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Coconut Oil Market

Coconut Oil Market

Global Industry Analysis (2019 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

Published Date: Nov 2022 | Format: | No. of Pages: 143

Industry: Food & Beverage | Author Name: Mohit


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Global coconut oil market was valued at US$5.3 Bn in 2021 and is likely to reach the valuation of US$8.2 Bn by 2029, registering an estimated CAGR of 5.7% between the forecast years of 2022 to 2029.

Rising Use in Cooking Augments Global Coconut Oil Market Growth

Coconut oil is an edible oil that has been extracted from the meat or kernel of mature coconuts. It has a wide range of applications in food, cosmetics, and industrial products. Coconut oil is rich in saturated fats, which makes it resistant to oxidation, and spoilage. This gives it a prolonged shelf-life and makes it ideal for use in tropical climates. The global coconut oil market is expected to witness significant growth over the forecast period. The growing demand for natural and organic products is a major factor driving the growth of global coconut oil market. The health benefits associated with the use of coconut oil is pushing its use in cooking, which is driving the expansion of coconut oil market. High smoke point, and antioxidant properties of coconut oil are surging its use in cooking activities like frying, baking, and sautéing, thereby accelerating the progress of coconut oil market.

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As coconut oil is enriched with diverse flavours, it is extensively utilized during preparations of traditional cuisines in the country. Moreover, rapidly expanding vegan population worldwide is leading to a surge in the incorporation of coconut oil as a substitute for butter, which is significantly contributing toward the proliferation of coconut oil market. With the rising demand for healthy bakery and confectionery products, coconut oil is extensively used to boost the nutritional profile in the bakery industry, thus creating a steady stream of revenue generation opportunities for coconut oil market. In addition, the high content of saturated fatty acids and the resistance to oxidative rancidity make coconut oil ideal for use in infant formulas, which is providing impetus to the growth of coconut oil market.

Robust Growth of Cosmetics and Personal Care Industry to Present Revenue Generation Opportunities to Coconut Oil Market

Global coconut oil market is driven by the robust growth of the cosmetics and personal care industry. As coconut oil contains essential minerals and oils, it is widely incorporated as a moisturising agent in cosmetics and skincare products, thereby fuelling the growth of coconut oil market. Furthermore, the growing trend of do-it-yourself skincare, popularized during the COVID-19 pandemic, is fostering adoption of coconut oil across personal care industry, which is bolstering the growth of coconut oil market.

Western Regions Witness Newer Avenues Emerging for Virgin Oil, Asia Pacific Represents Leading Coconut Oil Market Growth

Increasing production of virgin coconut oil owing to its versatile uses is directly influencing the performance of coconut oil market. As the prevalence of various health-related issues in India is significantly surging, virgin coconut oil is being increasingly preferred in cooking owing to the high content of minerals, and vitamin E, which is in turn driving the growth of coconut oil market. With rising demand for virgin coconut oil in North American, and European regions, the export scenario is flourishing. Moreover, rising availability of diverse and cost-effective virgin coconut oil in India is surging its demand, which is expected to provide further impetus to the industry growth in the forecast period.

Globally, Asia Pacific is expected to maintain lead in global coconut oil market by the end of 2029. Presence of a large traditional consumer base, consistent product launches, and promising prospects of nutraceuticals are expected to drive coconut oil market in the region. Changing lifestyles and busy schedules, have increased unhealthy habits among consumers in recent years leading to various health-related problems. As a result, rising preference for healthy food and heightening health concerns among consumers are anticipated to be the primary drivers for coconut oil market over the forecast period. Asia Pacific’s coconut oil market is developing strong and will be the fastest growing market anticipating a high CAGR. India remains a significant pocket in Asia’s coconut oil market as several parts of the country have been traditional consumers of coconut oil varieties for a wealth of applications.

Global Coconut Oil Market: Competitive Landscape

The global coconut oil market is highly diversified and competitive in nature owing to the presence of large number of local and international manufacturers, globally. Moreover, several producers of coconut oil have made huge production facilities available in several countries. Some of the leading market players identified are Cargill, ADM, BUNGE, HAIN CELESTIAL, ADANI GROUP, Nutiva Inc., Barlean's Organic Oils LLC, Greenville Agro Corp, Adams group, and Connoils LLC. The coconut oil market is witnessing a strong competition, globally. Many market players are acquiring or merging with small and large manufacturers to sustain in this competitive market.

