Organic Virgin Coconut Oil Market

Global Organic Virgin Coconut Oil Market by Extraction Method (Cold Extraction, Hot Extraction), By Packaging Type (Bottles & Jars, Pouches, Bulk Packaging, Others), By Application (Direct Consumption, Industrial Consumption), By Distribution Channel (Online, Offline) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)

  • Report ID: FB-78
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 8
  • No. Of Pages: 221
  • Format:
  • Pub. Date: 2020-11-01
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Market Outlook:

The global organic virgin coconut oil market was valued at USD 514.8 Million in 2019 and is projected to reach USD 814.2 Million by 2027 expanding at a CAGR of 6.2% during the forecast period, 2020-2027. Increasing awareness regarding healthy eating habits and growing preference for organic food beverage products are projected to boost the expansion of the global market. Additionally, high prevalence of obesity is a boosting the consumption of organic virgin coconut oil. The oil contains healthy fatty acids that help burn the stored fat in the human body, resulting in weight loss. Rising urbanization and industrialization are boosting wealth, as people are investing more in premium products and increasing the adoption of organic virgin coconut oil, thereby propelling the market. Urbanization has a significant impact on the supply chain of any product or commodity which brings about substantial developments, which is expected to drive the demand for organic virgin coconut oil.

Organic virgin coconut oil (VCO), when compared to refined, bleached, and deodorized (RBD) coconut oil looks similar in the liquid form. However, in the solid form, organic VCO is pure white application; whereas RBD coconut oil ranges from white to light yellow color. In terms of composition, both do not differ much, although organic VCO includes some polyphenols, vitamins, and minerals that contributes toward the fragrance, taste, goodness of the oil than its counterpart.

Global Organic Virgin Coconut Oil Market Key Takeaways

Market Dynamics
Growing consumption of organic virgin coconut oil is attributed with several health and beauty benefits associated with it. The oil is widely used in a range of things products used for cooking, cleaning, and moisturizing. It is used to improve the health and condition of their hair. The use of virgin coconut oil for hair helps reduce of protein loss from the hair, thus improving its health. The oil is predominantly from a medium-chain fatty acid called lauric acid, which gives the oil a straight structure and increases absorption into the hair shaft. Growing awareness regarding these benefits drives the market. Other benefits such as injection of good cholesterols and weight loss are expected to boost the market. The organic virgin coconut oil is also to combat bacterial and viral infections. The oil deactivates the viruses and prevents it from further growth.

Several nations are eagerly adopting organic farming practices by promoting legislations and standards. This significantly boosts the popularity for organic foods, especially in North America and Europe, where sales were up to 90% of the total consumption of organic food. Furthermore, rise in demand for organic foods in the counties in North America and Europe has propelled the demand for organic products in developing counters, thus boosting the consumption of organic foods. Growing Consumer preference for organic foods and products is expected to drive the global organic virgin coconut oil market.

Segmental Outlook

In terms of extraction methods, the organic virgin coconut oil market is categorized as cold extraction, hot extraction, and others. The cold extraction segment holds a significant share of 67.1% in the global market owing to its ability to preserve the natural characteristics of the oil such as purity, flavor, aroma, and nutritional value. Additionally, these processes do not include oxidization; therefore, it can be used for several medical and healthcare purposes. The hot extraction segment is expected grow at a substantial pace owing to the high yield offering by the process as compared to cold extraction.

Global Organic Virgin Coconut Oil Market Key Takeaways 2

On the basis of applications, the organic virgin coconut oil market is bifurcated as direct consumption and industrial consumption. The direct consumption segment holds a significant share of the market, since organic virgin coconut oil is directly consumed pertaining to several medicinal benefits associated with the product. The industrial consumption segment is projected to expand at a significant CAGR of 6.2% owing to increasing use of the oil in several industries such as food & beverages, beauty & cosmetics, and pharmaceuticals.

Global Organic Virgin Coconut Oil Market Key Takeaways 3

Regional Outlook

Based on regions, the global organic virgin coconut oil market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constituted market share of 68.6% in 2019 due to the presence of a large number of prominent players and local players in the region. Moreover, rising urbanization and increasing disposable income are expected to fuel the market in the region. Additionally, increasing awareness in the region regarding organic eating is expected to increase the demand for organic virgin coconut oil.

