Global virgin coconut oil market stood at $ 2.7 billion in 2018 and is projected to grow at a CAGR of over 9% during the forecast period to reach $ 4.7 billion by 2024, on the back of increasing investments in the industry. This influx of investments is supporting market players to increase their production capabilities and to cater to rising demand for coconut oil across the globe. Coconut is a widespread plantation and is grown in more than 80 countries. The world production of coconut is estimated at around 55 million tons annually. Coconut oil has significant use in toiletry, food and various industrial sectors.

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Expanding appropriation of virgin coconut oil in different end use applications, for example, in nourishment and drinks division, by virtue of expanding interest for virgin coconut oil in different sustenance items, is a key factor expected to drive worldwide virgin coconut oil advertise. Moreover, developing observation about virgin coconut oil being more beneficial than different oils among the overall public in created and creating economies is further energizing development of worldwide virgin coconut oil showcase. Expanding interest for virgin coconut oil in the nourishment business is foreseen to give a noteworthy lift to worldwide virgin coconut oil advertise, as more organizations are moving their inclinations to the sustenance part.

As far as application, worldwide virgin coconut oil market has been ordered into immediate and roundabout utilization. Among the applications, beauty care products and individual consideration fragment of roundabout utilization is required to enroll critical development in the coming years, because of rising mindfulness about advantages of utilizing coconut oil for more beneficial skin.

Asia-Pacific commanded worldwide virgin coconut oil advertise in 2018 and is foreseen to keep up its ruling position during the conjecture time frame too, attributable to gigantic creation of coconut in the locale. The locale is additionally the biggest exporter of coconut oil to other geological areas. With developing worldwide interest for virgin coconut oil, advertise players are thinking that its hard to conquer any hindrance between intense interest from shoppers. Different governments in the area are stretching out mechanical help to the players to improve their generation abilities.

Global virgin coconut oil market is highly fragmented, due to the presence of numerous small and large vendors. Moreover, the market is subject to rapidly changing consumer demands and preferences. Some of the leading players in global virgin coconut oil market are Sun Bio Naturals, Nutiva, Inc., NMK Holdings Private Limited, Greenville Agro Corporation, iTi Tropicals Inc., The Hain Celestial Group, Edward & Sons Trading Co, Barlean’s, Jax Coco and Naturoca.

Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:
• To analyze and forecast global virgin coconut oil market size.
• To classify and forecast global virgin coconut oil market based on type, application, distribution channel and regional distribution.
• To identify drivers and challenges for global virgin coconut oil market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global virgin coconut oil market.
• To conduct the pricing analysis for global virgin coconut oil market.
• To identify and analyze the profile of leading players operating in global virgin coconut oil market.

Some of the leading players in global virgin coconut oil market are Sun Bio Naturals, Nutiva, Inc., NMK Holdings Private Limited, Greenville Agro Corporation, iTi Tropicals Inc., The Hain Celestial Group, Edward & Sons Trading Co, Barlean’s, Jax Coco and Naturoca.

To performed both primary as well as exhaustive secondary research for this study. Initially, it sourced a list of manufacturers across the globe. Subsequently, It conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique,it could include the manufacturers which could not be identified due to the limitations of secondary research. They analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

The calculated global virgin coconut oil market size using the bottom-up approach, where data for various applications across various end-user segments was recorded and forecast for the future years was made. They sourced these values from the industry experts, company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
• Virgin coconut oil manufacturers, suppliers, distributors and other stakeholders
• Virgin coconut oil raw material suppliers
• Potential investors
• Organizations, forums and alliances related to virgin coconut oil market
• Research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:
In this report, global virgin coconut oil market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Type:
o Organic
o Inorganic

• Market, by Application:
o Direct Consumption
o Indirect Consumption
Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals

• Market, by Distribution Channel:
o Store-based Retail
o Internet Retailing

• Market, by Region:
o Asia-Pacific
o North America
o Europe
o Middle East & Africa
o South America

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global virgin coconut oil market.

Available Customizations
With the given market data, It offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.

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