Press release
Coconut Oil Market to Witness Robust Expansion by 2023
Coconut oil, or copra oil, is an edible oil extracted from the kernel or meat of mature coconuts harvested from the coconut palm.
The coconut trees are widely distributed in in the Philippines, Indonesia, India, Sri Lanka and Malaysia, etc. Especially in Philippines, Indonesia, and India, the coconut production account more than 70 percent for the global production. Therefore, the coconut oil production also distribute in these countries.
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Global Coconut Oil Market: Forecast by Type / Application / Region
Philippines are adding planting area of coconut trees, and A few years later, the coconut products production will increase. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in coconut oil market will become more intense.
Almost all coconut oil products in China are imported from other countries, such as Philippines, Indonesia. On a global scale, currently coconut oil industry is in the state of production and sales booming.
Over the next five years, LPI(LP Information) projects that Coconut Oil will register a 4.5% CAGR in terms of revenue, reach US$ 4900 million by 2023, from US$ 3760 million in 2017.
Global Coconut Oil Market: Key Players
Tantuco Enterprises
Greenville Agro Corporation
Samar Coco Products
CIIF OMG
Primex Group
SC Global
Phidco
PT.Indo Vegetable Oil
P.T. Harvard Cocopro
Naturoca
PT SIMP
Sumatera Baru
KPK Oils & Proteins
Karshakabandhu Agritech
Kalpatharu Coconut
Prima Industries Limited
Kerafed
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Related Information:
United States Coconut Oil Market Research Report 2018
Europe Coconut Oil Market Research Report 2018
North America Coconut Oil Market Research Report 2018
Asia-Pacific Coconut Oil Market Research Report 2018
China Coconut Oil Market Research Report 2018
EMEA Coconut Oil Market Research Report 2018
Global Coconut Oil Market Research Report 2018
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