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Coconut Oil Market

Coconut Oil Market Forecasts to 2028 – Global Analysis By Nature (Organic, Conventional), Packaging (Steel Drums, Pouch), Application (Pharmaceuticals, Chemicals), and By Geography

4.4 (49 reviews)
Published: June 2022 ID: SMRC21505
4.4 (49 reviews)
Published: June 2022 ID: SMRC21505

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Coconut Oil Market is accounted for $3713.37 million in 2021 and is expected to reach $6001.98 million by 2028 growing at a CAGR of 7.1% during the forecast period. Coconut oil is made up of a mixture of saturated, monounsaturated, and polyunsaturated fats. Coconut oil is used as a hair oil as its excellent care product promotes hair health, shine, and growth. It has anti-inflammatory, anti-fungal, and anti-microbial properties, due to which it is used as a preventive healthcare measure. It is also used for body massage as it possesses anti-aging, antibacterial, antioxidant, and anti-inflammatory properties.

Market Dynamics:

Driver:

Increasing demand for natural cosmetic products


People are majorly focusing on taking the best care of their hair and skin. Women across the world are the major contributor to the sales of beauty and personal care products. Customer’s preferences have changed from artificial chemical products to natural products. The increasing usage of organic and natural products is likely to drive the growth of the coconut oil market.

Restraint:

Higher dependency of the manufacturers on the import of coconut oil


Manufacturers across various nations are highly dependent on importing coconut oil from other countries with high availability, for the manufacturing of different products. This creates a gap between demand and supply of coconut oil, which increases the prices of various final products that would limits the demand and growth of the coconut oil market. Several nations have a sufficient amount of coconut oil to export, however, companies in other nations need to buy it, which increases the overall cost of their products.

Opportunity:

Potential application as biofuel


Biofuels are increasing in demand because of their environmentally friendly nature. Coconut oil blends yield a very comparable output of energy to conventional diesel, and its exhaust contains less harmful emissions compared to conventional diesel exhaust. Coconut oil in Pacific countries is highly used in transport and electricity generation due to its lower local cost thus increasing opportunities for the coconut oil market.

Threat:

Supply of raw materials


Because of unpredictable weather patterns of heavy rains and drought as well as general neglect of the crop, the coconut oil production has been shrinking due to the low availability of raw materials. Coconut oil is produced from copra and fresh coconut meat. Several factors such as diseases and floods might limit the production of coconuts leading to losses in the coconut oil market. Thus, an irregular supply of raw materials acts as a threat challenge for the coconut oil market.

 The organic segment is expected to be the largest during the forecast period

The organic segment is estimated to have a lucrative growth as the increasing demand for organic products worldwide because of this many key players operating in the coconut oil market are supporting farmers to grow coconuts organically by providing proper knowledge and helping them get certified for their produce.

The cosmetics & personal care segment is expected to have the highest CAGR during the forecast period

The cosmetics & personal care segment is anticipated to witness the fastest CAGR growth during the forecast period as coconut oil is used as one of the components of cosmetic ingredients, majorly as a smoothening agent and as a source of smooth skin and to improve the dryness of skin and hairs. Companies are focusing on the development of extraction and processing of coconut oil to discover new beauty applications.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to technological advancement, which has increased its usage in various industries, and the growing trend of ready-to-eat meals and processed food. In the US, coconut oil is mainly used in organic form in confectionery products for health benefits. It is also used as a base for gelling agents in confections, for thickeners in products such as pastry and pie fillings, and in instant puddings.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to increasing awareness among consumers in the UK regarding the health and environmental benefits of clean label products and growing usage of coconut oil in the preparation of food like snacks, ready-to-eat meals, bakery products, and confectioneries. The increasing concern regarding the use of ingredients in food & beverage products, coupled with rising health awareness, has led the consumers to demand more natural and organic food products in the region.

