Coconut Oil Market Growth, Competition, Size and Upcoming Trends 2030

Coconut Oil Market Size, Share & Trends Analysis By Source, By Product Types, By Nature, By Application, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Published: Feb 2022 Base Year: 2021 Report ID: FOOD2204
Available Format: Historical Data: 2019 - 2020 Number of Pages: 1 - 246
Category : Food & Beverages
Global Coconut Oil Market Overview:

According to SPER Market Research, the global coconut oil market estimated to reach USD 5498 million by 2030 with a CAGR of 4.8%. The growth of this market is due to the increase in the use of coconut oil in cosmeceutical. The major commercial product of coconut is Coconut oil. Coconut oil is used as a cooking fat, hair oil, body oil, and industrial oil. Refined coconut oil is used in the manufacture of biscuits, chocolates, confectionery, ice-creams, margarine and for the manufacture of pharmaceutical agents.

Impact of COVID-19 on the coconut oil Market
The food & beverage industry in total affected drastically, by the outbreak of COVID-19 pandemic. The import and export activities hampered due to impose of lockdowns by different countries lead to the interruption in the supply chain. Consumers are shifting toward products that are favourable for their health. This is expected to boost the demand for coconut oil, the demand for cosmetic products with organic natural ingredients is expanding, and this will further drive the coconut oil market.

Scope of the report:
 Report Metric Details
 Market size available for years 2019-2030
 Base year considered 2021
 Forecast period 2022-2030
 Segments coveredBy Source, By nature, BY product type, By application, and By region
 Geographies coveredNorth America, Europe, Asia Pacific, and Rest of the World
 Companies CoveredAdams Group, ADM, Aluan, Aromaax, International, Bo International, Bunge Limited, Cargill Incorporated, Celebes Coconut Corporation, CIIF OMG, Connoils LLC, Greenville Agro Corporation, Hancole, Jiangxi Planty Manor Health Industry Co., Ltd., Mangga Dua, Novel Nutrients Pvt. Ltd., Rmayra Naturals, Royce Food Corporation, Shree Western G & C Ind., Sun Bionaturals Private Ltd, Tantuco Enterprises Inc.

Drivers: Increasing applications in cosmeceutical and personal care products
Coconut oil is use in cosmetics, as a moisturizer, and in soaps. Traditionally, coconut oil was used for treating illnesses and infections, promoting the growth of strong bones, healing wounds, and protecting the skin against. It has smoothing properties and textures so used in body butter, soaps, and salves. Coconut oil has excellent emollience to dry, itchy skin, and hair, suitable for sensitive, inflamed, and irritated skin.

Challenges:  Irregularity in the supply of raw materials
Coconut oil is produced from copra and fresh coconut meat. Being a naturally produced fruit in farms, coconut production is prone to diseases and floods, which decrease production. This could negatively impact the supply of copra and fresh coconut meat required to produce coconut oil. Studies have proved that coconut oil increases blood cholesterol, including harmful LDL, triglycerides. Due to its cholesterol-raising effects were comparable to other saturated fats; the oil should not be viewed as a heart-healthy food and should be limited in the diet.



Opportunities: Potential application as bio fuel
Bio fuel has similar properties to conventional diesel fuel. Coconut oil exhaust contains far less harmful emissions than that of conventional diesel exhaust. In Pacific countries coconut oil is used in transport and electricity generation. The adaptation of biofuel produced from coconut oil in diverse countries presents abundant opportunities for the coconut oil market.

Global Coconut Oil Market Segmentation: 

By Source: Based on the type of source, Global Coconut Oil Market segmented as; Dry coconut, Wet coconut.

By Product Type: Based on the product type, Global Coconut Oil Market segmented as; RBD, Virgin, Crude.

By Nature: Based on the nature, Global Coconut Oil Market segmented as; Conventional, Organic

By Application: Based on the application, Global Coconut Oil Market segmented as; Bakery & Confectionery, Beverages, Cosmetics & personal care products, Food & beverages, Nutritional products, Other applications, Other food & beverages, Pharmaceuticals, Snacks & Cereals.

By Region: India is one of the largest producers of coconuts in the world. Asia Pacific’s growth is credited to the increasing demand for natural products with health benefits. Large-scale production of coconut in countries like Philippines and Indonesia supports the growth of the region. 

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. COVID-19 Impact on the global Coconut Oil Market
4.4. Market Trends

5. Global Coconut Oil Market, By Source, 2019-2030 (USD Million)
5.1. Dry coconut
5.2. Wet coconut

6. Global Coconut Oil Market, By Product Type, 2019-2030 (USD Million)
6.1.  RBD
6.2.  Virgin
6.3.  Crude

7. Global Coconut Oil Market, By Nature, 2019-2030 (USD Million)
7.1. Conventional
7.2. Organic

8. Global Coconut Oil Market, By Application, 2019-2030 (USD Million)
8.1. Bakery & Confectionery
8.2. Beverages
8.3. Cosmetics & personal care products
8.4. Food & beverages
8.5. Nutritional products
8.6. Other applications
8.7. Other food & beverages
8.8. Pharmaceuticals
8.9. Snacks & Cereals

9. Global Coconut Oil Market, By Region, 2019-2030 (USD Million)
9.1. North America
9.2. Europe
9.3. Asia Pacific
9.4. Rest of the World 
9.5. Middle East
9.6. Africa

10. Competitive Landscape
10.1. Introduction
10.2. Market Share Analysis, By Key Players 
10.3. Competitive Scenario 
10.3.1. Product Launches
10.3.2. Partnerships, Collaborations and Agreements
10.3.3. Acquisitions
10.3.4. Expansions
10.3.5. Other Developments

11. Company Profiles
11.1. Adams Group
11.2. ADM
11.3. Aluan
11.4. Aromaax International
11.5. Bo International
11.6. Bunge Limited
11.7. Cargill Incorporated
11.8. Celebes Coconut Corporation
11.9. CIIF OMG
11.10. Connoils LLC
11.11. Greenville Agro Corporation
11.12. Hancole
11.13. Jiangxi Planty Manor Health Industry Co., Ltd.
11.14. Mangga Dua
11.15. Novel Nutrients Pvt. Ltd.
11.16. Rmayra Naturals
11.17. Royce Food Corporation
11.18. Shree Western G & C Ind.
11.19. Sun Bionaturals Private Ltd
11.20. Tantuco Enterprises, Inc.

12. Appendix


SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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