Owning to the high nutritional value and diverse application majorly across the personal care industry, the demand for organic virgin coconut oil is experiencing a surge. The global market for organic virgin coconut oil is projected to reach a market value of USD 1.28 billion at a CAGR of 10.98% by 2022. Asia Pacific is anticipated to account for a major market share of more than 95% during the forecast period. Favorable climatic condition in the region is one of the key factors for the increased production of organic virgin coconut in the region which further facilitates the growth of organic virgin coconut oil in Asia Pacific region. Asia pacific is projected to account for a value of more than USD 660 million in the year 2016.
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The production of organic virgin coconut oil will witness the highest growth rate of 15.33% during the given period owing to rising production capacity of organic virgin coconut oil in various Mexico and Venezuela. Rising consumer’s awareness about the health benefits of consumption of chemical-free organic virgin coconut oil is also anticipated to be one of the key reasons for its increased market share in the region.
On the basis of application, personal care products is evaluated to dominate the market and is projected to hold a major share of more than 45% in the global market organic virgin coconut oil market. Diverse application of coconut oil in skin and hair care products is supporting the escalating share of organic virgin coconut oil based on its high nutritional value than the conventional coconut oil.
Listed Key Players Included Are:
Some of the leading players in the global organic virgin coconut oil market are: Nutiva, Inc. (U.S.), Celebes Coconut Corporation (the Philippines), Greenville Agro Corporation (the Philippines), Earth Born Co.,Ltd. (Thailand), Vita Coco (U.S.), Farm Direct Coconuts (U.S.), Parker Biotech Private Ltd (India) .
This study analyzes the market at the global, regional and corporate levels and deals with the Organic Virgin Coconut Oilmarket in a comprehensive manner. In addition to future growth opportunities, the report examines the industry’s overall size. A comprehensive summary of the market and product along with the key applications can be found in the market overview given in the first section. The report spans 2020 to 2023 and offers important details and information on market research. The prediction was focused on current developments in the industry and consumption patterns.
Drivers and Risks
Key factors that affect market growth and other significant measures in business development have been discussed. The main market drivers and risks that could affect the Organic Virgin Coconut Oilbusiness positively and adversely are identified. This research also includes key industry patterns and statistics that can play a key role in the evaluation of business prospects and be driving forces for the market. The market barriers that could impact the company and overall market performance are also covered.
The report segment which covers the major regions in terms of production and consumption with respect to the global Organic Virgin Coconut Oilmarket provides an in-depth analysis of key market indicators. The individual regions that contribute to the overall market performance were covered, in addition to future prospects. This study describes the production, apparent consumption, export and import of Organic Virgin Coconut Oilgoods in the regions covered.
Method of Research
In terms of the key parameters, the research team working on the market analysis study has analyzed the Organic Virgin Coconut Oilmarket based on the Porter Five Forces model. The main aim of the market analysis is to present the forecasts for market size, value, and volume for the assessment period. The research that supports the study findings and prediction requires input from industry experts and participants. To gather market data, credible sources, both main and secondary, have been used.
Table of Contents – Major Key Points
1 Executive Summary 10
2 Introduction 11
3 Research Methodology 13
4 Premium Insights 18
5 Market Dynamics 20
6 Market Factor Analysis 27
7 Global Organic and Conventional Virgin Coconut Oil Market Overview 33
8 America Organic and Conventional Virgin coconut oil Market Overview 38
10 Asia Pacific Organic and Conventional Virgin coconut oil Market Overview 59
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