Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Coconut Oil Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Coconut Oil Market?
The Coconut Oil Global Market Report 2025 shows that the market size of coconut oil has significantly increased in the recent past. The market, which was valued at $5.03 billion in 2024, is expected grow to $5.45 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%.
What Is the Forecasted CAGR for the Coconut Oil Market by 2029?
The Coconut Oil Global Market Report 2025 predicts that by 2029, the market size for coconut oil will reach $7.52 billion. Additionally, it is expected to grow at a compound annual growth rate (CAGR) of 8.4%.
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What Are the Market Drivers in the Coconut Oil Industry?
The key drivers in the coconut oil market are:
• Rising preference for plant-based and vegan diets
• Demand for functional food and beverages
• Increasing attention to clean beauty and natural cosmetics
• Shift towards sustainable sourcing and production methods
• Expanding use of coconut oil in medical and therapeutic applications
What Is the Segment-Wise Breakdown of the Coconut Oil Market?
The coconut oilmarket covered in this report is segmented –
1) By Product: Virgin Coconut Oil, Coconut RBD Oil
2) By Price Point: Mass, Premium
3) By Distribution: Direct Distribution, Convenience Stores, Modern Trade Units, E-Commerce, Others Distributions
4) By Application: Food Industry, Agriculture, Cosmetics And Personal Care Industry, Chemical Industry, Other Applications
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Which Emerging Trends Are Driving Growth in the Coconut Oil Sector?
The key trends in the coconut oil market are:
• Development in mct oil popularity is a notable future trend.
• The increasing demand for coconut-based dairy alternatives is shaping the market.
• There is an emerging interest in coconut oil for hair and scalp treatments.
• A growing adoption of coconut oil in aromatherapy, wellness oils, and customizable coconut blends is expected.
Which Companies Are Dominating the Coconut Oil Market in Terms of Revenue?
Major players in the coconut oil market are:
• Archer Daniels Midland Company
• Greenville Agro Corporation
• Libra Bioscience Pvt Ltd.
• Bunge Ltd.
• Cargill Incorporated
• Wichy Plantation Company (Pvt) Ltd.
• Adani Group
• Windmill Organics Ltd.
• Hain Celestial Group Inc.
• PT. Harvard Cocopro
• Royce Food Corporation
• Marico Ltd.
• Nutiva Inc.
• Dr. Bronner's
• Kirkland's Inc.
• Golden Barrel
• Spectrum Essentials
• Dignity Coconuts
• Harin Bio-Tech International Private Limited
• Sakthi Exports
• Aluan
• Bo International
• Shree Western G & C Ind.
• Jiangxi Planty Manor Health Industry Co. Ltd.
• HanCole Group
• NMK Holdings Private Limited
• K.K.P.Industries
• Manchiee De Coco
• Nature Pacific Pty Ltd.
• Cocomate
• Genius Nature Herbs Pvt Ltd.
• Keratech Coconut Oil Pvt Ltd.
• Jedwards International Inc.
• Sun Bionaturals (India) Private Limited
• Pureoilsindia
• Nature's Oil
• Cornitos
• KPL Oil Mills (P) Ltd.
What Are the Regions Driving Demand in the Coconut Oil Market?
Western Europe was the largest region in the coconut oil market in 2024