In August 2021, Nutiva, a US-based company that manufactures organic plant-based foods, acquired Coconut Secret for an undisclosed amount. The acquisition will expand Nutiva's presence in areas with high population trends and manufacture more coconut-related products. Consumers can get delicious, clean, sustainable pantry essentials from Nutiva and Coconut Secret, which are now required ingredients in most recipes. Coconut Secret is a US-based company producing and selling coconut oil and snacks.

The Global Coconut Oil Market is Segmented as Below:

By Form Coverage          

  • Dry Coconut
  • Wet Coconut

By Type Coverage          

  • RBD
  • Virgin
  • Crude

By Form Coverage          

  • Organic
  • Conventional

By Application Coverage

  • Food & Beverages
  • Snacks & Cereals
  • Nutritional Products
  • Beverages
  • Convenience foods
  • Others

By Geographical Coverage         

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Egypt
    • Rest of Middle East & Africa

Leading Companies   

  • Cargill
  • ADM
  • BUNGE
  • HAIN CELESTIAL
  • ADANI GROUP
  • Nutiva Inc.
  • Barlean's Organic Oils LLC
  • Greenville Agro Corp
  • Adams group
  • Connoils LLC

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Global Coconut Oil Market Outlook, 2019 - 2029
4. North America Coconut Oil Market Outlook, 2019 - 2029
5. Europe Coconut Oil Market Outlook, 2019 - 2029
6. Asia Pacific Coconut Oil Market Outlook, 2019 - 2029
7. Latin America Coconut Oil Market Outlook, 2019 - 2029
8. Middle East & Africa Coconut Oil Market Outlook, 2019 - 2029
9. Competitive Landscape
10. Appendix

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1. Executive Summary
     1.1. Global Coconut Oil Market Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions
     2.2. Market Taxonomy
     2.3. Market Dynamics
            2.3.1. Drivers
            2.3.2. Restraints
     2.4. Value Chain Analysis
     2.5. Porter’s Five Forces Analysis
     2.6. Covid-19 Impact Analysis
     2.7. Key Patents

3. Global Coconut Oil Market Outlook, 2019 - 2029
     3.1. Global Coconut Oil Market Outlook, by Form, Value (US$ ‘000), 2019 - 2029
            3.1.1. Key Highlights
                    3.1.1.1. Organic
                    3.1.1.2. Conventional
            3.1.2. BPS Analysis/Market Attractiveness Analysis
     3.2. Global Coconut Oil Market Outlook, by Type, Value (US$ ‘000), 2019 - 2029
            3.2.1. Key Highlights
                    3.2.1.1. RBD
                    3.2.1.2. Virgin
                    3.2.1.3. Crude
            3.2.2. BPS Analysis/Market Attractiveness Analysis
     3.3. Global Coconut Oil Market Outlook, by Application, Value (US$ ‘000), 2019 - 2029
            3.3.1. Key Highlights
                    3.3.1.1. Food & Beverages
                    3.3.1.2. Snacks & Cereals
                    3.3.1.3. Nutritional Products
                    3.3.1.4. Beverages
                    3.3.1.5. Convenience foods
                    3.3.1.6. Others
            3.3.2. BPS Analysis/Market Attractiveness Analysis
     3.4. Global Coconut Oil Market Outlook, by Source, Value (US$ ‘000), 2019 - 2029
            3.4.1. Key Highlights
                    3.4.1.1. Dry Coconut
                    3.4.1.2. Wet Coconut
            3.4.2. BPS Analysis/Market Attractiveness Analysis
     3.5. Global Coconut Oil Market Outlook, by Region, Value (US$ ‘000), 2019 - 2029
            3.5.1. Key Highlights
                    3.5.1.1. North America
                    3.5.1.2. Europe
                    3.5.1.3. Asia Pacific
                    3.5.1.4. Latin America
                    3.5.1.5. Middle East & Africa
            3.5.2. BPS Analysis/Market Attractiveness Analysis

