Coconut Oil Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029) 

The market report presents a thorough analysis segmented by Products Type (Refined Coconut Oil, Un-Refined Coconut Oil, Others); by Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The coconut oil market is estimated to be at USD 7,206.41 Mn in 2025 and is anticipated to reach USD 9,686.13 Mn in 2030. 

• The coconut oil market is registering a CAGR of 6.09% during the forecast period 2025-2030. 

• Coconut oil, extracted from mature coconuts, is widely used in food, cosmetics, and pharmaceuticals due to its health benefits. The market’s growth is driven by the demand for natural products and plant-based diets, which leads to its production. 

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Ecosystem  

• The participants in the global coconut oil industry are always actively involved in the production and distribution of various types of coconut oil products across food, cosmetics, and industrial applications. 

• These companies primarily focus on product differentiation by offering organic, cold-pressed, and virgin coconut oils to cater to varying preferences, along with strategic partnerships with cosmetic and food companies to maintain a competitive edge in the market. 

• Several important entities in the coconut oil market include Cargill, Inc.; Archer Daniels Midland Co.; Mangga Dua; Greenville Agro Corp.; Royce Food Corp.; and others. 

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Findings 

Attributes	Values
Historical Period	2019-2023
Base Year	2024
Forecast Period	2025-2030
Market Size (2025)	USD 7,206.41 Mn
Market Size (2030)	USD 9,686.13 Mn
Growth Rate	6.09% CAGR from 2025 to 2030
Key Segments	Products Type (Refined Coconut Oil, Un-Refined Coconut Oil, Others); Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Cargill, Inc.; Archer Daniels Midland Co.; Mangga Dua; Greenville Agro Corp.; Royce Food Corp.
Key Countries	The US; Canada; Mexico; Brazil; Peru; Colombia; Indonesia; India; Philippines; Belgium; Germany; France; UAE; Saudi Arabia; Algeria; South Africa
Largest Market	Asia Pacific

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Trends  

• Shift Toward Organic Coconut Oil: Consumers are increasingly favoring organic coconut oil products as they become more health-conscious and aware of environmental sustainability. This trend is prevalent in both food and cosmetic applications, where customers are seeking purity and transparency in product sourcing. For example, Nutiva has been promoting its organic coconut oil products to tap into this growing consumer preference. 

• Innovations in Coconut Oil Packaging: With the increasing consumer demand for eco-friendly packaging, companies are focusing on offering coconut oil in sustainable packaging options. This trend is aligned with broader environmental concerns and the push toward reducing plastic waste. 

• Popularity of Cold-Pressed Extraction Techniques: Cold-pressed coconut oil is gaining popularity as it preserves more nutrients and natural flavors compared to traditional heat-based extraction methods. This oil is preferred by health-conscious consumers and the high-end cosmetics industry for its purity and health benefits. 

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Catalysts 

• Increasing Demand for Odorless and Tasteless Coconut RDB Oil: The increasing demand for odorless and tasteless refined, bleached, and deodorized (RBD) coconut oil is driving its popularity across various industries. Its neutral flavor and longer shelf life make it ideal for cooking, baking, and cosmetic uses, offering versatility in different applications. 

• Growing Demand in the Cosmetic Industry: Coconut oil’s natural moisturizing and antibacterial properties have made it a vital ingredient in a wide range of cosmetics, from moisturizers to lip balms and hair oils. The shift toward natural and organic ingredients in cosmetics is further boosting demand for coconut oil in this sector. For instance, The Body Shop uses coconut oil in many of its products, highlighting its fair trade sourcing and natural skincare benefits to appeal to consumers seeking sustainable beauty products. 

• Increasing Popularity of Natural and Organic Foods: As consumers move away from processed and artificial ingredients, coconut oil has gained traction as a natural alternative to hydrogenated oils and other unhealthy fats. Its application in cooking and baking, as well as its presence in health food stores, has expanded considerably. 

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Restraints 

• Fluctuating Coconut Supply: The production of coconut oil is highly dependent on the supply of coconuts, which can be impacted by weather conditions, diseases affecting coconut trees, and labor shortages. Supply chain disruptions can cause price volatility and lead to inconsistent availability of coconut oil products. 

• Sustainability Concerns: While demand for sustainable products is rising, the environmental impact of large-scale coconut farming, including deforestation and biodiversity loss, remains a concern. Companies are under pressure to ensure that their coconut oil sourcing practices are environmentally and socially responsible. 

• Health Controversies: Despite its popularity, coconut oil has faced some scrutiny regarding its high saturated fat content, which has led to debates about its health benefits. Some health experts argue that excessive consumption of saturated fats can increase the risk of heart disease, creating mixed perceptions about coconut oil’s health profile. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Coconut Oil Market (2019 – 2023)         2.2.    Global Coconut Oil Market (2024 – 2030)  3.       Market Segmentation         3.1.    Global Coconut Oil Market by Products Type                3.1.1.    Refined Coconut Oil                3.1.2.    Un-Refined Coconut Oil                3.1.3.    Others         3.2.    Global Coconut Oil Market by Application                3.2.1.    Food and Beverages                3.2.2.    Pharmaceuticals                3.2.3.    Cosmetics and Personal Care  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Peru                4.2.3.    Colombia                4.2.4.    Rest of South America         4.3.    Asia Pacific                4.3.1.    Indonesia                4.3.2.    India                4.3.3.    Philippines                4.3.4.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    Belgium                4.4.2.    Germany                4.4.3.    France                4.4.4.    Rest of Europe         4.5.    The Middle East                4.5.1.    UAE                4.5.2.    Saudi Arabia                4.5.3.    Rest of the Middle East         4.6.    Africa                4.6.1.    Algeria                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Coconut Oil Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Cargill, Inc.         9.2.    Archer Daniels Midland Co.         9.3.    Mangga Dua         9.4.    Greenville Agro Corp.         9.5.    Royce Food Corp.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Coconut Oil Market – FAQs 

1.  What is the current size of the coconut oil market? 

Ans. In 2025, the coconut oil market size is USD 7,206.41 Mn. 

2.  Who are the major vendors in the coconut oil market?  

Ans. The major vendors in the coconut oil market are Cargill, Inc.; Archer Daniels Midland Co.; Mangga Dua; Greenville Agro Corp.; Royce Food Corp. 

3.  Which segments are covered under the coconut oil market segments analysis?  

Ans. The coconut oil market report offers in-depth insights into Products Type, Application, and Geography.