Virgin Coconut Oil Market to observe USD 816.95 Mn incremental growth — Driven by increasing prominence of private-label brands – QNT Press Release


NEW YORK, Sept. 27, 2022 /PRNewswire/ — The “Virgin Coconut Oil Market by Application and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 816.95 millionaccelerating at a CAGR of 9.14% during the forecast period. The report provides a comprehensive analysis of the market size, competitive scenario, regional growth opportunities, key vendors, major segments, and much more. Understand the scope of our full report on the global virgin coconut oil market. Download PDF Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Adret Retail Pvt. Ltd, Apex and Coco and Solar Energy Ltd, Archer Daniels Midland Co., Barleans Organic Oils LLC, C Coconut Water, C2O Coconut Water, Davidsun Natural Pvt. Ltd., Edward and Sons Trading Co., Farmerindia, Greenville Agro Corp., Healthy Traditions Inc., Jing Holdings Ltd., Kinsfolk Agro Industries Pvt Ltd., MAHAVIR COCONUT INDUSTRIES, Marico Ltd., Nutiva Inc., SC Global Coco Products Inc, The Hain Celestial Group Inc., Vama Oil Pvt Ltd., and ZumiFoods as major market participants.

The market will be driven by the increasing prominence of private-label brands. Vendors operating in the market are selling various coconut oil types under private-label brands to increase revenue. Products sold under these brands are priced relatively lower than the products sold by major brands. This is attracting a large number of price-sensitive customers. The growing popularity of such products has encouraged supermarket chains to allocate an exclusive shelf-space for private-label offerings. Thus, the increasing demand for private-brands is expected to foster the growth of the global virgin coconut oil market during the forecast period.

However, the sourcing of tender coconuts will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments . Request Sample Report Here

Virgin Coconut Oil Market 2022-2026: Segmentation

The global virgin coconut oil market is segmented as below:

  • Application
    • Organic
    • Conventional

The market growth in the organic segment will be significant over the forecast period. The segment is driven by the increasing concerns regarding environmental protection and the rising awareness of the health benefits with the use of organic products among consumers.

  • Geographic
    • APAC
    • Europe
    • North America
    • Middle East and Africa
    • South America

Europe will emerge as the key market for virgin coconut oil. The region will account for 35% of the global market share during the forecast period. Consumers in the region are increasingly replacing animal fat-derived oil with virgin coconut oil for cooking. This is the key factor driving the growth of the segment. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our virgin coconut oil market report covers the following areas:

Virgin Coconut Oil Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the virgin coconut oil market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the virgin coconut oil market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Virgin Coconut Oil Market 2022-2026 : Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist virgin coconut oil market growth during the next five years
  • Estimation of the virgin coconut oil market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the virgin coconut oil market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of virgin coconut oil market vendors

Related Reports:

Virgin Coconut Oil Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.14%

Market growth 2022-2026

USD 816.95 million

Market structure

Fragmented

Full story available on Benzinga.com



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