According to Goldstein Research, “Rising health consciousness among consumers and functional food and beverages are the major factors driving the growth of virgin coconut oil market.” Virgin coconut oil is mainly popular among female consumers owing to its various beauty benefits and the demand is growing mainly in developing countries such as China, India, Indonesia and Brazil. Virgin coconut oil market segmentation has been carried out on the basis of product, application and distribution channel. Distribution channel is further bifurcated into online and offline channel. By distribution channel, online segment is anticipated to achieve higher market growth over the forecast period owing to growing e-commerce business and availability of large variety of products at a discounted price. The global virgin coconut oil market accounted for significant revenue in 2016 and is expected to expand at a CAGR of around 9.8% over the forecast period. Virgin coconut oil is predicted to incident high demand from consumers with higher health awareness and as well as aging population. In 2016, global virgin coconut oil market witnessed huge demand from the western countries and to fill the gap between productions and demand, regional governments are taking measures to increase their coconut oil production. For instance, Sri Lankan government announced the Kapruka Ayojana loan scheme to provide loans and subsidies to the coconut producers to improve their productivity. In India, new virgin coconut oil production facility is being constructed at Indian Council of Agricultural Research-Central Coastal Agricultural Research Institute (ICAR-CCARI) Goa. Asia-Pacific is the largest region for Virgin coconut oil market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. Asia-Pacific virgin coconut oil market size reached USD 1.7 billion in 2016 and is estimated to reach USD 2.9 billion by 2024. Philippines expected to dominate the virgin coconut oil market followed by India due to large coconut oil production in these countries.
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Market Segmentation
By Product Type
• Refined
• Unrefined
By Applications
• Food & Beverages
• Beauty and Cosmetics
• Pharmaceuticals
• others
By Distribution Channel
• Online Channel
• Offline Channel (Convenience stores, Supermarkets etc.)

By Geography
• North America (US, Canada)
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
• Rest of the World
“Global Virgin Coconut Oil Market Outlook 2024” contains detailed overview of the global virgin coconut oil market in terms of market segmentation by product type, by application type and by distribution channel.
Further, for the in-depth analysis, the 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.
Global Virgin Coconut Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Nutiva, Barlean's, Hain Celestial Group, Tropical Traditions, Edward & Sons, H2coco, iTi Tropicals, Jax Coco, Naturoca 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 comprehensive synopsis on the global virgin coconut oil market trends that will help industry consultants, equipment manufacturers, 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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