Global Organic Virgin Coconut Oil Market by Extraction Method (Cold Extraction, Hot Extraction), Packaging Type (Bottles & Jars, Pouches, Bulk Packaging, Others), Application (Direct Consumption, Industrial Consumption), Distribution Channel (Online, Offline), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
Global Organic Virgin Coconut Oil Market Outlook 2031:
The global organic virgin coconut oil market size was valued at USD 616.61 Million in 2022 and is projected to reach USD 1.05 Billion by 2031, expanding at a CAGR of 6.2% during the forecast period 2023 - 2031. Increasing awareness regarding healthy eating habits and growing preference for organic food and beverage products are projected to boost the expansion of the global market. Additionally, high prevalence of obesity is boosting the consumption of 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 contribute toward the fragrance, taste, and goodness of the oil more than its counterpart.
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 Market Dynamics
Growing consumption of organic virgin coconut oil is attributed to 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 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. Virgin coconut oil is better than cold pressed oil as during the procedure, the heat used to dry coconut is expected to decrease the antioxidant content in cold pressed oils.
Increasing awareness among consumers regarding these benefits of coconut derivatives can drive the global market. Other benefits such as injection of good cholesterols and weight loss are expected to boost the market. Organic virgin coconut oil is also to combat bacterial and viral infections. The oil deactivates the viruses and prevents them from further growth.
Several nations are eagerly adopting organic farming practices by promoting legislation and standards. This significantly boosts the popularity of 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 countries, 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.
Scope of Organic Virgin Coconut Oil Market Report:
The report on the organic virgin coconut oil market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Organic Virgin Coconut Oil Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2022 |
Historic Data | 2016 – 2021 |
Forecast Period | 2023–2031 |
Segmentation | By Extraction Method (Cold Extraction, Hot Extraction, and Others), By Packaging Type (Bottles & Jars, Pouches, Bulk Packaging, and Others), By Application (Direct Consumption and Industrial Consumption), and By Distribution Channel (Online and Offline) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered 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. |
Organic Virgin Coconut Oil Market Segment Insights
In terms of extraction method, 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 to grow at a substantial pace, owing to the high yield offered by the process as compared to cold extraction.
On the basis of application, the organic virgin coconut oil market is bifurcated into 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 the increasing use of oil in several industries such as food & beverages, beauty & cosmetics, and pharmaceuticals.
Based on region, 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 burns, 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.
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 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.