4. North America Coconut Oil Market Outlook, 2019 - 2029
     4.1. North America Coconut Oil Market Outlook, by Form, Value (US$ ‘000), 2019 - 2029
            4.1.1. Key Highlights
                    4.1.1.1. Organic
                    4.1.1.2. Conventional
            4.1.2. BPS Analysis/Market Attractiveness Analysis
     4.2. North America Coconut Oil Market Outlook, by Type, Value (US$ ‘000), 2019 - 2029
            4.2.1. Key Highlights
                    4.2.1.1. RBD
                    4.2.1.2. Virgin
                    4.2.1.3. Crude
            4.2.2. BPS Analysis/Market Attractiveness Analysis
     4.3. North America Coconut Oil Market Outlook, by Application, Value (US$ ‘000), 2019 - 2029
            4.3.1. Key Highlights
                    4.3.1.1. Food & Beverages
                    4.3.1.2. Snacks & Cereals
                    4.3.1.3. Nutritional Products
                    4.3.1.4. Beverages
                    4.3.1.5. Convenience foods
                    4.3.1.6. Others
            4.3.2. BPS Analysis/Market Attractiveness Analysis
     4.4. North America Coconut Oil Market Outlook, by Source, Value (US$ ‘000), 2019 - 2029
            4.4.1. Key Highlights
                    4.4.1.1. Dry Coconut
                    4.4.1.2. Wet Coconut
            4.4.2. BPS Analysis/Market Attractiveness Analysis
     4.5. North America Coconut Oil Market Outlook, by Country, Value (US$ ‘000), 2019 - 2029
            4.5.1. Key Highlights
                    4.5.1.1. U.S. Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    4.5.1.2. Canada Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
            4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Coconut Oil Market Outlook, 2019 - 2029
     5.1. Europe Coconut Oil Market Outlook, by Form, Value (US$ ‘000), 2019 - 2029
            5.1.1. Key Highlights
                    5.1.1.1. Organic
                    5.1.1.2. Conventional
            5.1.2. BPS Analysis/Market Attractiveness Analysis
     5.2. Europe Coconut Oil Market Outlook, by Type, Value (US$ ‘000), 2019 - 2029
            5.2.1. Key Highlights
                    5.2.1.1. RBD
                    5.2.1.2. Virgin
                    5.2.1.3. Crude
            5.2.2. BPS Analysis/Market Attractiveness Analysis
     5.3. Europe Coconut Oil Market Outlook, by Application, Value (US$ ‘000), 2019 - 2029
            5.3.1. Key Highlights
                    5.3.1.1. Food & Beverages
                    5.3.1.2. Snacks & Cereals
                    5.3.1.3. Nutritional Products
                    5.3.1.4. Beverages
                    5.3.1.5. Convenience foods
                    5.3.1.6. Others
            5.3.2. BPS Analysis/Market Attractiveness Analysis
     5.4. Europe Coconut Oil Market Outlook, by Source, Value (US$ ‘000), 2019 - 2029
            5.4.1. Key Highlights
                    5.4.1.1. Dry Coconut
                    5.4.1.2. Wet Coconut
            5.4.2. BPS Analysis/Market Attractiveness Analysis
     5.5. Europe Coconut Oil Market Outlook, by Country, Value (US$ ‘000), 2019 - 2029
            5.5.1. Key Highlights
                    5.5.1.1. Germany Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    5.5.1.2. France Coconut Oil Market by Product, Value (US$ ‘000), 2019 - 2029
                    5.5.1.3. U.K. Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    5.5.1.4. Italy Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    5.5.1.5. Spain Coconut Oil Market by Product, Value (US$ ‘000), 2019 - 2029
                    5.5.1.6. Rest of Europe Coconut Oil Market Value (US$ ‘000), 2019 - 2029
            5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Coconut Oil Market Outlook, 2019 - 2029
     6.1. Asia Pacific Coconut Oil Market Outlook, by Form, Value (US$ ‘000), 2019 - 2029
            6.1.1. Key Highlights
                    6.1.1.1. Organic
                    6.1.1.2. Conventional
            6.1.2. BPS Analysis/Market Attractiveness Analysis
     6.2. Asia Pacific Coconut Oil Market Outlook, by Type, Value (US$ ‘000), 2019 - 2029
            6.2.1. Key Highlights
                    6.2.1.1. RBD
                    6.2.1.2. Virgin
                    6.2.1.3. Crude
            6.2.2. BPS Analysis/Market Attractiveness Analysis
     6.3. Asia Pacific Coconut Oil Market Outlook, by Application, Value (US$ ‘000), 2019 - 2029
            6.3.1. Key Highlights
                    6.3.1.1. Food & Beverages
                    6.3.1.2. Snacks & Cereals
                    6.3.1.3. Nutritional Products
                    6.3.1.4. Beverages
                    6.3.1.5. Convenience foods
                    6.3.1.6. Others
            6.3.2. BPS Analysis/Market Attractiveness Analysis
     6.4. Asia Pacific Coconut Oil Market Outlook, by Source, Value (US$ ‘000), 2019 - 2029
            6.4.1. Key Highlights
                    6.4.1.1. Dry Coconut
                    6.4.1.2. Wet Coconut
