Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Coconut Oil Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The latest comprehensive market research study on the global coconut oil industry showcases pivotal data and insights that highlight the sustained growth and upcoming trends expected to shape the sector through 2024 and beyond.
The report unveils robust expansion in the coconut oil market, emphasizing the substantial impetus from the rising popularity of plant-based and vegan diets, the unwavering demand for functional foods and beverages, and the burgeoning cosmetic industry's inclination towards natural ingredients.
Emerging Trends and Market Dynamics
An uptrend in the adoption of medium-chain triglyceride oil and the proliferation of coconut-based dairy alternatives are among the front-running trends elucidating the coconut oil market's vigor. Experts predict these trends to accelerate the market's compound annual growth rate (CAGR), anticipating a resilient uptick in market value by 2028.
Equipped with in-depth segmentation, the report elucidates the performance of various coconut oil derivatives, such as virgin coconut oil and coconut RBD oil. The sectors covered in the report reflect on the extensive applicability of coconut oil across industries, including food, agriculture, and particularly personal care and cosmetics, establishing it as an integral component of skin and hair care solutions.
Global Perspectives and Regional Insights
The study delivers a global outlook, pinpointing Western Europe as a leading contributor to the market's size in 2023. It also provides nuanced reviews of diverse regions, encapsulating pivotal economies poised for noteworthy growth in the coconut oil domain.
- Asia-Pacific – A vital hub for coconut oil production and consumption.
- North America – Witnessing a surge in demand for organic and non-GMO coconut oil derivatives.
- Eastern Europe, South America, Middle East, and Africa – Projected to follow suit in the increased utilization of coconut oil, fueled by health and aesthetic applications.
The assessment provides essential data tracking the evolution of the market through substantial changes in consumer behavior and preferences, technological advancements like cold press extraction, and strategic corporate partnerships aiming to amplify market presence and consumer outreach.
Movers and Shakers in the Coconut Oil Arena
Strengthening the report's coverage are profiles of leading entities within the coconut oil market. These firms are at the forefront of innovation, investing in new product development and adopting processes that cater to a consumer base increasingly attentive to quality and sustainability. Pivotal moves such as strategic acquisitions and advancements in extraction methodologies are highlighted, reflecting the market's dynamic and competitive landscape.
The market report promises to serve as an essential tool for stakeholders, business strategists, and decision-makers seeking an authoritative panorama of the coconut oil market.
With detailed analysis of market trends, geographical expansions, and forecasted growth, the report lays a solid foundation for understanding the current state and future prospects of the coconut oil market, driving informed decision-making and strategic planning.
Companies Profiled
- 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.
- Parachute Naturalz
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/3a9p3s
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