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coconut oil market, coconut oil market size, coconut oil market forecast, coconut oil market analysis, coconut oil market demand, coconut oil market share.
What is the Anticipated Market Size and Growth Outlook for the Global Coconut Oil Market?
The robust growth of the coconut oil market is evident, with its size growing from $5.03 billion in 2024 to an estimated $5.49 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. Factors driving this strong performance include its culinary usage, health and wellness, cosmetic and personal care applications, offering non-genetically modified and organic options, and traditional and cultural practices.
Furthermore, predictions suggest a continued upward trajectory for the market. Forecasts indicate growth to $7.61 billion in 2029 at a CAGR of 8.5%, driven by increased uptake in plant-based and vegan diets, usage in functional food and beverage, clean beauty and natural cosmetic applications, sustainable sourcing and production methods, and medical and therapeutic applications. The popularity of MCT oil and coconut-based dairy alternatives, hair and scalp treatments, aromatherapy, and wellness oil are some major trends expected to propel the market forward.
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What are The Key Drivers Propelling Growth in The Coconut Oil Market?
A key driver boosting the growth of the coconut oil market is the increased demand for personal care and cosmetic products. As a natural moisturizer, coconut oil serves in hydrating and nourishing skin and hair, making it an ideal ingredient in lotions, creams, and hair conditioners. The scale of coconut oil use in the personal care industry is considerable, contributing roughly $31.23 billion (€29 billion) annually to the European economy.
Which Segments of The Coconut Oil Market Showed The Most Growth?
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
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Which Companies Lead In The Coconut Oil Market Space?
Prominent players in the coconut oil market include 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., 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.
What Trends Are Shaping The Coconut Oil Market Landscape?
Strategic partnerships are becoming an increasingly important trend in the coconut oil market. These partnerships allow companies to leverage each other’s resources and penetrate new markets. A case in point is the April 2022 partnership between CocoTherapy and Matrix Partners aimed at ramping up CocoTherapy’s Facebook presence and improving engagement with its target audience.
Which Regions Lead In The Global Coconut Oil Market?
Western Europe was the dominant region in the coconut oil market in 2024. The coconut oil market report also covers other regions such as Asia-Pacific, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Coconut Oil Market Report 2025 Offer?
Coconut oil, obtained from the fruit of the tropical coconut palm tree (Cocos nucifera), is renowned for its high saturated fat content, making it highly resistant to oxidation and rancidity. Coconut oil is utilized to reduce belly fat, prevent heart disease, curb appetite, boost the immune system, and stave off dementia and Alzheimer’s disease. The Coconut Oil Market research report from The Business Research Company offers insights on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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