Global Coconut Oil Market, By Source (Organic, Conventional), Type (Refined, Unrefined), Distribution Channel (Direct, Indirect Sales), Application (Food, Household Detergents, Metalworking Fluids, Paints and Coatings, Soaps, Textile Chemicals, Plastic Industry, Pharmaceuticals and Cosmetic Industry), Packaging (Steel Drums, Flexi Tanks/Iso Tanks, Carboys, Plastic Bottles, Squeeze Tubes, Glass Jars, Pails), Product Type (Distilled, Partially Hydrogenated, Fully Hydrogenated, Low White or Low Whole Products), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Coconut Oil Market
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. On the other hand, increasing demand of the coconut oil as skin care and hair care products, optimization of product as bio fuel along with easy availability of the product which will further contribute by generating immense opportunities that will led to the growth of the coconut oil market in the above mentioned projected timeframe.
Increasing dependency on other nations for the production of coconut related products along with high price of the product which will likely to act as market restraints factor for the growth of the coconut oil in the above mentioned projected timeframe. Less availability of resources will become the biggest and foremost challenge for the growth of the market.
This coconut oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on oil market contact Data Bridge Market Research coconut for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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. Food segment has been further segmented into confectionary, sauces and spread, flavouring ingredient and others. Commercial industry has been further segmented into hotels, restaurants and cafes (Horeca), institutional foods and households.
- Based on packaging, the coconut oil market is segmented into steel drums, flexi tanks/iso tanks, carboys, plastic bottles, squeeze tubes, glass jars, and pails.
- On the basis of product type, the coconut oil market is segmented into distilled, partially hydrogenated, fully hydrogenated, low white or low whole products.
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).
North America dominates the coconut oil market due to the dependency of the consumers on oil based cuisines and their willingness to opt for a better health related substitutes in the region while Asia-Pacific region will expect to grow in the forecast period 2021 to 2028 due to the increasing awareness among the consumer regarding the benefits of coconut in the region.
The country section of the coconut oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coconut Oil Market Share Analysis
Coconut oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to coconut oil market.
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; Bunge Limited; Greenville Agro Corporation.; among other domestic and global players. 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.
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