About Virgin Coconut Oil
The virgin coconut oil is extracted from coconuts without the application of heat process. It is rapidly gaining popularity throughout the globe in comparison to regular coconut oil and for a good reason. Virgin coconut oil is recognized for its nice fragrance, antioxidants, taste, medium chain fatty acids (MCFA), and vitamins, among other things. In the case of virgin coconut oil, the raw materials and the procedure of extraction should not allow any involvement of heat. Therefore, in good and reputable firms that manufacture virgin coconut oil, extreme care is taken to ensure that the kernels and the raw material, i.e. the coconut milk, are not subjected to heat or sunlight, during the whole process. In some cases, virgin coconut oil is also extracted directly by cold compression of fresh dried coconut meat and is also called Micro-expelling.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key players are exploring the market in new regions by adopting mergers & acquisitions, expansions and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions in new areas to avail competitive advantage through combined synergies Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Virgin 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), Nutiva (United States), Tropical Traditions (United States), C Coconut Water (Australia), iTi Tropicals (United States), Jax Coco (United States), Sun Bionaturals (India) Private Ltd. (India), Greenville Agro Corporation (Philippines), NMK Holdings (Pvt) Ltd. (Sri Lanka) and Healthy Traditions (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are KKP Industry (India), Naturoca (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Virgin Coconut Oil market by Type (Organic and Inorganic), Application (Cooking, Cosmetics, Healthcare and Others) and Region.
On the basis of Type, Organic are dominating the market in the year 2022 where as Organic Inorganic stood as second largest market share.
On the basis of application, Cooking segment is dominating the market in the year 2022 where as Cosmetics segment stood as second largest market .On the basis of geography, the market of Virgin Coconut Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, 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. Hypermarkets and Supermarkets will boost the Virgin 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:
Longer Shelf Life and Does Not Go Rancid Easily
Challenges:
Potential Negative Virgin Coconut Oil Side Effects
Restraints:
High Price Associate to Virgin Coconut Oil
Opportunities:
Increase in Demand from Cosmetic Industry
Market Leaders and their expansionary development strategies
In September 2023, Kannadi karshaka Kootayama, a farmers collective from chiraakka, decide to launch their brand, they wanted their product to stand out the value added market.
In February 2022, India's leading Ayurvedic and Natural Health Company Dabur India announced the launch of virgin coconut oil further strengthening its presence in the coconut oil market.
Key Target Audience
Manufacturers of Virgin Coconut Oil, Suppliers of Virgin Coconut Oils raw material, Wholesalers, distributers and retailers of Virgin Coconut Oil, Food & Beverages Industry, E-commerce Companies, Cosmetic Industry and Governmental bodies
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.