            6.4.2. BPS Analysis/Market Attractiveness Analysis
     6.5. Asia Pacific Coconut Oil Market Outlook, by Country, Value (US$ ‘000), 2019 - 2029
            6.5.1. Key Highlights
                    6.5.1.1. India Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    6.5.1.2. China Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    6.5.1.3. Japan Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    6.5.1.4. Australia & New Zealand Coconut Oil Market Value (US$ ‘000), 2019 - 2029
                    6.5.1.5. Rest of Asia Pacific Market by Value (US$ ‘000), 2019 - 2029
            6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Coconut Oil Market Outlook, 2019 - 2029
     7.1. Latin America Coconut Oil Market Outlook, by Form, Value (US$ ‘000), 2019 - 2029
            7.1.1. Key Highlights
                    7.1.1.1. Organic
                    7.1.1.2. Conventional
            7.1.2. BPS Analysis/Market Attractiveness Analysis
     7.2. Latin America Coconut Oil Market Outlook, by Type, Value (US$ ‘000), 2019 - 2029
            7.2.1. Key Highlights
                    7.2.1.1. RBD
                    7.2.1.2. Virgin
                    7.2.1.3. Crude
            7.2.2. BPS Analysis/Market Attractiveness Analysis
     7.3. Latin America Coconut Oil Market Outlook, by Application, Value (US$ ‘000), 2019 - 2029
            7.3.1. Key Highlights
                    7.3.1.1. Food & Beverages
                    7.3.1.2. Snacks & Cereals
                    7.3.1.3. Nutritional Products
                    7.3.1.4. Beverages
                    7.3.1.5. Convenience foods
                    7.3.1.6. Others
            7.3.2. BPS Analysis/Market Attractiveness Analysis
     7.4. Latin America Coconut Oil Market Outlook, by Source, Value (US$ ‘000), 2019 - 2029
            7.4.1. Key Highlights
                    7.4.1.1. Dry Coconut
                    7.4.1.2. Wet Coconut
            7.4.2. BPS Analysis/Market Attractiveness Analysis
     7.5. Latin America Coconut Oil Market Outlook, by Country, Value (US$ ‘000), 2019 - 2029
            7.5.1. Key Highlights
                    7.5.1.1. Brazil Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    7.5.1.2. Mexico Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    7.5.1.3. Rest of Latin America Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
            7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Coconut Oil Market Outlook, 2019 - 2029
     8.1. Middle East & Africa Coconut Oil Market Outlook, by Form, Value (US$ ‘000), 2019 - 2029
            8.1.1. Key Highlights
                    8.1.1.1. Organic
                    8.1.1.2. Conventional
            8.1.2. BPS Analysis/Market Attractiveness Analysis
     8.2. Middle East & Africa Coconut Oil Market Outlook, by Type, Value (US$ ‘000), 2019 - 2029
            8.2.1. Key Highlights
                    8.2.1.1. RBD
                    8.2.1.2. Virgin
                    8.2.1.3. Crude
            8.2.2. BPS Analysis/Market Attractiveness Analysis
     8.3. Middle East & Africa Coconut Oil Market Outlook, by Application, Value (US$ ‘000), 2019 - 2029
            8.3.1. Key Highlights
                    8.3.1.1. Food & Beverages
                    8.3.1.2. Snacks & Cereals
                    8.3.1.3. Nutritional Products
                    8.3.1.4. Beverages
                    8.3.1.5. Convenience foods
                    8.3.1.6. Others
            8.3.2. BPS Analysis/Market Attractiveness Analysis
     8.4. Middle East & Africa Coconut Oil Market Outlook, by Source, Value (US$ ‘000), 2019 - 2029
            8.4.1. Key Highlights
                    8.4.1.1. Dry Coconut
                    8.4.1.2. Wet Coconut
            8.4.2. BPS Analysis/Market Attractiveness Analysis
     8.5. Middle East & Africa Coconut Oil Market Outlook, by Country, Value (US$ ‘000), 2019 - 2029
            8.5.1. Key Highlights
                    8.5.1.1. GCC Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    8.5.1.2. South Africa Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
                    8.5.1.3. Rest of Middle East & Africa Coconut Oil Market by Value (US$ ‘000), 2019 - 2029
            8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2021
     9.2. Company Profiles
            9.2.1. Cargill
                    9.2.1.1. Company Overview
                    9.2.1.2. Key Retailing Partners
                    9.2.1.3. Business Segment Revenue
                    9.2.1.4. Ingredient Overview
                    9.2.1.5. Product Offering & its Presence
                    9.2.1.6. Certifications & Claims
            9.2.2. ADM
            9.2.3. BUNGE
            9.2.4. HAIN CELESTIAL
            9.2.5. ADANI GROUP
            9.2.6. Nutiva Inc.
            9.2.7. Barlean's Organic Oils LLC
            9.2.8. Greenville Agro Corp
            9.2.9. Adams group
            9.2.10. Connoils LLC

