Coconut oil is also known as copra oil as it is extracted from the kernel or meat of mature coconuts using dry processing or wet processing technology. Coconut oil contains saturated fat that helps with digestion and also helps to absorb essential nutrients. Coconut oil has various applications and it is used for the cooking, skin care and medicinal purposes. Coconut oil has antiviral, antifungal and antibacterial properties which help to reduce infection and improves immunity system.
Lack of nutritional content in refined coconut oil and the presence of harmful chemical are some factors, expected to hamper the demand of the coconut oil and restrain the growth of the global coconut oil market in the near future.
The global coconut oil market report has been segmented on the basis of product type, application, packaging, distribution channel, and region. On the basis of product type, the market is segmented into partially hydrogenated coconut oil, fully hydrogenated coconut oil, distilled coconut oil and low white or low whole coconut oil. On the basis of application, the market is segmented into food industry, detergents and soaps, household, paints and coating, metalworking fluids, plastic industry, textile chemicals, and pharmaceuticals and cosmetic industry. On the basis of packaging, the market is segmented into steel flexi tanks, drums, plastic bottles, carboys, and glass jars, and squeeze tubes. On the basis of distribution channel, the market is segmented into, manufacturers, wholesalers and retailers, convenience stores, and e-commerce. E-commerce or online stores segment expected to dominates the global market in terms of revenue over the forecast period, due to increasing popularity for online shopping.
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Based on the region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global market in terms of revenue over the forecast period, owing to regular use of coconut oil for various purposes in the region. North America coconut oil market is also anticipated to register a lucrative growth in terms of revenue over the forest period, owing to the increasing demand for coconut oil in the region.
Key players operating in the global coconut oil market include Marico Ltd., A.B. Enterprises, PT MANGGA DUA, Flower Song Fine Chemical Co Ltd., EPS IMPEX CO., J. K. International, K.L.F. Nirmal Industries Private Limited, PT General Laju, ADP Southeast Orient Corporation, and Libra Bioscience Pvt. Ltd.