Coconut oil is made from the wick, flesh, and milk of the coconut palm fruit. It is white solid fat that melts at room temperature of about 25°C (78°F) in warmer locations. During the summer, it's a clear, thin liquid oil. The aroma of untreated varieties is strongly reminiscent of coconut. It is recycled as a cooking oil and in the manufacture of cosmetics and cleansers. Coconut oil has different amounts of saturated, monounsaturated, and polyunsaturated fats. The oil contains around 12 g of saturated fat. This equates to around 60% of the daily saturated fat intake recommended for individuals.
Coconut Oil Market Report Scope:
The Coconut Oil market has been studied at the regional and national levels. The study includes a segment- and region-specific analysis of the Coconut Oil market dynamics, including drivers, restraints, challenges, and opportunities. Because of the detailed market analysis, the report serves as an investor's guide.
A bottom-up approach has been employed to estimate the Coconut Oil market size. Secondary research identifies key players in the Coconut Oil market, and primary and secondary research determines their market revenues. Primary research included interviews with key opinion leaders and Coconut Oil industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals, while secondary research included a review of annual and financial reports from leading manufacturers. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Coconut Oil key players in the industry.
Coconut Oil Market Report Overview:
Stellar Market Research's new market intelligence report indicates lucrative growth for Coconut Oil Market suppliers in the forecast period through 2029. The market report includes the market's growth drivers, major restraints, upcoming challenges, and current opportunities.
Coconut Oil Market size was valued at US$ 2.92 Bn. in 2020. The Global Coconut Oil Market is estimated to grow at a CAGR of 7.3% over the forecast period
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Coconut Oil Market Regional Analysis:
Government actions and regulations in the industry fuel Coconut Oil Market growth in the region.The Coconut Oil market report includes market geography, market size and share, as well as in-depth research into the business network structure, opportunities, and news updates. The report covers all regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Coconut Oil Market Segmentation:
The market is classified into four applications: food industry, agriculture, cosmetics and personal care industry, and others. In 2020, the Food Industry Segment dominated the market with a 39.4% share. During the projected period, the coconut oil market is expected to grow due to rising consumer health consciousness and increased knowledge of the benefits of coconut RBD oil. Some of the health benefits of coconut oil include enhanced blood circulation, less inflammation, increased immunity, increased energy, and a lower risk of heart attack and stroke. Coconut RBD oil is commonly available in supermarkets and convenience stores.
However, the Cosmetics and Personal Care segment is predicted to increase at a CAGR of 3.5% during the projection period. Because of its emollient characteristics, coconut oil is a popular ingredient in cosmetics for moisturizing and softening skin and hair. Many anti-aging skincare products contain coconut oil, which is supposed to help with dandruff, dry and itchy scalp, dull hair, eczema, psoriasis, and dermatitis. This aspect is attributable to the expansion of the cosmetics and personal care category in the coconut oil market.
Convenience stores, Supermarkets, and E-Commerce are the market segments by Distribution Channel. In 2020, the Convenience Store segment held a 35.4% share of the market. The coconut oil market is experiencing increased demand as a result of rising disposable income and the growing popularity of coconut jams and spreads. People have fewer preferences for supermarkets since they are less effective when compared to other categories. The selection of coconut oil items is limited, however the store is open late for the convenience of customers in this category.
The E-Commerce segment, on the other hand, is predicted to increase at a CAGR of 5.4% during the projection period. As consumers become more health-conscious, there is an increasing market awareness of reduced connectivity. The preferences of consumers are rapidly changing to internet stores. Advanced commercial actions involving items and services are included in this category. This category experienced rapid content resolution, which is also a driving element for this segment.
Coconut Oil Market Key Players:
Greenville Agro Corporation (Philippines)
Samar Coco Products (Philippines)
Primex Group (U.S)
SC Global (Singapore)
Phidco (Belvedere, Zimbabwe)
PT.Indo Vegetable Oil (Indonesia)
P.T. Harvard Cocopro (Indonesia)
Naturoca (New York)
PT SIMP (Indonesia)
Sumatera Baru (India)
KPK Oils and Proteins (India)
Karshakabandhu Agritech (India)
Kalpatharu Coconut (India)
Prima Industries Limited (India)
Key Questions answered in the Coconut Oil Market Report are:
- What is Coconut Oil Market?
- What is the forecast period of the Coconut Oil Market?
- What are the Coconut Oil market segments?
- Which segment held the largest Coconut Oil market share?
- What will be the CAGR of the Coconut Oil market during the forecast period?
- What is the competitive scenario of the Coconut Oil market?
- What are the opportunities for the Coconut Oil Market?
- What are the factors restraining the Coconut Oil market growth?
- Which region held the largest market share in the Coconut Oil Market?
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of segments and sub-segments
- Competitive Landscape- Leading key players and other prominent key players.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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