Coconut Oil Market - Global Coconut Oil Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Nature Coverage, By Product Type Coverage, By End User Coverage, By Geographic Coverage and By Company)

Coconut Oil Market - Global Coconut Oil Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Nature Coverage, By Product Type Coverage, By End User Coverage, By Geographic Coverage and By Company)


The global coconut oil market is poised for significant growth in the coming years, driven by changing consumer preferences, increasing health consciousness, and expanding applications in various industries. According to a comprehensive analysis conducted by Fairfield Market Research, the market size is projected to reach US$9.1 billion by 2030, marking a substantial increase from US$5.9 billion attained in 2023. This press release delves into the key trends, growth determinants, challenges, regional dynamics, and the competitive landscape shaping the future of the coconut oil market.

Changing Consumer Preferences and Health Consciousness Drive Market Expansion

One of the primary drivers of the coconut oil market's growth is the evolving tastes of consumers and societal patterns. As consumers become increasingly health-conscious, there is a growing preference for healthier food choices, including coconut oil. The shift towards functional foods and beverages, coupled with the perceived health benefits of coconut oil, has propelled its market growth significantly.

Key Trends and Growth Determinants

Several key trends and growth determinants are shaping the trajectory of the coconut oil market:
• Demand for Tasteless and Odourless Coconut RBD Oil: The use of refined, bleached, and deodorized (RBD) coconut oil is on the rise, particularly in the food and beverage industry. With its medium-chain triglycerides (MCTs) composition, coconut RBD oil provides steady energy and numerous health benefits. Its neutral flavor and high smoke point make it an ideal choice for cooking and baking applications.
• Perceived Health Advantages of Virgin Coconut Oil (VCO): Virgin coconut oil (VCO) is gaining popularity among health-conscious consumers due to its rich content of good fats, vitamins, minerals, and antioxidants. As a result, its usage has expanded beyond culinary applications to include pharmaceuticals and medical supplies.
• Rising Consumer Spending on Functional Foods and Beverages: Coconut oil's distinctive flavor and aroma have made it a sought-after ingredient in functional foods and beverages. It aligns with the growing demand for healthier food options and is commonly used in various diet trends such as paleo and keto. The increasing consumer awareness of nutrition and physical wellness further drives the demand for functional food products containing coconut oil.

Challenges and Regional Dynamics

Despite the promising growth prospects, the coconut oil market faces certain challenges:
• Availability of Substitutes for Virgin Coconut Oil: Several alternative oils, such as canola, sunflower, almond, and olive oil, offer similar nutritional profiles to virgin coconut oil. This poses a challenge to the market's expansion, as consumers may opt for alternatives fortified with essential elements. Additionally, Europe's heavy reliance on imported coconuts and coconut oils may impede market growth.
• Unpredictability in Raw Material Supply: Coconut oil production relies on fresh coconut meat and copra, both of which are susceptible to natural disasters and fluctuations in supply. Unpredictable weather patterns, including intense rain and drought, can adversely affect coconut production, leading to supply shortages and price volatility.

Regional Frontrunners

The regional dynamics of the coconut oil market are as follows:
• Asia Pacific: The Asia Pacific region is expected to dominate the global coconut oil market, driven by increasing awareness of its potential health benefits. Many consumers in Asia Pacific value natural remedies and traditional health practices, contributing to the rising demand for coconut oil products.
• Europe: Europe is experiencing significant growth in the coconut oil market, fueled by a growing emphasis on health and wellness. As consumers prioritize healthier lifestyles, there is a rising demand for natural and functional ingredients like virgin coconut oil.

