Extra virgin coconut oil is unrefined coconut oil, which is obtained by cold pressing liquid from dried or fresh coconut meat instead of using copra, followed by separating oil from the water and milk. There is no significant difference between virgin and extra virgin oil. The reason behind marketing the virgin coconut oil with the name of extra virgin coconut oil is the growing perception of consumers that extra virgin coconut oil is superior than virgin coconut oil.
Extra virgin coconut oil has long shelf life and contains proteins, antioxidants, vitamins, and lauric acid. In addition, it offers several health benefits such as it maintains cholesterol levels, reduces weight, lowers the risk of heart disease, and improves skin & hair texture. In addition, this oil is used as cooking oil, salad dressing, functional food, food supplement, moisturizer, hair oil, and massage oil.
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Rise in need to adopt healthy lifestyle is the key factor that drives the growth of the global extra virgin coconut oil market. Moreover, easy access to extra virgin coconut through supermarkets, online stores, and departmental stores fuels the growth of the market. However, availability of substitute of extra virgin coconut is expected to restrain the market growth in the future. Conversely, changes in lifestyle, increase in demand for natural cosmetics, and rise in disposable income of consumers have boosted the growth of the cosmetic industry, which in turn is anticipated to bolster the growth of extra virgin coconut oil market.
The global extra virgin coconut oil market is segmented based on application, distribution channel, and region. By application, the market is divided into food & beverages, beauty & cosmetics, pharmaceuticals, and others. Depending on distribution channel, it is classified into supermarkets/hypermarkets, convenience stores, retail stores, online stores, and others. Region wise, it is analyzed across North America,Europe, Asia-Pacific, and LAMEA.
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The prominent players operating in the market include Celebes Coconut Corporation, Cbl Natural Foods (Pvt.) Ltd., Tradlanka Agricultural Enterprises (Ariya Foods), Kokosvco Pvt. Ltd., Farmer India, Keratech, Sakthi Exports, Focp Corp., and Cocomate.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global extra virgin coconut oil market from 2018 to 2026 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Market player positioning facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.
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