Key players in the market

Some of the key players profiled in the Coconut Oil Market include CIIF OMG, Tantuco Enterprises, Inc., Sun Bionaturals Private Ltd, ADM, Royce Food Corporation, Bunge Limited, Novel Nutrients Pvt. Ltd., Mangga Dua, Jiangxi Planty Manor Health Industry Co., Ltd., Hancole, Greenville Agro Corporation, Connoils LLC, Aromaax International, Cargill Incorporated, Bo International, Aluan, Rmayra Naturals, Adams Group, Shree Western G & C Ind., Celebes Coconut Corporation and Marico Limited.    

Key Developments:

In Feb 2020, Bunge Limited launched a new portfolio of products to help replicate the taste, texture, and cooking experience of meat. This portfolio includes specialty fat fractions, shortenings, flakes, and emulsifiers that leverage high-stability sunflower, canola, coconut, and palm fruit oils.

In May 2019, Marico Limited launched Parachute Advansed Coconut Creme Oil, a unique blend of nourishing coconut oil and soft coconut milk. This oil would bring back the wonders of oiling via a new age format, which provides the softness of coconut milk and strength of coconut oil.
 
Natures Covered:
• Organic 
• Conventional 
 
Types Covered:
• Coconut Refined, Bleached and Deodorized (RBD) Oil
• Virgin Coconut Oil
• Extra-Virgin
• Crude
 
Sources Covered:
• Wet Coconut/Fresh 
• Dry coconut
 
Product Types Covered:
• Partially Hydrogenated 
• Low White or Low Whole Products 
• Fully Hydrogenated 
• Distilled 
 
Price Points Covered:

• Premium
• Mass
 
Packaging’s Covered:
• Steel Drums  
• Carboys  
• Pouch  
• Pails  
• Glass Jars  
• Flexi Tanks/ISO Tanks  
• Plastic Bottles  
• Can  
• Squeeze Tubes  
 
Distribution Channels Covered:
• Supermarket and Hypermarket  
• Modern Trade Units  
• E-Commerce  
• Direct Distribution  
• Convenience Stores  
 
Applications Covered:
• Agriculture
• Cosmetics & Personal Care
• Chemical
• Household Detergents
• Metalworking Fluids
• Food & Beverages
• Pharmaceuticals
• Textile
• Soaps
• Paints and Coatings
• Chemicals
• Plastic

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary             
               
2 Preface    
          
 2.1 Abstract             
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology           
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation            
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources          
  2.5.3 Assumptions           
               
3 Market Trend Analysis            
 3.1 Introduction            
 3.2 Drivers             
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats             
 3.6 Product Analysis            
 3.7 Application Analysis           
 3.8 Emerging Markets            
 3.9 Impact of Covid-19            
               
4 Porters Five Force Analysis            
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes           
 4.4 Threat of new entrants            
 4.5 Competitive rivalry            
               
5 Global Coconut Oil Market, By Nature           
 5.1 Introduction            
 5.2 Organic             
 5.3 Conventional            
               
6 Global Coconut Oil Market, By Type            
 6.1 Introduction            
 6.2 Coconut Refined, Bleached and Deodorized (RBD) Oil        
 6.3 Virgin Coconut Oil            
 6.4 Extra-Virgin            
 6.5 Crude             
               
7 Global Coconut Oil Market, By Source            
 7.1 Introduction            
 7.2 Wet Coconut/Fresh             
 7.3 Dry coconut            
               
8 Global Coconut Oil Market, By Product Type          
 8.1 Introduction            
 8.2 Partially Hydrogenated           
 8.3 Low White or Low Whole Products          
 8.4 Fully Hydrogenated            
 8.5 Distilled             
               
9 Global Coconut Oil Market, By Price Point          
 9.1 Introduction            
 9.2 Premium             
 9.3 Mass              
               
10 Global Coconut Oil Market, By Packaging           
 10.1 Introduction            
 10.2 Steel Drums            
 10.3 Carboys             
 10.4 Pouch             
 10.5 Pails             
 10.6 Glass Jars             
 10.7 Flexi Tanks/ISO Tanks           
 10.8 Plastic Bottles            
 10.9 Can             
 10.10 Squeeze Tubes            
               
11 Global Coconut Oil Market, By Distribution Channel         
 11.1 Introduction            
 11.2 Supermarket and Hypermarket          
 11.3 Modern Trade Units            
 11.4 E-Commerce            
 11.5 Direct Distribution            
 11.6 Convenience Stores            
               