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2021

   

2019 - 2021

2022 - 2029

Value: US$ Million

 

REPORT FEATURES

DETAILS

Form Coverage
  • Dry Coconut
  • Wet Coconut

Type Coverage
  • RBD
  • Virgin
  • Crude

Form Coverage
  • Organic
  • Conventional

Application Coverage
  • Food & Beverages
  • Snacks & Cereals
  • Nutritional Products
  • Beverages
  • Convenience foods
  • Others

Geographical Coverage
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Turkey
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Egypt
    • Rest of Middle East & Africa

Leading Companies
  • Cargill
  • ADM
  • BUNGE
  • HAIN CELESTIAL
  • ADANI GROUP
  • Nutiva Inc.
  • Barlean's Organic Oils LLC
  • Greenville Agro Corp
  • Adams group
  • Connoils LLC

Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis, Key Trends
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Latest Reports

Wood Vinegar Market
This study intends to analyse diverse aspects of the global wood vinegar market. The insights offered in this report are expected to aid in market growth examination over the forecast timeline.
Natural Vanillin Market
Global natural vanillin market was valued at nearly US$336 Mn in 2021 and will reach the valuation of US$845 Mn by 2029, registering the CAGR of 9.5% between the forecast years.
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FAQs : Coconut Oil Market

Global coconut oil market is expected to reach the revenue worth US$8.2 Bn by 2029 end.

The report has covered five key regions, i.e., North America, Latin America, Europe, Asia Pacific, and the Middle East associated Countries.

Asia Pacific continues to be the largest coconut oil market. The region is expected to register a value CAGR of 6.3% by 2029 end.

Increasing health and environmental concerns are largely facilitating the demand surge in coconut oil market. Increasing demand for odourless and tasteless RBD oil across F&B Industry is also expected to bode well for rising coconut oil demand.

Cargill, ADM, BUNGE, HAIN CELESTIAL, ADANI GROUP, Nutiva Inc., Barlean's Organic Oils LLC, Greenville Agro Corp, Adams group, Connoils LLC.

Our Research Methodology

Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.

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