DUBLIN--(BUSINESS WIRE)--The "Global Virgin Coconut Oil Market By Type (Organic & Inorganic), By Application (Direct Consumption and Industrial Consumption), By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The global virgin coconut oil market stood at $ 2.7 billion in 2018 and is projected to grow at a CAGR of over 9% during the forecast period to reach $ 4.7 billion by 2024, on the back of increasing investments in the industry.
This influx of investments is supporting market players to increase their production capabilities and to cater to the rising demand for coconut oil across the globe. Coconut is a widespread plantation and is grown in more than 80 countries. The world production of coconut is estimated at around 55 million tons annually. Coconut oil has significant use in the toiletry, food and various industrial sectors.
Increasing adoption of virgin coconut oil in various end-use applications such as in the food & beverages sector, on account of the increasing demand for virgin coconut oil in various food products, is a key factor expected to drive the global virgin coconut oil market. In addition, growing perception about virgin coconut oil being healthier than other oils among the general population in developed and developing economies is further fueling growth of the global virgin coconut oil market. The increasing demand for virgin coconut oil in the food industry is anticipated to give a major boost to the global virgin coconut oil market, as more companies are shifting their preferences to the food sector.
In terms of application, the global virgin coconut oil market has been categorized into direct and indirect consumption. Among the applications, the cosmetics & personal care segment of indirect consumption is expected to register significant growth in the coming years, on account of rising awareness about benefits of using coconut oil for healthier skin.
Asia-Pacific dominated the global virgin coconut oil market in 2018 and is anticipated to maintain its dominating position during the forecast period as well, owing to huge production of coconut in the region. The region is also the largest exporter of coconut oil to other geographical regions. With the growing global demand for virgin coconut oil, the market players are finding it difficult to bridge the gap between high demand from consumers. Various governments in the region are extending technological support to the players to improve their production capabilities.
The global virgin coconut oil market is highly fragmented, due to the presence of numerous small and large vendors. Moreover, the market is subject to rapidly changing consumer demands and preferences.
Some of the leading players in the global virgin coconut oil market are Sun Bio Naturals, Nutiva, Inc., NMK Holdings Private Limited, Greenville Agro Corporation, iTi Tropicals Inc., The Hain Celestial Group, Edward & Sons Trading Co, Barlean's, Jax Coco and Naturoca.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the global virgin coconut oil market size.
- To classify and forecast the global virgin coconut oil market based on type, application, distribution channel and regional distribution.
- To identify drivers and challenges for the global virgin coconut oil market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global virgin coconut oil market.
- To conduct the pricing analysis for the global virgin coconut oil market.
- To identify and analyze the profile of leading players operating in the global virgin coconut oil market.
Key Target Audience:
- Virgin coconut oil manufacturers, suppliers, distributors and other stakeholders
- Virgin coconut oil raw material suppliers
- Potential investors
- Organizations, forums and alliances related to the virgin coconut oil market
- Research organizations and consulting companies
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer/Customer Insights
4.1. Brand Recognition
4.2. Factors Considered Before Purchase
4.3. Present Vendor
4.4. Satisfaction With Vendor
4.5. Net Promoter Score
5. Global Virgin Coconut Oil Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Organic and Inorganic)
5.2.2. By Application (Direct Consumption & Industrial Consumption (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals))
5.2.3. By Distribution Channel (Store-based Retail and Internet Retail)
5.2.4. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)
5.2.5. By Company (2018)
5.3. Market Attractiveness Index (By Type, By Application and By Distribution Channel)
6. Asia-Pacific Virgin Coconut Oil Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Application
6.2.3. By Distribution Channel
6.2.4. By Country
6.3. Asia-Pacific: Country Analysis
6.3.1. India Virgin Coconut Oil Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Distribution Channel
6.3.1.3. Pricing Analysis
6.3.2. China Virgin Coconut Oil Market Outlook
6.3.3. Thailand Virgin Coconut Oil Market Outlook
6.3.4. Australia Virgin Coconut Oil Market Outlook
6.3.5. Japan Virgin Coconut Oil Market Outlook
7. North America Virgin Coconut Oil Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
7.2.3. By Distribution Channel
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Virgin Coconut Oil Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Distribution Channel
7.3.1.3. Pricing Analysis
7.3.2. Canada Virgin Coconut Oil Market Outlook
7.3.3. Mexico Virgin Coconut Oil Market Outlook
8. Europe Virgin Coconut Oil Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By Distribution Channel
8.2.4. By Country
8.3. Europe: Country Analysis
8.3.1. Netherlands Virgin Coconut Oil Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Distribution Channel
8.3.1.3. Pricing Analysis
8.3.2. France Virgin Coconut Oil Market Outlook
8.3.3. Russia Virgin Coconut Oil Market Outlook
8.3.4. Germany Virgin Coconut Oil Market Outlook
8.3.5. United Kingdom Virgin Coconut Oil Market Outlook
8.3.6. Italy Virgin Coconut Oil Market Outlook
9. Middle East & Africa Virgin Coconut Oil Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Application
9.2.3. By Distribution Channel
9.2.4. By Country
9.3. MEA: Country Analysis
9.3.1. Saudi Arabia Virgin Coconut Oil Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Distribution Channel
9.3.1.3. Pricing Analysis
9.3.2. UAE Virgin Coconut Oil Market Outlook
9.3.3. South Africa Virgin Coconut Oil Market Outlook
9.3.4. Qatar Virgin Coconut Oil Market Outlook
10. South America Virgin Coconut Oil Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
10.2.3. By Distribution Channel
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Virgin Coconut Oil Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Distribution Channel
10.3.1.3. Pricing Analysis
10.3.2. Argentina Virgin Coconut Oil Market Outlook
10.3.3. Colombia Virgin Coconut Oil Market Outlook
11. Market Dynamics
11.1. Drivers/Opportunities
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles (Top 10 Companies)
13.2.1.1. Sun Bio Naturals
13.2.1.2. Nutiva, Inc.
13.2.1.3. NMK Holdings Private Limited
13.2.1.4. Greenville Agro Corporation
13.2.1.5. iTi Tropicals Inc.
13.2.1.6. The Hain Celestial Group
13.2.1.7. Edward & Sons Trading Co
13.2.1.8. Barlean's
13.2.1.9. Jax Coco
13.2.1.10. Naturoca
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/olnytw
