Coconut Oil Market is foreseen to proliferate at a value CAGR of 3.9% during the period of forecast 2017-2022

Coconut oil is extracted from dried or tender coconut kernels and is a tasteless and colorless oil. The coconut oil is available in two types based on the extraction- unrefined and refined or virgin oil. Unrefined oil is unbleached and unprocessed and is rarely used in consumption, while virgin oil is used in consumption. The coconut oil market has seen tremendous potential in the personal care industry, already popular in Asian regions, but now also popular globally. The coconut oil is also used as a substitute to the vegetable oil and is traditionally used ingredient in the natives of South India. Given, its wide array of applications, the coconut oil market sees a huge growth in the forecast period.

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Ambiguities over Actual Health Benefits of Coconut Oil Denting Consumer Confidence

The health benefits of coconut oil continue to be a subject of debate among prominent researchers. Proponents of coconut oil vouch for its health benefits such as enhancing metabolism, boosting ketone concentration, and dermatological benefits. On the contrary, opponents continue to warn consumers about its potential health impacts including high cholesterol, intestinal distress, thyroid problems, and so on. Two recent reports published in NCBI unveil that consumption of coconut oil not only has neuropositive impacts for Alzheimer patients, but also curtails the cognitive deficits associated with this disorder. Moreover, a recent study conducted by researchers at the University of Cambridge has found that coconut oil reduces the risk of cardiovascular diseases.

On the other hand, a significant section of researchers are of the opinion that coconut oil is bad for health. Dr. Karin Michels, Dean of Harvard T.H. Chan school of Public Health, condemned the idea of coconut oil consumption. The ambiguities over health benefits of coconut oil will continue to have an impact on the bottom lines of stakeholders. The burst in coconut oil sales, especially during the period 2011-2015, is steadily waning, as consumers look for alternatives that are not mired in controversy. It is highly likely that further negative press will lead to a steady decline in global sales over the course of the forecast period.

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Competitive Landscape

The competitive landscape in the coconut oil market report features key players operating in the industry. The key players of coconut oil market have been featured based on their revenue shares, key differential strategies, and several other factors. The report features key players operating in the coconut oil market such as Adani Wilmar, Ruchi Soya Industries, Associated British Foods, Cargill Inc., Archer Daniels Midland Company, Bunge Limited, Adams Group Inc., and American Vegetable Oil Inc.

Cargill Inc., a prominent player in the coconut oil market, had acquired Dalmia olive oil business to forge ahead with new product launches. Moreover, Cargill Inc. invested approximately $17.5 million in Izegem edible vegetable oil refinery to upgrade its production capacity.

Key players in the coconut oil market are introducing new varieties such as turmeric-infused coconut oil to tap into prime opportunities. In addition to that, innovative products such as NatureWax Coconut 1 and NatureWax Coconut 2 made with coconut oil are also diversifying dynamics of coconut oil market.

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Posted by Neha Bhosle on Friday February 19 2021, 10:04 AM EDT. All trademarks acknowledged. Filed under Food, Food & Beverage, Non FirstPage. Comments and Trackbacks closed. Follow responses: RSS 2.0