12 Global Coconut Oil Market, By Application          
 12.1 Introduction            
 12.2 Agriculture            
 12.3 Cosmetics & Personal Care           
 12.4 Chemical             
 12.5 Household Detergents           
 12.6 Metalworking Fluids           
 12.7 Food & Beverages            
  12.7.1 Snacks & Cereals           
  12.7.2 Nutritional Products          
  12.7.3 Beverages           
  12.7.4 Bakery & Confectionery          
 12.8 Pharmaceuticals            
 12.9 Textile              
 12.10 Soaps             
 12.11 Paints and Coatings            
 12.12 Chemicals            
 12.13 Plastic              
               
13 Global Coconut Oil Market, By Geography          
 13.1 Introduction            
 13.2 North America            
  13.2.1 US            
  13.2.2 Canada             
  13.2.3 Mexico            
 13.3 Europe             
  13.3.1 Germany            
  13.3.2 UK            
  13.3.3 Italy            
  13.3.4 France            
  13.3.5 Spain            
  13.3.6 Rest of Europe           
 13.4 Asia Pacific            
  13.4.1 Japan            
  13.4.2 China            
  13.4.3 India            
  13.4.4 Australia            
  13.4.5 New Zealand           
  13.4.6 South Korea           
  13.4.7 Rest of Asia Pacific           
 13.5 South America            
  13.5.1 Argentina           
  13.5.2 Brazil            
  13.5.3 Chile            
  13.5.4 Rest of South America          
 13.6 Middle East & Africa           
  13.6.1 Saudi Arabia           
  13.6.2 UAE            
  13.6.3 Qatar            
  13.6.4 South Africa           
  13.6.5 Rest of Middle East & Africa          
               
14 Key Developments             
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 14.2 Acquisitions & Mergers           
 14.3 New Product Launch           
 14.4 Expansions            
 14.5 Other Key Strategies           
               
15 Company Profiling             
 15.1 CIIF OMG             
 15.2 Tantuco Enterprises, Inc.            
 15.3 Sun Bionaturals Private Ltd            
 15.4 ADM              
 15.5 Royce Food Corporation            
 15.6 Bunge Limited             
 15.7 Novel Nutrients Pvt. Ltd.            
 15.8 Mangga Dua             
 15.9 Jiangxi Planty Manor Health Industry Co., Ltd.         
 15.10 Hancole             
 15.11 Greenville Agro Corporation            
 15.12 Connoils LLC            
 15.13 Aromaax International           
 15.14 Cargill Incorporated            
 15.15 Bo International             
 15.16 Aluan              
 15.17 Rmayra Naturals             
 15.18 Adams Group             
 15.19 Shree Western G & C Ind.            
 15.20 Celebes Coconut Corporation           
 15.21 Marico Limited            


