Press release
World Organic Virgin Coconut Oil Market Overview, Top Manufacturers, Industry Growth Analysis and Forecast to 2022
Market Overview
Global Market for Organic Virgin Coconut Oil has witnessed continued demand during the last few years and is projected to reach USD 1.28 billion at a CAGR of 10.98% by 2022. Diverse application of virgin coconut oil in various industries owing to its nutritional value is likely to drive its market globally. Increasing demand of virgin coconut oil based on its application in personal care products and healthcare products is projected to propel the growth of this market. Increasing production of virgin coconut oil in the Philippines and Indonesia is influencing the market growth since the last few years.
Asia Pacific will dominate the organic virgin coconut oil market (in terms of value and volume both) with more than 90% of the market share and it is estimates more than USD 660 million in the year 2016. Production of organic virgin coconut oil from America is projected witness a high growth rate of 15.33% during the given period owing to rising production capacity of organic virgin coconut oil in various Mexico and Venezuela. Rising demand for organic food ingredients has also been playing a key role in the growth of the global organic virgin coconut oil market from last few years. Furthermore, high demand for healthy chemical-free food essence has increased the sale of organic virgin coconut oil on the global level owing to its unadulterated nature.
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By Downstream Analysis
Potential applications of organic virgin coconut oil in personal care industries have a positive impact on its market share growth. Based on the application, health care application segment will experience the highest growth rate followed by food & beverages. Personal and health care products application together accounts more than 82% of market share during the year 2016. Many key players are diversifying the product portfolio in health care application as virgin coconut oil due to its antibacterial, antifungal and anti-inflammatory properties. It also helps to prepare antibodies which boost the immune system.
Competitive Analysis
The major key players in organic Virgin Coconut Oil are:
• Earth Born Co.,Ltd. (Thailand)
• Vita Coco (U.S.)
• Farm Direct Coconuts (U.S.)
• Nutiva, Inc. (U.S.)
• Celebes Coconut Corporation (Philippines)
• Greenville Agro Corporation (Philippines)
• Parker Biotech Private Ltd (India)
Key players are focused majorly on acquisition of small players to expand their business and penetrate the global organic virgin coconut oil market. Expansion and R & D investments are also the major strategies followed by the players. Expansion will help in capturing the major market and increasing the production capacity to meet the rising demand from consumer’s end thereby further contributing to increasing revenue. Acquisition and expansions are evaluated to be contributing to more than 55% of strategy share and is facilitating the companies to penetrate the potential market across the globe.
Regional Analysis
Among the regions, Asia Pacific will dominate the organic virgin coconut oil market with more than 90% of the market share and it is projected to reach more than USD 1,247 million by 2022. America will witness the highest growth rate (~15.33%) during the forecast period 2016-2022. Growing popularity of organic virgin coconut oil owing to its widespread applications in personal care products and food and beverages is supporting its market growth on the global level. Rising health awareness and increasing health concerns have been playing a key role in the organic virgin coconut oil growth from the last few years.
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Table of Contents
1 EXECUTIVE SUMMARY
2 INTRODUCTION
3 RESEARCH METHODOLOGY
4 PREMIUM INSIGHTS
5 MARKET DYNAMICS
6 MARKET FACTOR ANALYSIS
7 GLOBAL ORGANIC AND CONVENTIONAL VIRGIN COCONUT OIL MARKET OVERVIEW
8 AMERICA ORGANIC AND CONVENTIONAL VIRGIN COCONUT OIL MARKET OVERVIEW
9 AFRICA ORGANIC AND CONVENTIONAL VIRGIN COCONUT OIL MARKET OVERVIEW
10 ASIA PACIFIC ORGANIC AND CONVENTIONAL VIRGIN COCONUT OIL MARKET OVERVIEW
Continued…..
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