According to SPER Market Research, the Global Coconut Oil Market Forecast is rapidly growing, and it is anticipated that this will keep happening over the predicted period. Coconut oil is a solid or semi-liquid, yellowish-white edible oil. Due to its ability to support hair’s health, growth, and luster, coconut oil is most frequently used as hair oil. Additionally, it has antibacterial, anti-inflammatory, antioxidant, and anti-aging properties.
It is utilized in cuisine in many Asian nations. It also has calming textures and properties when used in body butter, soap, and salve recipes.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 5.3%
- Forecast Market Size (2030): 8.62 Billion
It also lessens the appearance of dead skin, soothes sunburns, and cures blisters. Over the projected period, demand for coconut oil is expected to rise as a result of the growing use of this oil in the food, chemical, personal care, and cosmetics industries. Coconut oil helps to maintain healthy levels of cholesterol in the body while reducing the risk of heart disease since it contains relatively few unsaturated fatty acids. The primary factors propelling the growth of the coconut oil market are rising health consciousness among consumers and an improved understanding of the benefits of RBD oil.
Impact of COVID-19 on the Global Coconut Oil Market:
The repercussions of COVID-19 have destroyed both small and major businesses. Due to the lockdown and the need for physical separation, many businesses were forced to close. Coconut oil was one of the industries that saw a decline in revenue and market size. However, it is projected that sales of coconut oil will rise in the years to come.
Global Coconut Oil Market Insights, Size, and Growth Forecast To 2030
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Global Coconut Oil Market, By Product Type:
- Virgin
- Crude
- RBD
Global Coconut Oil Market, By Application:
- Cosmetics and Personal Care Products
- Pharmaceuticals
- Food and Beverages
- Nutritional Products
- Beverages
- Snacks and Cereals
- Other Food and Beverage Applications
- Other Applications
Global Coconut Oil Market, By Source:
- Wet Coconut
- Dry Coconut
Global Coconut Oil Market, By Distribution Channel:
- Direct Distribution
- Convenience Stores
- Modern Trade Units
- E-Commerce
- Others
Global Coconut Oil Market, By Nature:
- Organic
- Conventional
Global Coconut Oil Market, By Packaging:
- Jar
- Can
- Bottle
- Pouch
- Tanks
- Others
Global Coconut Oil Market, By Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Key Market Players:
The Global Coconut Oil Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Adams Group, ADM, Aromaaz International, BO International, Bunge Limited, Cargill Incorporated, Celebes Coconut Incorporation, Connoils LLC, Greenville Agro Corporation, Hancole, Mangga Dua, Novel Nutrients Pvt. Ltd., Royce Food Corporation, Sun Bionaturals Pvt. Ltd., Tantuco Enterprises Inc., Windmill Organics Ltd.
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