List of Tables               
1 Global Coconut Oil Market Outlook, By Region (2020-2028) ($MN)        
2 Global Coconut Oil Market Outlook, By Nature (2020-2028) ($MN)        
3 Global Coconut Oil Market Outlook, By Organic (2020-2028) ($MN)        
4 Global Coconut Oil Market Outlook, By Conventional (2020-2028) ($MN)        
5 Global Coconut Oil Market Outlook, By Type (2020-2028) ($MN)        
6 Global Coconut Oil Market Outlook, By Coconut Refined, Bleached and Deodorized (RBD) Oil (2020-2028) ($MN)    
7 Global Coconut Oil Market Outlook, By Virgin Coconut Oil (2020-2028) ($MN)       
8 Global Coconut Oil Market Outlook, By Extra-Virgin (2020-2028) ($MN)        
9 Global Coconut Oil Market Outlook, By Crude (2020-2028) ($MN)        
10 Global Coconut Oil Market Outlook, By Source (2020-2028) ($MN)        
11 Global Coconut Oil Market Outlook, By Wet Coconut/Fresh (2020-2028) ($MN)       
12 Global Coconut Oil Market Outlook, By Dry coconut (2020-2028) ($MN)        
13 Global Coconut Oil Market Outlook, By Product Type (2020-2028) ($MN)        
14 Global Coconut Oil Market Outlook, By Partially Hydrogenated (2020-2028) ($MN)       
15 Global Coconut Oil Market Outlook, By Low White or Low Whole Products (2020-2028) ($MN)      
16 Global Coconut Oil Market Outlook, By Fully Hydrogenated (2020-2028) ($MN)       
17 Global Coconut Oil Market Outlook, By Distilled (2020-2028) ($MN)        
18 Global Coconut Oil Market Outlook, By Price Point (2020-2028) ($MN)        
19 Global Coconut Oil Market Outlook, By Premium (2020-2028) ($MN)        
20 Global Coconut Oil Market Outlook, By Mass (2020-2028) ($MN)        
21 Global Coconut Oil Market Outlook, By Packaging (2020-2028) ($MN)        
22 Global Coconut Oil Market Outlook, By Steel Drums (2020-2028) ($MN)         
23 Global Coconut Oil Market Outlook, By Carboys (2020-2028) ($MN)        
24 Global Coconut Oil Market Outlook, By Pouch (2020-2028) ($MN)        
25 Global Coconut Oil Market Outlook, By Pails (2020-2028) ($MN)        
26 Global Coconut Oil Market Outlook, By Glass Jars (2020-2028) ($MN)        
27 Global Coconut Oil Market Outlook, By Flexi Tanks/ISO Tanks (2020-2028) ($MN)       
28 Global Coconut Oil Market Outlook, By Plastic Bottles (2020-2028) ($MN)        
29 Global Coconut Oil Market Outlook, By Can (2020-2028) ($MN)         
30 Global Coconut Oil Market Outlook, By Squeeze Tubes (2020-2028) ($MN)       
31 Global Coconut Oil Market Outlook, By Distribution Channel (2020-2028) ($MN)       
32 Global Coconut Oil Market Outlook, By Supermarket and Hypermarket (2020-2028) ($MN)      
33 Global Coconut Oil Market Outlook, By Modern Trade Units (2020-2028) ($MN)       
34 Global Coconut Oil Market Outlook, By E-Commerce (2020-2028) ($MN)        
35 Global Coconut Oil Market Outlook, By Direct Distribution (2020-2028) ($MN)       
36 Global Coconut Oil Market Outlook, By Convenience Stores (2020-2028) ($MN)       
37 Global Coconut Oil Market Outlook, By Application (2020-2028) ($MN)        
38 Global Coconut Oil Market Outlook, By Agriculture (2020-2028) ($MN)        
39 Global Coconut Oil Market Outlook, By Cosmetics & Personal Care (2020-2028) ($MN)      
40 Global Coconut Oil Market Outlook, By Chemical (2020-2028) ($MN)        
41 Global Coconut Oil Market Outlook, By Household Detergents (2020-2028) ($MN)       
42 Global Coconut Oil Market Outlook, By Metalworking Fluids (2020-2028) ($MN)       
43 Global Coconut Oil Market Outlook, By Food & Beverages (2020-2028) ($MN)       
44 Global Coconut Oil Market Outlook, By Snacks & Cereals (2020-2028) ($MN)       
45 Global Coconut Oil Market Outlook, By Nutritional Products (2020-2028) ($MN)       
46 Global Coconut Oil Market Outlook, By Beverages (2020-2028) ($MN)        
47 Global Coconut Oil Market Outlook, By Bakery & Confectionery (2020-2028) ($MN)       
48 Global Coconut Oil Market Outlook, By Pharmaceuticals (2020-2028) ($MN)       
49 Global Coconut Oil Market Outlook, By Textile (2020-2028) ($MN)        
50 Global Coconut Oil Market Outlook, By Soaps (2020-2028) ($MN)        
51 Global Coconut Oil Market Outlook, By Paints and Coatings (2020-2028) ($MN)       
52 Global Coconut Oil Market Outlook, By Chemicals (2020-2028) ($MN)        
53 Global Coconut Oil Market Outlook, By Plastic (2020-2028) ($MN)        
                
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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