Global Coconut Oil Market Overview:
According to SPER Market Research, the Global Coconut Oil Market is estimated to reach USD 8.62 billion by 2030 with a CAGR of 5.3%.
Coconut oil is an edible oil that is solid or semi-liquid that is yellowish-white. It is made from the meat, milk, and wick of the coconut palm fruit; it has no cholesterol and just a little amount of unsaturated fatty acids. It is also up to 90% saturated fat. Because it encourages hair luster, growth, and health, coconut oil is mostly used as hair oil. In many Asian nations, it is also used for cooking and is valued for its antibacterial, antioxidant, and anti-inflammatory effects. When included in body butter, soaps, and salve formulations, it also exhibits soothing qualities and textures. Additionally, it reduces the appearance of dead skin, heals blisters and sunburns, and soothes sunburns. Improving coconut oil in the food, chemical, personal care, and cosmetics industries is anticipated to increase demand for coconut oil over the forecast period. These qualities have led to an increase in the use of coconut oil in cosmetic and personal care products. Additionally, because coconut oil contains a very low level of unsaturated fatty acids, it helps to maintain healthy levels of cholesterol in the body while lowering the risk of heart disease.
The RBD oil segment contributed the most to the market. Growing health consciousness among customers and increased knowledge of the advantages of RBD oil are the main drivers of the coconut oil market's expansion. Biofuels are becoming more and more popular. Coconut oil blends produce energy production that is quite comparable to that of conventional diesel, and their exhaust is also far cleaner than that of conventional diesel.
Due to its lower local cost, coconut oil is being used more and more in the Pacific countries for transportation and electricity production, creating enormous global market prospects. The production of coconuts may be hampered by a number of circumstances, such as diseases and floods, which could result in losses in the coconut oil market. As a result, the market for coconut oil frequently faces difficulties due to erratic raw material supply.
Impact of COVID-19 on the Global Coconut Oil Market
Covid-19's effects have crippled both small and large businesses alike. Numerous businesses were compelled to close due to the lockdown and the requirement for physical distancing. One of the sectors that experienced a fall in profit and market size was the coconut oil sector. However, it is anticipated that the coconut oil market would increase its sales in the upcoming years.
Scope of the report
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Product Type, By Application, By Source, By Distribution Channel, By Nature, By Packaging
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | 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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Global Coconut Oil Market, By Product Type:
Based on the Product Type, Global Coconut Oil Market is segmented as; Virgin (Wide Usage In Functional Food and Cosmetic Products Owing To Its Antioxidant Properties), Crude (Used In Surfactants and Lubricants), RBD (Increasing Application In Cosmeceutical Products Is Expected To Drive The Demand).
Global Coconut Oil Market, By Application:
Based on the Application, Global Coconut Oil Market is segmented as; Cosmetics and Personal Care Products, Pharmaceuticals, Food and Beverages {Bakery and Confectionary (Use Of Coconut Oil As A Substitute For Fats), Nutritional Products (Health Benefits Offered By MCTs In Coconut Oil), Beverages (Increasing Demand For Healthy Beverages), Snacks and Cereals (High Smoke Point Of RBD Coconut Oil Leading To Its Usage In Deep Frying), Other Food and Beverage Applications (Coconut Oil Is Widely Used In Salad Dressings), Other Applications (Wide Usage In Surfactants)}.
Global Coconut Oil Market, By Source:
Based on the Source, Global Coconut Oil Market is segmented as; Wet Coconut and Dry Coconut.
Global Coconut Oil Market, By Distribution Channel:
Based on the Distribution Channel, Global Coconut Oil Market is segmented as; Direct Distribution, Convenience Stores, Modern Trade Units, E-Commerce and Others.
Global Coconut Oil Market, By Nature:
Based on the Nature, Global Coconut Oil Market is segmented as; Organic and Conventional.
Global Coconut Oil Market, By Packaging:
Based on the Nature, Global Coconut Oil Market is segmented as; Jar, Can, Bottle, Pouch, Tanks and Others.
Global Coconut Oil Market, By Region:
The largest market size is anticipated to come from the Asia Pacific region. This is due to the fact that the majority of the major market players are from the Asia Pacific area. Increase in availability of coconut oil products contributes to the market's expansion. The second-largest market share worldwide held by Europe.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Coconut Oil Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Coconut Oil Market, By Product Type, 2019-2030 (USD Million)
6.1. Virgin
6.1.1. Wide Usage In Functional Food and Cosmetic Products Owing To Its Antioxidant Properties
6.2. Crude
6.2.1. Used In Surfactants and Lubricants
6.3. RBD
6.3.1. Increasing Application In Cosmeceutical Products Is Expected To Drive The Demand
7. Global Coconut Oil Market, By Application, 2019-2030 (USD Million)
7.1. Cosmetics and Personal Care Products
7.2. Pharmaceuticals
7.3. Food and Beverages
7.3.1. Bakery and Confectionary
7.3.1.1. Use Of Coconut Oil As A Substitute For Fats
7.3.2. Nutritional Products
7.3.2.1. Health Benefits Offered By MCTs In Coconut Oil
7.3.3. Beverages
7.3.3.1. Increasing Demand For Healthy Beverages
7.3.4. Snacks and Cereals
7.3.4.1. High Smoke Point Of RBD Coconut Oil Leading To Its Usage In Deep Frying
7.3.5. Other Food and Beverage Applications
7.3.5.1. Coconut Oil Is Widely Used In Salad Dressings
7.4. Other Applications
7.4.1. Wide Usage In Surfactants
8. Global Coconut Oil Market, By Source, 2019-2030 (USD Million)
8.1. Wet Coconut
8.2. Dry Coconut
9. Global Coconut Oil Market, By Distribution Channel, 2019-2030 (USD Million)
9.1. Direct Distribution
9.2. Convenience Stores
9.3. Modern Trade Units
9.4. E-Commerce
9.5. Others
10. Global Coconut Oil Market, By Nature, 2019-2030 (USD Million)
10.1. Organic
10.2. Conventional
11. Global Coconut Oil Market, By Packaging, 2019-2030 (USD Million)
11.1. Jar
11.2. Can
11.3. Bottle
11.4. Pouch
11.5. Tanks
11.6. Others
12. Global Coconut Oil Market, By Region, 2019-2030 (USD Million)
12.1. North America
12.1.1. United States
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. Germany
12.2.2. United Kingdom
12.2.3. France
12.2.4. Italy
12.2.5. Spain
12.2.6. Rest of Europe
12.3. Asia-Pacific
12.3.1. China
12.3.2. Japan
12.3.3. India
12.3.4. Australia
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of South America
12.5. Middle East & Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
13. Company Profiles
13.1. Adams Groups
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. ADM
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Aromaaz International
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4 BO International
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Bunge Limited
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Cargill Incorporated
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Celebes Coconut Incorporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Connoils LLC
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Greenville Agro Corporation
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Hancole
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11 Mangga Dua
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Novel Nutrients Pvt. Ltd.
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Royce Food Corporation
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Sun Bionaturals Pvt. Ltd.
13.14.1. Company detail
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments
13.15. Tantuco Enterprises, Inc.
13.15.1. Company details
13.15.2. Financial outlook
13.15.3. Product summary
13.15.4. Recent developments
13.16. Windmill Organics Ltd
13.16.1. Company detail
13.16.2. Financial outlook
13.16.3. Product summary
13.16.4. Recent developments