What is Natural Coconut Oil Market Scope?
Natural coconut oil is the most important food oils considered as a source of dietary fat. It is widely utilized as cooking oil and in food industries, such as baking and confectionery products. Natural coconut oil can be bifurcated into two types based on how it is extracted from the coconut meat, including virgin coconut oil (VCO) and extra virgin coconut oil. Virgin coconut oil is a product directly extracted from fresh coconut meat. Virgin coconut oil (VCO) varies from RBD in the way it is processed. Asia-Pacific dominated the virgin coconut oil market and is anticipated to maintain its dominating position during the forecast period as well, owing to the huge production of coconut in the region.
The Natural Coconut Oil market study is being classified by Type (Virgin Coconut Oil and Extra Virgin Coconut Oil), by Application (Food, Cosmetics, Pharmaceuticals and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Natural Coconut Oil market throughout the predicted period.
Barlean's (United States), Hain Celestial Group (United States), NMK Holdings (Pvt) Ltd. (Sri Lanka), C Coconut Water (Australia), Kokonut Pacific Pty Ltd. (Australia), Niulife (Australia), Nature Pacific (Australia), Greenville Agro Corporation (Philippines), P.T. Harvard Cocopro (Indonesia) and Naturoca (Indonesia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Sun Bionaturals (India) Private Ltd. (India), Celebes Coconut Corporation (Philippines), Cocomate (Sri Lanka), Manchiee De Coco (Sri Lanka) and Tropical Traditions (United States).
Analyst at AMA have segmented the market study of Global Natural Coconut Oil market by Type, Application and Region.
On the basis of geography, the market of Natural Coconut Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On April 16, 2020, Nutiva, a pioneer of plant-based organic foods, has launched two new Organic Liquid Coconut Oils, in Classic and Garlic. Nutiva Organic Liquid Coconut Oils are perfect replacements for traditional cooking oils like olive or canola, and ideal for sautéing, cooking, and baking up to 350°F.
Influencing Market Trend
- Growing Use in Treatment of AIDS
- Growing Consumer Attention to Healthier Diets
- Increasing health awareness among the consumers resulting in an increased demand for organic products which is also leading to an increased demand for the organic virgin coconut oil market.
- Rising Consumer Spending On Functional Food and Beverages
- Longer Shelf Life of Natural Coconut Oil
- Increase in Demand from Cosmetic and Food Industry
- Increasing Number of Government Initiatives and Funding
- High Price Associate to Virgin Coconut Oil
- Limited Production of Coconuts for Virgin Oil Extraction
- Availability of substitute Products
- Lack of Awareness about the Benefits of Virgin Coconut Oil
Key Target AudienceNatural Coconut Oil Producers, Raw Material Suppliers, Traders/Exporters/Importers, Government and Research Institutions, Food & Beverages Industry, E-commerce Companies, Cosmetic Industry and Others
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