Leaders in the Global Coconut Oil Space

The global coconut oil market is characterized by a few major players striving to enhance their market presence through innovation and strategic partnerships. Some of the key players in the industry include:
• Archer Daniels Midland Company
• Bunge Limited
• Ruchi Soya Industries
• Adani Wilmar
• Associated British Foods
• Cargill Inc.
• Adams Group Inc
• American Vegetable Oil Inc.
• Phidco
• SC Global
• Oleo-Fats Incorporated

Global Coconut Oil Market is Segmented as Below:

By Nature:
• Conventional
• Organic

By Product Type:
• Virgin
• Refined
• Crude

By End-use Industry:
• Food and Beverages
• Pharmaceutical
• Cosmetics and Personal Care
• Household/Retail
• Others

By Geographic Coverage:
• North America

o U.S.

o Canada
• Europe

o Germany

o U.K.

o France

o Italy

o Turkey

o Russia

o Rest of Europe
• Asia Pacific

o China

o Japan

o South Korea

o India

o Southeast Asia

o Rest of Asia Pacific
• Latin America

o Brazil

o Mexico

o Argentina

o Rest of Latin America
• Middle East & Africa

o GCC

o South Africa

o Egypt

o Nigeria

o Rest of Middle East & Africa

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.


1. Executive Summary
1.1. Global Coconut Oil Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Coconut Oil Market Outlook, 2018 - 2030
3.1. Global Coconut Oil Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Virgin
3.1.1.2. Refined
3.1.1.3. Crude
3.2. Global Coconut Oil Market Outlook, by Nature, Value (US$ Mn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Conventional
3.2.1.2. Organic
3.3. Global Coconut Oil Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. Food and Beverages
3.3.1.2. Pharmaceutical
3.3.1.3. Cosmetics and Personal Care
3.3.1.4. Household/ Retail
3.3.1.5. Others
3.4. Global Coconut Oil Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Coconut Oil Market Outlook, 2018 - 2030
4.1. North America Coconut Oil Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Virgin
4.1.1.2. Refined
4.1.1.3. Crude
4.2. North America Coconut Oil Market Outlook, by Nature, Value (US$ Mn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Conventional
4.2.1.2. Organic
4.3. North America Coconut Oil Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. Food and Beverages
4.3.1.2. Pharmaceutical
4.3.1.3. Cosmetics and Personal Care
4.3.1.4. Household/ Retail
4.3.1.5. Others
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Coconut Oil Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
4.4.1. Key Highlights
4.4.1.1. U.S. Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
4.4.1.2. U.S. Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
4.4.1.3. U.S. Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
4.4.1.4. Canada Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
4.4.1.5. Canada Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
4.4.1.6. Canada Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Coconut Oil Market Outlook, 2018 - 2030
5.1. Europe Coconut Oil Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Virgin
5.1.1.2. Refined
5.1.1.3. Crude
5.2. Europe Coconut Oil Market Outlook, by Nature, Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Conventional
5.2.1.2. Organic
5.3. Europe Coconut Oil Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Food and Beverages
5.3.1.2. Pharmaceutical
5.3.1.3. Cosmetics and Personal Care
5.3.1.4. Household/ Retail
5.3.1.5. Others
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Coconut Oil Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. Germany Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
5.4.1.2. Germany Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
5.4.1.3. Germany Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.4.1.4. U.K. Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
5.4.1.5. U.K. Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
5.4.1.6. U.K. Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.4.1.7. France Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
5.4.1.8. France Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
5.4.1.9. France Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.4.1.10. Italy Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
5.4.1.11. Italy Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
5.4.1.12. Italy Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.4.1.13. Turkey Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
5.4.1.14. Turkey Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
5.4.1.15. Turkey Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.4.1.16. Russia Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
5.4.1.17. Russia Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
5.4.1.18. Russia Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.4.1.19. Rest of Europe Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
5.4.1.20. Rest of Europe Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
5.4.1.21. Rest of Europe Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Coconut Oil Market Outlook, 2018 - 2030
6.1. Asia Pacific Coconut Oil Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Virgin
6.1.1.2. Refined
6.1.1.3. Crude
6.2. Asia Pacific Coconut Oil Market Outlook, by Nature, Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Conventional
6.2.1.2. Organic
6.3. Asia Pacific Coconut Oil Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Food and Beverages
6.3.1.2. Pharmaceutical
6.3.1.3. Cosmetics and Personal Care
6.3.1.4. Household/ Retail
6.3.1.5. Others
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Coconut Oil Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. China Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
