK Holdings Pvt. Ltd.
• Greenville Agro Corporation