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Strategic Partnerships and Introduction of Cold Press Technology Propel Coconut Oil Market Growth - Projected to Attain $7.03 Billion by 2028
Coconut Oil Global Market Report 2024
The coconut oil market has surged from $4.61 billion in 2023 to $5.03 billion in 2024, boasting a remarkable 9.2% compound annual growth rate (CAGR). With an anticipated CAGR of 8.7%, the market is projected to reach $7.03 billion by 2028, reflecting sustained momentum.
Drivers: Increasing Demand For Personal Care And Cosmetic Products
The escalating demand for personal care and cosmetic products is a pivotal driver for the coconut oil market. Its natural moisturizing properties make it a sought-after ingredient in skincare and haircare. Recent data from the International Trade Administration and Automat.ai underscore the market's growth, aligning with the rising sales of beauty and personal care products globally.
Drivers: Growth In Prevalence Of Hair Loss
The rising prevalence of hair loss propels the coconut oil market, given its efficacy in enhancing hair and scalp health. Statistics from the American Hair Loss Association emphasize the widespread issue of androgenetic alopecia, positioning coconut oil as a solution to address hair loss concerns.
Explore the Global Coconut Oil Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7045&type=smp
Key Players:
Major players shaping the coconut oil market include Archer Daniels Midland Company, Greenville Agro Corporation, Libra Bioscience Pvt Ltd., Bunge Ltd., and Cargill Incorporated.
Trends: Strategic Partnerships Is A Key Trend
Strategic partnerships characterize a key trend in the coconut oil market. Collaborative efforts, such as the partnership between CocoTherapy and Matrix Partner, exemplify initiatives to leverage resources and expand market reach, reflecting a strategic approach to enhance brand presence.
Trends: Introduction Of Cold Press Technology Products
An emerging trend in the coconut oil market is the introduction of products using cold press technology. Companies like Dabur India Ltd. adopt this method to extract coconut oil, preserving its natural goodness. This gentle process, seen in products like Dabur's Virgin Coconut Oil, ensures the retention of essential nutrients and antioxidants, catering to the growing consumer preference for natural options.
Region Info: Western Europe Leads in 2023
In 2023, Western Europe led the coconut oil market. The report covers regions including Asia-Pacific, Eastern Europe, North America, South America, and the Middle East and Africa.
Segments:
The coconut oil market covered in this report is segmented -
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
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/coconut-oil-global-market-report
Coconut Oil Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Coconut Oil Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on coconut oil market size, market drivers and trends, coconut oil market major players, competitors' revenues, market positioning, and market growth across geographies. The coconut oil market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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