6.4.1.2. China Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
6.4.1.3. China Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.4.1.4. Japan Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
6.4.1.5. Japan Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
6.4.1.6. Japan Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.4.1.7. South Korea Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
6.4.1.8. South Korea Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
6.4.1.9. South Korea Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.4.1.10. India Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
6.4.1.11. India Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
6.4.1.12. India Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.4.1.13. Southeast Asia Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
6.4.1.14. Southeast Asia Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
6.4.1.15. Southeast Asia Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.4.1.16. Rest of Asia Pacific Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
6.4.1.17. Rest of Asia Pacific Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
6.4.1.18. Rest of Asia Pacific Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Coconut Oil Market Outlook, 2018 - 2030
7.1. Latin America Coconut Oil Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Virgin
7.1.1.2. Refined
7.1.1.3. Crude
7.2. Latin America Coconut Oil Market Outlook, by Nature, Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.2.1.1. Conventional
7.2.1.2. Organic
7.3. Latin America Coconut Oil Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Food and Beverages
7.3.1.2. Pharmaceutical
7.3.1.3. Cosmetics and Personal Care
7.3.1.4. Household/ Retail
7.3.1.5. Others
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Coconut Oil Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Brazil Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
7.4.1.2. Brazil Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
7.4.1.3. Brazil Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.4.1.4. Mexico Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
7.4.1.5. Mexico Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
7.4.1.6. Mexico Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.4.1.7. Argentina Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
7.4.1.8. Argentina Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
7.4.1.9. Argentina Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.4.1.10. Rest of Latin America Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
7.4.1.11. Rest of Latin America Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
7.4.1.12. Rest of Latin America Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Coconut Oil Market Outlook, 2018 - 2030
8.1. Middle East & Africa Coconut Oil Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Virgin
8.1.1.2. Refined
8.1.1.3. Crude
8.2. Middle East & Africa Coconut Oil Market Outlook, by Nature, Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Conventional
8.2.1.2. Organic
8.3. Middle East & Africa Coconut Oil Market Outlook, by End-use Industry, Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Food and Beverages
8.3.1.2. Pharmaceutical
8.3.1.3. Cosmetics and Personal Care
8.3.1.4. Household/ Retail
8.3.1.5. Others
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Coconut Oil Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. GCC Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
8.4.1.2. GCC Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
8.4.1.3. GCC Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.4.1.4. South Africa Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
8.4.1.5. South Africa Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
8.4.1.6. South Africa Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.4.1.7. Egypt Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
8.4.1.8. Egypt Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
8.4.1.9. Egypt Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.4.1.10. Nigeria Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
8.4.1.11. Nigeria Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
8.4.1.12. Nigeria Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.4.1.13. Rest of Middle East & Africa Coconut Oil Market by Product Type, Value (US$ Mn), 2018 - 2030
8.4.1.14. Rest of Middle East & Africa Coconut Oil Market Nature, Value (US$ Mn), 2018 - 2030
8.4.1.15. Rest of Middle East & Africa Coconut Oil Market End-use Industry, Value (US$ Mn), 2018 - 2030
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. End-use Industry vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Archer Daniels Midland Company
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Bunge Limited
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Ruchi Soya Industries
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Adani Wilmar
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Associated British Foods
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Cargill Inc.
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Adams Group Inc
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. American Vegetable Oil Inc
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Business Strategies and Development
9.5.9. Phidco
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. SC Global
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. Oleo-Fats Incorporated
9.5.11.1. Company Overview
9.5.11.2. Product Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings