According to Goldstein Research, global virgin coconut oil market is expected to reach USD 4.2 billion by 2024 from USD 2.1 billion in 2016, growing at a CAGR of 9.8% over the forecast period 2016-2024. Rising health consciousness among consumers significantly propelled the growth of virgin coconut oil market owing to its health benefits and vast usage in manufacturing consumable and medical products to maintain good health and lifestyle. Global virgin coconut oil market segmentation has been done on the basis of product type, application, distribution channel and geography. The wide usage of coconut oil in manufacturing industries to manufacture beauty products, edible oils and pharmaceutical industries to manufacture medicines are the major applications that are driving the growth of global coconut oil market.

Global virgin coconut oil industry is largely dominated by Asia-Pacific region in terms of both production and consumption. Philippines, Vietnam and India are the largest producers of coconut raw oil. Philippines exported coconut oil worth USD 1.0 billion in 2014 to the North America. Europe also constitute significant share in global virgin oil market owing to huge demand for organic beauty and health supplements.

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Market Segmentation

On the basis of our in-depth analysis, Global Virgin Coconut Oil Market can be segmented as follows:

By Product Type

o Refined
o Unrefined

By Applications

o Food & Beverages
o Beauty and Cosmetics
o Pharmaceuticals
o others

By Distribution Channel

o Online Channel
o Offline Channel (Convenience stores, Supermarkets etc.)

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Global Virgin Coconut Oil industry analysis report contains detailed overview of the global virgin coconut oil market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, application and distribution channel.

Further, for the in-depth analysis, Global Virgin Coconut Oil Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Nutiva Organic Coconut Oil, Barlean's, Hain Celestial Group, Tropical Traditions, Edward & Sons, H2coco, iTi Tropicals, Jax Coco, Naturoca, NMK Holding Private Limited, Max Care VCO, Greenville Agro Corporation, SC Global, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global virgin coconut oil market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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