• What is the growth rate of coconut oil market in 2022-2027?
  • The coconut oil market is projected to register a CAGR of 6.34% during the forecast period, 2022-2027. Coconut oil as an ingredient has been widely accepted in different industries such as food and beverage, cosmetics, personal care, and pharmaceuticals.
  • How competitive is the global coconut oil market?
  • The global coconut oil market is highly competitive in nature with key companies adopting different strategies such as product development, expansion of production capacity, and investment in advanced processing technologies.
  • How is coconut oil produced?
  • Coconut oil is produced mainly by a solvent extraction process. The coconut endosperm is removed and dried to yield the dried coconut meat, also known as copra, and subsequently, solvents are applied to maximize oil extractability. The global coconut oil market is segmented by product type, application, and by geography.
  • Why is the demand for coconut oil increasing?
  • With the ongoing expansion of end-use industries, the demand for coconut oil is also increasing in the worldwide market over the past few years. Further, the rising trend of plant-based cosmetics and personal care products is accelerating the production and processing of industrial-grade coconut oil across key coconut-producing countries.
  • Will rising coconut oil demand boost growth in Asia Pacific coconut oil market?
  • Thus, the rising coconut oil demand from end-use industries to formulate the products as per evolving consumer preferences for vegan and organic cosmetics, personal care products, and packaged food is expected to boost the growth in Asia pacific coconut oil market.
  • What industries use coconut oil?
  • Coconut oil as an ingredient has been widely accepted in different industries such as food and beverage, cosmetics, personal care, and pharmaceuticals. With the ongoing expansion of end-use industries, the demand for coconut oil is also increasing in the worldwide market over the past few years.