About Natural Coconut Oil
Natural coconut oil is the most important food oils considered as a source of dietary fat. It is widely utilized as cooking oil and in food industries, such as baking and confectionery products. Natural coconut oil can be bifurcated into two types based on how it is extracted from the coconut meat, including virgin coconut oil (VCO) and extra virgin coconut oil. Virgin coconut oil is a product directly extracted from fresh coconut meat. Virgin coconut oil (VCO) varies from RBD in the way it is processed. Asia-Pacific dominated the virgin coconut oil market and is anticipated to maintain its dominating position during the forecast period as well, owing to the huge production of coconut in the region.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Natural Coconut Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Barlean's (United States), Hain Celestial Group (United States), NMK Holdings (Pvt) Ltd. (Sri Lanka), C Coconut Water (Australia), Kokonut Pacific Pty Ltd. (Australia), Niulife (Australia), Nature Pacific (Australia), Greenville Agro Corporation (Philippines), P.T. Harvard Cocopro (Indonesia) and Naturoca (Indonesia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sun Bionaturals (India) Private Ltd. (India), Celebes Coconut Corporation (Philippines), Cocomate (Sri Lanka), Manchiee De Coco (Sri Lanka) and Tropical Traditions (United States).
Segmentation Overview
AMA Research has segmented the market of Global Natural Coconut Oil market by Type (Virgin Coconut Oil and Extra Virgin Coconut Oil), Application (Food, Cosmetics, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Natural Coconut Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, Sri Lanka, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online (E-commerce Websites, Manufacturers Portal) will boost the Natural Coconut Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Bottles & Jars will boost the Natural Coconut Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Quantity, the sub-segment i.e. 100 g will boost the Natural Coconut Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use in Treatment of AIDS and Growing Consumer Attention to Healthier Diets
Market Growth Drivers:
Increasing health awareness among the consumers resulting in an increased demand for organic products which is also leading to an increased demand for the organic virgin coconut oil market., Rising Consumer Spending On Functional Food and Beverages and Longer Shelf Life of Natural Coconut Oil
Challenges:
Availability of substitute Products and Lack of Awareness about the Benefits of Virgin Coconut Oil
Restraints:
High Price Associate to Virgin Coconut Oil and Limited Production of Coconuts for Virgin Oil Extraction
Opportunities:
Increase in Demand from Cosmetic and Food Industry and Increasing Number of Government Initiatives and Funding
Market Leaders and their expansionary development strategies
In July 2021, Grupo Bimbo SAB de CV has acquired Emmy’s Organics, a producer of ultra-premium organic cookies.This acquisition gives Grupo Bimbo an entry point into the quickly growing better-for-you cookie and sweet baked goods market.
On April 16, 2020, Nutiva, a pioneer of plant-based organic foods, has launched two new Organic Liquid Coconut Oils, in Classic and Garlic. Nutiva Organic Liquid Coconut Oils are perfect replacements for traditional cooking oils like olive or canola, and ideal for sautéing, cooking, and baking up to 350°F.
Key Target Audience
Natural Coconut Oil Producers, Raw Material Suppliers, Traders/Exporters/Importers, Government and Research Institutions, Food & Beverages Industry, E-commerce Companies, Cosmetic Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.