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Virgin Coconut Oil Market Research Report - Global Forecast till 2030

Virgin Coconut Oil Market Global Research Report by Category (Organic and Conventional), Packaging Type (Bottles & Jars, Pouches and others), Distribution Channel (Store-Based (Hypermarkets & Supermarkets, Convenience Stores and others) Non-Store-Based) and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2030

ID: MRFR/F-B & N/2786-HCR | December 2022 | Region: Global | 110 Pages         

Virgin Coconut Oil Market

Virgin Coconut Oil is projected to reach roughly USD 1.95 Billion by 2030, enlisting a considerable CAGR of 9.32% during the estimated time frame, 2022-2030.

Segmentation

By Category Organic Conventional
By Packaging Type Bottles & Jars Pouches
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Rest of the World

Key Players

  • Hain Celestial Group
  • Barlean's Organic Oils LLC
  • Nutiva
  • Inc.
  • Mahavir Coconut Industries (MaxCare VCO)

Drivers

  • Rising health consciousness
  • High nutritional benefits
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Virgin Coconut Oil Market Overview


The price of the Virgin Coconut Oil market is expected to grow unevenly at the value of USD 1.95 Billion by estimated the year 2030, procuring a substantial CAGR of 9.32% throughout the projected time frame of the year 2022 to 2030. The unpolished coconut oil, collected from a dried coconut with the help of the expeller-squeezing method, is mainly termed virgin coconut oil. The substantial factor operating the progress of the international virgin coconut oil market is the boosting interest for virgin coconut oil for several valuable purposes in the household or business. The emerging interest between the shoppers in the direction of virgin coconut oil over higher and drier than refined coconut oil, as it is developed through expeller-squeezing, catalysing the application of virgin coconut oil all over the globe. Increasing well-being doubts among the international people are considered a useful aspect that increases the demand for virgin coconut oil. However, the regional availability of coconuts as a basic material is operating business segment players to depend on great import quantity of coconut, which has increased a hike in the trade prices of virgin coconut oil. However, high virgin coconut oil at the sprouts farmers' market hinders the market growth, mainly in agricultural countries.


The important factor operating the progress of the international virgin coconut oil market is boosting the curiosity for virgin coconut oil for various determinations among the residents or businesses. The emerging claim for virgin coconut oil over refined coconut oil is operating the market growth. 


COVID 19 Analysis


Under COVID-19 pandemic situation, the global demand for virgin coconut oil gives 360 levels of examination from a deft chain, import, and admission control to common government methodology and future effect on the business. Organized examination about market status, adventure competition model, focal points and preventions of huge business things, industry improvement designs, regional present-day design credits and macroeconomic methodologies, mechanical course of action has similarly been consolidated. Virgin Coconut Oil Market from unrefined materials to end customers of this industry are destitute down deductively, the examples of Virgin Coconut Oil Market thing course and arrangements channel will be presented as well. Considering COVID-19, this report gives a sweeping and thorough examination of how it pushes this industry change.


Market Dynamics


Major Drivers of the Market


The significant determinant driving the development of the worldwide virgin coconut oil market is the flooding interest for virgin coconut oil for effective purposes at residents or businesses. The developing demand for virgin coconut oil than refined coconut oil all over is pushing the market for its growth. It is acquired through expeller-squeezing, is additionally catalyzing the utilization of being virgin coconut oil industry demand in India.


Significant Opportunities For The Market


High costs of virgin coconut oil are required to hamper market development, particularly in agricultural nations. Seller’s dynamic in the worldwide virgin coconut oil industry is required to observe development openings during a very long time because of the expanding number of government drives and technical headways in the market.


Market Restraints


The drivers and restrictions are characteristic components, while opportunities & challenges are outward factors of the market. The Global Virgin Coconut Oil Market study gives an attitude toward the advancement of the market as far as income all through the visualization period.


Market Growth Challenges


The expanding interest in feeding way of life and expanding admission of omega unsaturated fat will provoke more interest and more freedoms for coconut oil producers to go into this business. Deficient creation of coconut oil and well absence of interest from modern areas may be prone to hamper the development of the market in the future.


Cumulative Growth Analysis


High costs of coconut oil market size are required to hamper market development, particularly in agricultural nations. Sellers' dynamic in the worldwide virgin coconut oil industry is relied upon to observe development openings during the impending a very long time because of the expanding number of government drives and innovative headways.