The market in North America is projected to expand at a CAGR of 6.1% during the forecast period. High prevalence of obesity is boosting the consumption of organic virgin coconut oil in the region. Furthermore, people in North America are prone to skin burn, which is expected to increase the demand for organic virgin coconut oil. The oil acts as a barrier for the skin against harmful ultraviolet rays from the sun.

Global Organic Virgin Coconut Oil Market By Region

Competitive Landscape

The global organic virgin coconut oil market is highly fragmented with a few Tier-1 players and a large concentration of Tier-2 and Tier-3 players. The threat for new entrants is expected to remain low to moderate during the forecast period due to the presence of several new players in the market. Improvements in product quality, growing demand for organic virgin coconut oil in industries such as food & beverages, beauty & cosmetics, and pharmaceuticals is increasing the number of small-scale producers.

  • Some of the key players in the market include The Hain Celestial Group, Inc., Dr. Bronner's Magic Soaps, Nature's Way Products LLC, La Tourangelle, Inc., Barlean's, Nutiva Inc, Celebes Coconut Corp, SC Global Coco Products, Inc., Viva Naturals and Source Naturals, Inc.
  • The players are adopting key strategies such as collaboration, and geographical expansion where potential opportunity for the Organic Virgin Coconut Oil extraction is added in the company’s capacity.

