Coconut Oil Market Will Generate Record Revenue by 2029

The global Coconut Oil market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. An increase in the occurrence of health disorders, numerous medical benefits and fitness awareness among consumers is also boosting the market growth. During the COVID-19 pandemic in 2020, internet retail sales in the United Kingdom soared considerably, as they did in many other European countries. For example, over the last year, online grocery store Ocado boosted its revenues by 35%, from 1.62 billion pounds in fiscal 2019 to 2.19 billion pounds in fiscal 2020. The United Kingdom's desiccated coconut import volume in 2020 was 15.5 thousand tonnes, worth $30 million, which is equivalent to 13% of total European imports. One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:

In November 2021, Bunge intends to construct a cutting-edge, environmentally friendly manufacturing facility at the Port of Amsterdam. It will allow the company to offer a more diverse and innovative range of sustainable plant-based oils and fats.
In August 2021, Nutiva, a pioneer of the organic plant-based food movement with its portfolio of USDA Certified Organic and Non-GMO Project Verified cooking oils and superfoods, announced the acquisition of Coconut Secret, the leading brand of Coconut Aminos, from Leslie's Organics, LLC. Coconut Secret has established itself as the market leader in the soy-free Asian sauces area, which it pioneered in 2009 with the launch of Coconut Aminos, the first soy-free, low-sodium soy sauce substitute. Through the acquisition of Coconut Secret, Nutiva strengthens its position as the market leader in the coconut category and expand its business.
In February 2020, Bunge Limited has introduced a new line of goods aimed at simulating the flavour, texture, and cooking experience of meat. Specialty fat fractions, shortenings, flakes, and emulsifiers based on high-stability sunflower, canola, coconut, and palm fruit oils are included in this range.

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Type
By Source
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Adani Group, Cargil, Incorp., Greenville Agro Corp., Marico, Windmill Organics, and others. 

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Coconut Oil Market Report Segment

By Type

RBD
Virgin 
Crude

By Type

Wet Coconut 
Dry Coconut

By Application

Food & Beverages
Cosmetics & Personal care
Pharmaceuticals
Others

Coconut Oil Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

ADM 
Aluan 
Aromaax International 
Barlean's
BO International
Bunge Ltd.
Celebes Coconut Corp.
CIIF OMG 
Connoils LLC 
Edward & Sons Trading Co
Greenville Agro Corp. 
Hancole
iTi Tropicals Inc.
Jax Coco
Jiangxi Planty Manor Health Industry Co., Ltd.
Mangga DUA 
Naturoca
NMK Holdings Private Ltd.
Novel Nutrients Pvt. Ltd. 
Nutiva Inc.
Rmayra Naturals 
Royce Food Corp. 
Shree Western G & C Ind.
Sun Bionaturals Private Ltd 
Tantuco Enterprises, Inc. 
The Hain Celestial Group

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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