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Coconut Oil Market 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Archer Daniels Midland Company, Greenville Agro Corporation, Libra Bioscience Pvt Ltd., Bunge Ltd
Coconut Oil Global Market Report
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Coconut Oil industry. This report on Coconut Oil market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The coconut oil market size has grown strongly in recent years. It will grow from $4.61 billion in 2023 to $5.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to culinary usage, health and wellness, cosmetic and personal care applications, non-gmo and organic option, traditional and cultural practice. The coconut oil market size is expected to see strong growth in the next few years. It will grow to $7.03 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
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Key Market Players:
Archer Daniels Midland Company, Greenville Agro Corporation, Libra Bioscience Pvt Ltd., Bunge Ltd., Cargill Incorporated, Wichy Plantation Company (Pvt) Ltd., Adani Group, Windmill Organics Ltd., Hain Celestial Group Inc., PT. Harvard Cocopro, Royce Food Corporation, Marico Ltd., Nutiva Inc., Dr. Bronner's, Kirkland's Inc., Parachute Naturalz, Golden Barrel, Spectrum Essentials, Dignity Coconuts, Harin Bio-Tech International Private Limited, Sakthi Exports, Aluan, Bo International, Shree Western G & C Ind., Jiangxi Planty Manor Health Industry Co. Ltd., HanCole Group, NMK Holdings Private Limited, K.K.P.Industries, Manchiee De Coco, Nature Pacific Pty Ltd., Cocomate, Genius Nature Herbs Pvt Ltd., Keratech Coconut Oil Pvt Ltd., Jedwards International Inc., Sun Bionaturals (India) Private Limited, Pureoilsindia, Nature's Oil, Cornitos, KPL Oil Mills (P) Ltd.
Market Drivers:
According to the Coconut Oil Market Report 2024 by The Business Research Company, the key factors driving the growth of the Coconut Oil market, includes the increase in Increasing demand for personal care and cosmetic products is expected to propel the growth of the coconut oil market going forward. Personal care and cosmetic products refer to a wide range of consumer products that are applied to various external parts of the body, such as skin, hair, nails, lips, external genital and anal areas, teeth, and mucous membranes. Coconut oil is a natural moisturizer that can be used to hydrate and nourish the skin and hair. It is used in lotions, creams, and hair conditioners to provide deep hydration and improve the texture of the skin and hair.
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Market segments for Coconut Oil include:
1) By Product: Virgin Coconut Oil, Coconut RBD Oil
2) By Price Point: Mass, Premium
3) By Distribution: Direct Distribution, Convenience Stores, Modern Trade Units, E-Commerce, Others Distributions
4) By Application: Food Industry, Agriculture, Cosmetics And Personal Care Industry, Chemical Industry, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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