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Organic Virgin Coconut Oil Market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Organic Virgin Coconut Oil Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Organic Virgin Coconut Oil Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Organic Virgin Coconut Oil Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Organic Virgin Coconut Oil Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Organic Virgin Coconut Oil Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Organic Virgin Coconut Oil Market Size & Forecast, 2017-2027
      4.5.1 Organic Virgin Coconut Oil Market Size and Y-o-Y Growth
      4.5.2 Organic Virgin Coconut Oil Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Packaging, 2017-2027
Chapter 5 Global Organic Virgin Coconut Oil Market Analysis and Forecast By Packaging
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Packaging
      5.1.2 Basis Point Share (BPS) Analysis By Packaging
      5.1.3 Absolute $ Opportunity Assessment By Packaging
   5.2 Organic Virgin Coconut Oil Market Size & Volume Forecast By Packaging
      5.2.1 Bottles & Jars
      5.2.2 Pouches
      5.2.3 Bulk Packaging
   5.3 Market Attractiveness Analysis By Packaging
Chapter 6 Global Organic Virgin Coconut Oil Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Organic Virgin Coconut Oil Market Size & Volume Forecast By Application
      6.2.1 Direct Consumption
      6.2.2 Industrial Consumption
         6.2.2.1 Food & Beverages
         6.2.2.2 Beauty & Cosmetics
         6.2.2.3 Pharmaceuticals
         6.2.2.4 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Organic Virgin Coconut Oil Market Analysis and Forecast By Distribution Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      7.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      7.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   7.2 Organic Virgin Coconut Oil Market Size & Volume Forecast By Distribution Channel
      7.2.1 Online
         7.2.1.1 B2B
         7.2.1.2 B2C
      7.2.2 Offline
         7.2.2.1 B2B
         7.2.2.2 B2C
   7.3 Market Attractiveness Analysis By Distribution Channel
Chapter 8 Global Organic Virgin Coconut Oil Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Organic Virgin Coconut Oil Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Organic Virgin Coconut Oil Analysis and Forecast
   10.1 Introduction
   10.2 North America Organic Virgin Coconut Oil Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Organic Virgin Coconut Oil Market Size & Volume Forecast By Packaging
      10.6.1 Bottles & Jars
      10.6.2 Pouches
      10.6.3 Bulk Packaging
   10.7 Basis Point Share (BPS) Analysis By Packaging
   10.8 Absolute $ Opportunity Assessment By Packaging
   10.9 Market Attractiveness Analysis By Packaging
   10.10 North America Organic Virgin Coconut Oil Market Size & Volume Forecast By Application
      10.10.1 Direct Consumption
      10.10.2 Industrial Consumption
         10.10.2.1 Food & Beverages
         10.10.2.2 Beauty & Cosmetics
         10.10.2.3 Pharmaceuticals
         10.10.2.4 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
   10.14 North America Organic Virgin Coconut Oil Market Size & Volume Forecast By Distribution Channel
      10.14.1 Online
         10.14.1.1 B2B
         10.14.1.2 B2C
      10.14.2 Offline
         10.14.2.1 B2B
         10.14.2.2 B2C
   10.15 Basis Point Share (BPS) Analysis By Distribution Channel
   10.16 Absolute $ Opportunity Assessment By Distribution Channel
   10.17 Market Attractiveness Analysis By Distribution Channel
Chapter 11 Europe Organic Virgin Coconut Oil Analysis and Forecast
   11.1 Introduction
   11.2 Europe Organic Virgin Coconut Oil Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Organic Virgin Coconut Oil Market Size & Volume Forecast By Packaging
      11.6.1 Bottles & Jars
      11.6.2 Pouches
      11.6.3 Bulk Packaging
   11.7 Basis Point Share (BPS) Analysis By Packaging
   11.8 Absolute $ Opportunity Assessment By Packaging
   11.9 Market Attractiveness Analysis By Packaging
   11.10 Europe Organic Virgin Coconut Oil Market Size & Volume Forecast By Application
      11.10.1 Direct Consumption
      11.10.2 Industrial Consumption
         11.10.2.1 Food & Beverages
         11.10.2.2 Beauty & Cosmetics
         11.10.2.3 Pharmaceuticals
         11.10.2.4 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
   11.14 Europe Organic Virgin Coconut Oil Market Size & Volume Forecast By Distribution Channel
      11.14.1 Online
         11.14.1.1 B2B
         11.14.1.2 B2C
      11.14.2 Offline
         11.14.2.1 B2B
         11.14.2.2 B2C
   11.15 Basis Point Share (BPS) Analysis By Distribution Channel
   11.16 Absolute $ Opportunity Assessment By Distribution Channel
   11.17 Market Attractiveness Analysis By Distribution Channel
Chapter 12 Asia Pacific Organic Virgin Coconut Oil Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Organic Virgin Coconut Oil Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Organic Virgin Coconut Oil Market Size & Volume Forecast By Packaging
      12.6.1 Bottles & Jars
      12.6.2 Pouches
      12.6.3 Bulk Packaging
   12.7 Basis Point Share (BPS) Analysis By Packaging
   12.8 Absolute $ Opportunity Assessment By Packaging
   12.9 Market Attractiveness Analysis By Packaging
   12.10 Asia Pacific Organic Virgin Coconut Oil Market Size & Volume Forecast By Application
      12.10.1 Direct Consumption
      12.10.2 Industrial Consumption
         12.10.2.1 Food & Beverages
         12.10.2.2 Beauty & Cosmetics
         12.10.2.3 Pharmaceuticals
         12.10.2.4 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
   12.14 Asia Pacific Organic Virgin Coconut Oil Market Size & Volume Forecast By Distribution Channel
      12.14.1 Online
         12.14.1.1 B2B
         12.14.1.2 B2C
      12.14.2 Offline
         12.14.2.1 B2B
         12.14.2.2 B2C
   12.15 Basis Point Share (BPS) Analysis By Distribution Channel
   12.16 Absolute $ Opportunity Assessment By Distribution Channel
   12.17 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Latin America Organic Virgin Coconut Oil Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Organic Virgin Coconut Oil Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Organic Virgin Coconut Oil Market Size & Volume Forecast By Packaging
      13.6.1 Bottles & Jars
      13.6.2 Pouches
      13.6.3 Bulk Packaging
   13.7 Basis Point Share (BPS) Analysis By Packaging
   13.8 Absolute $ Opportunity Assessment By Packaging
   13.9 Market Attractiveness Analysis By Packaging
   13.10 Latin America Organic Virgin Coconut Oil Market Size & Volume Forecast By Application
      13.10.1 Direct Consumption
      13.10.2 Industrial Consumption
         13.10.2.1 Food & Beverages
         13.10.2.2 Beauty & Cosmetics
         13.10.2.3 Pharmaceuticals
         13.10.2.4 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
   13.14 Latin America Organic Virgin Coconut Oil Market Size & Volume Forecast By Distribution Channel
      13.14.1 Online
         13.14.1.1 B2B
         13.14.1.2 B2C
      13.14.2 Offline
         13.14.2.1 B2B
         13.14.2.2 B2C
   13.15 Basis Point Share (BPS) Analysis By Distribution Channel
   13.16 Absolute $ Opportunity Assessment By Distribution Channel
   13.17 Market Attractiveness Analysis By Distribution Channel
Chapter 14 Middle East & Africa (MEA) Organic Virgin Coconut Oil Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Organic Virgin Coconut Oil Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Organic Virgin Coconut Oil Market Size & Volume Forecast By Packaging
      14.6.1 Bottles & Jars
      14.6.2 Pouches
      14.6.3 Bulk Packaging
   14.7 Basis Point Share (BPS) Analysis By Packaging
   14.8 Absolute $ Opportunity Assessment By Packaging
   14.9 Market Attractiveness Analysis By Packaging
   14.10 Middle East & Africa (MEA) Organic Virgin Coconut Oil Market Size & Volume Forecast By Application
      14.10.1 Direct Consumption
      14.10.2 Industrial Consumption
         14.10.2.1 Food & Beverages
         14.10.2.2 Beauty & Cosmetics
         14.10.2.3 Pharmaceuticals
         14.10.2.4 Others
   14.11 Basis Point Share (BPS) Analysis By Application
   14.12 Absolute $ Opportunity Assessment By Application
   14.13 Market Attractiveness Analysis By Application
   14.14 Middle East & Africa (MEA) Organic Virgin Coconut Oil Market Size & Volume Forecast By Distribution Channel
      14.14.1 Online
         14.14.1.1 B2B
         14.14.1.2 B2C
      14.14.2 Offline
         14.14.2.1 B2B
         14.14.2.2 B2C
   14.15 Basis Point Share (BPS) Analysis By Distribution Channel
   14.16 Absolute $ Opportunity Assessment By Distribution Channel
   14.17 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Competition Landscape
   15.1 Organic Virgin Coconut Oil Market: Competitive Dashboard
   15.2 Global Organic Virgin Coconut Oil Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 The Hain Celestial Group, Inc.
      15.3.2 Dr. Bronner's  Magic Soaps
      15.3.3 Nature's Way Products LLC
      15.3.4 La Tourangelle, Inc.
      15.3.5 Barlean's
      15.3.6 Nutiva Inc
      15.3.7 Celebes Coconut Corp
      15.3.8 SC Global Coco Products, Inc.
      15.3.9 Viva Naturals
      15.3.10 Source Naturals, Inc.
Key Segments Covered
By Extraction Method
  • Cold Extraction
  • Hot Extraction
  • Others
By Packaging Type
  • Bottles & Jars
  • Pouches              
  • Bulk Packaging
  • Others
By Application
  • Direct Consumption
  • Industrial Consumption
By Distribution Channel
  • Online
  • Offline
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Russia
    • CIS Countries
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

