Coconut Oil Market is Expected to Reach at a CAGR of 4.60% | Demand Analysis by 2028
The Coconut oil market is expected to reach USD 5.88 billion by 2028 growing at a growth rate of 4.60% in the forecast period 2021 to 2028. Increasing number of application of the product in various industries such as cosmetics, food, and others which will likely to act as a factor for the coconut oil market in the forecast period of 2021- 2028.
Coconut oil is derived from coconut kernels that are dried or tender and is tasteless and colourless oil. There are two types of coconut oil available depending on extraction: unrefined and refined, or virgin oil. Unrefined oil is unbleached and unprocessed and is rarely used for consumption while virgin oil is used in consumption. Coconut oil is also used as a supplement for vegetable oil and is a common ingredient used by South Indian natives.
Increasing preferences among the consumers regarding the usages of the coconut oil as it offer various health benefits, women opting for shampoos, hair oils, conditioners, sunscreen, and serum, coconut oil has a solution for all these problems as proven by dermatologists, due to its unsaturated fatty acid content it is widely used as a better option for cardiovascular patients are some of the major as well as important factors which will likely to accelerate the growth of the coconut oil market in the projected timeframe of 2021-2028.
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The major players covered in the coconut oil report are:
Windy City Organics, LLC; Premier Organics.; Hain Celestial; Windmill Organics Ltd; Wichy Plantation Company (Pvt) Ltd; ANDY ALBAO CORPORATION – CocoWonder Organic Coconut & Cacao Products; Hallstar.; Marico; A.B. Enterprises; Mangga Dua; Flower’s Song; EPS Impex Co..; JK International.; PT. General Laju.; LibraBioScience; Adani Group; Cargill, Incorporated.; ADM;
Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Coconut Oil Market Scope and Market Size
Coconut oil market is segmented on the basis of source, type, distribution channel, application, packaging, and product type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the coconut oil market is segmented into organic, and conventional.
- Based on type, the coconut oil market is segmented into refined, and unrefined.
- Based on the distribution channel, the coconut oil market is segmented into direct, and indirect sales. Indirect sales have been further segmented into modern trade, wholesalers, convenience stores, retailers and online retailers.
- The coconut oil market is also segmented on the basis of application. The application is segmented into food, household detergents, metalworking fluids, paints and coatings, soaps, textile chemicals, plastic industry, pharmaceuticals and cosmetic industry.
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Coconut Oil Market Country Level Analysis
Coconut oil market is analysed and market size, volume information is provided by country, source, type, distribution channel, application, packaging, and product type as referenced above.
The countries covered in the coconut oil market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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