Segment Overview


The Global Virgin Coconut Oil Market is divided based on Type, application, and geology.


by Type


In view of type, the market is bifurcated into Organic and In-natural. Natural represented the biggest portion of the overall industry in 2020. The popularity for better and nutritious food and an absence of nutrients in food because of quick environmental change are the significant development drivers for the natural virgin coconut oil market.


by Application


Based on application, the global coconut oil market trends have been fragmented into Beauty and Cosmetics, Food and Beverages, Pharmaceuticals, and Others. Excellence and Cosmetics represented the biggest piece of the pie in 2020. VCO applications in close-to-home consideration and beautifiers, for example, hair care items and skincare items, have given the route to the development of the virgin coconut oil market.


by Geography


Based on a local examination, the Global Virgin Coconut Oil Market is grouped into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is required to hold the biggest piece of the pie of the virgin coconut oil market over the figure time frame, followed by Europe. Asia-Pacific has a critical presence of assembling organizations of virgin coconut oil, including Edward and Sons Trading Company, MaxCare, Greenville Agro Corporation, and some more. The utilization of VCO for cooking purposes in nations, for example, in China, India, and Japan, is probably going to expand the interest around here.


Regional Analysis


Asia-Pacific is projected to rule the worldwide natural coconut oil demand and supply in 2020 and hold its predominance all through the figure period. A high inclination for virgin coconut oil in culinary utilize followed by expanding mindfulness for natural items is driving the development of natural virgin coconut oil in Asia-Pacific. In addition, Asia-Pacific is projected to be the quickest developing territorial market during the gauge time frame. North America likewise represents a generous offer in the worldwide natural virgin coconut oil industry. The US is projected to be a significant supporter of the development of the North American natural virgin coconut oil market. Developing interest in natural fixings among the European populace is affecting the development of the natural virgin coconut oil industry.


Competitive Landscape


The "Worldwide Virgin Coconut Oil Market" study report will give a significant knowledge an accentuation on the worldwide market including a portion of the significant players: -



  • Hain Celestial Group

  • Barlean's Organic Oils LLC

  • Nutiva, Inc.

  • Mahavir Coconut Industries (MaxCare VCO)

  • Others


Our market examination likewise involves a segment exclusively committed to such significant players wherein our investigators give knowledge into the budget reports of the multitude of significant players, alongside its item benchmarking and SWOT examination. The serious scene segment additionally incorporates key improvement methodologies, a portion of the overall industry, and market positioning investigation of the previously mentioned players worldwide.


Recent Developments


In 2021, the global Islamic University of Malaysia researchers launched a dental lacquer and mouthwash made of up virgin coconut oil to prevent any kind of oral health issues. The product is processed as a natural alternative to chemical mouthwash, which is suitable for all age groups.


Report Overview


The global virgin coconut oil market outlook or overview is as follows:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This report has a clear focus upon highlighting the growth aspects of the global virgin coconut oil market. Along with that, this report also intends to put up the competitive landscape and recent developments on the table to explain the position of this global market.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1.95 Billion (2030)
  CAGR   9.32% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Category, Packaging Type, Distribution Channel and region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Barleanโ€™s (US), Hain Celestial Group (US), Nutiva Inc. (US), Carrington Farms (US), La Tourangelle (US), Celebes Coconut Corporation (Philippines), Greenville Agro Corporation (Philippines), SC Global Coco Products, Inc (Philippines), Naturoca (Indonesia), Farmerindia (India), Viva Naturals (Canada), Garden of Life LLC (US), Naturoca (Indonesia), PT. Harvard Cocopro (Indonesia)and Jarrow Formulas, Inc. (US)
  Key Market Opportunities   demand for virgin coconut oil than refined coconut oil
  Key Market Drivers

  • Rising health consciousness.
  • high nutritional benefits


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    Frequently Asked Questions (FAQ) :

    Virgin coconut oil market is projected to grow at a 9.32% CAGR between 2022-2030.

    The Asia Pacific is expected to dominate the virgin coconut oil market.

    Virgin coconut oil market is predicted to touch USD 1.95 billion by 2030.

    Risig health consciousness and high nutritional benefits are the key factors driving the virgin coconut oil market.

    High prce may limit the virgin coconut oil market growth.