Key Market Players Profiled in the Report
  • The Hain Celestial Group, Inc.
  • Dr. Bronner's Magic Soaps
  • Nature's Way Products LLC
  • La Tourangelle, Inc
  • Barlean's, Nutiva Inc
  • Celebes Coconut Corp
  • SC Global Coco Products, Inc
  • Viva Naturals and Source Naturals, Inc.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the global Organic Virgin Coconut Oil market volume for historical and forecast period 2016 to 2027 is provided in report.

According to this Growth Market Reports report, the market from Organic Virgin Coconut Oil is likely to register a CAGR of 6.2% during forecast period 2020-2027, with an anticipated valuation of USD 814.2 million by the end of the 2027.

In addition to market size (in USD Million), Market Volume (Thousand Tons), and Company Market Share (in % for base year 2019) and pricing analysis of Organic Virgin Coconut Oil market, short term and long term outlook for Organic Virgin Coconut Oil market is available in final report.

Increasing use of Organic Virgin Coconut Oil in various end-use industries, continuous rise in automotive industry, growing demand for Organic Virgin Coconut Oil is driving the market growth during forecast period.

Application in the food & beverages industry, pharmaceuticals development and cosmetics manufacturing is driving the Organic Virgin Coconut Oil market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to grow at year-on-year growth rate of 3.6 % between 2019 and 2020 owing to the negative impact of COVID 19 pandemic on the Organic Virgin Coconut Oil market. The shutdown of production activities, restrictions on transportation activities, and temporary decline in demand for Organic Virgin Coconut Oil are some of the prime reasons responsible for this market trend.

The base year considered for the global Organic Virgin Coconut Oil market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major players include The Hain Celestial Group, Inc., Dr. Bronner's Magic Soaps, Nature's Way Products LLC, La Tourangelle, Inc., Barlean's, Nutiva Inc, Celebes Coconut Corp, SC Global Coco Products, Inc., Viva Naturals and Source Naturals, Inc.